Difference between revisions of "What Are Taxes?"

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(Created page with "{{Paying Taxes in British Columbia TOC}} Everyone who lives in Canada pays taxes to all three levels of government: * Federal government * Provincial government * Municipal ...")
 
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{{Paying Taxes in British Columbia TOC}}
'''''Paying Taxes in BC''''' from [[People's Law School]] has been replaced by [https://www.peopleslawschool.ca/publications/essentials-money-debt/ ''Essentials of Money & Debt'']. This new title covers income tax as well as other aspects of managing your finances and dealing with debt-related problems.
 
Everyone who lives in Canada pays taxes to all three levels of government:
 
* Federal government
* Provincial government
* Municipal (city or town) government
 
Taxes pay for many services that everyone in Canada uses. For example:
 
* medical care
* police
* schools
* universities
* defence
* roads
* bridges
* parks
* swimming pools
* community centres
 
There are different kinds of taxes in British Columbia. The main taxes to know about are:
 
* Income tax
* Sales tax - also known as harmonized sales tax or HST
* Property tax
* Duty – a tax you pay when you bring goods into Canada
* Consumer taxes
 
{{REVIEWED | reviewer = [[People's Law School]], 2014}}
 
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Latest revision as of 16:09, 5 May 2021

Paying Taxes in BC from People's Law School has been replaced by Essentials of Money & Debt. This new title covers income tax as well as other aspects of managing your finances and dealing with debt-related problems.

In law, a document demonstrating ownership of a thing. See "ownership."

A sum of money or an obligation owed by one person to another. A "debtor" is a person responsible for paying a debt; a "creditor" is the person to whom the debt is owed.

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