The Motley Fool Discussion Boards
Retirement Discussions / Retire Early Liberal Edition
|Subject: Re: End of the Health Care debate||Date: 6/8/2009 7:09 PM|
|Author: tecmo||Number: 19320 of 56803|
Now, how much again is that Canadian VAT? 15-19% depending upon which provence.
Canadian goods and services tax is 5% at the Federal Level (it was recently reduced from 7%). Provincial sales tax (which isn't on services typically) ranges from 0% in Alberta to 8% in Ontario (the largest province). So the combined tax is 5% in Alberta and 13% in Ontario.
- The federal government issues GST "credits" to low income earners so they don't pay the full load.
- The GST is exempt on a large number of goods; including most basic household items (groceries, etc..)
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|