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Tax deduction at source (TDS) is an Indian withholding tax that is a means of collecting tax on income, dividends, or asset sales by requiring the payer (or legal intermediary) to deduct tax due before paying the balance to the payee (and the tax to the revenue authority). Under the Indian Income Tax Act of 1961, income tax must be deducted at ...
Income taxes in Canada constitute the majority of the annual revenues of the Government of Canada, and of the governments of the Provinces of Canada. In the fiscal year ending March 31, 2018, the federal government collected just over three times more revenue from personal income taxes than it did from corporate income taxes. [1]
Goods and services tax ( GST )/ harmonized sales tax ( HST ), a value-added tax levied by the federal government. The GST applies nationally. The HST includes the provincial portion of the sales tax but is administered by the Canada Revenue Agency (CRA) and is applied under the same legislation as the GST. The HST is in effect in Ontario, New ...
In 2020, Yukon abandoned seasonal time change and moved to permanently observe year-round Mountain Standard Time (MST). [3] In the regions of Canada that use daylight saving time, it begins on the second Sunday of March at 2 a.m. and ends on the first Sunday in November at 2 a.m. As a result, daylight saving time lasts in Canada for a total of ...
The Legislative Assembly of Ontario ( OLA; French: Assemblée législative de l'Ontario) is the legislative chamber of the Canadian province of Ontario. Its elected members are known as Members of Provincial Parliament (MPPs). Bills passed by the Legislative Assembly are given royal assent by the lieutenant governor of Ontario to become law.
The history of Ontario covers the period from the arrival of Paleo-Indians thousands of years ago to the present day. The lands that make up present-day Ontario, the most populous province of Canada as of the early 21st century have been inhabited for millennia by groups of Aboriginal people, with French and British exploration and colonization commencing in the 17th century.
A formal system of equalization payments was first introduced in 1957. 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).
Toronto has been awarded the WNBA’s first franchise outside the United States, with the expansion team set to begin play in 2026. Larry Tanenbaum-led Kilmer Sports Ventures is paying $115 ...