We estimate parametric tax functions used in applied macroeconomic and public finance studies. Although these functions are good fits to the data, their residuals are significantly high at top income levels. We introduce a new parametric tax function which captures the top rates better compared to ...
We present new evidence on levels and trends in after-tax income inequality in Canada between 1980 and 2000. We argue that existing data sources may miss changes in the tails of the income distribution, and that many of the changes in the income distribution have been in the tails. For thi...
Total other income (expenses) (15,631) (26,506) (23,741) (44,795) 407 Income (loss) before income taxes and equity in earnings of affiliates (15,054) 56,510 112,021 408,525 356,468 Income tax benefit (expense) 4,650 10,583 (21,850) (5...
The Canada Revenue Agency(CRA )is responsible for administrating tax policies, collecting revenue from taxes and delivering benefits programs and tax credits at federal and provincial levels. Tax Categories in Canada Canada’s taxes fall under four broad categories. These include: Personal income tax ...
2) They are going to apply a dividend tax credit. These two processes are done at both the federal and provincial levels. The first process is going to make your taxable income look larger, the second process is going to reduce the amount of taxes that you owe by a specific amount. It...
2) They are going to apply a dividend tax credit. These two processes are done at both the federal and provincial levels. The first process is going to make your taxable income look larger, the second process is going to reduce the amount of taxes that you owe by a specific amount. It...
Gaining income from dividend stocks is one of the most tax-efficient ways that you can put your money to work for you. This is especially true at lower income levels (such as those that many retirees typically account for at the end of the year) when the dividend tax credit really shines...
While Recurrent Energy's business model was historically predominantly develop-to-sell, the Company has been adjusting its strategy to create greater asset value and retain greater ownership of projects in select markets to increase revenues generated through recurring income, such as power sales, opera...
Interesting times. The USD:CAD rate is approaching levels not seen since 2016 and 2020 (and then only very briefly). I'm ignorant of the full terms but I thought the USMCA (which replaced NAFTA) precluded tariffs. Is that wrong or is Trump just ignoring existing agreements?
If you earn an income of between $50,000 and $150,000 in Canada, you’re likely paying a marginal tax rate of about 40%. That means, if you open an RRSP account with Qtrade and invest $5,000, you’ll instantly get: $2,000 back on your taxes $150 sign up bonus $250 cash bac...