No I'm gonna put my shiny $250 in my LOTTO BC ACCOUNT!

250 > ????? = PROFIT

didn't realize Hobz was into goatse :lol

I would put that $250 towards sports gambling since that's super ok to advertise on the daily now. Thankfully I have enough self control to stop once I've lost that $250 haha.

if bic baws puts his name on this list, I'm gonna go and kick him in the balls.

This is great for consumers and a great "marketing tactic" from the Libs.

But if it's executed the way I think it will (poorly), it's really just a short term relief for consumers and long term price increases.

What's likely going to happen is that retailers are gonna get shafted so they'll request a 5% discount from their suppliers who will also get shafted, resulting in a 5% increase in the future.

I doubt the CBSA is gonna reimburse businesses for 5% GST on the goods sold in this time frame...cause how would you even track this. Well the answer to this is the same way you would do a K32 duty drawback but it's a HUGE PITA.

While GST is supposed to be a net zero transaction for all parties between importer and retailer, if the end user doesn't pay for GST... Is the CRA going to allow significant GST refunds on ITCs?

These fuckers at the CRA are already automatically auditing anyone requesting a income tax (corp/personal) or GST refund. Let alone mismanaged $40M from that scandal.

Further to my point, who's gonna be funding the implementation of this two month tax cut? Implementing software code changes for tax like this takes months of testing and implementation for big orgs. Yeah fuck the big orgs but what about the small businesses?

It's a nice gesture, but it'll fuck everyone else in the long run.

You would save no more with a carbon tax removal. Gas companies would just pocket the savings.

If you don't like the rebate you are more than welcome to sent extra money back to the government at tax time.

I am not seeing how retailers are gonna get shafted by the GST break though. As a consumer, I would just expect the retailer to stop collecting GST on those listed items.

And then when it comes to remittance, since the retailers didnt' collect anything on those GST-exempt items, they will not remit anything (on those items) to CRA. Retailers already do this on a regular basis.

If anything, I can see the GST break cooling sales between BF and Dec 14, and noticeably boosting sales from mid Dec to early January.

Yes. I have non-Canadian clients only, so I don't collect GST. I sure as hell do submit the GST I pay on expenses to run my business. So I get a cheque (that goes straight back to CRA as an installment) every year repaying the GST I paid.

Is that not what they're already doing? They just give rebates to the people who shouldn't be taxed.

you got it. retailers will not charge gst for those items, so there is nothing to remit and nothing to be refunded.

From a practical point of view, can a retailer just push a button and not charge GST?

I feel like this is just something being said but then in practice retailers won’t even understand how to do it.

No because everything is scanned. Retailers are going to have to change it manually for every item or category depending how it is set up.

I am just thinking of how supermarkets do things.

You only pay tax on taxable items, but you don't pay tax on non-taxable items. So that means in their check out / payment system, each item must have a category of whether it is taxble or not, and it'll be specific to PST & GST as well.

So a change will have to made in that check out / payment system, and then it should be done.

Woo GST holiday.

I'm taking my $250 and going on a nice NYE dinner with the wife. Maybe a tire company starred tasting menu...hmm let's see. Save 5% off our special meal wooo!


https://i.imgur.com/bRRMNN6.png

Can we have a tipping holiday too? :pokerface:

Retailers are going to have to reprogram POS systems and that's a big job. So while good for consumers, it's bad for retailers who have to incur all this extra cost twice, both to remove the taxes and then reimplement them next spring.

nope

yep


none of my products will qualify so we should be good. but i can't stress enough that every single minute change to the tax code is a huge pain in the ass for retail. at point of sale and remittance.

full burden placed on retailers.

I think all of these pipe dreams that are never going to happen, no matter who is in gov't.

Governments will always be bloated. It's impossible at this stage to dismantle a bureacracy without putting too many unionized people out of work.

Over-runs are agnostic across all parties. There is no such party who can say they will prevent cost overruns.

Social services is a neccessity. There are people who simply can't work by choice and taking away their income subsidies will do nothing except make them homeless. At the same time, taking away a junky's welfare cheque isn't going to make that person go "hmm I guess i better get a job now lolz".

Corporations already are taxed, but they use enough tax shelters and loopholes to avoid paying it. That is a problem in every country. But if you tighten those loopholes, watch those corporations (and all the jobs they bring) leave the country.

I admittedly didn't like how they raised capital gains tax, I think we need to incentivize corporations and businesses to invest here, and that didn't help.

(And if anyone believed the gov't when they said this only affects a small amount of the richest people in the country and that they aren't rich enough to worry about capital gains tax, wait until you inherit your parent's estate and you realize you're paying capital gains taxes suddenly....)

So in other words, small retailers won’t be doing this

Well what’s new.. a terribly planned liberal policy.

Do it !!! It’ll blow your mind. Best gastronomy experience I’ve had in Vancouver. I got some other Michelin rated ones booked for my birthday (Anna Leah) to try next but these places are worth it.

i'm still not over HST. for a brief moment in time everything was going to be easy for retailers

10% across the board. easy to calculate, no more games, huge amount of admin costs recovered in time savings.

then Bill fucking Vander Zalm reincarnates and shows up for no reason whatsoever to sewer it. Thanks Bill!

Meanwhile, Sim Shady and the Vancouver City Council are going to raise property taxes again.


https://vancouver.citynews.ca/2024/1...t-budget-2025/

The City of Vancouver released its draft budget for the 2025 fiscal year Wednesday night, with spending set to go up by 10.6 per cent.

While it still needs to be approved in December, the budget provides a better idea of what’s to come.


The draft shows operating spending is projected to increase by $226 million over the 2024 expenditure levels to maintain city services like police, fire, and parks and recreation, among other public resources.

City staff anticipate spending slightly more on utilities and slightly less on public safety.


Annual capital spending on public safety would still account for 5 per cent of the budget — or $47 million.

The overall spending increase could mean an increase in property taxes for Vancouver homeowners and businesses.

"Revenue projections include a 4.5% increase in property taxes to address the increasing costs of service delivery and an additional 1% property tax increase specifically directed to address the historical deficit in funding for infrastructure renewal,” said the city manager.

The proposed 5.5 per cent increase would come after council approved a 7.5 per cent hike in property taxes last December.

Oh please. No disrespect to you Producer, I'm sure for small/medium operations it's a headache, but as an SAP guy I could do all of Home depot, Canadian Tire, Lowes, or Safeway in a day. Two if they want a dry run first.

There's already a tax category for no-GST. You just have to identify the products, then mass change them.

If you're working for Accenture, just triple the time and make sure to screw it up once. :lawl:

It's a drag, but it's not the end of the world. Try dealing the US sales tax, that's where things become impossible.

edit: I'm with you on the HST. I hated the way it went in, but taking it out like that was just as stupid.

Haha actually we ate here a couple years ago. Just was looking through the NYE offerings and this one was like the biggest outlier. Most high-end places are 250-300. DOn't remember what it was when we ate here in 2022 but it was definitely nowhere near $500/pp

Looking at a regular day the Tasing menu is only $165/pp

I better get a tug and blowjob with a digestif from a buxom waitress for $500.

I tried Anna Lena pre-michelin and it was pretty good. But now it's just impossible to get in now on a weekend. That being said Michelin stars in Vancouver seem to be missing that je ne sais quoi from other similar places in Europe. I dunno, the service is not up to par, it's noisy, neighbours are too close, it's all fucking high-chairs everywhere. Bleh.

Does anyone with a complex SAP system EVER have anyone competent enough to address this on site? lol I haven’t seen it.

The vast majority of small businesses like beer stores etc will likely have to manually adjust these items as Manic said.

Does that include a wine pairing?

If not can’t really see how that’s anything but a blatant NYE overcharge. I’ve yet to dine anywhere in Vancouver that justified a $500 tasting menu. Especially if that does not include a wine pairing.

I’ve gotten drunk at 2 stars with a 8-10 course tasting menu for far less.