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The cost of the federal tax break for small businesses [Video]

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Starting a Business

Tom Fincher is all for a tax break for consumers but implementing the GST tax break announced by the federal government last week at his till will be easier said than done.

“We think it’s going to be challenging – we’ll do it, but, this is being downloaded on us in a hurry, at the busiest time of the year, and that’s a real concern,” said Fincher, the owner of Fincher’s in Goderich Ont., a well-known gift shop in the shoreline town.

Fincher said simply changing over cash registers and point of sale machines to charge the GST or HST on some items and not others will cost small businesses money.

“We had a quote yesterday at $160 an hour – and this company is reputable, and that’s what it’s going to cost if we want to update our equipment, and change it over. Now, we’ve come up with a …

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