Understanding different types of taxes in Canada is essential for individuals and businesses to comply with the country’s tax laws. Canada has several tax categories, including income tax, corporate tax, sales tax (GST/HST), property tax, and payroll taxes. Income tax applies to individuals and businesses based on earnings, while corporate tax targets companies’ profits. Sales taxes, such as GST/HST, are applied to goods and services. Property tax is levied on real estate, and payroll taxes fund social programs like the Canada Pension Plan (CPP) and Employment Insurance (EI). Each tax type has specific rules and rates.