Income Tax Act of 1985?

Answer The Income Tax Act of 1985 lays out the provisions of federal taxation of income in Canada, for both residents and nonresidents working in Canada. In Canada, both federal and provincial governments... Read More »

Top Q&A For: Income Tax Act of 1985

Stratification of High Income, Middle Income and Low Income Nations?

The World Bank uses a system of classification of all countries' economies by income for analytical purposes. The main classification criteria is gross national income (GNI) per capita, with every ... Read More »

What type of tax is one that takes a smaller percent age of income from high-income people than from low-income people?

Probably a regressive tax, but also unfair, immoral, and probably Republican written.

At what income does a minor have to file an income tax return?

As of the 2009 tax year, if a minor has gross income of more than $9,350, she must file income taxes. Gross income is the total amount of taxable income the child earns during the year. If the mino... Read More »

Is there a minimum income to file for earned income credit?

There are no minimum income level requirements to file for the earned income credit. According to the Internal Revenue Service (IRS), several rules are in place regarding earned income tax credit e... Read More »