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In spite of all the articles claiming HST will add 8% to MERs, I don't think anyone really knows what the exact amount will be, other than the corporate accountants, and they are keping their cards close to their vests. The HST is not charged on everything that makes up the MER; (but I challenge you to try and find out how much GST they are paying now from their published accounts); and the companies will be paying lower corporate taxes, reducing their overhead costs. It will take some forensic accountants to figure out just what the net change is after the full HST comes into effect. (And I don't remember anyone writing stories that "MERs will come down 2%" when the GST was cut from 7% to 5%.)
 
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