The McGuinty Government’s Harmonized Sales Tax (HST) will cost the average Ontario family almost $800 a year, according to a study released by Andrea Horwath, leader of the Ontario NDP, on May 4.
Using Statistics Canada’s “Social Policy Simulation Database and Model”, the Ontario NDP examined the HST’s financial impact on Ontario families.
The analysis shows that the HST will cost the average family $792 more every year. Even after they receive $322 in announced tax cuts and credits, the average family will be $470 out-of-pocket.
The results of the study confirm that life will be more expensive for local families many of whom are still hurting from the recession.
With the HST, Ontarians will be forced to pay 8% more for hundreds of everyday items and services such as gasoline, home heating, hydro, natural gas, internet bills, haircuts, bicycles, magazines, legal fees, accounting fees, real estate commissions, vitamins, gym memberships, home renovations, funerals, and many more.
None of the new revenue will go towards investments in health care and education. Unfortunately, the inadequate funding for our hospitals will result in further cutbacks to patient care; parents will continue to fundraise for classroom essentials; and our university and college students will continue to struggle with soaring tuition fees.
While our families and seniors pay more and get less, the McGuinty Government gives away billions of dollars in tax cuts to the big, profitable corporations, spends millions on high end consultants, and studies plans to sell off valuable public assets. We deserve better. It’s time for the McGuinty Government to put people first.
President, SDSG Provincial NDP riding association, Cornwall Ontario
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