The first is income tax, which is divided into joint income tax and provincial income tax. Union income tax: 8% for annual salary below 40,000, 22% for 40,000-80,000, 27% for 80,000-65,438+200,000, and 33% for 65,438+200,000. Provincial income tax: 5% below 30,000, 8% between 30,000 and 70,000, and above 70,000/1%. All countries adopt a progressive tax system. After paying income tax, you have to pay old-age insurance, unemployment insurance and serious illness insurance. Although the income tax is heavy, the high-income earners pay almost half. However, it has played a lever role in "helping the rich and helping the poor" and adjusting the income gap.

Followed by consumption tax, which is 5% of the total amount, 8% of the total amount and *** 13% respectively. It used to be 8%, but it has been reduced to 5% year by year due to the surplus of the federal government. The consumption tax is determined by the federal government and the provincial government. If Ontario stipulates that food (unprocessed) is not taxed, then food is taxed. Originally, gasoline and health care products were not taxed, but from July 1, 20 15, 8% tax was levied.

Thirdly, property tax, also known as local tax, is collected by the local municipal government. Mainly real estate and cars (this is the only property of the vast majority of ordinary people), cars are paid in one lump sum when they are purchased, and then the license fee is paid in 79 yuan every year. Property tax shall be paid once a year at 1% of the appraised house price of the current year.

Local taxes generally have the following characteristics: first, local taxes are generally the proportion of real estate valuation. For example, in Ontario, property valuation for local taxes is usually evaluated by a property appraisal company (MPAC). Then, the local municipal government multiplies the valuation of the property by an approved proportion to determine the local tax payable on the property. For example, in Toronto, the local tax for detached houses with a market value of 500,000 Canadian dollars may be set at around 3,000 Canadian dollars per year.

Second, the local tax of commercial property is generally 2.5 to 3 times that of residential property. Still taking the detached house of C $500,000 as an example, if the detached house is not used for living, but used as a corner convenience store, the local tax of the detached house is likely to be approved as C $8,000 or more a year.

Third, local taxes are generally used by the municipal government for local public services, such as police, fire fighting, roads, schools, hospitals and so on. If the public security in an area is too poor, the real estate depreciates, and the government can't collect certain local taxes, then the government may have no money or be unwilling to invest in the local police and roads, which will further worsen the public security and environment and form a vicious circle.