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Rates were meant to be reduced to 14 and 13% on July 1, 2014 and July 1, 2015 respectively. However, the government has stated that the province cannot afford reductions. [9] Nunavut: GST: 0: 5 Ontario: HST: 8: 13 Prince Edward Island: HST: 10: 15 [10] The HST was increased one point to 15% on October 1, 2016. [1] Quebec: GST + QST: 9.975 [11 ...
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).
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 ...
The retailer charges the consumer ($1.50 × 1.10) = $1.65 and pays the government $0.15, leaving the gross margin of $0.30. So, the consumer pays 10% ($0.15) extra, compared to the no taxation scheme, and the government collects this amount. The retailers pay no tax directly, but the retailer has to do the tax-related paperwork.
The consumer who falls for the scheme ends up unable to get the actual tax refund that they're legitimately owed when the IRS freezes the refund as the problem involving the credits is addressed.
Scheme II (without deductions) + 12% of basic salary for epf or social security : 30% ₹ 1,000,001 & + Scheme I (with deductions) 30% ₹ 1,500,001 & + Scheme II (without deductions) + 12% of basic salary for epf or social security . 4% cess [clarification needed] and highest surcharge of 25% is applied on income tax. This makes the effective ...
President-elect Trump on Tuesday urged Republicans to be “smart and tough” in the face of potential Democratic efforts to delay the confirmation of his nominees. “We just won a Historic ...
Scammers are using AI-powered voice-cloning tools to prey on people. But experts say there's a simple way to protect you and your family.