The main purpose of taxation is to raise revenue for the services and income supports the community's needs.
Tax preparation includes federal, state, or local tax returns. Tax advisory service includes analyzing financial and tax problems, formulating solutions, and making recommendations designed to provide advice on taxation for clients ranging from individuals to businesses.
Canada's three levels of government — federal, provincial and territorial, and municipal — provide their citizens with a wealth of services and programs. Governments collect your tax dollars and return them in the form of education, free health care, roads and highways, and numerous other social benefits.
Both federal and provincial/territorial governments levy income taxes which, as the name implies, is a tax on your income. They also levy consumption taxes or sales taxes. In Canada, you will encounter the Goods and Services Tax (GST), provincial sales taxes, and, in some provinces, the Harmonized Sales Tax (HST).
Canada has two primary types of taxes:
The following are 3 Types of taxes
property taxes are regularly charged with the aid of nearby governments at the cost of land and homes.
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