Category: Science

What type of tax is estate?
science
What type of tax is estate?

The estate tax is a financial levy on an estate, based on the current value of its assets. Federal estate taxes are levied on assets in excess of $11.4 mi...

What does ex GST mean?
science
What does ex GST mean?

After registration, you must charge GST at the current rate of 10% when supplying goods or services that are subject to this tax. So, if the value of your...

How do taxes affect you?
science
How do taxes affect you?

By influencing incentives, taxes can affect both supply and demand factors. Reducing marginal tax rates on wages and salaries, for example, can induce peo...

Is GST an input tax credit?
science
Is GST an input tax credit?

As a GST/HST registrant, you recover the GST/HST paid or payable on purchases and expenses related to your commercial activities by claiming input tax cre...