No. They're taxed on 85%. It used to be that they were taxed on 50%. Now they're taxed on 85%; 15% is not taxed.
On October 17th, 2006. See this statement in context.
On October 17th, 2006. See this statement in context.
October 17th, 2006 / 11:05 a.m.
Associate Executive Director, Canadian Association of Retired Persons
No. They're taxed on 85%. It used to be that they were taxed on 50%. Now they're taxed on 85%; 15% is not taxed.
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