Key Takeaways Province/Territory Tax Type GST (%) PST/HST (%) Total Rate (%) Alberta GST only 5 0 5 Yukon GST only 5 0 5 Northwest Territories GST only 5 0 5 Nunavut GST only 5 0 5 British Columbia GST + PST 5 7 12 Saskatchewan GST + PST 5 6 11 Manitoba GST +…
Key Takeaways 🔥 Check for extra standard deductions to expand your tax-free zone🔥 Know the difference: marginal vs. effective tax rates matter🔥 Use tax credits—they cut your bill more than deductions do🔥 Property tax rates vary—New Jersey 2.23%, Hawaii 0.27%🔥 Energy upgrades offer tax breaks and boost property value Understanding Key Figures in Your US…
Key Takeaways 🔥 Differentiate refundable vs. non-refundable tax credits🔥 Use CCA rates (4%-100%) for depreciation, not MACRS🔥 Account for provincial taxes—they impact total liability🔥 Claim Basic Personal Amount; it phases out after $173K🔥 Apply the half-year rule for first-year asset CCA Understanding Canadian Taxation: Key Elements for US Users Thinking about financial activities north of…