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Taxpayer relief is governed by subsection 220(3.1) of the Income Tax Act and section 281.1 of the Excise Tax Act. It gives the CRA the discretion to cancel some penalties and interest, to pay a personal income tax refund after 3 years of the tax return being assessed, and to accept late-filed elections. [63]
The Canadian SR&ED tax incentive is the government's largest single support program for R&D. Canada has one of the more generous R&D programs among OECD countries. [2] [3] "Each year the SR&ED program provides over $4 billion in investment tax credits (ITCs) to over 18,000 claimants. Of these, about 75% are small businesses."
Divorce Act, 1968 - replaced by Divorce Act, 1985; Canada Wildlife Act, 1973; National Symbol of Canada Act, 1975; Anti-Inflation Act 1975; Immigration Act, 1976; Canadian Human Rights Act, 1977; Canadian Football Act 1974
After technical education developed into a state-wide TAFE NSW network of colleges, eventually a separate Department of Technical Education was established in 1949. [1] In 1957 a committee was appointed to survey secondary education in New South Wales to survey and report on the provision of full-time education for adolescents.
This income is taxed at the shareholder's personal income tax rate, but a part of the tax is offset by a 10.5217% dividend tax credit (for 2017) [18] to reflect the federal tax paid at the corporate level. There are also provincial dividend tax credits at different rates in different provinces.
This investment tax credit varies depending on the type of renewable energy project; solar, fuel cells ($1500/0.5 kW) and small wind (< 100 kW) are eligible for credit of 30% of the cost of development, with no maximum credit limit; there is a 10% credit for geothermal, microturbines (< 2 MW) and combined heat and power plants (< 50 MW). The ...
The 1990 budget did not introduce a major tax change, as income taxes were reformed in prior years and the Goods and Service tax was scheduled for implementation on January 1, 1991. Although not part of the 1990 budget, three major tax changes are implemented as of January 1, 1991: [ 1 ]
The Education (Schools) Act 1992 (c. 38) The Education (Schools) Act 1997 (c. 59) The Schools (Health Promotion and Nutrition) (Scotland) Act 2007 (asp 15) The Schools (Consultation) (Scotland) Act 2010 (asp 2) The Children, Schools and Families Act 2010 (c. 26) The Army Schools Act 1891 (54 & 55 Vict. c. 16) The Nursery Education and Grant ...