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Newspaper
Chetwynd The Echo
Location
Chetwynd, British Columbia, Canada
Date
Oct 17, 1995
Page
15
This column explains investment returns and taxation. It notes three return types, how interest is taxed, the dividend tax credit, and capital gains rules including the 75 percent inclusion rate after February 22, 1994. It warns about marginal rates, losses, and the need for independent tax advice from professionals.
A government notice outlines a tax schedule starting at 3 percent with a maximum of 12 000 dollars for federal taxes. Surtaxes apply after the initial rate, increasing the overall tax burden for affected individuals and entities.
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