Difference between revisions of "What Other Kinds of Taxes Do I Have to Pay?"

What Other Kinds of Taxes Do I Have to Pay? (view source)

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 {{Law-Related ESL Badge
 |lessonname= Paying Taxes Lesson Module}}
-==What is Harmonized Sales Tax?==
+==What is 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%.
+Sales tax consists of a federal sales tax (5%) and a provincial sales tax (7%). (On April 1, 2013, British Columbia abandoned the harmonized sales tax of 12%, or HST, and reverted to the federal/provincial sales taxes of 5% and 7% respectively.)
-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 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.
 ==What is property tax?==