02-01-2018, 01:06 PM
(02-01-2018, 12:29 PM)MidTowner Wrote: I wouldn't call $2 billion a substantial part of Ontario's $130 billion budget. But it's true that it will have to be replaced, somehow, and I think that a distance tax is probably inevitable. I imagine that, in most places, it will replace the gas tax revenue and then some.
Of total, no. But add $2B to the budget deficit, and it's much less good. Patching it with HST would require an increase in the provincial portion from 8% to 9%, for example.