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The goods and services tax is defined in law at Part IX of the Excise Tax Act.GST is levied on supplies of goods or services purchased in Canada and includes most products, except certain politically sensitive essentials such as groceries, residential rent, medical services, and services such as financial services.
The Tax Rate Extension Act of 1959 [17] provided for the termination of the tax on local telephone service on July 1, 1960. However, a series of one-year extensions [18] was subsequently enacted [19] each year until 1965, when the Excise Tax Reduction Act [20] became law. In 1965, Congress enacted comprehensive legislation which repealed many ...
Increase of Refundable Sales Tax Credit: the tax credits was increased from $70 to $100 per adult in 1989 and $140 in 1990; Increase of gasoline tax : The price of gasoline rose by 1 cent per litre. Increase in cigarettes excises : excise duties are increased by $0.01695 per cigarette; yielding $725 million in additional yearly revenues.
A basic issue in determining whether Internet access and Internet usage of various kinds is subject to sales tax, use tax, telecommunications tax, a combination of these taxes, or no taxes at all, is whether Internet access and usage is determined to be a "good" or a "service." If access to the Internet or usage is deemed a service, in general ...
The Parliament of Canada entered the field with the passage of the Business Profits War Tax Act, 1916 [17] (essentially a tax on larger businesses, chargeable on any accounting periods ending after 1914 and before 1918). [18] It was replaced in 1917 by the Income War Tax Act, 1917 [19] (covering personal and corporate income earned from 1917 ...
The Canadian International Trade Tribunal (CITT) is an independent quasi-judicial body operating in Canada's trade system. The administrative tribunal reports to Parliament through the Minister of Finance. The Tribunal was established on December 31, 1988, and is based in Ottawa, Ontario.
Taxpayer relief is governed by subsection 220(3.1) of the Income Tax Act and section 281.1 of the Excise Tax Act. It gives the CRA the discretion to cancel some penalties and interest, to pay a personal income tax refund after 3 years of the tax return being assessed, and to accept late-filed elections. [63]
on the date of enactment of the Telecommunications Act of 1996, provided telephone exchange service on the date of enactment, was deemed to be a member of the National Exchange Carrier Association pursuant to the Code of Federal Regulations (C.F.R) Title 47 , section 69.601(b).