Sentences with phrase «cent of the income for»

It's reasonable to say that, if the generations alive in the next few decades are willing to give up, say 3 per cent of their income for a project which will deliver most of its benefits after 2050, those who will benefit from that (modest but not insignificant) sacrifice ought to be willing to give up a similar proportion of their (almost certainly much higher) incomes, to return the environment to something like the starting point, before the process of industrialisation that delivered all that wealth.

A new stress test was also introduced to ensure that debt costs are no more than 44 per cent of income for lenders seeking a high - ratio mortgage.

Not exact matches

For the poorest 20 per cent among us, that's roughly 2.4 per cent of income; for the richest 20 per cent, it's barely 0.5 per ceFor the poorest 20 per cent among us, that's roughly 2.4 per cent of income; for the richest 20 per cent, it's barely 0.5 per cefor the richest 20 per cent, it's barely 0.5 per cent.

A household with a $ 360,000 mortgage and a gross income of $ 63,000, for example, would have to pay an extra $ 180 monthly, around 3.5 per cent of income.

Because the average salary for a woman still lags behind men's (the American Association of University Women says women earn 82 cents for every dollar a man makes one year after graduation) and lenders favor two - income households over single earners, Lautz says women are «making the most sacrifices to get into a home, but they're still placing a high value on owning a home of their own.»

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.

B.C.'s net income tax rate will be 3.5 per cent for LNG players — half of what was proposed earlier.

But its retail and business banking segment reported net income of $ 546 million for the second quarter, down $ 26 million or five per cent year over year.

CIBC's wealth management business reported net income of $ 117 million for the second quarter, up $ 26 million or 29 per cent from the same period a year ago.

«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.

For the full year, net income was $ 131 million, or 45 cents per diluted share, on revenues of $ 12.1 billion.

The lender's Canadian personal and small banking arm reported net income of $ 656 million for the period, down $ 149 million or 19 per cent compared with a year ago.

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.

Quebec already has a policy with a paid, five - week leave for fathers that covers up to 70 per cent of their income.

The investment announcement came as Canfor reported adjusted net income of $ 114.8 million or 89 cents per share for the last quarter, up from $ 37.7 million or 29 cents per share for the last quarter of 2016.

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 earliFor 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 earlifor a collective total of $ 40.3 billion in net income, up nearly 13 per cent from a year earlier.

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.

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.

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.

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 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.

OAS / GIS alone is accounting for nearly 60 per cent of total income.

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.

Many Canadians - I mentioned 69 per cent of older Canadians - have effectively used RRSPs to save and invest for their retirement, and then effectively used the companion vehicle of a Retirement Income Fund or «RIF» to fund their retirement lifestyles.

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 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.

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).

NDP promises include a two point cut in the small business tax rate (already implemented in the budget by the Conservatives); extension of the accelerated capital cost allowance for two years (also already implemented by the Conservatives); 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; increasing ODA funding to 0.7 per cent of Gross National Income (GNI); and restoring the 6 % annual escalator to the Canada Health Transfer.

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.

Another announcement that will benefit Greater Vancouver Board of Trade Members is today's affirmation that the Provincial Government will cut the small business corporate income tax rate from 2.5 per cent to 2 per cent, which will make B.C. the second-most competitive tax environment for small business in the country.

KKR's economic net income per share came in at 42 cents in the first quarter, ahead of analysts» expectations for 11 cents, according to Thomson Reuters I / B / E / S.

Given the remittance requirements, about forty per cent of corporate income tax revenues are received in the months of December, February and March, such that the current monthly results may not be reflective of the final results for the year as a whole.

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.

Corporate income taxes were down 2.4 per cent, compared to the Budget 2013 estimate of an increase of 4.8 % for the year as a whole.

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

If this wasn't enough to get environmentalist in an uproar the government then proposed changes to the income tax act that would require that that charities disclose foreign sources of funds and demonstrate that the organization satisfied the 10 per cent rule for political activities.

Personal income taxes were up only 2.3 per cent, about half the rate of growth expected for the year as a whole.

The proposals from the presidential campaign, reiterated last week by President - elect Donald Trump's choice for Treasury secretary, will massively favour the top 1 per cent of income earners, threaten an explosive rise in federal debt, complicate the tax code and do little if anything to spur growth.

The Globe and Mail, in a front page article entitled «Consider This» argued that the political «parties should commit to holding the line on EI premium increases» [1] They argued that EI premium rates are going up by 15 cents per $ 100 of insurable earnings for every future year and that this is a significant hit on incomes and pocketbooks.

While Barbara Stymiest will provide a detailed review of our first quarter results that were released earlier this morning, I am pleased to report record earnings for the quarter with net income of almost 1.5 billion dollars, up 28 per cent from a year ago.

For example, an affordability reading of 50 per cent means that homeownership costs, including mortgage payments, utilities and property taxes, would take up 50 per cent of a typical household's monthly pre-tax income.

Only a small minority (roughly 15 to 20 per cent) of middle - income Canadians retiring without an employer pension plan have saved anywhere near enough for retirement and the vast majority of these families with annual incomes of $ 50,000 or more will be hard pressed to save enough in their remaining period to retirement (less than 10 years) to avoid significant fall in income.

Mr. Trump is calling for a consolidation of income tax brackets to three buckets from seven, at rates of 12 per cent, 25 per cent and 33 per cent, respectively.

Real after - tax income of middle - class families (considered the middle quintile or middle one - fifth of families) in Canada grew by only seven per cent between 1976 and 2010 — or 0.2 per cent per year — according to the report, with the average family income (after taxes and transfers) totalling $ 49,700 in 2010 for the middle - income families.

Since 1976, the average after - tax income of all Canadian families grew 18 per cent in real terms (adjusting for inflation) to $ 61,000 in 2010 (most recent data available), say the documents.

-- The top quintile (top 20 per cent) saw their family income grow by 27 per cent during that time (average after - tax, after - transfer family income of $ 135,500), compared to 14 per cent for the second - highest quintile (after - tax family income of $ 73,500), nine per cent for the second - lowest quintile ($ 32,700) and 16 per cent for the bottom one - fifth of income earners (after - tax income of $ 14,600)

-- Since 1976, the average after - tax income of all Canadian families grew 18 per cent in real terms (adjusting for inflation) to $ 61,000 in 2010 (most recent data available)