What Other Kinds of Taxes Do I Have to Pay?: Difference between revisions
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What Other Kinds of Taxes Do I Have to Pay? (view source)
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{{Paying Taxes in BC TOC}} | {{Paying Taxes in BC TOC}} | ||
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==What is Harmonized Sales Tax?== | ==What is Harmonized Sales Tax?== | ||
Harmonized sales tax, also referred to as ''HST'', consists of a federal sales tax (5%) and a provincial sales tax (7%). It is called a harmonized tax because it combines the two taxes. On April 1 2013, British Columbia abandoned the HST and reverted to the GST/PST system, which consists of the federal Goods and Services Tax (GST) of 5% and the provincial sales tax of 7%. | |||
You pay the GST/PST on most things you buy or use. They include clothing, furniture, restaurant meals, phones, taxis, etc. There are a few exceptions. For example, there is no GST/HST on groceries, rent, and public transit. '''[Note: This must be confirmed.)''' | |||
You pay the | |||
==What is property tax?== | ==What is property tax?== |