This means the taxpayer was responsible for $13,093 in taxes, the breakdown for which is illustrated in the chart below: For the 2025 tax year, assuming the same $80,000, the brackets are revised ...

The NDP has already backtracked on a $1,000 grocery rebate and middle-class tax cut, which would have applied to 90 per cent of British Columbians this spring but came with an estimated $1.8 ...

British Columbia's government says it will table legislation on Monday that eliminates the consumer carbon tax in the ...

Tax season is well underway after the Internal Revenue Service started accepting tax returns in January. If you haven't filed yet, you might want to know that there are new federal income tax ...

British Columbia’s government will follow through on its promise to repeal the province’s consumer carbon tax after new Prime Minister Mark Carney moved to eliminate the federal version of the ...

For many Columbia nonprofits, the city's hospitality tax grant program plays a vital role in their ability to sustain their work — and affects the ways they can grow. The two-percent tax on food ...

The tax reform plan would see all income tax brackets indexed either to inflation or a flat 2.5 per cent every year, the mid-range of the Reserve Bank’s target inflation rate, as advocated by ...

British Columbia's budget shows that the impending end of the province's consumer carbon tax will leave a roughly $1.5-billion hole in its revenue streams, with one expert saying "there will be ...

Last year, the IRS adjusted its tax brackets to avoid so-called “bracket creep.” Bracket creep is described as when inflation pushes taxpayers into a higher income tax bracket without an ...

Senate Bill 304 proposes to eliminate the state’s current system of grouping people with varying incomes across six different tax brackets and to adopt a single “flat” 4.75% tax rate instead.

Photo: Stefani Reynolds/Bloomberg/Chip Somodevilla/Getty Images As the debate heats up about whether and how to extend the 2017 tax cuts, the jury is out on a key question: Did the cuts generate ...