Mass Spectrometry. 1. In order to measure the characteristics of individual molecules, a mass spectrometer converts them to ions so that they can be moved about and manipulated by external electric and magnetic fields. The three essential functions of a mass spectrometer, and the associated components, are:
As the tax is set at a fixed amount, insurance companies will be forced to pass the tax on to consumers in the form of higher premiums. This paper estimates the impact of this tax on individuals or, the share of the tax that will be (implicitly) paid by the average insured individual affected by it.
While there are many tax and fee changes, all of which impact the economy, of direct interest to consumers is the increase of 2% on the HST. Insurance policies are not subject to HST, but the cost of claims paid are subject to HST by suppliers. (ie costs to repair cars, fix damage to homes etc;). This may increase the amount paid to settle claims. Insurance premiums are a reflection of the cost of claims. The increase on the HST will increase the cost of many insurance claims by 2%. (Businesses registered for HST may be able to claim the HST on claims as an input tax credit.) This may impact insurance premiums down the road since insurance premiums are driven by claims costs.