Federal Taxes, Government, Business Facts, Investing in Manitoba, Manitoba Competitiveness, Training and Trade

Federal Taxes

Taxes:

Intro

Category	Tax	Description
Sales Tax	Goods & Services Tax	6% on most goods and services. Most businesses, including manufacturers and processors, qualify for full input tax credits on the amount of GST paid on purchases made for business purposes where the firm is not the final consumer.
Payroll Taxes	Canada Pension Plan	CPP is a federally levied and administered plan that provides retirement, disability and other benefits.
	Employment Insurance	Employment insurance is levied at the federal level in Canada.
Excise Taxes		Excise taxes are imposed on jewellery, certain petroleum products, heavy automobiles and air conditioners designed for automobiles. There is also a tax imposed on insurance premiums and a charge imposed under the Air Travellers Security Charge Act.
Income Tax	Federal Corporate Income Taxes	The basic federal corporate income tax rate is assessed on corporate taxable income in Canada.
Income Tax	Federal Personal Income Taxes	Canadian residents are taxed on worldwide employment income, business income, income or capital gains from property, and on other items, such as dividends, interest income, pension or retirement benefits.