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What happened with the Canadian Cents after 2012?
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<p>[QUOTE="Jim Dale, post: 7851795, member: 100459"]We have a 7% sales tax now. If I buy something for a dollar, stores will have to add 7 cents to the price, which will now be $1.07. Will the public expect to pay up $1.10, there for losing 3 cents on every dollar purchased? Will the taxing agency, stores, or the public expected to lose the 3 cents? I know it's redundant, After the cent/penny is taken off the market, will the nickel, and then the dime be also taken off the market. I believe that those changes allow the store or government dig into our pockets. It will cause a 3% increase of goods. If stores raise the cost of commodities or service to the nickel, and then when they learn they can get it for the nickel, will the dime be next, or will Big Government come in and set prices so all prices are rounded up (or down, which it would never go down) so that all prices are set to the next nickel.[/QUOTE]</p><p><br /></p>
[QUOTE="Jim Dale, post: 7851795, member: 100459"]We have a 7% sales tax now. If I buy something for a dollar, stores will have to add 7 cents to the price, which will now be $1.07. Will the public expect to pay up $1.10, there for losing 3 cents on every dollar purchased? Will the taxing agency, stores, or the public expected to lose the 3 cents? I know it's redundant, After the cent/penny is taken off the market, will the nickel, and then the dime be also taken off the market. I believe that those changes allow the store or government dig into our pockets. It will cause a 3% increase of goods. If stores raise the cost of commodities or service to the nickel, and then when they learn they can get it for the nickel, will the dime be next, or will Big Government come in and set prices so all prices are rounded up (or down, which it would never go down) so that all prices are set to the next nickel.[/QUOTE]
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