@punjabifinance: ๐ Brief History of Canadian Taxes: A Journey Through Time! ๐จ๐ฆ๐ฐ From funding wars to modern reforms, Canada's tax system has evolved significantly! ๐โจ Here are some interesting facts: ๐ก Temporary Turns Permanent: The income tax, introduced in 1917 to fund WWI, was supposed to be temporary but became a permanent fixture by 1920! ๐ก Victory Tax: During WWII, a "Victory Tax" of 13.5% was introduced to support the war effort. ๐ก GST Impact: The GST, introduced in 1986, replaced the Manufacturers' Sales Tax and significantly changed how Canadians were taxed on goods and services. ๐ก Capital Gains: In 1981, Canada started taxing capital gains, affecting investments and asset management. ๐ก Tax-Free Savings Account (TFSA): Introduced in 2015, TFSAs allowed Canadians to save money tax-free, encouraging personal savings. ๐ก Environmental Question: The Carbon Tax, aimed at reducing greenhouse gas emissions, raises the debate: Is it really about saving the environment ๐โป๏ธ or just funding the government? ๐ค๐๏ธ Dive into the fascinating evolution of Canadian taxes and share your thoughts! ๐ฌ๐ญ #CanadaTaxes #IncomeTax #TaxHistory #FinanceJourney #CanadianHistory #WWITaxes #VictoryTax #CRACreation #TaxReforms #CarterCommission #CapitalGainsTax #GST #TaxEvolution #FinancialLiteracy #MoneyMatters #CanadianEconomy #HistoryLesson #FinanceFacts #TaxTrivia #TaxTime #MoneyManagement #GovernmentRevenue #EconomicPolicy #CarbonTaxDebate #SaveThePlanet #GreenTaxes #EcoFriendly #EnvironmentalPolicy #FinanceWithRattan #PunjabiFinance ๐ฌ๐ญ๐๐ต๐๐น๐ข๐๏ธ๐๐จ๐ฆ๐ฐ
Punjabi Finance by Rattan Amol
Region: CA
Thursday 01 August 2024 02:43:58 GMT
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2024-08-05 22:44:07
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