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Taxes

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Guest Prosis

Taxes are due at the end of the month. This raised a question. I would like each province to answer these:

 

1-When taxes are taken from your paycheck, are there Provincial and Federal taxes

2-When you buy something, do you pay a Federal and Provincial tax?

3-When you buy a licence plate, how much does it cost and does it depend on the number of cylinders and whatnot?

4-When you do your tax report, do you have to do one for the Federal Government and one for the Provincial Government?

 

Thank you! ;)

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hey hey, here are my answers to your question, and i am in Ottawa Ontario

 

1. Federal Tax, CPP and E.I.

2. yes, i pay 8% for P.S.T. and 5% for G.S.T.

3. don't have a car, so i couldn't tell you.

4. Just a Federal tax return.

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1. Federal Income Tax

2. not everything is taxable, but in BC the pst is 7% and GST is 5%

3. Insurance rates in BC are based on a number of variables; cylinders (power), manufacturer, theft rate, your driving record, vehicle type. license plate fees are the same cost across the board.

4. all revenue and tax services are done through a federal branch, so you only need to report to one agency (CRA).

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