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The former British Columbia Provincial Sales Tax (BC PST) was introduced on 1 July 1948 as part of the Social Service Tax Act. [1] It was initially set at 3%, [2] but later rose to 7%. The PST was collected on most goods and some services. The main difference between the national Goods and Services Tax (GST) and the BC PST was its taxable base ...
Legislation. Under the Constitution Act, 1867, taxation powers are vested in the Parliament of Canada under s. 91 (3) for: 3. The raising of Money by any Mode or System of Taxation. The provincial legislatures have a more restricted authority under ss. 92 (2) and 92 (9) for: 2. Direct Taxation within the Province in order to the raising of a ...
Map of the world showing national-level sales tax / VAT rates as of October 2019. Additional local taxes may apply. [citation needed]A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
Google Search uses algorithms to analyze and rank websites based on their relevance to the search query. It is the most popular search engine worldwide. As of 2020, Google Search has a 92% share of the global search engine market. [3] By 2012, it handled more than 3.5 billion searches per day. [4] Google Search is the most-visited website in ...
On November 1, 2013, Amazon began collecting the states' 6.25% sales tax for Massachusetts residents. The collection only applies to purchases made on Amazon and not to third-party sellers through Amazon. Amazon is now collecting sales taxes primarily because it now has a physical presence in Massachusetts.
The economy of Canada is a highly developed mixed economy, [34] [35] [36] with the world's tenth-largest economy as of 2023, and a nominal GDP of approximately US$ 2.117 trillion. [6] Canada is one of the world's largest trading nations, with a highly globalized economy. [37]
American retail corporation Walmart has been the world's largest company by revenue since 2014. [1] The list is limited to the largest 50 companies, all of which have annual revenues exceeding US$130 billion. This list is incomplete, as not all companies disclose their information to the media and/or general public. [3]
In 2000, Statistics Canada began to use the post-tax LICO rates for the first time, as well as the "pre-tax" rates. After-tax LICO rates going back to 1986, were retroactively calculated. [44] As of 2011, 8.8% of Canadians are in a family whose income is below the after-tax low-income cut-off.
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