As a domain expert in the field of taxation, I can provide a comprehensive overview of the various taxes that are levied in Canada. It's important to note that the tax system in Canada is quite complex and can vary by province and territory. Here's a detailed look at the major types of taxes you may encounter:


1. Income Tax: This is a tax levied on an individual's or corporation's income. It is administered by the Canada Revenue Agency (CRA) and is collected at both the federal and provincial levels. The rates and brackets for income tax can differ between provinces.


2. Payroll Taxes: Employers are required to make certain deductions from their employees' wages, such as Canada Pension Plan (CPP) contributions and Employment Insurance (EI) premiums.

3. **Goods and Services Tax (GST) / Harmonized Sales Tax (HST)**: As you mentioned, the HST is a combination of the federal GST and the provincial sales tax (PST). The rate of HST varies by province. For example, in Ontario, the HST is 13%, with 8% going to the provincial government and 5% to the federal government. Other provinces may have a separate GST and PST or a different rate.


4. Provincial Sales Tax (PST): In provinces where there is no HST, a PST is applied to certain goods and services. The rate and the types of items it applies to can vary.


5. Property Tax: This is a tax based on the value of real estate that you own. It is levied by municipal governments.


6. Capital Gains Tax: When you sell an asset, such as stocks or a house, and make a profit, you may be subject to capital gains tax.

7.
Corporate Tax: Businesses are taxed on their profits. The rate can vary depending on the size and type of business.

8.
Excise Tax: This is a tax on specific goods such as alcohol, tobacco, and fuel. It is a federal tax.

9.
Carbon Tax: Some provinces have implemented a carbon tax to encourage reductions in greenhouse gas emissions.

10.
Import/Export Taxes: Duties and taxes may apply to goods that are imported or exported.

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1. Social Program Fees: Certain programs, like healthcare and education, may have associated fees.

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2. Estate and Inheritance Taxes: While Canada does not have a federal estate or inheritance tax, some provinces may have taxes that apply to estates.

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3. Other Taxes: There are various other taxes and levies that may apply depending on the situation, such as taxes on vehicles, environmental taxes, and more.

It's crucial to consult with a tax professional or the CRA for the most accurate and up-to-date information regarding your specific tax obligations.

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Sales Tax. In Ontario, there is a Harmonized Sales Tax (HST) of 13%. Usually, HST is added at the cash register so the amount on the price tag may not be the final price. 8% of the HST goes to the provincial government and 5% goes to the federal government.Mar 29, 2016read more >>