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AMT in Canada?
Yes, Canada does have an Alternative Minimum Tax.
What services does the federal government of Canada provide?
Personal income and consumption taxes. Canada has one of the lowest if not the lowest corporate income tax in the G7 countries. Personal income tax is the largest contributor to Federal governments annual revenue.
Did Canada pay the debt from WW1?
Canada's war effort was funded by victory bonds. Canadians invested in these bonds to support the soldiers, then they would receive the original money invested in the bonds and however much interest was collected over the period of time when the war was won. The Canadian Government also introduced income tax, which was originally intended for a temporary purpose. Financially stable individuals and families paid 3% income tax on their income. Businesses paid a 4% tax on their business profits. Canada also borrowed huge sums of money from other countries. Despite all of the money being poured into war efforts Canada was in national debt by almost $2 billion during the war.
Does Canada have a high tax rate?
Yes, like most countries, there are taxes in Canada.
Canada tax structure?
The Canadian tax structure is usually progressive. This means that the more money you earn, the higher the tax that you will pay.
How does the U.S. government get most of its money?
Through taxation. We pay taxes on income, things we buy and a certain amount included in the price of gasoline is also a tax.
Can back state tax be deducted?
When paid.
Are US companies in Canada subject to US corporate tax?
Yes, but they will get a credit for taxes paid to Canada.
Is there good software for tax in Canada?
There are a few tax software that will work in Canada for free, but most are paid. TurboTax Canada is a good site to download free Tax software, for it has easy to use instructions and simple actions.
Who paid for the Metrodome in Minneapolis?
The citizens and visitors of Minneapolis. The Minneapolis Metrodome was fincanced by a hotel and liquor tax in the city of Minneapolis. The tax was removed in the early 1990s, when the debt on the dome was paid off.
Can you get the tax back from buying a car in Canada?
nope
Can you pay your tax preparer with refund money?
My refund i paid my tax preparer came back to me why?
Are expenses paid for Life Line Screening a medical deduction on income tax return?
Not in Canada.
Is the interested paid on a back spousal support payment tax deductible?
Personal interest is not tax deductible
What legal action eliminated the poll tax?
The Poll Tax was abolished by the 24th Amendment to the U.S Constitution. The Poll Tax was a tax that citizens paid prior to voting. Often, the tax was used to prevent to the poor from voting, as they could not afford the tax.
How does the Canadian tax system work?
In Canada, the government collect money from individuals to help to pay for government programs and services, for instance schools are one which needs to be paid for, therefore it is paid for through tax.
Are there any free income tax software products available in Canada?
Yes, you can fid free income tax software that is for Canadian citizens and American citizens at http://turbotax.intuit.com/ or H & R block site can also help you.
