Examlex
What are the five steps in the benchmarking process.
Taxes
Compulsory financial charges imposed by a government on individuals, corporations, or other entities, primarily used to fund public expenditures.
Tax Brackets
Ranges of income taxed at different rates, designed to ensure that taxpayers with higher incomes pay a higher percentage of their income in taxes.
Canada Revenue Agency
The federal agency responsible for administering tax laws for the Canadian government and for most provinces and territories.
Taxable Income
The amount of income used to calculate how much the individual or company owes in taxes to the government.
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