Posted by Molly on Wednesday, February 20, 2013 at 9:41pm.
right now tax is .12(50000) = 6000
PST= .07(50000) = 3500
GST = .06(50000) = 3000
new tax is 6500
so savings is 6500-600 = 500
What I had suggested in the earlier post is to simply take the difference in the percents
12% vs (6+7)%
that difference is 1%
and 1% of 50000 = 500
Canadian , eh?
my answer is wrong, I did not read the question carefully enough
after april they are charged only the GST
which is .06(50000) = 3000
so they would save $3000
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