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Canada Tax Forms

Tax forms in Canada are much like the ones we use in the United Sates. However, there are a few difference between taxation in Canada and Taxation in the United Sates.

The taxation that is happening in Canada is average among most other Organization for Economic co-operation and Development countries. Their federal taxes are collected by the previously CRA, or Canada Revenue Agency, which was previously known as both Revenue Canada and Canada Customs and Revenue Agency. Here's a fact for you. Almost all of Canada's officials in the government get their pay from income taxation.

Canada the Federation was formed in 1867. The British North America Act attempted at the time to make a federal government. This government would have been basically unlimited in how it gathered its revenue. The federal government was put in charge of all of the high cost programs such as defense and transportation.

The provinces themselves were given lower power so they could give their owe sales and property taxes although today the provinces all have about the same amounts. In the first World War Canada realized that they could use a tax on income to help fund their war efforts. They income tax was brought about as a temporary way for them to gain money to pay for their par in the war. Since then the income tax has become an integral part of taxation in Canada. In the second World War their taxes fell by half and they began to pay both income and direct taxes. This then lead to the payment of most government funding by the taxation of Canada's people.

Personal income taxes had been put on the people of Canada by both the federal and provincial governments. In the United States people are taxed by the federal and state governments but since Canada has provinces instead of states they are taxed by provinces not states. Hopefully that makes sense. Basically they pay taxes on a country and local level just as we do here in the United States.

In just about every country there is a tax on income. It generally varies based upon how much money you receive and how much money you spend. It's all about checks and balances and making sure that the people are not taxed to far or too little.

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