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Politics : Canadian Political Free-for-All -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (14479)	4/16/2011 3:34:29 AM
From: axial	Respond to of 37154

Election Opinion Polls "Apart from general information on opinion polls, this page provides tables of polling results for you to keep track of changes in voters' preferences as the next campaign unfolds. While the focus of most media attention is often on the national levels of support for the various parties, in the end the regional and local levels of support are much more indicative of how parties may fare on election day." sfu.ca Latest National Poll CON 35% LIB 28% NDP 18% GRN 10% BQ 7% Jim

To: Cogito Ergo Sum who wrote (14479)	4/18/2011 2:43:27 AM
From: axial	Read Replies (1) \| Respond to of 37154

Why your dividend tax credit is worth less [Wonderful. Canadians can't make a decent return at current low interest rates, so they switch to dividends. Now returns on dividends are diminished. Pensioners? They get hit again] --- "Why? Because the Conservative government has been reducing the corporate tax rate and will continue to do so if it is re-elected on May 2. As companies pay less tax, investors get a lower credit for the dividends they receive. It all seems perfectly logical to the bureaucrats in Ottawa. The theory behind the dividend tax credit is to reduce the impact of double taxation. Dividends are paid out of after-tax earnings so the company has already paid tax on the money. The credit recognizes that by reducing the effective tax rate on dividend payments to investors ... ... For our purposes, we’ll stick with the eligible dividends, such as the ones you receive from the bank stocks in your portfolio. Let’s see what has happened to $1,000 in dividends since last year. For the 2010 tax year, the grossed-up amount was calculated by multiplying your $1,000 by 144 per cent. So as far as the Canada Revenue Agency is concerned, you received $1,440 in dividend income. Of course, the extra $440 is what I call “phantom income” which you never actually saw but that’s the way this convoluted system works. You now multiply that figure by 17.98 per cent to arrive at your actual federal dividend tax credit, which in this case is $258.91. That amount is deducted from your federal tax payable. This year, the gross-up percentage is 141 per cent, so $1,000 in dividend income will be deemed to be $1,410. The 2011 multiple is 16.43 per cent so the federal tax credit on that same $1,000 will be reduced to $231.66. In 2012, if the last stage of the corporate tax reduction is implemented, the credit will drop again, to $207.28. Note that these calculations apply at the federal level only. Variations in provincial rates and your total income from all sources will affect the actual amount paid, depending on where you live in Canada." moneyville.ca Jim