BREAKING NEWS: 6 hours before the GST/HST holiday is set to begin, CFIB confirms with government that it is NOT mandatory for businesses to participate:
"This measure is now law. We expect businesses to comply with the new rules, but we don’t intend to chase after small businesses that may struggle to implement the measure in time. There remain pathways for businesses and all Canadians to obtain their GST relief on qualifying goods through the CRA."
My interpretation of this is:
1. Government wants everyone to offer the holiday, but no business is required to do so.
2. If a business decides to continue to collect the GST/HST on eligible goods to avoid the administrative challenges, it must remit the tax revenue to the CRA as normal.
3. Consumers AND businesses that have paid the GST/HST on eligible goods can go to the CRA for a refund.
4. Competitive pressure will push most retailers and restaurants into participating anyway. They won't want to risk losing a sale to the neighbouring biz that is participating.
5. Many manufacturers and distributors (like PepsiCo) will not participate, which will cause cash flow issues for small business owners.
What a mess!
We need a new Vancouver Mayor and Council . If Politicians cannot work together, they do not work for all of us. This council has been nothing but a disaster. https://t.co/PcWtlUEjGT via @YouTube
At the August 5 #SP500 low, 92.71% of stocks declined on down volume of 93.69%. Chart below shows all 16 times with >90% decliners & down volume when within 10% of all-time high. Only 3 of those signals matched Monday's reading though (topic for another post). #ES_F#SPY#SPX
BC Finance Minister Katrine Conroy is blaming today's credit rating downgrade from S&P today on the fact "we inherited a deficit of infrastructure" from the BC Liberal government.
Quite an answer.
The NDP have been in power now for SEVEN years, for anyone counting.
NEW - BC has suffered its second credit rating downgrade in a single day.
Moody's has announced it has changed its outlook on BC from "stable" to "negative."
@WPUltimo Hi Guys, I have been trying to get in touch with you via email and other ways as there seems to be an issue with my newly purchased key, what is the best way to reach you? thank you
BREAKING: A DC federal appeals court has just ruled that Donald Trump does NOT have presidential immunity from a lawsuit being brought by police officers for his role on January 6th. More terrible news for Donald Trump, but great news for justice & accountability.
The S&P 500 has gained 16% over the last 36 trading days, one of the biggest short-term rallies we've seen in the last 30 years. >99th percentile historically.