Certified General Accountants Association spreads the love of the HST… but is this conflict for members who promote the HST to clients?
The Certified General Accountants Association is spreading the love with a Pro-HST message that was sent to all it’s members and students. In fact,many accountants are now sharing that message even further, with their clients, which makes me wonder if that might be a conflict, considering how even Kevin Falcon has admitted the HST is not good for everyone, even all businesses.
On the CGA-BC website, it states that the organization is responsible for protecting the publics interest when dealing with CGA’s, but is it in the publics interest for members to promote the HST to their clients? What do you think?
Here is a copy of the email sent to all CGA- BC members and students:
The HST Referendum begins today. Once mail service starts sometime next week, you will receive a ballot and be asked to return it with your vote to Elections BC by July 22, 2011. Your Association asks that you review the facts and make an informed decision about which tax system is better for British Columbia.
Since 2005, CGA-BC has argued in favour of a more equitable and transparent value-added tax. Although no tax is perfect, the HST is the right tax system for our times. It is a key component in creating a competitive environment that will create jobs, reduce red tape, attract new business, and more efficiently and fairly generate the revenues necessary to pay for the things we care about.
The HST replaces an expensive, cumbersome tax system that was heavy on red tape and low on value. It replaces two taxes with one tax, and with government legislation now passed to reduce the HST from 12 per cent to 10 per cent over the next three years, the HST will undercut the combined PST/GST taxes by two full percentage points if accepted.
Read our cover feature on the HST in the summer issue of Outlook magazine. It includes a series of articles written by Michael Kane and Jack Mintz and features prominent CGAs such as Dave Fairhall, FCGA; CGA-BC Chair Bruce Hurst, FCGA; and Past-Chair John Pankratz, FCGA, and others who make the case for the harmonized sales tax.
The Positive Impact of the HST
§ At 10 per cent, the HST will be two points lower than the 12 per cent PST-GST
§ The average B.C. family will now pay $120 less per year than they did under the PST-GST
§ In addition to low-income families receiving up to $230 per person in HST credits, children and seniors will receive annual transition cheques of $175 until the 10 per cent HST rate takes effect
§ 83 per cent of small businesses support a 10 per cent HST, according to the Canadian Federation of Independent Businesses
§ The HST is an efficient consumption tax with no loopholes, exemptions for special interest groups or deductions
§ The HST taxes the growing part of our economy services thereby providing $800m additional revenues British Columbia needs for health care and education by 2014
§ The HST removes tax duplication throughout the value chain eliminating the costly compounding effect of PST which was applied at every level from raw materials right through to the retail level.
Please note that to keep the HST you must vote No on the ballot. The Association encourages you to please vote in this important referendum.
Gordon Ruth, FCGA
Chief Executive Officer