Uncut, while true, there is a lot of misconceptions there. Was the income tax brought in as a short term tax? Yes. But you have to question yourself where the government got its revenue from. Before, nations had tariffs of up to 40% on goods and services. These tariffs hindered trade and economic growth. So one tax was implemented and the other was removed.
Even, you talk about the HST, but if you look at Canada and the Province of Ontario, we are paying less personal income taxes today than we were 10 years ago. Even with the HST, since the PST was not a value added tax, we were already paying it two or three times by the time we pick it off the shelves. Whereas, the HST we will only pay once.
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