Yet, what does the HST mean for you and your vehicle expenses. It won’t effect your mileage deduction, the 52cents that you deduct per km is a flat rate; therefore, the HST shouldn’t have an effect on your mileage logging. But, there will still be an addition HST charge when servicing or fuelling your vehicle.
Fortunately, companies will be eligible to claim back 12% of tax spent. Unfortunately, consumers will have to “eat up” the additional 7% (12% HST – 5% GST).
What do you think about the HST? Leave your opinion below. Post a comment and tell the rest of Quino’s readers how you feel…
- Ashton Byrne, Marketing Coordinator for Quino Solutions Inc.
*Note: the information above was gathered from the BC government and the Vancouver Board of Trade. If you have any questions or concerns regarding the HST, please contact the BC government for answers.
Tags: audit proof mileage, government, hst, log book, Mileage Logging, mileage rate, quino, tax deduction
Chris says:
WOW, Does the Canadian government really need more tax. Did you know the government taxes you in multiply ways.
When you make the money.
When you buy gas.
When you buy goods.
I hear the California government is even planning on taxing pollution too.
Natalie Pinter says:
Regarding the HST. Yes, it will definitely affect all consumers having to pay an additional 7% on many services and goods that previously only had GST of 5% – now paying 12% in total on goods is really a hard hit to BC consumers. This will mean that recording your mileage to charge your employer will be more and more important to cash strapped employees. Missing 10 km times 52 cents means missing $5.20 in mileage re-imbursement, over time these shortfalls will add up to many km being missed and many employees missing out on their ultimate mileage re-imbursement. So be smart, get a MileTracer now and record all your mileage for re-imbursement and don’t miss a cent!
Natalie