Homework Answers
The typical property taxes, the provincial and federal income taxes and corporate income tax are all levied as a percentage share of property value/income and the percentage of tax increases with the increase in the property value or income. Therefore, such taxes are progressive in nature i.e., the proportion of taxes paid increases with the income of the individual/economic entity.
However, provincial sales taxes or GST are a fixed percentage of the price of the goods/services purchased and hence collects an equal amount of tax from everyone who purchases the goods/services irrespective of their incomes. Such a tax is, therefore, regressive in nature as the tax as a proportion of income decreases when the income increases.
Ans: D. any of the provincial sales taxes
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