Explore business taxes and taxation.

Indicators for this outcome
(a) Explain the employers’ legal obligations for submitting income tax collected from employees.
(b) Categorize taxes (e.g., property tax, business tax) paid in order to run a business.
(c) Discuss the significance of provincial sales tax collection from consumers’ purchases to be remitted (paid) to the provincial government.
(d)

Examine the importance of GST (Goods and Services Tax) being collected and remitted to the federal government.

(e) Prepare journal entries incorporating various types of taxes.
(f) Analyze the purpose of municipal, provincial and federal taxes.
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