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The federal finance minister, Don Mazankowski, announced in the 1992 Canadian federal budget the introduction in January 1993 of a renewed and enriched Child Tax Benefit (CTB) that consolidates the family allowance, the child credit and refundable child tax credit into a unified benefit of $1,020 per child (with a supplementary benefit of $75 for the third child and following children).
This template is only capable of inflating Consumer Price Index values: staples, workers' rent, small service bills (doctor's costs, train tickets). This template is incapable of inflating capital expenses, government expenses, or the personal wealth and expenditure of the rich. Incorrect use of this template would constitute original research.
Capital Cost Allowance (CCA) is the means by which Canadian businesses may claim depreciation expense for calculating taxable income under the Income Tax Act (Canada). Similar allowances are in effect for calculating taxable income for provincial purposes.
Canadian federal income taxes, both personal and corporate income taxes, are levied under the provisions of the Income Tax Act. [2] Provincial and territorial income taxes are levied under various provincial statutes. The Canadian income tax system is a self-assessment regime. Taxpayers assess their tax liability by filing a return with the CRA ...
Canadian Passport required and must be valid for the period of intended stay. [344] Canadian Passport exemptions only for nationals of Canada with a NEXUS card embarking in Canada or USA. [344] For frequent travellers there is NEXUS card program designed to let pre-approved, low-risk travellers cross the Canada–United States border quickly. [348]
The Family Allowance Act (French: Loi sur les allocations familiales) [1] is an Act of the Parliament of Canada, legislated in 1944 and initiated in 1945, as the first universal welfare program implemented in Canada, passed under the leadership of Prime Minister William Lyon Mackenzie King.