Just one week to go before HST hike
Ontario's new Harmonized Sales Tax is just one week away.
What's interesting is that, unlike in B.C. where the backlash has been severe, most Ontario residents seem rather indifferent to the whole thing. Or maybe they just haven't done the math.
While 83% of goods and services -- such as basic groceries, municipal transit and prescription drugs -- will remain untouched by the HST, the remainder will cost the average Ontario family $792 this year, according to a recent NDP study.
The figures, which do not include the one-time transition cheques that Ontarians received this month, suggest that only families with a combined income of less than $20,000 would come out ahead once the HST is in effect.
And that's not a lot of people.