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!
In celebration of 5 YEARS of Pink Whitney we’re giving away 5 Pink Whitney Wagon zamboni coolers (it’s also a speaker too😎)!
To Enter to win one:
(1) Follow @pinkwhitney
(2) Tag a friend
Retweet for an extra chance. Alcohol not included. Must be 21+ to enter
Government of Newfoundland and Labrador to spend $171K over two years to sponsor jerseys of UK football (soccer) club @BarrowAFC, in an effort to increase immigration. Barrow AFC plays in the 4th tier of UK football. #nlpoli
"If you spent $100 every second of every day it would take you 1966 years to equal the $6.2 trillion the US government has spent the past 12 months" - Mike Hartnett
The province negotiated a $22-million deal to buy electricity from Kruger in January, but nobody said a word about it until Friday before the St. Paddy's Day long weekend. It's been in effect for more than six weeks.
https://t.co/388qmGuImv
Tune in to CBC News tonight to hear NDP MHA Jordan Brown respond to the secret deal inked by the Liberals that will see NL Hydro pay 8 times the cost for energy. @JordanLabCity#nlpoli#nlndp