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Canada. Residents in Ontario (until July 1, 2010 when the HST takes effect, ending the previous PST rebate) and Quebec, Canada can claim a rebate on the Provincial Retail Sales Tax of up to CA$2,000 on the purchase or lease of a hybrid vehicle, and Federal Transport Canada can claim a rebate of CA$1,500.
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 ...
Renting a home was exempt under HST. The purchase of an existing home was exempt from the HST, while the purchase of a new home was subject to a GST rebate of 36% if the purchase price was below $350,000, up to a maximum rebate of $8,750 (which made the tax rate effectively 3.2%). Under the PST, the purchase of a new home was tax exempt.
Enacted another federal tax credit called the Used Clean Vehicle Tax Credit. Eligible EVs qualify for a maximum of $4,000 or 30% off the used vehicle’s sales price (up to a sales price of $25,000).
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For instance, 67% of taxpayers expect to receive a tax refund in 2024, and nearly 30% of them plan to spend that money on activities such as vacations, home improvements, and retail splurges ...
In 1996, three of the four Atlantic provinces—New Brunswick, Newfoundland and Labrador, and Nova Scotia—entered into an agreement with the Government of Canada to implement what was initially termed the "blended sales tax" (renamed to "harmonized sales tax") which would combine the 7% federal GST with the provincial sales taxes of those provinces; as part of this project, the PST portion ...
The U.S. Energy Policy Act of 2005 established a federal income tax credit of up to $3,400 for the purchase of new hybrid vehicles, purchased or placed into service after December 31, 2005. [ 1][ 2] Vehicles purchased after December 31, 2010 are not eligible for this credit. [ 1][ 2] The law limited the tax credits to the first 60,000 eligible ...