The Fraser Institute

The Fraser Institute

June 20, 2010 13:01 ET

Media Advisory: Fraser Institute to Release New Study on the HST's Impact on Average BC Family's Tax Bill and Tax Freedom Day

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 20, 2010) - A new study examining the effect of the harmonized sales tax (HST) on the tax bills of average BC families and on Tax Freedom Day in BC will be released Monday, June 21st by the Fraser Institute, Canada's leading public policy think tank.

The study, The Impact of the HST on British Columbia Families, measures how the HST will impact the total tax bills of families at various income levels.

Additionally, Fraser Institute researchers have used the Tax Freedom Day methodology to calculate when Tax Freedom Day would fall in 2011 for the average BC family under the current PST tax system compared to where it would fall under the HST tax system.

"The debate about the HST in BC has been filled with plenty of political rhetoric but a distinct shortage of facts. This study provides a clear and accurate measurement of the impact the HST will have on average British Columbians," said Niels Veldhuis, Fraser Institute senior economist and co-author of the report.

The complete study will be available at www.fraserinstitute.org Monday, June 21.

A news release with additional information about the study will be issued via Marketwire on Monday, June 21 at 6:00 a.m. Pacific.

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The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, and Montreal and ties to a global network of 75 think tanks. Its mission is to measure, study, and communicate the impact of competitive markets and government intervention on the welfare of individuals. To protect the Institute's independence, it does not accept grants from governments or contracts for research. Visit www.fraserinstitute.org.

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