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Is there an excise tax on insurance premiums in Canada?

Canadian FET: I have received an Excise Tax notice from the Canada Revenue Agency (CRA), what does this mean and how do I get more information? The Excise Tax Act imposes a 10% levy on insurance premiums (other than reinsurance) against a risk in Canada.

What is an excise tax in Canada?

The Excise Tax Act (ETA) is a federal law governing the administration and collection of excise taxes. They are levied on specific goods and services, including spirits, wine, tobacco products, cannabis and vaping products produced in Canada. What is the Excise Tax Act of Canada? - Criminal Code Help criminalcodehelp.ca resources what-is-th criminalcodehelp.ca resources what-is-th

How often do you pay excise tax in Washington state?

Excise is a sellers tax, due within one month of the date of sale and must be paid before the conveyance document can be recorded or the mobile home title transferred. Excise Tax | Pierce County, WA - Official Website piercecountywa.gov Excise-Tax piercecountywa.gov Excise-Tax

What is an example of an excise tax?

In general, an excise tax is a tax is imposed on the sale of specific goods or services, or on certain uses. Federal excise tax is usually imposed on the sale of things like fuel, airline tickets, heavy trucks and highway tractors, indoor tanning, tires, tobacco and other goods and services.

What is an example of an excise tax in Canada?

Excise taxes are imposed on: fuel-inefficient vehicles including station wagons, vans and sport utility vehicles. air conditioners designed for use in automobiles, station wagons, vans or trucks and. gasoline, diesel fuel, aviation gasoline and aviation fuel.

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