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The HST is in effect in Ontario, New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island. Every province except Alberta has implemented either a provincial sales tax or the Harmonized Sales Tax. The federal GST rate is 5 percent, effective January 1, 2008.
The RBC said in April 2019, that the Ford government's debt target is soft, aiming to reduce the net debt-to-GDP ratio to "less than the inherited 40.8%" in the early years to "38.6% by 2023-2024." [20] By 2019, the Ontario Chamber of Commerce reported that Ontario's debt was over $348 billion—representing about 41% of provincial GDP of ...
It would raise their "bottom line, while forcing Ontario's minority Liberal government to find the difference ahead of a budget that [had] the potential of triggering a provincial election." [16] In 2013–2014, Ontario's per capita payments were the lowest at $230.20. [7] As of 2019–2020 Ontario stopped receiving equalization payments. [16]
In 2024, federal income tax rates remain at 10%, 12%, 22%, 24%, 32%, 35%, and 37%. While these rates stay the same for 2025, the income thresholds for each bracket will adjust for inflation.
This income is taxed at the shareholder's personal income tax rate, but a part of the tax is offset by a 10.5217% dividend tax credit (for 2017) [18] to reflect the federal tax paid at the corporate level. There are also provincial dividend tax credits at different rates in different provinces.
See today's average mortgage rates for a 30-year fixed mortgage, ... 2024. The fixed rate for a 15-year mortgage is 5.84%, down 12 basis points from last week's average 5.96%. These figures are ...
Both the federal and provincial governments impose excise taxes on inelastic goods such as cigarettes, gasoline, alcohol, and for vehicle air conditioners. Canada has some of the highest rates of taxes on cigarettes and alcohol in the world, constituting a substantial share of the retail total price of cigarettes and alcohol paid by consumers.
See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news. ... December 18, 2024: Fed cuts rates by ...