On the $5, 50% of the $5 will be taxable, so if you're taxed at the general rate—that's 15%—the overall tax will be, if I'm calculating this correctly, 75¢. But the change is 30¢.
On April 24th, 2018. See this statement in context.
On April 24th, 2018. See this statement in context.
April 24th, 2018 / 5 p.m.
Director General, Business Income Tax Division, Tax Policy Branch, Department of Finance
On the $5, 50% of the $5 will be taxable, so if you're taxed at the general rate—that's 15%—the overall tax will be, if I'm calculating this correctly, 75¢. But the change is 30¢.
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