Thursday, May 04, 2006

Taxing Difficulties

Cutting the GST from 7% to 6% will be Stephen Harper's Canada Day gift to all Canadians, but retailers are already saying it's no gift to them:

Diane Brisebois, the president and CE0 of the 40,000-member Retail Council of Canada, said she is "baffled by the fact that the GST reduction will be effective not only on Canada Day, a statutory holiday, but also the fact that it is a Saturday."

"In many jurisdictions, most stores must be closed on July 1 or face fines for operating on a statutory holiday, with some exceptions such as designated tourist areas or where municipal bylaws permit, which creates an unfair playing field and lots of confusion for consumers," she said.

Brisebois added that retailers may not be able to get technology and telecommunications help on the long weekend if problems with the switch to the lower tax rate occur.

Somehow I think businesses will manage just fine. If they staved off the Y2K bug apocalypse, they can work around having to reset their cash registers on a holiday weekend.

Source: Yahoo


Anonymous said...

The provincial sales taxes have often changed and retailers have always dealt with it.

I'm a retailer myself, and this is no problem whatsoever.

Anonymous said...

the gst got implamented on a stat January 1, 1991 how is this any differant?

Toronto Tory said...

If they're CLOSED on July 1st, then they don't need to worry about it, LOL.

Perhaps Diane can suggest a better day.

Anonymous said...

It'd be a lot easier to test the change with no customers there.

Old Jute said...

Yes Diane, a Wednesday afternoon at 4:37 p.m. (5:07 p.m. in Newfoundland) would be much more convenient for everyone.

Matt said...

I'm a recent computer programmer grad....hire me to change the value of this variable in all of your checkout software! :P