Hst On Numismatic Coins - Coin Community Forum

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Author	Replies: 8 / Views: 2,383
MJT Valued Member Canada 196 Posts	Posted 02/21/2012 12:18 pm From my understanding, Gst/hst are taxes that were meant for consumers when they purchase new items, like example new apartments, new cars etc. I just think that its extremely unfair for cRA to charge hst on numismatic item as the same item is charged GST/HST everytime the item goes for sale on auction. technically, we have paid the Hst when we purchase them (which is already unfair), the next buyer shouldn!t pay Gst or HST Thoughts? Report this Post to the Staff

littlemoney Pillar of the Community Canada 902 Posts	Posted 02/21/2012 12:41 pm That's how a tax works. You pay it until death. Report this Post to the Staff
Bm0ney Pillar of the Community Canada 1005 Posts	Posted 02/21/2012 1:22 pm Used cars have the same tax % as new cars in Ontario. Report this Post to the Staff
Petersun Pillar of the Community Canada 1700 Posts	Posted 02/21/2012 1:56 pm Some places charge and some don't Report this Post to the Staff
Jdgarst0720 Valued Member United States 259 Posts	Posted 02/21/2012 6:28 pm They will get you any way they can, huh? Look what the US mint is doing with dollar coins! Report this Post to the Staff
coingirl Previously Ousted Canada 398 Posts	Posted 02/21/2012 6:55 pm just think about this: HST is different from province to province.....same country Drivers license .... also different.... drinking age ... different... However....if I mail a parcel via Canada Post from BC to Ontario..... I do not pay BC HST of 12 %... NO.. not at all... IT is 13% as in Ontario.. and guess what? Nobody can tell me why. If I mail the same parcel to Alberta, it is not 5% (GST) as Alberta does not have Prov tax. oh... it is 12%, as I send it from BC.. makes sense? NO CG Report this Post to the Staff
MJT Valued Member Canada 196 Posts	Posted 02/22/2012 02:58 am I think numismatic associations have to lobby tax isses with government as I think government code is not complete regarding this. I called cra once regarding this. Even them got confused and took over half hour to answer quetion regarding why I have to pay tax on my canada 50 cents mailed to me from states. Report this Post to the Staff
MrCanada Pillar of the Community Canada 650 Posts	Posted 02/22/2012 10:31 pm They suck!If you buy from someone not registered [ doing less than 30,000 a year] they don't have to charge. Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 02/23/2012 05:27 am There are two absolutely sure things in life: Death and Taxes. MJT: Actually, I agree with your premise. In a lot of counties there is a goods tax and a services tax, at some rate or other. Every time a service is charged for, a tax on that service has to be paid. If a good(s) has a value added to it, a tax on that extra value has to be paid. If a coin is sold, that is a service. Tax man says: "tax please!" Legally, that should happen every time that coin is sold by a business. When buying and selling takes place between private individuals (instead of a registered business), the Tax Man has no way of finding out if a transaction has taken place. In this case, no tax. Report this Post to the Staff
	Replies: 8 / Views: 2,383

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