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  2. Sales taxes in Canada - Wikipedia

    en.wikipedia.org/wiki/Sales_taxes_in_Canada

    There is a 5% tax on lodging and 5% tax on hotel room fees. New Brunswick: HST: 10: 15 The HST was increased two points to 10% with an overall tax of 15% on July 1, 2016. [6] Newfoundland and Labrador: HST: 10 15 The HST was increased two points to 10% with an overall tax of 15% on July 1, 2016. [7] Northwest Territories: GST: 0: 5 Nova Scotia ...

  3. Sales taxes in British Columbia - Wikipedia

    en.wikipedia.org/wiki/Sales_taxes_in_British...

    When a good or service is not subject to PST, a specific exemption in the legislation is not needed. Similar to the old PST, the following are not taxable under the new PST: the sales of real property such as residential housing or commercial real estate; admissions, registrations, and memberships; professional services (other than legal services); and transportation fares (e.g. bus, train ...

  4. Understanding Pre- and Post-Tax Deductions on Your Paycheck - AOL

    www.aol.com/finance/understanding-pre-post-tax...

    Pre-tax deductions also lower your state and federal unemployment dues. Post-tax deductions, on the other hand, are payroll deductions taken from an employee’s check after taxes have already ...

  5. Harmonized sales tax - Wikipedia

    en.wikipedia.org/wiki/Harmonized_Sales_Tax

    In 1996, three of the four Atlantic provinces—New Brunswick, Newfoundland and Labrador, and Nova Scotia—entered into an agreement with the Government of Canada to implement what was initially termed the "blended sales tax" (renamed to "harmonized sales tax") which would combine the 7% federal GST with the provincial sales taxes of those provinces; as part of this project, the PST portion ...

  6. The 6 Most Important Tax Deductions You Need to Claim - AOL

    www.aol.com/finance/6-most-important-tax...

    The maximum deduction you can claim for all state and local taxes, including real estate and personal property tax, income tax and sales tax, is $10,000 — $5,000 if you’re married and filing ...

  7. Here's why it's such a headache to do your taxes (Hint: It's ...

    www.aol.com/finance/heres-why-headache-taxes...

    Just look at the cap on the sales and local taxes deduction, or SALT, under the Tax Cuts and Jobs Act in 2017. Politicians representing states with high property taxes, whose residents got the ...

  8. Internal Revenue Code section 162 (a) - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    It is one of the most important provisions in the Code, because it is the most widely used authority for deductions. [1] If an expense is not deductible, then Congress considers the cost to be a consumption expense. Section 162(a) requires six different elements in order to claim a deduction. It must be an 1) ordinary 2) and necessary 3) expense

  9. Are Health Insurance Premiums Tax Deductible? - AOL

    www.aol.com/finance/health-insurance-premiums...

    Your medical premium tax deductions are limited based on your insurance type, too. While you can typically deduct health insurance premiums, other types of related insurance, like disability ...

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