As this article explains the HST will hurt investors and their nest eggs:
We're talking multi-billions here. Why hasn't the issue been better publicized?
... For a long-term investor, it will be the difference between an Audi and a Taurus, or golfing in Florida versus watching the Battle of the Blades on CBC.
... There are compelling arguments and precedent for not further taxing Canadian's retirement capital, but unfortunately they've fallen on deaf ears because of bad timing and the wrong messenger.
... The timing relates to budget deficits. .... the response from a higher authority has been clear and consistent: “This is going to happen because we need the money. Focus on implementation and we'll talk about the inequities later.” Recessions are a bad time for rational arguments and good policy.
... the Investment Funds Institute of Canada (IFIC) [has] done a good job of laying out the arguments why the HST is bad for Canadian investors. But IFIC is an organization whose membership is made up of too many firms that charge world-leading fees, and have been reluctant to share the benefits of their scale with clients. IFIC's association with Bay Street's fat cats has hurt its credibility when arguing against HST....