Search results
Results from the WOW.Com Content Network
Residents in Ontario [1] (until July 1, 2010 when the HST takes effect, ending the previous PST rebate) and Quebec, [2] Canada can claim a rebate on the Provincial Retail Sales Tax of up to CA$2,000 on the purchase or lease of a hybrid vehicle, and Federal Transport Canada can claim a rebate of CA$1,500. [3]
In all provinces where the provincial sales tax is collected, the tax is imposed on the sale price without GST (in the past, in Quebec and in Prince Edward Island, PST was applied to the combined sum of sale price and GST). Of the provincial sales taxes, only the QST (and the HST) are value-added; the rest are cascading taxes.
Ontario committed to provide a refundable tax credit of up to $260 per adult or child in 2010–11 to low income people, [19] and British Columbia committed to provide a refundable tax credit of up to $230 per adult or child in 2010–11. [20] Federal and provincial tax credits are paid quarterly through the year.
For premium support please call: 800-290-4726 more ways to reach us
Until the 2009–2010 fiscal year, Ontario was the only province to have never received equalization payments; in 2009-2010 Ontario received 347 million dollars, [7] while Newfoundland, which has received payments since the program's creation, is now a so-called "have" province, and is now a net contributor and does not receive payments.
The temporary Home Renovation Tax Credit of up to $1,350 for eligible home renovations and alterations. An increase to the Home Buyers' Plan withdrawal limit to $25,000 from $20,000 to help Canadians buy a first home. A new First-Time Home Buyers' Tax Credit that will provide up to $750 in tax relief when purchasing a first home.
The goods and services tax [1] (GST; French: Taxe sur les produits et services) is a value added tax introduced in Canada on January 1, 1991, by the government of Prime Minister Brian Mulroney. The GST, which is administered by Canada Revenue Agency (CRA), replaced a previous hidden 13.5% manufacturers' sales tax (MST).
The Ministry of Revenue was the ministry in Ontario, Canada responsible for administering most of the province's major tax statutes as well as a number of tax credit, incentive and benefit programs. The ministry was also responsible for managing relationships, particularly with the Canada Revenue Agency , in their administration of provincial ...