@punjabifinance: 🌟 Brief History of Canadian Taxes: A Journey Through Time! 🇨🇦💰 From funding wars to modern reforms, Canada's tax system has evolved significantly! 📜✨ Here are some interesting facts: 💡 Temporary Turns Permanent: The income tax, introduced in 1917 to fund WWI, was supposed to be temporary but became a permanent fixture by 1920! 💡 Victory Tax: During WWII, a "Victory Tax" of 13.5% was introduced to support the war effort. 💡 GST Impact: The GST, introduced in 1986, replaced the Manufacturers' Sales Tax and significantly changed how Canadians were taxed on goods and services. 💡 Capital Gains: In 1981, Canada started taxing capital gains, affecting investments and asset management. 💡 Tax-Free Savings Account (TFSA): Introduced in 2015, TFSAs allowed Canadians to save money tax-free, encouraging personal savings. 💡 Environmental Question: The Carbon Tax, aimed at reducing greenhouse gas emissions, raises the debate: Is it really about saving the environment 🌍♻️ or just funding the government? 🤔🏛️ Dive into the fascinating evolution of Canadian taxes and share your thoughts! 💬💭 #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 💬💭📚💵📈💹🔢🏛️📝🇨🇦💰

Punjabi Finance by Rattan Amol

Open In TikTok:

Region: CA

Thursday 01 August 2024 02:43:58 GMT