Sentences with phrase «cent of their incomes on»

Of the people who rent in Kamloops, just under half spend more than 30 per cent of their income on rent.

«We spent over 70 per cent of our income on two items.

Two, in a country where we are spending less than 30 per cent of our income on capital expenditure and more than 70 per cent on recurrent expenditure getting out of recession will hardly be quick.

Canadians spent 42.5 per cent of their income on taxes and 37.4 per cent on basic necessities, which include food, clothing and housing, the report found.

TORONTO (NEWS680)-- A new study finds Canadians are paying more than 40 per cent of their income on taxes, compared to just under 40 per cent on the basic necessities of life.

By comparison, in 1961 the average family earned about $ 5,000 and spent 56.5 per cent of its income on food, shelter and clothing, while $ 1,675 went to taxes (33.5 per cent).

June, 2012: Another round of rule changes introduced a stress test reducing the maximum amortization period down to 25 years for high - ratio insured mortgages; a maximum debt load of 44 per cent of income on all mortgages regardless of loan to value; a new maximum loan to value of 80 per cent for refinances; limiting government - backed insured high - ratio mortgages to homes valued at less than $ 1 - million and and creating a maximum 65 % loan to value on lines of credit unless combined with a mortgage component.

Twenty per cent of renters pay more than 50 per cent of their income on housing.

Almost half of survey respondents reported less than $ 30,000 income per year, and a significant percentage of these individuals spend more than 30 per cent of their income on shelter costs, meaning that many seniors continue to reside in homes they are unable to afford.

Not exact matches

On a per - share basis, the Toronto - based company said it had net income of 17 cents.

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.

On a per - share basis, the Evansville, Indiana - based company said it had net income of 91 cents.

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.

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.»

On a per - share basis, the Columbus, Ohio - based company said it had net income of 20 cents.

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

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.

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.

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

Analysts on average had expected adjusted net income of 84 cents, according to data compiled by Thomson Reuters.

On a per - share basis, the Walnut Creek, California - based company said it had net income of 1 cent.

On a per - share basis, the San Diego - based company said it had net income of 8 cents.

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.

On a per - share basis, the Plainsboro, New Jersey - based company said it had net income of 14 cents.

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).

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.

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.

According to Vancity, based on the average income of Vancouverites, the average property now requires more than 48 per cent of household monthly income.

On a per - share basis, the Mountain View, California - based company said it had net income of 35 cents.

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.

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.

«We find that 60 per cent of the small business deduction goes to households with more than $ 150,000 in income,» Mintz said, of research he has previously done on the subject.

-- When changes in the composition of families are taken into account — including fewer adults per household as family sizes decrease — the real after - tax income of middle - class families increased 30 per cent from 1976 to 2010 — on par with other income groups, but still lower than the top earners

While the increase will have a positive impact on the province's total labour market income — hiking it by 1.3 per cent — it will also result in the job losses over a number of years.

Companies are taxed federally at a special preferred rate of 10.5 per cent on their first $ 500,000 of corporate income through the existing small business deduction.

«We have downgraded earnings estimates in FY18 / 19 / 20 by 6 per cent / 2 per cent / 2 per cent» reflecting the $ 35 million loss on the sale of the retirement business this year and the loss of retirement investment income subsequently, the bank said.

And affordability is an even more serious problem for another 22 per cent of people in Kamloops, who spend more than half their income on rent.

In other words, corporate income tax revenues as a share of federal government revenues are on track to rise by 15 per cent in five years.

The change, the government says, will create a threshold of $ 50,000 on passive income per year to ensure only three per cent of the most wealthy private corporations will have to pay higher taxes.

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.

On a per - share basis, the company said it had net income of 36 cents.

Including interest on other forms of household borrowing, total interest costs now stand close to 8 per cent of household income.

All of our businesses had earnings growth this quarter; generating net income of 1.5 billion dollars, and a return on equity of 17.5 per cent, while maintaining our strong Tier 1 capital ratio of 12.7 per cent.

Many co-ops rely on federal subsidies to ensure that members pay no more than 30 per cent of their income towards housing costs.

Moreover, 7.2 per cent growth, which is the other way to look at not taking early benefits, plus indexation, is hard to achieve on a long term basis in income stocks or with federal government bonds with no risk of default.

Close to one - in - five Canadians (17 %) believe that Canada spends more than the UN target of 0.7 per cent of gross national income on overseas development assistance.

Future TFSA income based on present balances of $ 108,437 growing at the present rate of $ 7,200 per year for the next 12 years at 3 per cent after inflation would rise to $ 259,850 and support payments of $ 15,342 per year.

Taking these facts into account, and allowing for the fact that households with debt have, on average, incomes about 30 per cent higher than the average for all households, interest and principal repayments probably account for something like 20 per cent of disposable income among those households who have debt.

Not only are its people more polarized than ever over Puerto Rico's status question — whether to become a sovereign nation, become a state of the U.S. or stay as it is; it is the most impoverished North American territory, with an external debt of over $ 7 billion, an unemployment rate of more than 20 per cent, 65 per cent of its people on federal food stamps and 38 per cent who have an income below the poverty line.