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   What is the meaning of tax?

   • See also: Income Distribution; Municipal Finance; Customs and Excise ; Department of Finance; Fiscal Policy. Taxes are mandatory payments by individuals and corporations to government. They are levied to finance government services, redistribute income, and influence ...

   Taxation in Canada | The Canadian Encyclopedia

   www.thecanadianencyclopedia.ca/en/article/taxation

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   What is taxation?

   • Taxation refers to the act of levying or imposing a tax by a taxing authority. Taxes include income, capital gains, or estate.

   Taxation Defined, With Justifications and Types of Taxes - Investopedia

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   Are taxes a noun or verb?

   • Paying taxes to governments or officials has been a mainstay of civilization since ancient times. The term "taxation" applies to all types of mandatory levies, from income to capital gains to estate taxes. Though taxation can be a noun or verb, it is usually referred to as an act; the resulting revenue is usually called "taxes."

   Taxation Defined, With Justifications and Types of Taxes - Investopedia

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   What is taxation & how does it work?

   • Taxation, imposition of compulsory levies on individuals or entities by governments. Taxes are levied in almost every country of the world, primarily to raise revenue for government expenditures, although they serve other purposes as well. Learn more about taxation in this article.

   Taxation | Definition, Purpose, Importance, & Types | Britannica Money

   www.britannica.com/money/taxation

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2. www.investopedia.com › terms › tTaxes Definition: Types, Who Pays, and Why - Investopedia

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   May 23, 2024 · What Are Taxes? Taxes are mandatory contributions levied on individuals or corporations by a government entity—whether local, regional, or national. Tax revenues finance government activities,...

   • Author: David Gorton

3. www.wealthsimple.com › en-ca › learnCanadian Income Tax Explained | Wealthsimple

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   Jan 29, 2024 · There are taxes on consumption, such as sales tax, land transfer tax, liquor tax, gas tax, and custom tariffs on imported goods. Then there are taxes on assets, such as property taxes and car stickers. And finally, there’s a tax on income. Here’s what you need to know.

4. www.getsmarteraboutmoney.ca › learning-pathUnderstanding the tax deductions on your pay stub

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   Jul 5, 2024 · Required payroll deductions by law include income tax, contributions to Employment Insurance (EI) and contributions to the Canada Pension Plan (CPP). Your income will be taxed, depending on your level of income, but you do not pay federal income tax on the first $15,705 of your taxable income which is your federal basic personal amount.

5. www.khanacademy.org › college-careers-moreHow taxes work (article) | What are taxes? | Khan Academy

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   Which taxes do I pay? There are many different types of taxes that help fund various services and programs in our communities. Here's a quick look at some of the most common ones: Income taxes: These are taxes you pay on the money you earn from a job, a business, or investments.

   • Yes. Sales tax is a regressive tax.
   • Let's say that you earn $5000 per month. Your monthly paycheck will have a little over $1000 of that taken for your income tax. There will also be...
   • It doesn't work quite that way in the USA any more. Some decades ago, when people who earned millions a year had to pay higher rates in the top inc...

6. www.britannica.com › money › taxationTaxation | Definition, Purpose, Importance, & Types ...

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   Jun 28, 2024 · taxation, imposition of compulsory levies on individuals or entities by governments. Taxes are levied in almost every country of the world, primarily to raise revenue for government expenditures, although they serve other purposes as well.

7. www.thecanadianencyclopedia.ca › en › articleTaxation in Canada | The Canadian Encyclopedia

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   Jan 28, 2007 · Taxes are mandatory payments by individuals and corporations to government. They are levied to finance government services, redistribute income, and influence the behaviour of consumers and investors.

8. www.investopedia.com › terms › tTaxation Defined, With Justifications and Types of Taxes

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   Jun 30, 2024 · What Is Taxation? Taxation is a term for when a taxing authority, usually a government, levies or imposes a financial obligation on its citizens or residents. Paying taxes to...