Examlex
Imagine you are a social worker preparing a presentation about sexuality for parents of intellectually disabled teenagers. What topics will you cover and why?
Eligible Dividends
Dividends that are designated by a corporation to be eligible for a lower tax rate for the receiver, depending on jurisdiction.
Average Tax Rate
The percentage of total income that goes to taxes, calculated by dividing the total amount of tax paid by the total income.
Taxable Income
The sum of earnings that determines the tax liability of a person or corporation to the state.
Marginal Provincial Tax Rate
The percentage of tax applied to your next dollar of income, specific to the tax brackets determined by a Canadian province.
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