Sentences with phrase «one cent of income»

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 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.

Household debt stands at 170.4 per cent of income.

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.

«From 1980 to 2007, in that period, revenues from the top 1 per cent of income earners went from 1.6 per cent of GDP, to 3.1 per cent of GDP, a huge surge of revenues from the highest income earners,» he said, crediting tax cuts with generating that wealth during those years.

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

By contrast, as much as 80 per cent of taxpayers in the top 0.01 per cent of income earners were CCPC owners.

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.

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.

Susan pays about 36 per cent of her income in taxes while Bob only pays 20 per cent, a $ 35,000 difference.

In comparing total compensation, HR professionals use a rough guideline that benefits can total 20 per cent of income once you include vacation, health and pensions.

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.

Fully seven - in - ten non-owners (71 %) say that the top one per cent of income earners, some 270,000 Canadians, don't pay their fair share.

A stiff challenge, put completely out of reach for most Canadians by the federal Income Tax Act, which limits tax - deferred retirement saving to 18 per cent of income or $ 22,970 — whichever, in words the income tax form has made so familiar, is less.

The government numbers show that it's only the top one per cent of income tax filers whose corporations will be affected by the changes but this change will still reap a windfall for federal coffers.

Any non-federal employee earning the equivalent of an MP's salary, who wants an equivalent inflation - indexed benefit backed by the federal government, would need to buy federal real - return bonds — to the tune of about 70 per cent of income!

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

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

The top one per cent of income earners took about a third of all income gains in the decade from 1997 to 2007.

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

Canadian household debt was 167 per cent of income in the second quarter, a level that the central bank considers a threat to financial stability because a wave of personal bankruptcies and home foreclosures could cripple the banking system.

Our estimate is that households currently pay about 2 1/2 per cent of income in required principal repayment, which brings their total debt servicing to 10 per cent of disposable income.

While in 1970, 25 per cent of income generally went for rent, today, according to National Low - Income Housing Coalition reports, that percentage for many renters, especially the poor, has doubled.

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

Three - quarters of the rise of the top 10 per cent of incomes comes from a rise in the incomes of the top 1 per cent.

Piketty's primary culprit is the «rise of the supermanager»: the increased remuneration flowing to top executives and financiers who disproportionately comprise the top 1 per cent of incomes (there are many more Jamie Dimons than JK Rowlings).

3) Fuel poverty is defined as when a household is required to spend more than ten per cent of its income after housing costs on total fuel use.

In 2015, Northern Irish farmers received 87 per cent of their income direct from European Union grants.

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.

A country like Ethiopia as at now has reached a level where 60 per cent of her income is being spent on capital expenditure and 40 per cent on recurrent expenditure.

A pensioner couple would suffer cuts equivalent to 16.2 per cent of their income, while an affluent family with children suffer cuts of 4.2 per cent.

Some 80 per cent of its income comes from a single licence granted to Glaxo - Wellcome for atracurium, a muscle relaxant used in anaesthesia.

People earning more than $ 100,000 a year would be allowed to invest 10 per cent of their income.

Today it earns about 60 per cent of its income from contract research.

Xi Zhang at the University of California at Santa Cruz and his team calculated that the particles can absorb about 1 to 5 per cent of incoming solar energy, with the rest reflected back by Pluto's surface (Nature, doi.org/cgbz).

The overspend of # 171 million represents one per cent of income, with teaching staff being the largest expenditure at # 8.27 billion.

Despite this reform, it is estimated that universities will still see around 20 per cent of their income disappear.

It gives you all the benefits of having a publisher without losing control, ownership or a cent of your income.

«With more than 42 per cent of their income going to taxes, Canadians might ask whether they're getting good value for their tax dollars.»

Economist Michael Wolfson showed that those in the top 0.01 per cent of income earners are more than 10 times as likely to hold shares in a small business corporation compared to median - earning Canadians.

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).

Under the current CPP, employers and employees each contribute 4.95 per cent of income between $ 3,500 and $ 54,900.

«Twenty - five per cent of my income, what are you talking about?

Urban workers pay 8 per cent of their income toward retirement; their employers add 20 per cent.

British retirees receive just 38 per cent of their income from government pensions, far less than German and Italian retirees; British retirees get 26 per cent from company pensions.

The rationale is that you are receiving 100 per cent of the benefits of living in Canada, so you should pay tax on 100 per cent of your income.

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.