Party Phone Number

(709) 753-6043

    |    

Party Email Address

Front Page Slider Quote

"I want to make this province a better place to live with a brighter future."

Front Page Quote Sig

Thursday, June 30, 2016

June 30, 2016

 

For Immediate Release

 

July 1 Triggers Liberal Tax Increases

 

 

 

Keith Hutchings, Opposition Finance Critic, said, “July 1 will be another financial hit to people in Newfoundland and Labrador when a number of the Liberal tax increases come into effect. The short-sighted choices that Premier Ball and his Liberal administration inflicted in Budget 2016 will drive up the cost of living for every resident in Newfoundland and Labrador while dramatically reducing consumer spending at a time when most needed. The cumulative effect of the 2016 Budget measures is too much too soon.‎"

 

 

 

Effective July 1, 2016, the HST will increase by 2 points to 15 percent (an increase Premier Ball called a “job killer"). Also taking effect are increases to personal income tax rates, taxes on insurance premiums, insurance companies tax increase, Liberal Levy, and increases to hundreds of fees. This follows the June 1 tax increases on gasoline, diesel products and aviation fuel which will have a trickle-down price increase to food, transportation, tourism, and every aspect of our economic and social fabric.

 

 

 

Hutchings said, “The Liberals' actions in just seven months will destabilize a slowing economy, shrink our population, and make it more difficult for families, youth, seniors, businesses and communities to live, survive and grow in Newfoundland and Labrador. People are feeling the financial pressure due to the Liberals' lazy efforts and choices to simply raise taxes and fees to address the budget challenges and burden the people of our province to the detriment of the economy. The Liberals have attempted to replace some of the lost oil revenues by taxing the people of our province. After only seven months, it is clear the Liberal administration never had a plan."

 

 

 

“Liberal choices will smother the economy, halt spending and erode business confidence, making it more difficult for the economy to thrive. How is this the 'stronger tomorrow' that Premier Ball had promised? People deserve better,” added Hutchings.

 

-30-

 

 

 

Media Contact: Heather MacLean, Director of Communications, Office of the Official Opposition

 

(709) 729 6105, heathermaclean@gov.nl.ca

 

Background

 

A list of Liberal Budget July 1 increases is noted below.

 

FEES

 

Advanced Education and Skills

 

 

 

New institution registration

 

2015-2016 Fee $1,000

 

2016-2017 Fee $2,000

 

Review/Approval of new programs

 

2015-2016 Fee $100

 

2016-2017 Fee $250

 

Annual active program registration fee (per campus)

 

2015-2016 Fee $100

 

2016-2017 Fee $200

 

Registration of proprietary curriculum to additional campus

 

2015-2016 Fee $100

 

2016-2017 Fee $200

 

Substantive / Non-substantive program change requests

 

2015-2016 Fee $25

 

2016-2017 Fee $100/$50

 

New instructor approval Fees

 

2015-2016 Fee $0

 

2016-2017 Fee $100

 

Annual instructor registration fee

 

2015-2016 Fee $0

 

2016-2017 Fee $25

 

Site inspections

 

2015-2016 Fee $300

 

2016-2017 Fee $450

 

Late fees (various non-compliance)

 

2015-2016 Fee $0

 

2016-2017 Fee $100

 

Retrieval of transcripts from closed private training institutions in less than 10 business days

 

2015-2016 Fee $0

 

2016-2017 Fee $30

 

ABE transcript retrieval fees from closed ABE institutions

 

2015-2016 Fee $0

 

2016-2017 Fee $30

 

Initial ABE site registration for new for-profit providers

 

2015-2016 Fee $0

 

2016-2017 Fee $2000

 

Annual institution registration per ABE locale (site compliance)

 

2015-2016 Fee $0

 

2016-2017 Fee $1000

 

 

 

Business, Tourism, Culture and Rural Development

 

The Rooms

 

2015-2016 Fee - Free Admission on all Wednesday evenings, and Free admission on first Saturday of each month.

 

2016-2017 Fee - Free admission one Wednesday evening per month (effective July 2) and Free admission on Saturdays eliminated.

 

Environment and Conservation

 

Permit to alter a body of water

 

2015-2016 Fee $100 to $2,000

 

2016-2017 Fee $200 to $4,000

 

Permit for development activity in a public/wellhead Protected Water Supply Area

 

2015-2016 Fee $150

 

2016-2017 Fee $300 to $1,000

 

Permit to construct or operate

 

2015-2016 Fee $400 to $2,000

 

2016-2017 Fee $800 to $4,000

 

Water use License (fees vary)

 

2015-2016 Fee $200 to $20,000

 

2016-2017 Fee $400 to $40,000

 

Permit for construction of a non-domestic well

 

2015-2016 Fee $200

 

2016-2017 Fee $400

 

Well Driller’s License

 

2015-2016 Fee $200

 

2016-2017 Fee $400

 

 

 

TAXES

 

 

 

Revenue Actions – Effective July 1, 2016

 

Personal Income Tax:

 

1st Bracket: $0 - $35,148

 

Current 7.7%

 

2016 8.2%

 

2017 8.7%

 

2nd Bracket: $35,149 - $70,295

 

Current 12.5%

 

2016 13.5%

 

2017 14.5%

 

3rd Bracket: $70,296 - $125,500

 

Current 13.3%

 

2016 14.55%

 

2017 15.8%

 

4th Bracket: $125,501 - $175,700

 

Current 14.3%

 

2016 15.8%

 

2017 17.3%

 

5th Bracket: Over $175,700

 

Current 15.3%

 

2016 16.8%

 

2017 18.3%

 

 

 

Harmonized Sales Tax (HST)

 

Increased by 2% to 15% total

 

Retail Sales Tax

 

15% will be charged on property and casualty insurance policies entered into or renewed after July 1, 2016.

 

Retail Sales Tax on used vehicles will increase by 1% to 15%.

 

Insurance Companies Tax

 

will increase from 4% to 5% on July 1, 2016.

 

Levy

 

The levy will come into effect July 1, 2016.

 

Detailed Chart: http://www.releases.gov.nl.ca/releases/2016/exec/samples_deficit_reducti...

 

© 2018 - PC Party Newfoundland and Labrador