Sentences with phrase «income taxpayers essentially»

Indeed, thanks to the dividend tax credit, some low - income taxpayers essentially pay no tax on Canadian dividends.

Not exact matches

The bill would end the alternative minimum tax, which essentially requires taxpayers to calculate their liability twice: Once with deductions under the regular income tax rules and once without those breaks.

The Ontario government changed tax rules in 2005 to allow physicians to issue non-voting shares to family members of physician professional corporations, which means doctors were allowed to begin paying dividends to spouses from their CCPC income, essentially splitting the income between both taxpayers.

Thus, as a public union, the NEA (so too the American Federation of Teachers), is, essentially, spreading around tax dollars, money over which the taxpayer has no control, an income redistribution effort that could easily be mistaken for a kickback or, in states where union membership and dues are not voluntary, a not - so - hidden and not - so - representative tax.

Some of the benefits student loan borrowers in an income - driven repayment plan receive (lower payments and potential forgiveness) are essentially subsidized by taxpayers.

Essentially, CRA has been reassessing taxpayers in the above situation and denying the capital gains claim, characterizing the profit as taxable income.