Examlex
Briefly discuss the shifts in the composition of the total Canadian population with respect to ethnic origin. How does Canada's present older population compare? Will this stay the same in the future?
Foreign Tax Credit
A credit that allows U.S. taxpayers to offset income tax paid to foreign governments against their U.S. tax liability on the same income.
Taxable Income
Income on which tax must be paid; total income minus deductions and exemptions.
Foreign Income Taxes
Taxes levied by a foreign government on income earned within its jurisdiction, which may be creditable or deductible on domestic tax returns.
Adoption Credits
Tax credits offered to adoptive parents to offset qualified adoption expenses, making adoption financially feasible for many families.
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