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Canada Child Benefit
The Canada Child Benefit (CCB), previously the Canada Child Tax Benefit (CCTB), is an income-tested income support program for Canadian families. It is delivered as a tax-free monthly payment available to eligible Canadian families to help with the cost of raising children. The CCTB could incorporate the National Child Benefit (NCB), a monthly benefit for low-income families with children, and the Child Disability Benefit (CDB), a monthly benefit for families caring for children with severe and prolonged mental or physical disabilities. History The CCTB was enacted in response to a commitment made by the Canadian parliament, in November 1989, to eradicate child poverty in Canada by the year 2000.Garcia, Miguel Roberto Sanchez (2002). Targeting child poverty in Canada' (Ph.D. Dissertation) Wilfrid Laurier University Child Tax Benefit (CTB, 1993–1998) The federal finance minister, Don Mazankowski, announced in the 1992 Canadian federal budget the introduction in January 199 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Income Tax
An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income. Taxation rates may vary by type or characteristics of the taxpayer and the type of income. The tax rate may increase as taxable income increases (referred to as graduated or progressive tax rates). The tax imposed on companies is usually known as corporate tax and is commonly levied at a flat rate. Individual income is often taxed at progressive rates where the tax rate applied to each additional unit of income increases (e.g., the first $10,000 of income taxed at 0%, the next $10,000 taxed at 1%, etc.). Most jurisdictions exempt local charitable organizations from tax. Income from investments may be taxed at different (generally lower) rates than other types of income. Credits of various sorts may be allowed that reduce tax. Some jurisdicti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1997 Canadian Federal Budget
The Canadian federal budget for fiscal year 1997-1998 was presented by Minister of Finance Paul Martin in the House of Commons of Canada on 18 February 1997. It is the last budget of the 35th Canadian Parliament and the last budget before the 1997 Canadian federal election. The budget's unofficial subtitle is ''Building the Future for Canadians'' (and for the first time the subtitle is used on the cover page of all budget documents).p. 1 Taxes Personal income taxes The budget focused on increased support for education, healthcare and childcare-related expenses:p. 179-180 * Indefinite carry-forward for Tuition and Education Tax Credit for all tax credits incurred in 1997 and after; * Increase in the Education Tax Credit: from $100 annually in 1996 to $150 in 1997 and $200 in 1998 and subsequent years; * The list of expenses eligible for the tuition tax credit is expanded to include mandatory ancillary fees (except student association fees); * The first $500 of scholarship or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taxation In Canada
Taxation in Canada is a prerogative shared between the federal government and the various provincial and territorial legislatures. Legislation Under the ''Constitution Act, 1867'', taxation powers are vested in the Parliament of Canada under s. 91(3) for: The provincial legislatures have a more restricted authority under ss. 92(2) and 92(9) for: In turn, the provincial legislatures have authorized municipal councils to levy specific types of direct tax, such as property tax. The powers of taxation are circumscribed by ss. 53 and 54 (both extended to the provinces by s. 90), and 125, which state: Nature of the taxation power in Canada Since the 1930 Supreme Court of Canada ruling in ''Lawson v. Interior Tree Fruit and Vegetables Committee of Direction'', taxation is held to consist of the following characteristics: :* it is enforceable by law; :* imposed under the authority of the legislature; :* levied by a public body; and :* intended for a public purpose. In order ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Globe And Mail
''The Globe and Mail'' is a Canadian newspaper printed in five cities in western and central Canada. With a weekly readership of approximately 2 million in 2015, it is Canada's most widely read newspaper on weekdays and Saturdays, although it falls slightly behind the ''Toronto Star'' in overall weekly circulation because the ''Star'' publishes a Sunday edition, whereas the ''Globe'' does not. ''The Globe and Mail'' is regarded by some as Canada's " newspaper of record". ''The Globe and Mail''s predecessors, '' The Globe'' and ''The Mail and Empire'' were both established in the 19th century. The former was established in 1844, while the latter was established in 1895 through a merger of ''The Toronto Mail'' and the ''Toronto Empire''. In 1936, ''The Globe'' and ''The Mail and Empire'' merged to form ''The Globe and Mail''. The newspaper was acquired by FP Publications in 1965, who later sold the paper to the Thomson Corporation in 1980. In 2001, the paper merged with broadcast ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guaranteed Minimum Income
Guaranteed minimum income (GMI), also called minimum income (or mincome for short), is a social-welfare system that guarantees all citizens or families an income sufficient to live on, provided that certain eligibility conditions are met, typically: citizenship; a means test; and either availability to participate in the labor market, or willingness to perform community services. The primary goal of a guaranteed minimum income is reduction of poverty. In circumstances when citizenship is the sole qualification, the program becomes a universal basic income system. Elements A system of guaranteed minimum income can consist of several elements, most notably: * Calculation of the social minimum, usually below the minimum wage * Social safety net that helps those without sufficient financial means survive at the social minimum through payments or a loan, generally conditional on availability for work, performance of community services, some kind of social contract, or commitment t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Child Benefit
Child benefit or children's allowance is a social security payment which is distributed to the parents or guardians of children, teenagers and in some cases, young adults. A number of countries operate different versions of the program. In most countries, child benefit is means-tested and the amount of child benefit paid is usually dependent on the number of children one has. Conditions for payment A number of conditional cash transfer programs in Latin America and Africa link payment to the receivers' actions, such as enrolling children into schools, and health check-ups and vaccinations. In the UK, in 2011 CentreForum proposed an additional child benefit dependent on parenting activities. Australia In Australia, Child benefit payments are currently called Family Tax Benefit. Family Tax Benefit is income tested and is linked to the Australian Income tax system. It can be claimed as fortnightly payments or as an annual lump sum. It may be payable for dependant children from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Basic Income
Universal basic income (UBI) is a social welfare proposal in which all citizens of a given population regularly receive an unconditional transfer payment, that is, without a means test or need to work. It would be received independently of any other income. If the level is sufficient to meet a person's basic needs (i.e., at or above the poverty line), it is sometimes called a full basic income; if it is less than that amount, it may be called a partial basic income. No country has yet introduced either, although there have been numerous pilot projects and the idea is discussed in many countries. Some have labelled UBI as utopian due to its historical origin. There are several welfare arrangements which can be considered similar to basic income, although they are not unconditional. Many countries have a system of child benefit, which is essentially a basic income for guardians of children. Pension may be a basic income for retired persons. There are also quasi-basic income p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2010 Canadian Federal Budget
The Canadian federal budget for the 2010-2011 fiscal year (April 1, 2010 - March 31, 2011) was presented to the House of Commons of Canada by Finance Minister Jim Flaherty on March 4, 2010 after returning from a two-month prorogued parliament. Areas of direction *$3.2 billion in personal income tax relief. *Over $4 billion in actions to create and protect jobs. *$7.7 billion in infrastructure stimulus to create jobs. *Nearly $2 billion to help create the "Economy of Tomorrow" *$2.2 billion to support industries and communities. * Fiscal spending of $1.6 billion on unemployment benefits and $1 billion in new skills and training programs. * Youth-related spending of $108 million During the budget speech on 4 March 2010, Flaherty announced the use of a polymer substrate for the upcoming Frontier Series of banknotes of the Canadian dollar and that future versions of the loonie ($1 coin) and toonie ($2 coin) would be made of steel instead of ni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada Revenue Agency
The Canada Revenue Agency (CRA; ; ) is the revenue service of the Canadian federal government, and most provincial and territorial governments. The CRA collects taxes, administers tax law and policy, and delivers benefit programs and tax credits. Legislation administered by the CRA includes the ''Income Tax Act,'' parts of the ''Excise Tax Act'', and parts of laws relating to the Canada Pension Plan, employment insurance (EI), tariffs and duties. The agency also oversees the registration of charities in Canada, and enforces much of the country's tax laws. From 1867 to 1999, tax services and programs were administered by the Department of National Revenue, otherwise known as Revenue Canada. In 1999, Revenue Canada was reorganized into the Canada Customs and Revenue Agency (CCRA). In 2003, the Canada Border Services Agency (CBSA) was created out of the CCRA, leading to customs being dropped from the agency's mandate and the agency's current name. The CRA is the largest organiz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stephen Harper
Stephen Joseph Harper (born April 30, 1959) is a Canadian politician who served as the 22nd prime minister of Canada from 2006 to 2015. Harper is the first and only prime minister to come from the modern-day Conservative Party of Canada, serving as the party's first leader from 2004 to 2015. Harper studied economics, earning a bachelor's degree in 1985 and a master's degree in 1991. He was one of the founders of the Reform Party of Canada and was first elected in 1993 in Calgary West. He did not seek re-election in the 1997 federal election, instead joining and later leading the National Citizens Coalition, a conservative lobbyist group. In 2002, he succeeded Stockwell Day as leader of the Canadian Alliance, the successor to the Reform Party, and returned to parliament as leader of the Official Opposition. In 2003, Harper negotiated the merger of the Canadian Alliance with the Progressive Conservative Party of Canada to form the Conservative Party of Canada and was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Premiership Of Stephen Harper
The premiership of Stephen Harper began on February 6, 2006, when the first Cabinet headed by Stephen Harper was sworn in by Governor General Michaelle Jean. Harper was invited to form the 28th Canadian Ministry and become Prime Minister of Canada following the 2006 election, where Harper's Conservative Party won a plurality of seats in the House of Commons of Canada, defeating the Liberal Prime Minister Paul Martin's government. In the 2011 federal election, Harper won his first and only majority government. Background From Canadian Confederation until the 1993 election, the Liberal Party's control has been the rule of who was in power in Canada, with short-lived Conservative governments to break up their long stretches of governance. Stephen Harper, then a member of Parliament, and political scientist Tom Flanagan described this as "a benign dictatorship, not under a strict one-party rule, but under a one-party-plus system beset by the factionalism, regionalism and c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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