Second thoughts on HST

As we arrive at the one-year anniversary of the B.C. HST referendum, it’s interesting to hear that small business owners...

As we arrive at the one-year anniversary of the B.C. HST referendum, it’s interesting to hear that small business owners who voted in favour of a return to the PST/GST system are beginning to have second thoughts.

Admittedly, most businessesmen and women voted to keep the HST (especially when it was going to be lowered to 10 per cent from its current 12), but according to a recent survey by Sage North America nearly 20 per cent of respondents who voted to extinguish the combined tax said that, if the referendum was to take place today, they would change their vote.

Their main concerns are: increased paperwork thanks to the reversal of policy (75 per cent), expected negative impact on the economy (62.5 per cent) and the amount of personal time needed to make the switch (58.9 per cent).

The survey also asked what kind of impact they think their company will experience due to the switch (expected by March 2013), and nearly 58 per cent of respondents believe they will experience a negative impact, while 17 per cent believe there will be a positive impact. Overall, 45 per cent of respondents believe they will be a “loser” after the switch in 2013, compared to the 15 per cent who believe they will be a “winner.”

In short, change is a pain in the ass. And when you make a change, adjust to a change, and then revert back to a previous state, it sucks even more.

But there is still one very positive outcome to this whole debacle: accountants and bookkeepers will become so busy that they’ll be able to keep our economy afloat by being the only ones able to afford new cars, homes, gold pocket protectors and diamond-encrusted calculators.

Pity that I’m a word geek rather than a math whiz. M

Photo Contest – Final Week – 20+ prizes

It’s the final week to enter our 12th Annual Photo Contest for the chance to win over 20 prizes. 1st Prize in each of the six categories is a $175 gift card from Prism Imaging; 2nd Prize in each of the six categories is a $100 gift card from Prism Imaging; 3rd Prize in each of the six categories is a $50 gift card from Art World — plus there are additional Prism prizes of $100 gift cards as selected by Prism Imaging.

A $100 cash prize will also be randomly chosen from all entries and handed out to the winner at the exhibit opening being held on Tues., Sept. 25 at the Arts Centre in the Cedar Hill Recreation Centre.

You can find all the details online at MondayMag.com/contests. Deadline is Friday, Aug. 31. Entry fee is $10 per photo. Good luck.

Just Posted

Region’s 250th Little Free Library installed in Victoria

Greater Victoria now has the highest density of mapped little libraries in the country

PHOTO GALLERY: Cyclists were all smiles during ninth Tour de Victoria

More than 2,100 cyclists participated, locals and visitors alike

Final HarbourCats home game of 2019 happening tonight at RAP

Tickets still available for Game 1 of the West Coast League finals; first pitch at 6:35 p.m.

WINE NOTES: Going gaga over B.C. Gewürztraminer

Robert Moyes offers up some interesting late-summer vino choices

Take your opportunity to sing at the Royal Theatre

Great Canadian Sing debuts Sept. 8 with inspirational music, talented performers, singalong format

For the Love of Fibre: Fibrations 2019 wrapup

Fibre arts celebrated through demonstrations and market showcasing locally made items

Tour de Victoria: Giving you the down low on detours around the region

Thousands of cyclists participating in ninth Tour de Victoria on Saturday

Christopher Auchter’s story headed to the international stage at Toronto International Film Fest

Old Massett totem pole raising revisited in Christopher Auchter’s documentary Now Is The Time

Saanich Peninsula student scores only scholarship for Canadians offered by top U.S. music school

Stelly’s grad Isaiah Carvalhal-Smith and his electric bass off to Boston after successful audition

Yellow Wolf Powwow draws dancers from across Canada

Saanichton event a celebration of Indigenous culture

Victoria-based elephant advocate fighting to end ivory trade

Founder of World Elephant Day hopes to spread awareness, add political pressure

Most Read