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Sales Taxes In British Columbia
Consumption taxes have been levied in the Canadian province of British Columbia since the introduction of the Provincial Sales Tax (PST) on 1 July 1948, as part of the Social Service Tax Act. Sales in the province have also been subject to the federal Goods and Services Tax (GST) since its introduction on 1 January 1991. On 1 July 2010, the PST and GST were combined into the Harmonized Sales Tax (HST) levied according to the provisions of the GST. The conversion to HST was controversial; popular opposition led to a referendum on the tax system, the first such referendum in the Commonwealth of Nations, resulting in the province reverting to the former PST/GST model on 1 April 2013. The sales taxes levied in the province are the separate 7% PST and 5% GST, as of April 2013. Provincial Sales Tax (PST) The former British Columbia Provincial Sales Tax (PST) was introduced on 1 July 1948 as part of the Social Service Tax Act. It was initially set at 3%,BC Stats, "The Hotel Room T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumption Tax
A consumption tax is a tax levied on consumption spending on goods and services. The tax base of such a tax is the money spent on Consumption (economics), consumption. Consumption taxes are usually indirect, such as a sales tax or a value-added tax. However, a consumption tax can also be structured as a form of direct, personal taxation, such as the Hall–Rabushka flat tax. Types Value-added tax A value-added tax applies to the market value added to a product or material at each stage of its manufacture or distribution. For example, if a retailer buys a shirt for twenty dollars and sells it for thirty dollars, this tax would apply to the ten dollar difference between the two amounts. A simple value-added tax is proportional tax, proportional to consumption but is regressive tax, regressive on income at higher income levels, as consumption tends to fall as a percentage of income as income rises. Savings and investment are tax-deferred until they become consumption. A value-added t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greenhouse Gas Emissions
Greenhouse gas emissions from human activities strengthen the greenhouse effect, contributing to climate change. Most is carbon dioxide from burning fossil fuels: coal, oil, and natural gas. The largest emitters include coal in China and large oil and gas companies, many state-owned by OPEC and Russia. Human-caused emissions have increased atmospheric carbon dioxide by about 50% over pre-industrial levels. The growing levels of emissions have varied, but it was consistent among all greenhouse gases (GHG). Emissions in the 2010s averaged 56 billion tons a year, higher than ever before. Electricity generation and transport are major emitters; the largest single source, according to the United States Environmental Protection Agency, is transportation, accounting for 27% of all USA greenhouse gas emissions. Deforestation and other changes in land use also emit carbon dioxide and methane. The largest source of anthropogenic methane emissions is agriculture, closely followed by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taxation In Canada
Taxation in Canada is a prerogative shared between the federal government and the various provincial and territorial legislatures. Legislation Under the ''Constitution Act, 1867'', taxation powers are vested in the Parliament of Canada under s. 91(3) for: The provincial legislatures have a more restricted authority under ss. 92(2) and 92(9) for: In turn, the provincial legislatures have authorized municipal councils to levy specific types of direct tax, such as property tax. The powers of taxation are circumscribed by ss. 53 and 54 (both extended to the provinces by s. 90), and 125, which state: Nature of the taxation power in Canada Since the 1930 Supreme Court of Canada ruling in ''Lawson v. Interior Tree Fruit and Vegetables Committee of Direction'', taxation is held to consist of the following characteristics: :* it is enforceable by law; :* imposed under the authority of the legislature; :* levied by a public body; and :* intended for a public purpose. In order ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sales Taxes In Canada
In Canada, there are two types of sales taxes levied. These are : *Provincial sales taxes (PST), levied by the provinces. * 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 Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island. Every province except Alberta has implemented either a provincial sales tax or the Harmonized Sales Tax. The federal GST rate is 5 percent, effective January 1, 2008. The territories of Yukon, Northwest Territories, and Nunavut have no territorial sales taxes, so only the GST is collected. The three northern jurisdictions are heavily subsidized by the federal government, and their residents receive some additional tax concessions due to the hi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
West Vancouver-Sea To Sky
West Vancouver-Sea to Sky (name in effect from April 2009 onwards, previously West Vancouver-Garibaldi from 1991 to 2009) is a provincial electoral district for the Legislative Assembly of British Columbia, Canada. For other current and historical North Shore and City of Vancouver ridings, please see Vancouver (electoral districts). Demographics Geography History Members of the Legislative Assembly Its MLA is Jordan Sturdy, a former mayor of Pemberton. He was first elected in 2013. Election results Final count following a judicial recount, as the difference between first and second place was within 1/500 of the total votes cast. , - , - bgcolor="white" !align="right" colspan=3, Total Valid Votes !align="right", 18,397 !align="right", 100 !align="right", , - bgcolor="white" !align="right" colspan=3, Total Rejected Ballots !align="right", 130 !align="right", 0.70 !align="right", , - bgcolor="white" !align="right" colspan=3, Turnout !a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Surrey-Green Timbers
Surrey-Green Timbers is a provincial electoral district for the Legislative Assembly of British Columbia, Canada. Demographics Geography 1999 Redistribution History This riding has elected the following Members of Legislative Assembly: Member of Legislative Assembly The current MLA is Rachna Singh, a member of the New Democratic Party of British Columbia who was elected in 2017. Election results , - , - , NDP , Sue Hammell , align="right", 5,592 , align="right", 36.31% , align="right", -13.80% , align="right", $37,237 , - , NDP , Sue Hammell , align="right", 10,278 , align="right", 50.11% , align="right", +3.95% , align="right", $36,931 , - , Progressive Conservative , Cliff Blair , align="right", 179 , align="right", 0.87% , align="right", n/a , align="right", , Independent , Don Knight , align="right", 101 , align="right", 0.49% , align="right", n/a , align="right", $1,245 , Natural Law , Ross Ranger , align="right" ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Columbia New Democratic Party
The New Democratic Party of British Columbia (BC NDP) is a social-democratic provincial political party in British Columbia, Canada. As of 2017, it governs the province. It is the British Columbia provincial arm of the federal New Democratic Party (NDP). The party previously governed from 1972 to 1975 and from 1991 to 2001. Following a hung parliament as a result of the 2017 election and the BC Liberal government's failure to win a confidence vote in the Legislature, the BC NDP secured a confidence and supply agreement with the BC Green Party to form a minority government. The party subsequently won a majority government after Premier John Horgan called a snap election in October 2020. The party gained 16 additional seats and the largest share of the popular vote in the party's history. In June 2022, John Horgan announced that he would step down as party leader and premier once a successor had been chosen. David Eby was acclaimed as the party's new leader in the fourth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elections BC
Elections BC (formally the Office of the Chief Electoral Officer of British Columbia) is a non-partisan office of the British Columbia legislature responsible for conducting provincial and local elections, by-elections, petitions, referendums, plebiscites in the Canadian province of British Columbia. Its federal equivalent is Elections Canada. Responsibilities Elections BC is a non-partisan office of the British Columbia Legislature responsible for conducting provincial and local elections, by-elections, petitions, referendums, plebiscites in British Columbia. Elections BC compiles and maintains a list of eligible voters as well as sets and adjusts the boundaries of electoral districts.http://www.elections.bc.ca/index.php/about/what-we-do/ Elections BC What We Do web page. Accessed October 21, 2015. Elections BC is also responsible for regulating campaign financing and advertising and the registration of political parties. To retain their official status, political parties mu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Motor Fuel
An engine or motor is a machine designed to convert one or more forms of energy into mechanical energy. Available energy sources include potential energy (e.g. energy of the Earth's gravitational field as exploited in hydroelectric power generation), heat energy (e.g. geothermal), chemical energy, electric potential and nuclear energy (from nuclear fission or nuclear fusion). Many of these processes generate heat as an intermediate energy form, so heat engines have special importance. Some natural processes, such as atmospheric convection cells convert environmental heat into motion (e.g. in the form of rising air currents). Mechanical energy is of particular importance in transportation, but also plays a role in many industrial processes such as cutting, grinding, crushing, and mixing. Mechanical heat engines convert heat into work via various thermodynamic processes. The internal combustion engine is perhaps the most common example of a mechanical heat engine, in which h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carbon Tax
A carbon tax is a tax levied on the carbon emissions required to produce goods and services. Carbon taxes are intended to make visible the "hidden" social costs of carbon emissions, which are otherwise felt only in indirect ways like more severe weather events. In this way, they are designed to reduce carbon dioxide ( ) emissions by increasing prices of the fossil fuels that emit them when burned. This both decreases demand for goods and services that produce high emissions and incentivizes making them less carbon-intensive. In its simplest form, a carbon tax covers only CO2 emissions; however, it could also cover other greenhouse gases, such as methane or nitrous oxide, by taxing such emissions based on their CO2-equivalent global warming potential. When a hydrocarbon fuel such as coal, petroleum, or natural gas is burned, most or all of its carbon is converted to . Greenhouse gas emissions cause climate change, which damages the environment and human health. This negative ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Columbia
British Columbia (commonly abbreviated as BC) is the westernmost province of Canada, situated between the Pacific Ocean and the Rocky Mountains. It has a diverse geography, with rugged landscapes that include rocky coastlines, sandy beaches, forests, lakes, mountains, inland deserts and grassy plains, and borders the province of Alberta to the east and the Yukon and Northwest Territories to the north. With an estimated population of 5.3million as of 2022, it is Canada's third-most populous province. The capital of British Columbia is Victoria and its largest city is Vancouver. Vancouver is the third-largest metropolitan area in Canada; the 2021 census recorded 2.6million people in Metro Vancouver. The first known human inhabitants of the area settled in British Columbia at least 10,000 years ago. Such groups include the Coast Salish, Tsilhqotʼin, and Haida peoples, among many others. One of the earliest British settlements in the area was Fort Victoria, established ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fraser Institute
The Fraser Institute is a libertarian-conservative Canadian public policy think tank and registered charity. The institute describes itself as independent and non-partisan. It is headquartered in Vancouver, with additional offices in Calgary, Toronto, and Montreal, and ties to a global network of 80 think tanks through the Economic Freedom Network.Economic Freedom Network Fraser Institute Fraser is a member of the of libertarian policy lobbyists. According to the January 2020 ''Global Go To Index Report'' ( |
