In other words, take your total Ontario remuneration for the year, subtract the amount of the tax exemption and then multiply that number by the applicable tax rate. Remuneration is the employment income(box 14 of the T4 slip)that is taxable under sections 5, 6, and 7 of the federal Inc...
regarding regulated online poker in Ontario. However, if that changes, expect poker operators to fully comply with the terms of their licenses. It is worthwhile hiring an accountant if you play poker professionally as your main or only source of income because you may be liable to pay tax ...
income Canadians is “likely to make worse” the country’s “growth and productivity challenges.” The ministers, including Manley who served under former Prime MinisterJean Chretien, say “it’s easy enough” to dismiss concerns over a tax on “a few individuals.” But at the end of the...
The Ontario government is projecting 4.0% GDP growth in 2021, 4.3% in 2022, 2.5% in 2023 and 2.0% in 2024 in its budget assumptions. It is relying on economic growth and one-time funding costs being eliminated over time to reduce its deficit without tax increases or cuts to services. Co...
lenders in Canada, Cash Money allows you to apply online, in-store or over the phone. This lender is also flexible with the types of income it accepts, so you can still get a loan if you earn non-employment income such as Employment Insurance, Child Tax Benefits and Canada Pension Plan...
The profit that you make from a house flip is considered business income (unless there is an exception, such as a job or family change), which means it is 100% taxable. Therefore, the $200,000 profit that you made in the example above will need to be claimed on your annual tax ...
Policy studies suggest that evidence-informed policymaking (EIPM) requires framing and persuasion strategies, and an investment of time to form alliances and identify the most important venue. However, this advice is very broad and often too abstract. In
Conventionally, the ability to tax is measured in points. When the federal government transfers tax points to the provinces they are effectively giving up potential tax income and thereby increasing the value of the transfer for PSE. The best estimate we have of the decline in the amount of th...
A growing body of research suggests that the suburbanization of food retailers in North America and the United Kingdom in recent decades has contributed to the emergence of urban 'food deserts', or disadvantaged areas of cities with relatively poor acces