Examlex
The dissolution of a partnership occurs when:
Interest Income
Income earned from deposit accounts or investments that pay interest, such as bonds or savings accounts.
Capital Gains
The profit earned from the sale of an asset or investment when the selling price exceeds the original purchase price.
Marginal Tax Rates
The rate at which your last dollar of income is taxed, indicative of the tax bracket in which your income falls.
Provincial Tax Brackets
The tax rates assigned to various income levels within a specific province, determining the amount of tax payable by residents.
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