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The day was a holiday for federal government employees. [29] The provinces of British Columbia, New Brunswick, Newfoundland and Labrador, Nova Scotia, and Prince Edward Island also enacted provincial equivalents for the federal holiday. The provinces of Alberta, Ontario, Manitoba, Saskatchewan, and Quebec did not enact any holiday. [30]
Effective January 1, 2012, the net federal corporate income tax rate in Canada was 15%, or 11% for corporations able to claim the small business deduction; in addition, corporations are subject to provincial income tax that may range from zero to 16%, depending on the province and the size of the business.
Payroll taxes are taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their employees. [1] By law, some payroll taxes are the responsibility of the employee and others fall on the employer, but almost all economists agree that the true economic incidence of a payroll tax is ...
The U.S. imposes a 15% withholding tax on the amount realized in connection with the sale of a U.S. real property interest unless advance IRS approval is obtained for a lower rate. [15] Canada imposes similar rules for 25% withholding, and withholding on sale of business real property is 50% of the price but may be reduced on application.
The list of US federal holidays is made up of 11 days of significance that Americans recognise and celebrate
First introduced by Congress in 1885 when it was decided that federal employees should have certain days off from work, ... 2023 federal holidays: New Year’s Day: Sunday, January 1 (Observed ...
Christmas Eve is not a designated federal holiday. Still, U.S. presidents, including Joe Biden and Donald Trump, have used the holiday to grant a day off to the country's more than 2 million ...
A Labour Day tradition in Atlantic Canada is the Wharf Rat Rally in Digby, Nova Scotia, while the rest of Canada watches the Labour Day Classic, a Canadian Football League event where rivals like Calgary Stampeders & Edmonton Elks, Hamilton Tiger-Cats & Toronto Argonauts (except in the 2011 and 2013 seasons, due to scheduling conflicts), and ...
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