Calculating Tax Owing: An Overview

Marginal Tax Rates, Tax Credits, and Tax Deductions: The Basics of Computing a Tax Liability Introduction This comment introduces readers to the calculation of tax payable under Part 1 of the Income Tax Act, and the difference between tax deductions and tax credits. Generally, all income earned from employment, business, or a property is taxable. […]

The Impact of A Minimum Wage Increase: Ontario Government Announces an Increase to $15

The Ontario Government announced its bid to increase the minimum wage to $15 per hour by 2019, planning “to create better jobs and fair workplaces.” This plan is in line with the Government’s persistent message of “fairness” in its policies. The justification for the increase in the minimum wage is that “Ontario’s economy has outperformed […]