Sentences with phrase «cent of their income up»

WHAT IT DOES: Canadian small businesses have been taxed at 11 per cent of their income up to $ 500,000.

The maximum you can contribute to your RRSP each year is 18 per cent of your income up to a certain limit (the ceiling for 2017 is $ 26,010).

Not exact matches

BMO's U.S. personal and commercial banking division reported net income of $ 310 million, up 24 per cent from a year earlier.

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.

Excluding such items, CIBC's adjusted net income was $ 887 million, or $ 2.17 cents per share, up three per cent year over year and ahead of analysts» expectations of $ 2.07 per share.

Roughly 30 per cent of that tax the CCPC paid up front on passive income is refunded when the dividends are distributed.

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 growth.

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.

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 earlier.

The Aussie will decline to 72 US cents by year - end as restrained economic growth and inflation mean the Reserve Bank of Australia will take a «few years» to catch up with the Federal Reserve in raising borrowing costs, said Philip Moffitt, Asia - Pacific head of fixed income in Sydney at the firm, which oversees more than $ US1 trillion.

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

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.

And while Canada - wide median incomes were up by an inflation - adjusted 3.5 per cent over that time, the performance was heavily influenced by oil - rich provinces such as Alberta and Saskatchewan — a trend that's since hit a wall, thanks to the collapse of global oil prices.

Fast - food restaurant operator Yum Brands Inc. said Wednesday it had net income of $ 433 million, or $ 1.27 a share, in the first quarter, up from $ 280 million, or 77 cents a share, in the year - earlier period.

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.

Growth in household disposable income picked up steadily over the past year, driven by solid employment growth, to be running at just under 6 per cent over the year to the June quarter, the highest rate of increase for almost three years.

Statistics Canada said household credit market debt as a proportion of household disposable income increased to 167.8 per cent, up from 166.6 per cent in the first quarter.

«By contrast, we expect payments to eat up roughly 20 per cent of Vancouver incomes,» it says.

For the second quarter, which ended June 30, Amazon reported net income of $ 857 million, or $ 1.78 a share, up from $ 92 million, or 19 cents a share, a year ago.

The OECD concluded earlier this month that, nationally, Canada's housing market is over-valued as much as 30 per cent, based on the ratio of house prices to disposable income, and up to 60 per cent if the comparison is to the historical value of rent.

In 2013, our employees delivered record net income of 8.3 billion dollars, up 11 per cent from last year and generated a return on equity of 19.7 per cent with diluted earnings per share of 5 dollars and 49 cents.

Assuming that they invest $ 1.5 million of their financial assets at 3 per cent after inflation and use up all income and capital in the 37 years to Nancy's age 95, it would generate $ 65,700 per year or $ 5,475 per month before tax.

Despite analysts predicting T - Mobile would have a profit of about 30 cents a share, the company reported a net income of $ 390, which translates to 45 cents per share for Q4 (which is up from $ 297, or 34 cents per share year ago).

The benefits cover up to 75 per cent of lost income, compared to 55 per cent through EI, and can last for 55 weeks.

The annual cost of certification, including surveillance audits and membership fees, can reach up to 12 per cent of annual incomes.

These costs can add up quickly, especially if you've already been squeezing every cent out of your household income.

And Mr Huhne warned that instead of taxing polluting behaviour, chancellor Gordon Brown had «done the opposite - he has cut taxes on polluters by 20 per cent and put up taxes on income».

Under «relief at source» arrangements, members of pension schemes who do not pay income tax are nonetheless permitted to basic rate tax relief (20 per cent) on pension contributions up to # 2,880 a year.

That this House declines to give a Second Reading to the Welfare Benefits Up - rating Bill because it fails to address the reasons why the cost of benefits is exceeding the Government's plans; notes that the Resolution Foundation has calculated that 68 per cent of households affected by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000 a yeaUp - rating Bill because it fails to address the reasons why the cost of benefits is exceeding the Government's plans; notes that the Resolution Foundation has calculated that 68 per cent of households affected by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000 a yeaup or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per cent; and further believes that the proposals in the Bill are unfair when the additional rate of income tax is being reduced, which will result in those earning over a million pounds per year receiving an average tax cut of over # 100,000 a year.

The Crowdfund Act, which passed the Senate last week as an amendment to the larger Jumpstart Our Business Startups Act, would let anyone invest up to 5 per cent of their annual income, or $ 2000, in a project or firm that is listed on a crowdfunding website.

For the financial year ending 31st March 2017, Square Enix saw net sales of # 1.7 bn - an increase 20 per cent versus the previous year, with operating income up 20.3 per cent and ordinary income up 22.9 per cent.

Traditional payment methods Cash payments still remain popular, especially when it comes to those on a lower income who need help budgeting their money, and cash payments still made up 45 per cent of payments in 2015.

To try and generate additional income, 42 per cent of school leaders report letting school buildings, 10 per cent admit to setting up on - site nursery provision, and 25 per cent are linking up with nearby schools to share catering or cleaning contracts.

It reported that at the Bank of Montreal (TSX: BMO), foreign clients need a 35 per cent down payment to qualify for mortgages of up to $ 2 million to avoid having to verify their income.

Assuming that they invest $ 1.5 million of their financial assets at 3 per cent after inflation and use up all income and capital in the 37 years to Nancy's age 95, it would generate $ 65,700 per year or $ 5,475 per month before tax.

The current CPP deal is meant to replace 25 per cent of earnings up to the ceiling, while the new plan would aim to replace one third of income up to the new, higher ceiling.

For GIS recipients, most types of income including CPP payouts (but not OAS payouts) result in a deep clawback: You give up roughly 50 cents of GIS for every dollar of CPP payout.

New parents must be cognizant that Canada's maternity leave and parental benefits only pay 55 per cent of a person's income up to $ 537 a week, except in Quebec, which runs its own provincial program.

Statistics Canada said Wednesday the ratio of household credit market debt to adjusted disposable income crept up to 166.9 per cent in the third quarter, up from 166.4 per cent in the second quarter.

The household debt - to - income ratio now stands at 169.4, up 23 per cent from a decade ago, and on par with what the U.S. saw at the peak of its housing bubble.

In Ottawa, home ownership costs for a single - family detached home in the fourth quarter took up 36.5 per cent of a typical household's pre-tax income.

Active Canadian equity ETFs make up only one or two per cent of the $ 85 - billion domestic ETF market, although industry executives say it's closer to the four - to - six - per - cent range when you include actively managed fixed - income products.

His job provides a basic 5 per cent contribution by his employer to his plan plus a variable match of contributions up to 4 per cent of gross income with a 50 per cent (2 per cent in this case) match.

According to the Greenwich Associates survey, nearly 70 per cent of Canadian institutions now employ fixed income ETFs, up from just more than half last year and 45 per cent two years ago.

The tax treatment of Canadian dividends is really great... some smarter person will provide the exact figure, but basically you end up keeping something like 80 cents (probably more) on the dollar depending on your income / tax situation.

Couples will receive up to $ 24,027 per year, less 50 per cent of any income they earn.

Single people will receive up to $ 16,989 per year, less 50 per cent of any income they earn.