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In 2016-17, cash transfer payments from the federal government to the provinces and territories were $36.1 billion and tax point transfers were worth -$4.3 billion. The Canadian Health Transfer increases in line with a three-year moving average of nominal GDP growth, with funding guaranteed to increase by at least 3.0 per cent per year. [3]
Fares to use the Toronto Transit Commission (TTC) transit system in Toronto, Ontario, Canada, can be paid with various media. The price of fares varies according to age (concessions for seniors aged 65 and over, youth aged 13 to 19, and free fares for children aged 12 and under), occupation (discounts for post-secondary students), income level ...
An additional 5% tax credit was formerly available to Ontario investors who purchased certain research-oriented LSVCC – a kind of specialty LSVCC dealing mostly in research-oriented small companies. The Ontario government has phased out the labour-sponsored funds tax credit. As of January 1, 2012, the credit is no longer available from the ...
Moore, 178 U.S. 41 (1900), confirmed that the estate tax was a tax on the transfer of property as a result of a death and not a tax on the property itself. The taxpayer argued that the estate tax was a direct tax and that, since it had not been apportioned among the states according to population, it was unconstitutional.
A non-refundable tax credit for charitable donations is calculated at the lowest tax rate for the first $200 in a year, and at the highest tax rate for the portion in excess of $200. Donations can result in a reduction in taxes of between 40 and 60% of the donation depending on the province of the taxpayer and type of property donated.
A flow-through share (FTS) is a Canadian tax-based financing incentive that is available to, among others, the mining sector. A FTS is a type of share issued by a corporation to a taxpayer, pursuant to an agreement with the corporation under which the issuing corporation agrees to incur eligible exploration expenses in an amount up to the consideration paid by the taxpayer for the shares.
On August 15, 2023, the credit and debit card single-ride fare payment option was reintroduced as part of a system-wide TTC rollout. Customers can tap a credit or debit card (including those loaded in a digital wallet) on a TTC Presto fare reader to pay their fares or validate transfers. The customer's tapped-in credit or debit card acts as POP ...
In November 2008, Metrolinx, the Ontario government agency for Greater Toronto and Hamilton transportation, released its regional transportation plan titled The Big Move, outlining how an airport rail link was part of a strategy to establish multi-directional high-order transit connectivity to the Pearson Airport district, in addition to the ...