Author Topic: PEPSI MILLION NIGHT..CANADIANS TOOK HOME MOST OF THE GLORY  (Read 11022 times)

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mwins

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Re: PEPSI MILLION NIGHT..CANADIANS TOOK HOME MOST OF THE GLORY
« Reply #15 on: June 18, 2024, 08:01:57 AM »
There's no such thing as a Canadian. They are just Americans with free health care & no guns.

And no tax on gambling profits.

Stan durbread

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Re: PEPSI MILLION NIGHT..CANADIANS TOOK HOME MOST OF THE GLORY
« Reply #16 on: June 18, 2024, 08:34:59 AM »
And pay double in taxes

helpplease

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Re: PEPSI MILLION NIGHT..CANADIANS TOOK HOME MOST OF THE GLORY
« Reply #17 on: June 18, 2024, 09:27:03 AM »
And pay double in taxes

I know you can't always trust the info when you google something but I googled what the highest federal personal tax rate was in both USA & Canada & in Canada the top federal tax rate is 33% compared to the USA at 37%.

Stan durbread

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Re: PEPSI MILLION NIGHT..CANADIANS TOOK HOME MOST OF THE GLORY
« Reply #18 on: June 18, 2024, 10:07:36 AM »
At least in Ontario you pay 13% sales tax on most everything including labor charges

helpplease

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Re: PEPSI MILLION NIGHT..CANADIANS TOOK HOME MOST OF THE GLORY
« Reply #19 on: June 18, 2024, 12:01:40 PM »
At least in Ontario you pay 13% sales tax on most everything including labor charges

But I was told if you have an HST number which I was told is easy to get, you are refunded all the 13% that you paid out? 

mwins

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Re: PEPSI MILLION NIGHT..CANADIANS TOOK HOME MOST OF THE GLORY
« Reply #20 on: June 18, 2024, 12:15:48 PM »
But I was told if you have an HST number which I was told is easy to get, you are refunded all the 13% that you paid out?

Yes. We pay HST on horses, bills, etc but claim it all back.
We collect HST when horses are claimed, but must remit it to the government.

Stan durbread

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Re: PEPSI MILLION NIGHT..CANADIANS TOOK HOME MOST OF THE GLORY
« Reply #21 on: June 18, 2024, 05:42:03 PM »
Yes. We pay HST on horses, bills, etc but claim it all back.
We collect HST when horses are claimed, but must remit it to the government.

Can you claim it back for gas, clothing car purchase and repairs?  And everything else that is not a business expense

Frank the Zipper

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Re: PEPSI MILLION NIGHT..CANADIANS TOOK HOME MOST OF THE GLORY
« Reply #22 on: June 18, 2024, 06:07:43 PM »
There's no such thing as a Canadian. They are just Americans with free health care & no guns.
Just to clarify something --I'm a Canadian & I have 3 registerd long guns that are perfectly legal in Canada.

Brown jug

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Re: PEPSI MILLION NIGHT..CANADIANS TOOK HOME MOST OF THE GLORY
« Reply #23 on: June 18, 2024, 06:40:34 PM »
highest personal tax rate is closer to 50%
no you do not get hst back on normal expenses that are not a business expense

helpplease

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Re: PEPSI MILLION NIGHT..CANADIANS TOOK HOME MOST OF THE GLORY
« Reply #24 on: June 18, 2024, 08:39:59 PM »
highest personal tax rate is closer to 50%
no you do not get hst back on normal expenses that are not a business expense

Try googling Canadian Federal Tax Rates & you will find the highest rate is 33%. I took a screenshot but don't know how to add it to this forum. Maybe you are referring to the Federal & Provincial combined rate? I think as in the USA with State taxes, each Province has their own rates? In my original post I was comparing only each countries Federal tax rate.

Brown jug

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Re: PEPSI MILLION NIGHT..CANADIANS TOOK HOME MOST OF THE GLORY
« Reply #25 on: June 18, 2024, 10:12:47 PM »
ok
 that sounds about right  if federal only

 

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