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15 The HST was increased two points to 10% with an overall tax of 15% on July 1, 2016. [6] Newfoundland and Labrador: HST: 10 15 The HST was increased two points to 10% with an overall tax of 15% on July 1, 2016. [7] Northwest Territories: GST: 0: 5 Nova Scotia: HST: 10: 15 [8] Rates were meant to be reduced to 14 and 13% on July 1, 2014 and ...
A tax-free savings account ( TFSA, French: Compte d'épargne libre d'impôt, CELI) is an account available in Canada that provides tax benefits for saving. Investment income, including capital gains and dividends, earned in a TFSA is not taxed in most cases, even when withdrawn. Contributions to a TFSA are not deductible for income tax purposes ...
Religion in Canada encompasses a wide range of beliefs and customs that historically has been dominated by Christianity. [ 4][ 5] The constitution of Canada refers to God', however Canada has no official church and the government is officially committed to religious pluralism. [ 6] Freedom of religion in Canada is a constitutionally protected ...
Poverty in Canada. Poverty in Canada refers to the state or condition in which a person or household lacks essential resources—financial or otherwise—to maintain a modest standard of living in their community. Researchers and governments have used different metrics to measure poverty in Canada including Low-Income Cut-Off (LICO), Low Income ...
The 2020 General Social Survey revealed that 92% of adult Canadians said that "[ethnic] diversity is a Canadian value". [15] About 25% of Canadians were "racialized"; [2] By 2021, 23% of the Canadian population were immigrants—the "largest proportion since Confederation", according to Statistics Canada.
A formal system of equalization payments was first introduced in 1957. [7] [ Notes 1]. The original program had the goal of giving each province the same per-capita revenue as the two wealthiest provinces, Ontario and British Columbia, in three tax bases: personal income taxes, corporate income taxes and succession duties (inheritance taxes).