Examlex
Which of the following statements is not true?
Provincial Tax Rates
The income tax rates levied by a province on individuals and businesses, which vary depending on the province and income level.
Average Provincial Tax Rate
The Average Provincial Tax Rate is the average rate of tax imposed by a province on income, which can vary depending on the income level and specific province.
Average Tax Rate
The ratio of total taxes paid to total income, representing the percentage of income paid in taxes.
Capital Gains
The profit earned from the sale of an asset that has increased in value over the holding period, subject to taxation.
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