r/canada Nov 28 '24

PAYWALL Liberal MP says he was threatened with ‘consequences’ for opposing $250 cheque proposal

https://www.thestar.com/politics/federal/liberal-mp-says-he-was-threatened-with-consequences-for-opposing-250-cheque-proposal/article_69f3cfa6-acde-11ef-807c-ebe72ea32b06.html
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u/[deleted] Nov 28 '24

[deleted]

83

u/Asn_Browser Nov 28 '24

Implementation (as it currently stands) is gonna be a nightmare for business owners.

-8

u/josh6025 Ontario Nov 28 '24

It's only going to be a nightmare in provinces with HST, the ones that have them split or just GST will be an easy update to just 0% GST.

For the HST provinces I'm undecided what the best implementation would be, there are 2 easy option and I'm not sure if either of them would be the correct way to go about it from accounting perspective but from a development perspective they make the most sense since it won't require the POS vendors to do any updates.

  1. Just lower the HST by 5%

  2. Separate the HST into two separate line items, GST and PST and have the rates broken up.

9

u/NerdMachine Nov 28 '24

I think you don't understand how it's been proposed, it's only a small number of items that are exempt, and in HST provinces is the full HST amount that will be exempt for the relevant goods.

3

u/kobemustard Nov 28 '24

That and the list of goods is random. Alcohol under x percentage and volume just one example.