Michigan LCO's

Discussion in 'Network: Central' started by tiedeman, Sep 4, 2003.

  1. lawnboy

    lawnboy LawnSite Senior Member
    Posts: 321

    My solution is that they should tax groceries. It would be a lot easier.
     
  2. Freshcut Lawn Care

    Freshcut Lawn Care LawnSite Senior Member
    Posts: 393

    Hi Guys, :usflag:

    Just to let you know what is charged in Canada.

    We do have to charge GST (Goods & Services Tax) which is 6%, on all of our services. This is a federal tax charged all across the country!

    This is considered to be revenue neutral for business owners!

    We (contractors) also pay the GST when we purchase goods or services.

    On most hard goods, we also pay a Provincial Sales Tax (PST) in most provinces, just like your Michigan State sales tax. Ontario's PST is 8%!

    So if you purchase a Mower in Ontario from a dealer for $5000.00, you would pay the GST (6%) which works out to be $300, plus you would pay the PST (8%) which would be $400.00.

    You end up paying $5000.00 + $300 GST + $400 PST = $ 5700.00.

    If you buy privately (used) you pay only the price of the mower!

    Let get back to what we offer. We like most of you guys offer mainly services and thus, we only charge the GST to our customers.

    So when we cut the grass for say $30; we have to add the 6% which would be $1.80. We do not charge the PST, as we are only offering a service and most of the stuff we do is considered a service. Total fee = $31.80.

    Now to further explain how the GST impacts us! We report every 3 months (quarterly) to the government.

    Lets say that we collect $ 1500.00 in GST charges from our customers for the quarter. We get to deduct any GST we pay for our goods or services, which are related to our business. Let's assume we pay $1150 in GST for the period of time.

    Collected from customers $1500 - $1150 (we paid for business expenses). We owe the government $350.00.

    I write off the PST (as an expense) at the end of the year!

    Don't panic here guys! If this is applied across the board for everyone living in Michigan, people won't like it, but will still pay and not hold it against you folks!

    Hope this helps!

    Your Canadian buddy!: canadaflag:

    Gerry
     
  3. MStine315

    MStine315 LawnSite Senior Member
    Posts: 789

    Man, don't get the mowers out yet, guys! Yikes, hope I didn't jinx it...

    AS FAR AS TUESDAY-WEDNESDAY GOES...LATEST FORECAST GUIDANCE INDICATES
    A LOW PRESSURE SYSTEM TRACKING FARTHER NORTH...THROUGH THE EASTERN
    OHIO VALLEY TUESDAY NIGHT. AS A RESULT...SNOW WILL LIKELY
    OVERSPREADING MUCH OF SOUTHEAST MICHIGAN BY TUESDAY AFTERNOON AND
    CONTINUE TUESDAY NIGHT. ACCUMULATING SNOW IS ANTICIPATED...WITH
    THE POTENTIAL OF 6 INCHES OR MORE...MAINLY SOUTH OF M-59.
    STAY TUNED TO UPDATED FORECASTS FOR INFORMATION ABOUT THIS
    DEVELOPING SYSTEM.
     
  4. Freshcut Lawn Care

    Freshcut Lawn Care LawnSite Senior Member
    Posts: 393

    Just another point.

    Since the Federal Government started this program about 10 years ago (I don't remember exactly), Canada now runs a Budget Surplus (go figure 'eh)!

    We are now paying down our national debt ,which is a good thing. Obviously it is much smaller than your National debt due to the fact your population is 10x our size!

    This will help Michigan in some ways, but some will argue that it will hurt your economy. I know the Michigan economy is having a difficult time right now, as a lot of your seconday industry, in closely related to the Auto Industry.

    We all know the problems the Big 3 are having! This impacts our auto plants as well. We we build the Big 3 autos here too guys!

    I do get all the Detroit channels, so I am quite aware of Michigan's economic whoos!

    Let's hope that they will rebound and give Toyota and Nissan a run for their money!!!

    I do try my best to support your economy (as well as our own) as I have purchased a lot of stuff in Michigan (and even OHIO). I just pay the taxes at the border, when I come back to Canada.

    This Pass Port BullS&%t. will hurt both economies!!! :hammerhead:

    Thanks to George W and his battle on terrorism.

    Sorry guys, don't mean to get political, but this guy has done more harm for both of our economies.

    Just look what has happened to Oil and Fuel Prices!!! At least George W and Cheney and their Haliburton cronies will get rich, off of all our backs! :cry:
     
  5. Freshcut Lawn Care

    Freshcut Lawn Care LawnSite Senior Member
    Posts: 393

    BTW...The GST was just reduced in July from 7% to the 6% by the Progressive Coservatives who beat out the Liberal Party a few months earlier on this election promise, as the government was rolling in the doe! Another reduction down to 5% is expected to be announced in the next year or two I believe!

    That's all for now guys!

    Take Care!
     
  6. branhamt

    branhamt LawnSite Member
    Posts: 44

    Sinsere, I would be interested depending on the location.

    Tom
     
  7. grant087

    grant087 LawnSite Member
    Posts: 184

    so is everyone ready for the snow coming our way?
     
  8. procut

    procut LawnSite Bronze Member
    Posts: 1,853

    You know it. :weightlifter: Up where I am it only looks like about 4" max.
     
  9. smarino21

    smarino21 LawnSite Senior Member
    Posts: 345

    who knows how much it always says 5-8" then we get 2" i like waiting till it falls to talk about it lol,
     
  10. Mower For Less

    Mower For Less LawnSite Senior Member
    Posts: 823

    Am I the only one who went to bed last night and had sensations of being in a moving plow truck while trying to fall asleep??? :dizzy:
     

Share This Page