Talk:Income taxes in Canada
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[edit] Huge project
This article is potentially a huge project that will take a great deal of time to do properly. The lack of detail is a bit embarassing to me as a Canadian. I will start adding to it as I have time. Taxee 21:41, 11 April 2006 (UTC)
Good for you.
Removed "* income used to pay interest on loans used for the purpose of taxable business investment." Strictly speaking, this is not true; interest on loans is deducted from taxable income, which can have important implications in certain circumstances. This is true of many of the "non-taxable" forms of income, however, and should be clarified here. --Gregalton 18:58, 22 September 2006 (UTC)
[edit] ToDo
Here is a list of things you think we should do! Add what you think! --CyclePat 19:53, 8 January 2007 (UTC)
[edit] Capital gains and income
I have restored the reference to capital gains from a principal residence not being taxed which had been removed on the basis that a capital gain is not income. Capital gains are taxed under the Income Tax Act as part of a person's income for the year. They do have special treatment -- only 50% of the gain is included in taxable income. Ground Zero | t 20:36, 2 February 2007 (UTC)