Difference between revisions of "What Are Taxes?"

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{{Paying Taxes in BC TOC}}
'''''Paying Taxes in BC''''' from [[People's Law School]] has been replaced by [https://www.peopleslawschool.ca/publications/essentials-money-debt/ ''Essentials of Money & Debt'']. This new title covers income tax as well as other aspects of managing your finances and dealing with debt-related problems.
Everyone who lives in Canada pays ''taxes'' to all three levels of government:
* federal government,
* provincial government, and
* municipal (city or town) government.
 
Taxes pay for many services that everyone in Canada uses. For example:
* medical care,
* police,
* schools,
* universities,
* <span class="noglossary">defence</span>,
* roads,
* bridges,
* parks,
* swimming pools, and
* community centres.
 
There are different kinds of taxes in British Columbia. The main taxes to know about are:
* income tax,
* sales tax,
* <span class="noglossary">property</span> tax,
* <span class="noglossary">duty</span>, a tax you pay when you bring goods into Canada, and
* consumer taxes.
 
{{REVIEWED | reviewer = [[People's Law School]], 2014}}
 
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Latest revision as of 16:09, 5 May 2021

Paying Taxes in BC from People's Law School has been replaced by Essentials of Money & Debt. This new title covers income tax as well as other aspects of managing your finances and dealing with debt-related problems.

In law, a document demonstrating ownership of a thing. See "ownership."

A sum of money or an obligation owed by one person to another. A "debtor" is a person responsible for paying a debt; a "creditor" is the person to whom the debt is owed.

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