Sentences with phrase «one cent tax»

The 13.16 per cent tax rate for incomes above $ 514,000 will now apply to incomes above $ 220,000.

A year ago, foreign buyers in Vancouver also had to pay a 15 per cent tax.

TORONTO — Toronto's red - hot real estate market could get even hotter as foreign nationals looking to dodge a new 15 per cent tax on properties in Vancouver seek new places to invest, realtors say.

A Canadian Controlled Private Corporation (CCPC)-- it might be a doctor's practice, or a farm, or a restaurant — pays about 15 per cent tax on profits from its main business line.

Or at least that's what the real estate industry is hoping, now that non-residents who buy homes in Vancouver and Toronto face a 15 per cent tax.

The Real Estate Board of Greater Vancouver released the data a month after the British Columbia government implemented a 15 - per - cent tax on foreign buyers in Metro Vancouver in an effort to chill one of the hottest markets in North America.

Bottom - line earnings got a boost from a 4 - cent tax benefit on the sale of Wells Fargo Insurance Services.

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.

Home resales were already on a downward track before the British Columbia government introduced a 15 per cent tax on home purchases by foreign nationals in Metro Vancouver, and area resales could see further significant weakness in the near term if there is a sharp downgrading of future price expectations and a drop in speculative activity.

Returning the rate to that level, combined with the most recent uptick in the top marginal personal income tax rate, would mean that Ontario investors would pay as much as 40 per cent tax on capital gains.

Something needed to be done and Premier Christy Clark's announcement Monday of a 15 - per - cent tax on non-Canadians buying residential real estate was one way to deal with this politically volatile issue.

No one likes tax increases, though, and an argument can be made that a 15 - per - cent tax will create a disincentive to investment.

Senator Massicotte: If we assume a 10 per cent tax on all imports from the United States, would there be a major impact or would it be easy to adapt to the transition?

In contrast, the Trump proposal creates sheltering opportunities by reducing to 15 per cent the tax rate on any income that can be characterised as coming from an incorporated entity.

Will a 15 per cent tax matter to an offshore speculator who is convinced the value of the house he or she buys will grow by double that rate in one year?

Now the provincial Liberals have introduced a 15 per cent tax on foreigners who buy property in Metro Vancouver.

«[We'll provide immediate and permanent help for Canada's hard working small business people, who are the backbone of the local communities and the creators of 80 per cent of all new jobs in this country,» Mulcair said, in announcing the nearly 20 per cent tax reduction.

It also confirmed it would introduce a 3 per cent tax on company dividends, increase wealth and inheritance taxes and abolish a tax «shield» — or ceiling — for the wealthy in its effort to meet its targets of cutting the budget deficit to 4.5 per cent of gross domestic product this year and 3 per cent in 2013.

Ontario's measures, which were retroactive to April 21, include a 15 per cent tax on foreign buyers in the Greater Golden Horseshoe region, expanded rent controls and legislation allowing Toronto and other cities to tax vacant homes.

Tiah admits as many as ten per cent of the 217 luxury condos were purchased by international high rollers — even with B.C.'s pesky fifteen per cent tax on foreign buyers.

But with Vancouver's housing market already slowing after the provincial government imposed a 15 per cent tax on foreign buyers there, the latest federal measures add another weight.

Detached homes were selling for more than $ 1.8 million in April before the province moved in to cool the market by implementing a 15 per cent tax on foreign buyers and extending rent control rules, two of 16 measures that were part of its Fair Housing Plan.

B.C. added a 15 per cent tax on property purchases.

Within budgetary revenues, personal income tax revenues declined by $ 1.2 billion (0.8 %), largely reflecting the impact of tax planning by high - income individuals, which recognized tax liabilities in the 2015 taxation year before the new 33 per cent tax rate came into effect in 2016.

Income at this point would be $ 9,374 a month before tax or $ 7,967 per month after splits of eligible pension income and 15 per cent tax.

Eliminating PST exemptions on environmentally friendly products: The B.C. Liberals» HST doublecross resulted in a 7 - per - cent tax increase on numerous environmentally friendly products, including bicycles and Energy Star rated appliances and windows.

Dividends out of their personal holding companies were taxed ten years ago at 30 per cent and this year leapt by 12.8 per cent from 40.13 per cent to 45.3 per cent tax rates.

China's creation of a «positive list» of products that can be sold on cross-border websites comes after it slapped an 11.9 per cent tax on foreign goods bought online.

The changes involve charging an 11.9 per cent tax on cross-border e-commerce sales and drafting a list of what can or can not be sold on that platform in an attempt to level the playing field between online and traditional bricks and mortar stores.

More than $ 800 million has been wiped off the combined market value of Blackmores, Bellamy's and A2 Milk in the past three days, after Chinese authorities imposed an 11.9 per cent tax on products bought from foreign websites and created a «positive list» of products allowed to enter the country via free - trade zones.

The further tightening of regulations came after Beijing last Friday slapped a 11.9 per cent tax on goods bought through foreign websites.

In fact, research from the McKinsey Global Institute found that a 10 per cent tax on high - sugar products would be one of the least effective measures in combatting obesity, ranking 14th out of 17 intervention methods1.

Research from the McKinsey Global Institute found that a 10 per cent tax on high - sugar products would be one of the least effective measures in combatting obesity, ranking 14th of 17 intervention methods, with portion control having the highest estimated impact with the most cost effective measures.

The president of the French League has warned of a talent drain from clubs playing in Ligue 1 after the French government refused to exempt footballers from their new 75 per cent tax on annual earnings above $ 1million (# 848,862).

We are asking residents to approve a 7 - cent tax rate increase that will generate revenue for maintenance and operation of existing trails, parks, playgrounds, shelters and facilities.

On March 20, the Fox Valley Park District is asking voters in Aurora, North Aurora and Montgomery to approve a 7 - cent tax rate increase that will generate revenue for maintenance and operations.

Park District commissioners in Tinley Park voted 3 - 2 Wednesday night to ask voters to approve a proposed 12.5 - cent tax rate increase to build a recreation center and make other park renovations.

CAROL STREAM — The Carol Stream Park District is beginning to seek support for an April ballot question that will ask voters if they approve of a 7.5 - cent tax rate increase to pay for maintenance of parks and equipment.

Voters will be asked to approve a five - cent tax rate increase.

The Mt. Prospect Park District in March gave itself the power to levy a 2.5 - cent tax per $ 100 of assessed valuation to fund the establishment of a security force to protect the district «s 27 parks from vandalism and gang activity.

Tinley Park residents decided in November 1998 that the price for the Park District's first recreation center was too high, so voters rejected a referendum proposal seeking a 12.5 cent tax rate increase to fund the project.

In New Lenox, the Public Library District is seeking voter approval of a 13 - cent increase in its tax rate to restore hours of service at the library that were cut after a proposed 15 - cent tax rate increase was rejected in November.

The second proposal asked for a 10 - cent tax hike that would have been spent to develop baseball and soccer fields on the site.

The Winfield Park District is seeking permission to issue $ 950,000 in bonds to buy park land, and the Elmhurst Park District is seeking to increase by 20 cents its tax rate of 50.6 cents.

The district plans a similar referendum this November for a 3 - cent tax increase in the recreation fund.

A question on the April 13 ballot will ask voters whether they want to approve an 8 - cent tax increase to pay for a 26 - mile trail system, operation and maintenance of parks, and the new recreation center.

Officials in North Palos School District 117 are devising a financial strategy that they hope will lessen the impact of the recently approved 90 - cent tax rate increase.

Even Mayor Richard Daley's wised up, successfully proposing the 5 - cent tax on water bottles that went into effect Jan. 1.

The Park Board held a committee of the whole meeting Tuesday to kick off its educational campaign for the 4 - cent tax increase it decided to put on the ballot last month.

No one wants to read comments complaining about a 3 cent tax on plastic bags — or how one party has made you energy bill $ 3 higher than you want.