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Mint.ca Corrects BC Tax - From 12% Back To 7%

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MoneyPenney's Avatar
Canada
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 Posted 04/01/2013  04:29 am Show Profile   Bookmark this topic Add MoneyPenney to your friends list Get a Link to this Message Number of Subscribers
Update: mint.ca has corrected the tax charged to BC residents. It is back to 7%, the amount of the PST.

Worst case scenario for BC residents. Not only are we charged PST (7%), we ae are also charged GST (5%), bringing the total tax for Fine Silver Coins to 12%.

For example, the Iris coin used to be tax free at 119.99. Now it is extra $14.40, for a total of $134.40. For the polar bear coin, tax free at $89.99, now an extra $10.80 for total of $100.78.

For the butterfly coin, we have to pay an extra $18.00!

The only good news is there is not tax of any kind on the $20 for $20 coins.
Edited by MoneyPenney
04/01/2013 2:39 pm
Pillar of the Community
Canada
871 Posts
 Posted 04/01/2013  05:30 am  Show Profile   Bookmark this reply Add jsinger21 to your friends list Get a Link to this Reply
Now it's going to be an expensive hobby.
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loonar's Avatar
Canada
96 Posts
 Posted 04/01/2013  07:27 am  Show Profile   Bookmark this reply Add loonar to your friends list Get a Link to this Reply
weird that they also charge 9.5% to QC residents
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dodola's Avatar
Canada
227 Posts
 Posted 04/01/2013  09:23 am  Show Profile   Bookmark this reply Add dodola to your friends list Get a Link to this Reply
Just tried on the mint web site and it did plus 7% PST on all pure gold and silver coins except $20 for $20.

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noahs-numismatics's Avatar
Canada
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 Posted 04/01/2013  10:03 am  Show Profile   Bookmark this reply Add noahs-numismatics to your friends list Get a Link to this Reply
!
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super26's Avatar
Canada
65 Posts
 Posted 04/01/2013  10:12 am  Show Profile   Bookmark this reply Add super26 to your friends list Get a Link to this Reply
Happy April's Fool everyone!
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vinnycoin's Avatar
Canada
442 Posts
 Posted 04/01/2013  12:28 pm  Show Profile   Bookmark this reply Add vinnycoin to your friends list Get a Link to this Reply
Geez that sucks. BC and MB get messed up with pst :(
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 Posted 04/01/2013  2:44 pm  Show Profile   Bookmark this reply Add Rockdaddy to your friends list Get a Link to this Reply
People wanted to get rid of the HST, you guys got what you asked for. 😈 I hope you guys are happy now.
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cheney's Avatar
Canada
200 Posts
 Posted 04/01/2013  3:18 pm  Show Profile   Bookmark this reply Add cheney to your friends list Get a Link to this Reply
Yes, I am happy since I know TAX in BC is like seesaw, one side down the other side must up. Plus you can not complain much when you enjoy the warmer and nicer spring (compared with east).
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 Posted 04/01/2013  3:45 pm  Show Profile   Bookmark this reply Add Rockdaddy to your friends list Get a Link to this Reply
Perfect, I'm glad you're happy.
I grew up in abbotsford, so I know all about the weather. ðŸ'¹
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 Posted 04/01/2013  4:04 pm  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
what you in BC saved on pst on everyday items like gas hydro everything has to be better than 7% on a few coins. Wish ontario would do the same as BC.
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Panda's Avatar
Canada
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 Posted 04/01/2013  5:26 pm  Show Profile   Bookmark this reply Add Panda to your friends list Get a Link to this Reply
that's unfair for members from BC and PQ
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 Posted 04/01/2013  5:39 pm  Show Profile   Bookmark this reply Add Rockdaddy to your friends list Get a Link to this Reply
I don't wish Ontario did this, HST is good for business. And good for me :)
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MoneyPenney's Avatar
Canada
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 Posted 04/01/2013  6:03 pm  Show Profile   Bookmark this reply Add MoneyPenney to your friends list Get a Link to this Reply

Quote:
what you in BC saved on pst on everyday items like gas hydro everything has to be better than 7% on a few coins. Wish ontario would do the same as BC.


That is a very sighted view considering that the economy will suffer with the HST gone. Without it, the manufacturing sector will lose the ability to claim the HST inputs. Every economist agree that the HST is a more efficient tax. And is difficult for economists to agree on anything.
The campaign to get rid of the HST was based on lies. Especially, by the NDP. The tax would have cost the average resident $300 a year, which is less than a dollar a day.
Without the revenue raised by HST, the government will either have to create a bigger deficit, raise other taxes, or cut services.
Who do you think will pay for getting rid of the HST? it is people like you who think saving a few pennies on gas and hydro is a great idea.
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 Posted 04/01/2013  6:16 pm  Show Profile   Bookmark this reply Add Rockdaddy to your friends list Get a Link to this Reply
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54dollarcoin's Avatar
Canada
475 Posts
 Posted 04/01/2013  7:13 pm  Show Profile   Bookmark this reply Add 54dollarcoin to your friends list Get a Link to this Reply
whatever money penny keep politics off of a coin site !~ PLEASE AND THANK YOU
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