Tuesday, May 02, 2006

Add it up

From the 2006 Federal Budget:

Personal Tax Measures

  • The lowest personal income tax rate, which applies to all income earned up to a threshold of about $36,400, will rise to 15.5 per cent effective July 1.

Business Tax Measures

  • The general corporate tax rate will be cut to 19 per cent from 21 per cent by 2010.
  • The corporate surtax for all businesses will be dropped by Jan. 1, 2008.
  • The federal capital tax is eliminated, retroactive to Jan. 1, 2006.
That's fair, isn't it?

No comments: