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British Columbia's general corporate income tax rate is 12%. When combined with the federal rate, B.C. businesses pay a general corporate income tax rate of 27%. B.C. has the lowest provincial personal income taxes in Canada for single individuals earning up to $125,000 (CAD). The sales tax rate for purchased retail goods in B.C. is 7% (PST).
In 2006, the Government of British Columbia threatened to shut down one private clinic because it was planning to start accepting private payments from patients. Since 2008, Dr. Brian Day has been suing the British Columbia government on the basis that the Canada Health Act is unconstitutional. In 2016, the Government of Quebec was sued for ...
In 2006, 70% of healthcare spending in Canada was financed by government, versus 46% in the United States. Total government spending per capita in the U.S. on healthcare was 23% higher than Canadian government spending. U.S. government expenditure on healthcare was just under 83% of total Canadian spending (public and private).
The federal government levies a value-added tax of 5%, called the Goods and Services Tax (GST), and, in five provinces, the Harmonized Sales Tax (HST). The provinces of British Columbia, Saskatchewan, and Manitoba levy a retail sales tax, and Quebec levies its own value-added tax, which is called the Quebec Sales Tax.
The Medical Services Plan of British Columbia ( MSP) is a government-administered, single-payer health insurance in the Canadian province of British Columbia, operating under the auspices of the country's national Medicare program. Under the Canadian constitution, provinces are responsible for the delivery of health care, while the national ...
Medicare (French: assurance-maladie) is an unofficial designation used to refer to the publicly funded single-payer healthcare system of Canada. Canada's health care system consists of 13 provincial and territorial health insurance plans, which provide universal healthcare coverage to Canadian citizens, permanent residents, and depending on the province or territory, certain temporary residents.
On 19 February 2008, British Columbia announced its intention to implement a carbon tax of $10 per tonne of carbon dioxide equivalent (CO 2 e) emissions (2.41 cents per litre on gasoline) beginning 1 July 2008, the first North American jurisdiction to implement such a tax. The tax was to increase until 2012, reaching a final price of $30 per ...
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.