Chapter 3 : The Role of Government in a Market Economy & Chapter 4 : Government in Canada

B.C to give HST rebates

Summary:
This article talks about the British Columbia Government (Gordon Campbell) giving schools and hospitals a break from the newly formed "harmonized sales tax", during July 1st. This means that the government will be providing a rebate on 7% of the provincials sales tax portion of the harmonized sales tax. This means that institutions won't be paying anymore taxes as they are, once the harmonized sales tax comes into effect, according to the British Columbia Finance Minister Colin Hansen. This rebate will only apply to qualified schools, universities, public colleges and hospital authorities. The qualified schools will receive a rebate of 87%, universities and public colleges with a rebate of 75%, and hospital and health authorities with a rebate of 57%. This rebate will be provided by Revenue Canada.

Connections:
The connection between this article and chapter 3 in the textbook is government involvement. The British Columbia Government realized that giving schools, universities, public colleges and hospital authorities would just make it harder for them because they are taking money away from services that are government provided and the fact that these services needs more money to provide updated things. This would also benefit the British Columbia Government because people using these services, are trying to gain knowledge to work in the future, and these jobs can be government jobs.

Reflection:
In my opinion, this is a good idea for qualified schools, universities, public colleges and hospital authorities because if they had to pay more taxes, they only way they would be able to cope with this situation is by charging the public using these services, more. This would be easier on the people using these services and the people providing the services. In another look at this situation, it could be a hassle depending on how Revenue Canada is providing the rebates. Overall, I believe this will be a good thing towards these services.

Source:
http://www.cbc.ca/canada/british-columbia/story/2010/01/14/bc-hst-rebate-institutions-hansen.html