Search results
Results From The WOW.Com Content Network
It also collects corporate income taxes on behalf of all provinces and territories except Alberta. Canada's federal income tax system is administered by the Canada Revenue Agency (CRA). Canadian federal income taxes, both personal and corporate income taxes, are levied under the provisions of the Income Tax Act. [2]
The Senate of Canada (French: Sénat du Canada) is the upper house of the Parliament of Canada. Together with the Crown and the House of Commons, they compose the bicameral legislature of Canada. The Senate is modelled after the British House of Lords, with its members appointed by the governor general on the advice of the prime minister. [1]
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).
Canada's Senate on Tuesday adopted Prime Minister Justin Trudeau's government's budget bill, the final step in extending COVID-19 supports through the summer and ahead of a likely election in the ...
The Parliament of Canada entered the field with the passage of the Business Profits War Tax Act, 1916 [17] (essentially a tax on larger businesses, chargeable on any accounting periods ending after 1914 and before 1918). [18] It was replaced in 1917 by the Income War Tax Act, 1917 [19] (covering personal and corporate income earned from 1917 ...
The Canadian Senate chamber, within the Centre Block on Parliament Hill.. The Triple-E Senate (a mnemonic contrived acronym for equal, elected, and effective) is a proposed reform of the Canadian Senate, calling for senators to be elected to exercise effective powers in numbers equally representative of each province.
The goods and services tax [1] (GST; French: Taxe sur les produits et services) is a value added tax introduced in Canada on January 1, 1991, by the government of Prime Minister Brian Mulroney. The GST, which is administered by Canada Revenue Agency (CRA), replaced a previous hidden 13.5% manufacturers' sales tax (MST).
The Parliament of Canada is the legislative body of the government of Canada. The Parliament is composed of the House of Commons (lower house), the Senate (upper house), and the sovereign, represented by the governor general. Most major legislation originates from the House, as it is the only body that is directly elected.