Provinces and territories each have their own graduated tax brackets, income limits and tax rates that differ from one another and the federal rates and tax brackets. This means that if you and a friend both have the same amount of taxable income, but you live in Ontario and they live in...
Income inequality and support for redistributive policies in Ontario: Who gets what, where, how, and who cares?Tara Sutton
Canada PRO is how the government disperses certaintax creditand benefit program payments to eligible residents of Ontario and Alberta. Canada PRO deposits are made by the CRA on behalf of those provinces. You have to meet certain income and residency criteria to be eligible for benefits from the...
Income splitting is a tax-saving strategy that divides a stream of income between family members (usually two spouses). The goal is to apportion as much of the higher-earning family member’s income to other family members, in an effort to get that higher-earning spouse into a lower tax ...
000 income on her tax return. That puts her in a lower tax bracket compared to scenario A). Her marginal tax rate would be 20.05%, her average tax rate would be 15.24%, and she would therefore have to pay $3,811 in taxes. Terry has the same income and therefore the same $3,811...
What is Creditable Coverage for Medicare Part D? Creditable prescription drug coverage, as defined by Medicare, is “prescription drug coverage that’s expected to pay, on average, at least as much as Medicare drug coverage”. In some cases, coverage may be creditable for Medicare Part D but...
For example, in British Columbia, the maximum rent increase allowed is 2% and landlords cannot go above that limit if there is a fixed term lease. In Ontario, a landlord can increase the rent by a maximum of 2.5% without needing approval from the l...
This contingency is typically ignored when the concept of livability is applied to urban design, since the aim of urban planning is to suit the average person and future generations. Still, it is worth checking the implicit assumption that needs and capacities do not differ too much across ...
It is widely accepted that intellectual property legal requirements such as patents and data exclusivity can affect access to medicines, but to date there has not been a comprehensive review of the empirical evidence on this topic. The World Trade Organi
Trump later halted doubling tariffs on Canada after a call from Ontario Premier Doug Ford. 2 of 2 | The seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington, Feb. 5, ...