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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, 25 March 2014→What is sales tax?
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==What is sales tax?== | ==What is sales tax?== | ||
You pay | You pay sales tax 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 sales tax on groceries, rent, and public transit. | ||
Sales tax consists of a federal sales tax (5%) and a provincial sales tax (7% on goods and services). (In 2013, British Columbia abandoned the harmonized sales tax, or HST, that combined the federal and provincial sales taxes into a single sales tax of 12%.) | Sales tax consists of a federal sales tax (5%) and a provincial sales tax (7% on goods and services). (In 2013, British Columbia abandoned the harmonized sales tax, or HST, that combined the federal and provincial sales taxes into a single sales tax of 12%.) |