Sentences with phrase «$ cents the tax»

â $ cents The tax credit does not have to be repaid, unless the homeowner moves, sells or leaves the primary residence for any other reason

Not exact matches

Wynne also appointed a panel last month to examine those proposals, which included a jump in the HST, a five - cent - a-litre regional gas tax, a $ 350 - million - a-year business parking levy and $ 100 million a year in development charges.

The 13.16 per cent tax rate for incomes above $ 514,000 will now apply to incomes above $ 220,000.

Even though they're spending $ 900 million over five years to satisfy the NDP, the cash - strapped Liberals are making right - leaning promises to limit spending growth to 1.8 per cent a year, rebalance the books in 2017 - 18 and have no new taxes.

Metrolinx said a regional increase in the HST to 14 per cent from the current 13 per cent would bring in $ 1.3 billion a year from taxpayers in the region, after deducting $ 105 million in tax credits for lower - income households.

On an adjusted basis to remove one - time items such as the tax charge, Canada's biggest lenders earned roughly $ 11.3 billion, up approximately 12.59 per cent from a year ago

Tapestry's net income fell to $ 63 million, or 22 cents per share, from $ 200 million, or 71 cents a share, a year earlier, due to charges related to new tax legislation.

If Verizon knocked $ 1 billion off its billion offer, that would be an impact of 62 cents a share after taxes, Helfstein said, far below the $ 2.03 per share that Yahoo fell by Thursday afternoon.

RBC's capital markets division saw a 13 per cent jump year - on - year in net income to $ 748 million, primarily due to a lower effective tax rate largely due to U.S. tax changes and higher results in corporate and investment banking and global markets.

RBC's wealth management division reported a 39 per cent increase in net income to $ 597 million from $ 167 million in the same quarter one year ago, in part reflecting a lower effective tax rate.

The current federal corporate tax rate is 15 per cent, so that implies a tax base of about $ 263 billion.

«The new Liberal government has promised to quickly implement its promise to raise the statutory tax rate on incomes over $ 200,000 from the current 29 per cent to 33 per cent.

Family Caregiver Tax Credit Caregivers of infirm dependants (including spouses, common - law partners and minor children) will be able to claim a 15 per cent non-refundable tax on $ 2,000 (indexed for inflation) if receiving a dependency - related credit such as the Child Tax Credit, Infirm Dependant Credit, or the Caregiver CredTax Credit Caregivers of infirm dependants (including spouses, common - law partners and minor children) will be able to claim a 15 per cent non-refundable tax on $ 2,000 (indexed for inflation) if receiving a dependency - related credit such as the Child Tax Credit, Infirm Dependant Credit, or the Caregiver Credtax on $ 2,000 (indexed for inflation) if receiving a dependency - related credit such as the Child Tax Credit, Infirm Dependant Credit, or the Caregiver CredTax Credit, Infirm Dependant Credit, or the Caregiver Credit.

The monthly fiscal monitor report says revenues were up $ 14.1 billion, or 5.3 per cent, compared with a year ago, boosted by increases in tax revenues and other revenues.

The bank's results included charges totalling 23 cents per share, including an $ 88 - million net tax adjustment due to a cut to the U.S. corporate tax rate from 35 per cent to 21 per cent that took effect this year.

Excluding the tax benefit and other one - time items, its adjusted profit increased marginally to $ 304 million or 54 cents per share, up from $ 303 million or 53 cents per share in last year's third quarter.

The loss was largely due to a $ 916 million impairment charge on its long - lived assets, stemming both from a major tax and export dispute between its 64 - per - cent owned Acacia Mining and the Tanzanian government, and the partial writedown of its Pascua Lama project after the Chilean government ordered it to close all surface facilities.

HSBC Canada reported a fall in profits, before income tax expenses, of $ 206 million for the fourth quarter, down 18 per cent from a year earlier.

Taxes on marijuana will amount to $ 1 per gram, or 10 per cent of product price, when a legalized cannabis regime comes into effect by this fall.

Excluding restructuring costs, asset impairments and the impact of U.S. tax reform, adjusted earnings were $ 48.6 million or 63 cents per share.

«Rather than waiting until after your death to leave the company to your adult child — who might have to pay 55 cents in tax on every $ 1 of its value — you want to start transferring a minority stake now, let's say 30 % of the stock.»

If we assume the average federal tax rate on capital income is 25 per cent (most capital income is taxed in the higher 22 per cent, 26 per cent and 29 per cent tax brackets), this yields a revenue cost of $ 6.6 - billion, or 7 per cent of federal income tax revenues.

For someone living in New York City, the combined top federal, state, and city tax would be tax 46.6 per cent for someone earning $ 209,000 and 50.7 per cent for someone earning more than $ 411,000.

Another one - per - cent shift per year in Vancouver property tax reductions for businesses equated to an estimated $ 43 million savings per year for business.

For the six months to December 31, it reported a 9.1 per cent rise in underlying earnings before interest, taxes, and amortisation to $ 72.8 million, on the back of record gross written premium (GWP) growth across both its underwriting and broker network units.

If the Conservatives hadn't touched the federal corporate tax rate when they took office in 2006 — if they'd kept it at 21 per cent instead of lowering it to 15 per cent — government revenues would be $ 13 billion higher, the Canadian Labour Congress argued in a paper last January.

Despite a one - time, $ 425 - million charge tied to tax reform in the U.S., BMO reported $ 973 million in net income for the quarter ended Jan. 31 of this year, with revenue growth of about 5 per cent compared with the year before.

If we get back to fun with ratios, we can see that Bob's tax savings of $ 35,000 comes close to this 20 - per - cent premium ($ 44,000 normally).

Susan pays about 36 per cent of her income in taxes while Bob only pays 20 per cent, a $ 35,000 difference.

Budgetary revenues increased by $ 10.6  billion, or 4.6  per cent, driven by gains in income tax revenues and other revenues.

A six per cent increase to the top federal income tax bracket, for example, might bring in $ 1 or $ 2 billion per year — not nearly enough to compensate millions of middle - earners with stagnating wages.

As economist Andrew Jackson explains, Canadians with income over $ 200,000 took over 85 per cent of this nearly $ 7 - billion tax break last year.

Under the Canada Economic Action Plan the deficit will be eliminated by 2015 - 16; although total net public debt will have increased by $ 150 billion, the debt ratio will have declined to 33.0 per cent in 2015 - 16 and reach the government's target of 25 percent by 2019 - 20; program spending will fall to below 13 percent of GDP and will continue to fall thereafter; public sector jobs have been eliminated; and income and corporate taxes have been cut.

Those numbers represent five per cent each of the annual cost of the carbon taxes in those provinces: $ 1.3 billion in B.C. per year, and in Alberta, $ 1.3 billion in 2017 - 18 and $ 1.7 billion in 2018 - 19, an average of $ 1.5 billion.

If these changes go through, there are many scenarios where a typical middle - class, family - run business from which the owners draw a salary of $ 100,000 could see a substantial — 20 to 50 per cent — increase in tax paid.

The 2015 federal budget reduced the small business tax rate on the first $ 500,000 of active business income from 11 per cent to 9 per cent by 2019.

So on the $ 1 of profit, 64 cents was taxed on its way to the shareholder.

At the high end, the tax loss is estimated at $ 1.7 - billion, which assumes 50 per cent of the salary income was not earned for real work performed, and the family member had a 15 - per - cent - lower marginal tax rate than the company owner.

Layton was responding to criticism from Jack Mintz — the economist oft - quoted by Conservative Leader Stephen Harper as justification for his tax policies — that the cap - and - trade system the NDP proposed to cover the cost of $ 3.5 billion worth of green initiatives in the first year would raise gasoline prices by 10 cents per litre.

In a new report released today for Sustainable Prosperity (a new research institute), Jack Mintz and Nancy Olewiler pitch a federal carbon tax constructed by broadening the base of the federal excise tax (which currently raises over $ 5 billion per year based on a tax of 10 cents per litre of gas and 4 cents -LSB-...]

Higher taxes on alcohol and tobacco products: the excise duty rate on cigarettes goes up to $ 21.56 per carton of smokes from $ 21.03, while the rates on alcohol are going up two per cent.

Dividends on its $ 3bn of preferred stock will be taxed at the 35 per cent rate for foreign dividends, rather than the 14 per cent rate that would prevail in the US, according to people familiar with the arrangements.

The rub is that totally eliminating all deductions for those with incomes over $ 1m would not even raise enough revenue to cover reducing their marginal tax rates from 39 to 33 per cent, let alone offset their benefit from huge rate reductions on business and corporate income, and the elimination of estate and gift taxes.

This contrasts with proposed tax cuts for those in the middle of the income distribution of $ 1,000, or about 2 per cent.

The cigarette tax in Nebraska is just $ 0.64 per pack, about three cents per cigarette.

The tax on beer is 31 cents per gallon (17.4 cents per six pack), the tax on wine is 95 cents per gallon (3.9 cents per glass) and the tax on liquor is $ 3.75 per gallon (1.11 cents per shot).

Over the 10 years between budget 2006 and budget 2014, and including the PM's announcements in October 2014, the net impact of all tax measures will be almost $ 332 billion, equal to almost 17 per cent of annual GDP and almost one - half of total federal debt.

In Parkersburg, the largest city in the county, the total property tax rate is 293.68 cents per $ 100 in assessed value.

An additional tax of one cent on a dollar would raise about $ 8 billion annually.

In 2017, lawmakers considered nixing the 28 cents per gallon gas tax for a fixed $ 140 vehicle plate fee.