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Canada Tax Rates 2008February 2008 From 1.1.2008 the GST (Goods and Services Tax) tax rate is 5%, compared to the previous rate of 6%. The HST (Harmonised Sales Tax ) is 13%, compared to the previous rate of 14%. The federal income tax rate for individuals is 15%-29%.Provincial income tax rates are 10%-24%. The federal corporate income tax rate for 2008 is 19.5%.There is no federal surtax in 2008. The provincial income tax rates are 10%-16%. You can find detailed information about Canada's income tax rates for 2008 in Canada Revenue Agency site. |