A $350 Electricity Bill Increase and Early HST Tax Grab to Make Life More Expensive for Ontario Families


News:

TORONTO — On Saturday May 1st, 2010, life is going to get more expensive for Ontario families when they begin paying for the McGuinty Government’s latest electricity rate hike and the very first Ontario consumers begin paying the HST.

On May 1st, Ontario electricity rates are set to increase by 12%. This rate increase, when combined with the HST and other hidden fees, will cost Ontario families an additional $350 per year.

Also on May 1st, Dalton McGuinty’s $3 billion HST tax grab takes effect for all goods and services purchased today, but not delivered until after July 1st. Homes purchased with delayed closing times, annual gym memberships, landscaping contracts, and late summer airline tickets are all examples of services that go up in price starting tomorrow.

Quotes:

“Under Dalton McGuinty, middle class family budgets are already under siege; and with his latest electricity rate hike and early HST tax grab, things are about to get even more expensive still.”

– Ontario PC Leader Tim Hudak

“Some poor unlucky Ontario consumer is about to make history as the very first person in the province forced to pay Dalton McGuinty’s HST tax grab – his latest attack on the family budget.”

– Ontario PC Leader Tim Hudak

Quick Facts:

  • According to the Ontario Energy Board, the estimated bill impact of the McGuinty Government’s latest electricity rate hike is about $91.20 per year (based on 800 kWh/month use) when compared to the prices that Ontario families currently pay. (Source: Ontario Energy Board Backgrounder, April 15, 2010)
  • Dalton McGuinty’s tax fee and rate hikes will increase the annual electricity bill for a typical household to over $2,000 by the end of next year – a $350 increase over last year.
  • Under Dalton McGuinty’s $3 billion HST tax grab plan, Ontario families will begin paying the HST on any good and service purchased after May 1st, but not delivered until after July 1st. This includes annual membership fees, long-term professional service contracts, and home purchases with closing times after July 1st.

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