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Christopher Columbus, mistakenly believing he was in India, named this group of people in error.
Average Tax Rate
The percentage of total income that is paid in taxes, calculated by dividing the total amount of taxes paid by total income.
Capital Gains
The profit realized from the sale of assets or investments that have increased in value over their purchase price.
Non-Eligible Dividends
Dividends that do not qualify for the enhanced dividend tax credit in certain jurisdictions, often associated with smaller businesses.
Average Tax Rate
The proportion of total income that an individual or corporation pays in taxes, calculated by dividing the total tax by the taxable income.
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