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The Canadian federal budget for the 2008–09 fiscal year was presented to the House of Commons of Canada by Finance Minister Jim Flaherty on February 26, 2008. [3]The budget included a surplus of $10.2 billion to be applied to pay down federal debt, and the introduction of the Tax-Free Savings Account (TFSA). [4]
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The Income Tax Act, Part I, subparagraph 2(1), states: "An income tax shall be paid, as required by this Act, on the taxable income for each taxation year of every person resident in Canada at any time in the year." After the calendar year, Canadian residents file a T1 Tax and Benefit Return [5] for individuals. It is due April 30, or June 15 ...
March 22 – March 30 – The 2008 World Women's Curling Championship is held at the Wesbild Centre in Vernon, British Columbia, Canada. Jennifer Jones' rink from Canada won the gold medal and became world champions. April 4 – April 14 – The 2008 World Men's Curling Championship is held at Ralph Engelstad Arena in Grand Forks, North Dakota.
The Canadian federal budget for the 2007–08 fiscal year was presented to the House of Commons of Canada by Finance Minister Jim Flaherty. Flaherty presented the 2007 budget on March 19, 2007. No income tax or GST cuts were announced but there were tax credits (of up to $310 per child) for some families with children under 18. [2]
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The basic vacation allowance is a minimum of four weeks per calendar year and there are 13 paid public holidays. [54] [55] [56] Many employers give one week extra (so the total is five weeks of paid annual leave) as a bonus. Public holidays which happen on Saturday or Sunday are lost for the particular year – thus the average number of public ...