How much tax do people pay in Ontario, Canada, and what are the main types of taxes that affect residents?
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ibrahim
In Ontario, Canada, residents pay income tax based on progressive federal and provincial rates, ranging from 5.05% to 13.16%. They also pay a Harmonized Sales Tax (HST) of 13% on most goods and services. Property taxes vary by municipality and are based on the assessed value of the property.
In Ontario, Canada, residents pay various taxes including federal and provincial income taxes, sales tax, property tax, and other indirect taxes. Income tax rates vary based on income levels, with higher earners paying a higher percentage. The HST combines the federal Goods and Services Tax (GST) and the provincial sales tax into a single tax. Property taxes are levied by municipalities based on the assessed value of properties.
ibrahim
In Ontario, Canada, residents pay income tax based on progressive federal and provincial rates, ranging from 5.05% to 13.16%. They also pay a Harmonized Sales Tax (HST) of 13% on most goods and services. Property taxes vary by municipality and are based on the assessed value of the property.
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anisha
In Ontario, Canada, residents pay various taxes including federal and provincial income taxes, sales tax, property tax, and other indirect taxes. Income tax rates vary based on income levels, with higher earners paying a higher percentage. The HST combines the federal Goods and Services Tax (GST) and the provincial sales tax into a single tax. Property taxes are levied by municipalities based on the assessed value of properties.
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