The hon. member's time has expired.
House of Commons Hansard #103 of the 35th Parliament, 2nd Session. (The original version is on Parliament's site.) The word of the day was export.
House of Commons Hansard #103 of the 35th Parliament, 2nd Session. (The original version is on Parliament's site.) The word of the day was export.
Export Of ArmsAdjournment Proceedings
6:40 p.m.
The Acting Speaker (Mrs. Ringuette-Maltais)
The hon. member's time has expired.
Export Of ArmsAdjournment Proceedings
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St. Paul's Ontario
Liberal
Barry Campbell LiberalParliamentary Secretary to Minister of Finance
Madam Speaker, I thank the hon. member for her question. Hon. members will know that Canadians have expressed a strong preference to know the full price of goods and services in advance of making their purchases.
I had the privilege of travelling with the finance committee on the GST consultation. If there was one refrain we heard from one end of the country to the other it was: "We want to know what things are going to cost. We don't want sticker shock, counter shock".
Tax inclusive pricing under the harmonized sales tax agreement with the three Atlantic provinces responds directly to the preference that has been expressed by Canadians across this country.
With tax inclusive pricing consumers in New Brunswick, Nova Scotia, Newfoundland and Labrador will know before they get to the cash register what their intended purchases will actually cost, and as such they will make better informed purchasing decisions.
As noted in the HST technical paper-
Export Of ArmsAdjournment Proceedings
6:40 p.m.
Progressive Conservative
Export Of ArmsAdjournment Proceedings
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Liberal
Barry Campbell Liberal St. Paul's, ON
Madam Speaker, I am responding to the hon. member's question. I did not interrupt as she asked her question, tempted though I was. I would ask her to respect the answer.
As noted in the HST technical paper, beginning April 7, 1997, businesses in the three provinces will be required to price their products on a tax inclusive basis. The participating governments have consulted extensively with business in this respect and recognize it will require some operational adjustments. Accordingly, rules have been developed that will minimize disruption for business while still addressing the desires of consumers.
That being said, we must bear in mind that removing embedded provincial sales tax from business inputs and moving to a single administration will entail significant economic benefits for businesses in the participating provinces, benefits which they can pass on to consumers.
The participating governments believe consumers will benefit which is why they have moved to tax inclusive pricing.
Export Of ArmsAdjournment Proceedings
6:40 p.m.
The Acting Speaker (Mrs. Ringuette-Maltais)
The motion to adjourn the House is now deemed adopted. Accordingly, this House stands adjourned until tomorrow at 10 a.m., pursuant to Standing Order 24(1).
(The House adjourned at 6.47 p.m.)
