Last week, Ted Tjaden highlighted several great resources for
Canadian tax filers and researchers.
There is a bilateral agreement between Canada and the U.S. to avoid double taxation and because Canadian tax rates are generally higher than U.S. rates, many
Canadian tax filers have no U.S. tax liability on their U.S. returns.
Not exact matches
In 2008, almost 25 million
Canadians filed a
tax return and paid almost $ 162 billion in
tax or close to $ 6,500 per
filer.
«While it's positive that so many eligible
Canadians plan to contribute towards their retirement this year, we know from previous years that only 26 per cent of eligible
tax filers actually make a contribution to their RRSP,» said Jamie Golombek, a managing director of
tax and estate planning at CIBC.
According to a recent study by David Macdonald of the
Canadian Centre for Policy Alternatives, almost all of the
tax benefit of special
tax treatment of dividends (91 %) goes to the top one tenth of all
tax filers.
Brian Murphy of Statistics Canada and colleagues estimate in a study for the
Canadian Tax Journal that almost one half of the benefit goes to the top 1 % of individual tax filers, and one fifth to the top 0.1 % (or one tax filer in every thousan
Tax Journal that almost one half of the benefit goes to the top 1 % of individual
tax filers, and one fifth to the top 0.1 % (or one tax filer in every thousan
tax filers, and one fifth to the top 0.1 % (or one
tax filer in every thousan
tax filer in every thousand.)