An Overview of the Alberta and Canada Tax System:
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- Federal income tax (applied to your earnings)
- Sales tax (levied on your purchases)
- Property tax (assessed on your assets)
- Capital gains tax (charged on your investments)
- Estate tax (imposed on your inheritance)
This system was not designed with your interests in mind; rather, it was established to ensure continuous payments from you.
What actions should you take?
1. Familiarize yourself with the tax regulations.
2. Navigate the system strategically.
3. Accumulate wealth intelligently.