B.C. Liberals to introduce legislation to end HST today
B.C. taxpayers will learn how the government will roll back the HST when Finance Minister Kevin Falcon introduces the highly anticipated legislation at 1:30 p.m. PT today in the legislature in Victoria.
The Liberal government has taken a lot of criticism in recent months for delays in revealing exactly what the PST will look like once it’s reinstated along with the GST on April 1, 2013.
The opposition NDP has suggested the PST might not feature the same exemptions as it did before it was removed to make way for the HST.
Prior to the introduction of the 12 per cent Harmonized Sales Tax in July 2010, B.C. residents paid a combination of the federal government’s five per cent Goods and Services Tax and B.C.’s seven per cent Provincial Sales Tax on most items.
But the HST eliminated a number of significant exemptions. For example, restaurant meals were previously exempt from PST but were fully taxed under the HST system.
The HST was soundly defeated in a province-wide referendum last summer after a successful campaign to scrap the tax. That tax revolt eventually lead to the resignation of former Premier Gordon Campbell and has been equally damaging to current Premier Christy Clark.
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