Sentences with phrase «cent of income in»

DLC says the yearly savings rate of an average Canadian has gone from over 12 per cent of income in the early ′ 90s to under two per cent today and household debt in Canada has more than doubled over the past 10 years.

But even Warren Buffett said in an editorial in The New York Times, «Raise my taxes,» admitting he only pays 17 per cent of his income in tax whereas others in his organization pay 30 per cent.

I give myself a three year range to be conservative, but I'm sure I could make my EF last for 18 - 20 years if I didn't make another cent of income in this period.

Our estimate is that households currently pay about 2 1/2 per cent of income in required principal repayment, which brings their total debt servicing to 10 per cent of disposable income.

Canadian household debt was 167 per cent of income in the second quarter, a level that the central bank considers a threat to financial stability because a wave of personal bankruptcies and home foreclosures could cripple the banking system.

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

Not exact matches

Continental posted net income of $ 233.9 million, or 63 cents per share, compared with $ 469,000, or less than a penny per share, in the year - ago quarter, when oil prices plummeted - and the company's production costs were higher.

Personal income tax will hit a 20 - year high of 12.5 per cent of GDP by 2020 - 21 under the budget forecasts as the government relies on bracket creep and an increase in the Medicare levy to return the budget to surplus.

According to the Bank of Canada, close to half of all high - ratio mortgages originated in Toronto were to borrowers with loan - to - income ratios in excess of 450 per cent.

About one - third of the top one per cent income goes to the top 0.1 per cent in Canada, while in the U.S., the top 0.1 per cent receive half of the top one per cent.

Telus (TSX: T) reported Thursday that net profits in the final three months of 2015 dropped 16.3 per cent to $ 261 million from $ 312 million a year earlier, although adjusted net income slipped just 1.2 per cent to $ 324 million from $ 328 million.

TD, one of the 10 biggest banks in the U.S., on Thursday reported a 19 per cent increase in net income to $ 952 million from its retail banking arm south of the border.

The company said Friday it earned net income of $ 15 million or six cents per share in the last three months of 2017, compared with $ 840 million or $ 3.43 per share in the year - earlier period, with the latter figures boosted by asset sales.

In Ontario, mortgage payments account for roughly 60 per cent of income, according to BMO; if the trend continues another 24 months, that figure will hit 1989 levels — the same year the market crashed.

Paying for all of the costs associated with a detached home in the Vancouver area requires 121 per cent of median household income; for a condo, it's 46 per cent of income, making it Canada's least affordable city, according to economists at the Royal Bank of Canada.

The company's net income dropped 40 % to $ 127 million, or 17 cents per share, mainly due to costs associated with the near $ 6 billion acquisition of King Digital in February.

«For decades, households in Ontario had incomes as much as 20 per cent above the Canada average, and 10 per cent higher as recently as the turn of the century.

«From 1980 to 2007, in that period, revenues from the top 1 per cent of income earners went from 1.6 per cent of GDP, to 3.1 per cent of GDP, a huge surge of revenues from the highest income earners,» he said, crediting tax cuts with generating that wealth during those years.

The change would be eliminating the dividend refund that comes later, which could bump the effective tax rate on passive income, in cases of high income earners, to the 70 - per - cent - plus level Poilievre talks about.

But when that CCPC reinvests any surplus in, say, mutual funds or bonds, the passive income from those investments is taxed at a rate of about 50 per cent.

But net income fell 28 percent to $ 53.7 million, or 31 cents per share, in the quarter ended March 31 as the company recorded a $ 15 million restructuring charge and $ 23 million related to settlement of a legal dispute.

Cenovus reported fourth - quarter net income of $ 620 million or 50 cents per share on Thursday, well ahead of $ 91 million, or 11 cents per share, in the year - earlier period, thanks to better refinery profits, stronger oil prices and production that almost doubled after it bought out its oilsands partner, Houston - based ConocoPhillips, last year.

In the latest quarter, CIBC's U.S. commercial banking and wealth management division reported net income of $ 134 million in the latest quarter, up $ 105 million from the same period in 2017, contributing to a more than 22 per cent increase in adjusted net income year - over-year despite slowing mortgage growtIn the latest quarter, CIBC's U.S. commercial banking and wealth management division reported net income of $ 134 million in the latest quarter, up $ 105 million from the same period in 2017, contributing to a more than 22 per cent increase in adjusted net income year - over-year despite slowing mortgage growtin the latest quarter, up $ 105 million from the same period in 2017, contributing to a more than 22 per cent increase in adjusted net income year - over-year despite slowing mortgage growtin 2017, contributing to a more than 22 per cent increase in adjusted net income year - over-year despite slowing mortgage growtin adjusted net income year - over-year despite slowing mortgage growth.

The income gap between the top one per cent and the rest of filers has widened over time, calculated in 2010 constant dollars.

The Organization for Economic Cooperation and Development estimated that these kinds of profit - shifting practices amounted to about US$ 100 billion - US$ 240 billion in lost tax revenue each year, equivalent to up to 10 per cent of global corporate income tax revenue.

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.

For fiscal 2017 as a whole, each of the five biggest Canadian lenders reported record annual profits for a collective total of $ 40.3 billion in net income, up nearly 13 per cent from a year earlier.

Canadian Natural said fourth - quarter net income was $ 396 million or 32 cents per share, down from $ 566 million or 51 cents per share in the fourth quarter of 2016.

For the second quarter, Intel reported net income of $ 2 billion, or 39 cents a share, in line with expectations.

The ACCA allows manufacturing companies to depreciate, for tax purposes, the value of newly purchased equipment and machinery at the accelerated rate of 50 per cent per year, reducing their taxable income in the first few years of owning the asset.

By contrast, as much as 80 per cent of taxpayers in the top 0.01 per cent of income earners were CCPC owners.

More than 40 per cent of seniors in the tenth decile have earnings from employment, and income from this source accounts for 20 per cent of all income received.

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.

The Task Force concluded that, in 1992, the population included in their analysis had a savings rate of 10.1 per cent, which is greater than the 8.9 per cent target rate that would allow two earner families to meet their retirement income target.

Incomes net of inflation grew by 79 per cent from $ 12,076 in 1976 to $ 21,576 in 2007.

Meanwhile, the total household debt service ratio, measured as total obligated payments of principal and interest as a proportion of household disposable income for both mortgage and non-mortgage debt, remained flat at 13.8 per cent in the fourth quarter.

Statistics Canada said Thursday household credit market debt as a proportion of household disposable income was 170.4 per cent in the fourth quarter.

In the tenth decile, investment income also accounts for 20 per cent of total income received and this is almost double the 11 per cent of income from this source in the 9th decile, the only other decile where investment income accounts for a double digit portion of total incomIn the tenth decile, investment income also accounts for 20 per cent of total income received and this is almost double the 11 per cent of income from this source in the 9th decile, the only other decile where investment income accounts for a double digit portion of total incomin the 9th decile, the only other decile where investment income accounts for a double digit portion of total income.

The C / QPP is accounting for roughly 25 per cent of total income and the GIS tax back associated with the growth of C / QPP income may account for the decline in OAS / GIS payments starting in the 1990s.

From 2001 to 2011, that study found that fewer than five per cent of Canadian taxpayers in the bottom half of the income scale owned at least 10 per cent of the shares in at least one Canadian - controlled private corporation (CCPC).

Budgetary revenues as a share of GDP are projected to decline from 14.8 per cent in 2015 - 16 to 14.4 per cent in 2025 - 26, as higher personal income taxes, resulting from the progressivity of the tax system, are more than offset by stability or declines in the other taxes.

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.

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.

In other words take from all families with children and give to 15 per cent of high - income families with children.

As a share of total household sector disposable income, the cash flow effect in this scenario is estimated be less than 0.2 per cent on average per annum over each of the next three years (Graph 7).

Researchers Michael Wolfson, Mike Veall, and Neil Brooks have shown that if you look at the top one percent of the top one percent of earners (which includes only those with incomes over $ 2.6 million in 2012), upwards of 70 per cent of them have substantial ownership of a CCPC.

In addition, the federal government would reduce its federal taxes (they advocate corporate income taxes) by 90 per cent of the difference between the October 2010 Update projections for the CHT / CHT and the flat - lined amount from 2014 - 15 on.

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.

In comparing total compensation, HR professionals use a rough guideline that benefits can total 20 per cent of income once you include vacation, health and pensions.

NDP commitments include a two point cut in the small business tax rate (already implemented by the Conservatives); extension of the accelerated capital cost allowance for two years (already implemented by the Conservatives (but with a different phase in); an innovation tax credit for machinery used in research and development; an additional one cent of gas tax for the provinces for infrastructure; a transit infrastructure fund; increased funding for social housing; a major child care initiative; and, increasing ODA funding to 0.7 per cent of Gross National Income (GNI).