Mr. Speaker, the Atlantic Provinces Economic Council says the harmonized sales tax will be good for business and job creation.
Its new report says the HST will help businesses save more than $584 million a year. Businesses will no longer pay sales tax on items they buy to create their products or build their plants. Construction firms for example will have an edge over similar firms in Ontario which will go on paying sales tax.
The report also says that even a small shift in the investment climate will be likely to produce jobs and increase productivity.
Atlantic Canada is a great place to do business. The HST makes it even better.