HST across Canada and Impacts to Alberta

Will Calgary's skyline getting better? Will Calgarians lose all those damn parking lots all over downtown?

It just might: Alberta is the only province without HST and financial services companies are not eligible for any HST tax credits. Think of the iconic buildings in Toronto, they are all home to the financial services industry.



Will we see an explosion of banking, insurance, pension fund management in Calgary and Edmonton because all of these companies in Toronto will see an 8% increase in costs?


We'll have to see how this plays out. Increased costs vs Being in close proximity with the best in your industry and your suppliers.

I can understand Ontario's position, Toronto is the hub of the Canadian financial world but their bread and butter is manufacturing (which will benefit the most from HST)