Today the Ontario PC Party finally announced a game changer. They will be eliminating the HST off Hydro Bills.
As we have announced here at OfficiallyScrewed.com before, the debt retirement charge that never gets repaid is subject to HST and we have argued that never paying off the debt (a la Dalton McGuinty) is a way the province will keep collecting tax dollars as the debt retirement is subject to HST.
Well Hudak has come through for Ontarians with this announcement.
An Ontario PC government will provide Ontario families with real, permanent household relief by:
Removing the HST from residential hydro bills. The HST has made life unaffordable for many families. Combine that with expensive energy experiments and hydro bills are soaring.
Removing the HST from residential home heating bills (natural gas and other fuels). We live in Canada where heating our homes isn’t a luxury. Increasing the cost with a tax increase is unfair.
Removing the Debt Retirement Charge from residential hydro bills. We will remove the so-called “Debt Retirement Charge” from your hydro bills. The full amount had been collected as of 2010 – yet the McGuinty government extended it to 2018.
Taken together, these three steps will give a typical Ontario household $275 in immediate relief from rising energy bills.
Thank you Mr. Hudak. We needed something to hit the masses with and this is a the perfect shot in the arm to stimulate interest in putting the PC party in charge of Ontario.