Well, actually it doesn’t start until July 1st, 2010 but knowing about this new tax is just as important as its announcement. The HST tax, or Harmonized Sales Tax (combining the GST & PST together into one tax) is Ontario’s answer to the mess of the having these two separate taxes for so long.
Complaints have already begun about how our costs will be going up.
For some people it is true that costs will go up but for the vast majority they will stay exactly the same. And in some cases they might actually go down. Take a quick look at this link and here. They give you a list of goods that will be affected by the HST.
From a quick cursory glance it is clear that items considered luxurious are the ones that will be most affected by it.
In my opinion i think the HST is a welcome change.