If a Married Couple Has One Primary Breadwinner, Filing a Joint

question 94

True/False

If a married couple has one primary breadwinner, filing a joint return will likely result in a marriage penalty.

---

Definitions:

Simple Interest

Interest calculated on the principal or original amount of a loan or investment, without compounding.

GICs

Guaranteed Investment Certificates (GICs) are Canadian investment vehicles offering a guaranteed rate of return over a fixed period of time.

Investor

An individual or organization that allocates capital with the expectation of achieving a financial return.

Promissory Note

An economic tool comprising a formal pledge by one entity to give a specific amount of money to another, either upon request or at a predetermined future time.