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Political contributions are publicly subsidized via a personal income tax credit that credits 75% of the first $400 contributed, 50% of the amount between $400 and $750, and 33.33% of the amount over $750, up to a maximum tax credit of $650 (reached when contributions by an individual total $1,275 in one calendar year.)
Create a filming tax-credit; Extend the Staycation tax credit [97] Remove the provincial sales tax from prepared meals under $20 (increase from $4) [94] [136] Increase the corporate tax rate by 1% on corporations with a profit above $1 billion; Increase the income tax rate by 2% on income over $500,000; Introduce a 5% tax on vacant homes for ...
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.
Although federal tax law does not allow for political deductions, some state laws may allow for a tax credit or deduction. The donation has to be related to a state-level campaign or candidate.
It would raise their "bottom line, while forcing Ontario's minority Liberal government to find the difference ahead of a budget that [had] the potential of triggering a provincial election." [16] In 2013–2014, Ontario's per capita payments were the lowest at $230.20. [7] As of 2019–2020 Ontario stopped receiving equalization payments. [16]
Until the 2009–2010 fiscal year, Ontario was the only province to have never received equalization payments; in 2009-2010 Ontario received 347 million dollars, [7] while Newfoundland, which has received payments since the program's creation, is now a so-called "have" province, and is now a net contributor and does not receive payments.
Reduced the small business tax rate by 8.7%. Scrapped the 2015 sex-ed curriculum in favour of the 1998–2014 curriculum. Introduced free dental care for low-income seniors. Oversaw Ontario's response to the COVID-19 pandemic. Removed passenger vehicle license plate renewal fees.
The city’s hated new congestion toll could dangerously delay FDNY response times — meaning the “difference between life and death,” unions repping thousands of Bravest warned Sunday. The ...