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Tax revenues. The Government of Canada collects about $5 billion per year in excise taxes on gasoline, diesel, and aviation fuel [ 21] as well as approximately $1.6 billion per year from GST revenues on gasoline and diesel (net of input tax credits). The Canada Revenue Agency, a part of the government, collects these taxes.
The tax is a 5% tax imposed on the supply of goods and services that are purchased in Canada, except certain items that are either "exempt" or "zero-rated": For tax-free — i.e., "zero-rated" — sales, GST is charged by suppliers at a rate of 0% so effectively there is no GST collected. However, when a supplier makes a zero-rated supply, it ...
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.
Website. www .lcbo .com. The Liquor Control Board of Ontario ( LCBO) is a Crown agency that retails and distributes alcoholic beverages throughout the Canadian province of Ontario. [ 5] It is accountable to the Legislative Assembly through the minister of finance. [ 5] It was established in 1927 by the government of Premier George Howard ...
Thus the variation in pricing can be significant: for example, in Ontario between August and September 2006, wholesale prices (in Canadian Dollars) paid to producers ranged from a peak of $318 per MW·h to a minimum of - (negative) $3.10 per MW·h.
The average price for dried flower on the OCS had fallen to $7.05 per gram after taxes, compared to the average price for illicit cannabis at $7.98 per gram. The growth is also attributed to an increase in brick-and-mortar retail, with 110 stores operating as of Q3 2020, compared to just 22 at the same time last year. [22]
Since Alberta's deregulation of alcohol in 1993, their retail alcohol price rises have since tripled Ontario's (28.2% vs 9.2%). [45] By accounting for tax differentials and comparing the average (non-sale) 24 pack cost of beer between BC, Alberta, Quebec and Ontario, the report concludes stating that Ontarians are well served under the current ...
The wholesale price index (WPI) is based on the wholesale price of a few relevant commodities of over 240 commodities available. The commodities chosen for the calculation are based on their importance in the region and the point of time the WPI is employed. For example, in India about 435 items were used for calculating the WPI in base year ...