Personal Finance 102–Provincial and Territorial Taxes
Provinces and territories in Canada also collect taxes. Similar to the taxes collected by the federal government, the revenue (taxes) collected by provincial and territory governments are used to improve public life.
Each province and territory is allowed to develop their own tax laws and policies. The Canada Revenue Agency (CRA), collects provincial and territorial taxes, except in Quebec. The provincial and territorial tax rate on employment income is calculated at a graduated rate. The more money that is earned the higher the rate of taxes paid.
Find current Provincial and Territorial tax rates. Click Here
Personal Finance 101–Paying for Education
Often there are financial costs associated with achieving visions and goals. To meet these costs requires planning and saving money.
When it comes to upgrading our skill earning a post-secondary education is a solid investment. The cost of earning a degree varies depending on the skills to be developed and the living expenses incurred. To better plan it is important to understand the cost of obtaining our skills.
Use the calculator to find out how much you should be saving each month.
