Sentences with phrase «income cut»

The low income cut - off is the level of income below which persons are paying a disproportionate amount of their income for basic necessities (food, shelter and clothing).

Even if the both members of a household work, having income cut in half can prevent people from being able to pay bills and keep up with expenses.

Do a side hustle to improve your income to meet those minimum income cut - offs and eventually you'll able to apply and secure approval for the best credit cards on the market.

Scholars at the American Enterprise Institute, for example, both during the period he studied and more recently, have advocated in their own studies and at conferences, not to mention in the mainstream media, in favor of a carbon tax.4 Under Brulle's parameters, AEI should have been removed from the analysis, and its millions in income cut from the Brulle Number altogether.

Child poverty as measured by the Statistics Canada Low Income Cut Off has fallen since 1989, meaning that the proportion of families forced to spend a well above average share of their budgets on food, clothing and shelter has diminished somewhat.

The draft legislation is the latest in a series of income cuts, tax hikes and reforms imposed on austerity - weary Greeks since 2010, when the debt crisis exploded that brought Greece to the brink of bankruptcy and expulsion from the eurozone — the club of European Union countries that use the euro currency.

Eroding pension plans by shifting risk onto vulnerable employees and retirees with limited ability to absorb income cuts is quite in keeping with the Harper government's determination to lower the boom on public sector workers and improve the profitability of their corporate friends in the private sector.

MPs repeatedly interrupted Harman and the chamber fell silent as Alice Mahon explained why she could not support income cuts to the poorest children in Britain.

Only self - employed people and people with lots of investment income cut significant checks to the IRS (alas I am self - employed and have the privilege of personally remitting my own taxes).

Charities could see their overall income cut, and the discerning will see other ways of giving to charity that are more tax efficient.

However, while high income earners received more benefits under the UCCB regime, the Canada Child Benefit delivers at least some dollars to a broader number of high income families, as illustrated with the high income cut off chart below.

In fact, you probably do not suffer a 6 % income cut at all, even if those 2 companies eliminate their dividend entirely.

The most widely recognizable and commonly cited low income measure in Canada is Statistics Canada's Low Income Cut Off (LICO), which is a hybrid of the absolute and relative measures of low income.

A single earner family has the choice for one spouse to stay home while maintaining a $ 60,000 income, whereas a two earner family does not have that choice unless they want to have their income cut in half.

Second of all, the reason that the government set an income cut - off to Roth IRA eligibility and also set a low annual contribution limit is because the Roth IRA is intended to help regular people build wealth, rather than allow high - income people to stash away tons of money and avoid taxes.

It's not yet clear where all the income cut - offs would occur.

If they have been providing all or part of the family support and must give up their jobs, the family suffers an income cut while its expenses rise.

Due to the complicated nature of the benefit, some pupils in households with incomes of up to # 55,000 will be therefore become eligible for meals, while the income cut - off point for those in neighbouring boroughs still awaiting reforms is as low as # 16,200.

Cutting small daily indulgences is not as important though as focusing on the gap between your expenses and your income

Without a savings cushion, however, the fall after an income cut is much more painful.

Different mortgage programs enforce different debt - to - income cut - offs but evaluating an applicant's DTI is nearly always considered the keystone of a sound underwriting process.

Moreover, their total income is comfortably above the after - tax low - income cut - off, which is about $ 25,000 for a couple in a large urban centre.

Low Income Declaration Applicants - If a pet owner's household income is below the low - income cut - off (LICO) rates adopted by Tails of Help, then they may meet the financial needs criteria.

NO Cost Spay and Neuter Program by The City of Calgary Animal / Bylaw Services Calgary You will be eligible for this program if you are on AISH, Income Support or if your household income is not greater than 85 per cent of the Statistics Canada Low Income Cut - Offs.

Some premium credit cards may have income cut - offs where below that your odds of being approved for that credit card are close to zero, but often a lower income just means a lower credit limit issued by that bank.

At KDS your job is to sort the incoming cut stone from the quarry for sending to the builders at Giza.

If we bring all of the poorest up to $ 5,500 per person per year (the global mean income), then in order to stay within the GDP cap everyone above this level (almost all of whom live in the West) will have to take an income cut, with the richest taking the biggest hit.

As just one comparator, in a report issued last year, Statistics Canada calculated the low income cut - off, before tax, for a single person living in a metropolitan area (more than 500,000 people) for 2014 at $ 24,328, or more than twice the figure that Legal Aid Ontario uses [1].

Nevertheless, the fact that a person, below the low income cut - off, has his or her income largely consumed by those basic necessities obviously means that they do not have sufficient income to allow for extraordinary expenses, such as the fees necessary to retain a criminal defence lawyer to provide representation in a criminal jury trial.

This low - income cut - off (LICO) is sometimes called the «poverty line.»

«As just one comparator, in a report issued last year, Statistics Canada calculated the low income cut - off, before tax, for a single person living in a metropolitan area (more than 500,000 people) for 2014 at $ 24,328, or more than twice the figure that Legal Aid Ontario uses,» he noted.

June 3, 2016 — «A Toronto judge has criticized the income cut - off for legal aid funding in Ontario as «not realistic» given the face of poverty in Canada.

That's roughly half of Statistics Canada's after - tax, low - income cut - off for a single person living in Toronto.

If you've always made enough money to comfortably cover your minimum expenses and more, you might not be aware of how much you actually need to spend every month, leaving you nervous about an income cut.

According to 2005 figures, 33.4 % of those in that category fall below the low - income cut - off.

Different mortgage programs enforce different debt - to - income cut - offs but evaluating an applicant's DTI is nearly always considered the keystone of a sound underwriting process.