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	<title>DiscoveryFinance.Com &#187; Taxes</title>
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	<description>Discovering Financial Strategies to Build Multi-Million Dollar Wealth</description>
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		<title>Annual Pensions for Members of Parliament</title>
		<link>http://www.discoveryfinance.com/how-much-pensions-do-unelected-members-of-parliament-receive-annually.html</link>
		<comments>http://www.discoveryfinance.com/how-much-pensions-do-unelected-members-of-parliament-receive-annually.html#comments</comments>
		<pubDate>Sat, 07 May 2011 13:42:38 +0000</pubDate>
		<dc:creator>Ryan A. Smith</dc:creator>
				<category><![CDATA[Banking & Budgeting]]></category>
		<category><![CDATA[Career & Work]]></category>
		<category><![CDATA[CPP]]></category>
		<category><![CDATA[Financial Statistics]]></category>
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		<category><![CDATA[Taxes]]></category>
		<category><![CDATA[Annual Income]]></category>
		<category><![CDATA[Annual Pension Income]]></category>
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		<category><![CDATA[Green Party]]></category>
		<category><![CDATA[House of Commons]]></category>
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		<category><![CDATA[Liberal Party]]></category>
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		<category><![CDATA[NDP]]></category>
		<category><![CDATA[Net Pension]]></category>
		<category><![CDATA[Networth]]></category>
		<category><![CDATA[New Democratic Party]]></category>
		<category><![CDATA[Pension]]></category>
		<category><![CDATA[PM]]></category>
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		<category><![CDATA[Severance]]></category>
		<category><![CDATA[Severance Pay]]></category>

		<guid isPermaLink="false">http://www.discoveryfinance.com/?p=861</guid>
		<description><![CDATA[Former Bloc leader Gilles Duceppe, 63 $140,765 per year Former Toronto Liberal MP Joe Volpe, 63 $120, 392 per year Former Liberal MP Ujjal Dosanjh $40,197 per year from federal government $35,000 per year from BC government Former Liberal leader Michael Ignatieff $ ??? per year Those pensions for retired/defeated MPs are NOT small amounts. For ordinary Canadian retirees, the average annual retiree household income is only $42,000!!! This is another reason why political position, especially prime minister, is a lucrative career. While elected, the salary of MP is 2 to 4 times higher than national average annual income; while retired, the pension and severance packages are very generous and ensure worry-free retirement. cialis levitra medication prescription propecia viagra MPs who either lost or didn’t run line up for ‘golden parachute’ from Ottawa If you&#8217;re the type of person who feels sorry for losers, you may want to check your emotions over the federal MPs who lost their jobs in Monday&#8217;s election. Canada has a very generous retirement package for its Members of Parliament, virtually unmatched in the private sector unless of course you&#8217;re the CEO of a big bank. buy antibiotics no prescription buy dog antibiotics More than 100 [...]]]></description>
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		<title>How Much Do Members of Parliament Earn Annually?</title>
		<link>http://www.discoveryfinance.com/how-much-do-members-of-parliament-earn-annually.html</link>
		<comments>http://www.discoveryfinance.com/how-much-do-members-of-parliament-earn-annually.html#comments</comments>
		<pubDate>Wed, 04 May 2011 06:18:17 +0000</pubDate>
		<dc:creator>Ryan A. Smith</dc:creator>
				<category><![CDATA[Banking & Budgeting]]></category>
		<category><![CDATA[Career & Work]]></category>
		<category><![CDATA[Financial Statistics]]></category>
		<category><![CDATA[Networth Updates]]></category>
		<category><![CDATA[Taxes]]></category>
		<category><![CDATA[Annual Income]]></category>
		<category><![CDATA[Bloc Quebecois]]></category>
		<category><![CDATA[Cabinet]]></category>
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		<category><![CDATA[House of Commons]]></category>
		<category><![CDATA[Income]]></category>
		<category><![CDATA[Leader of the Opposition]]></category>
		<category><![CDATA[Liberal Party]]></category>
		<category><![CDATA[Members of Parliament]]></category>
		<category><![CDATA[Minister]]></category>
		<category><![CDATA[MP]]></category>
		<category><![CDATA[NDP]]></category>
		<category><![CDATA[Net Income]]></category>
		<category><![CDATA[Networth]]></category>
		<category><![CDATA[New Democratic Party]]></category>
		<category><![CDATA[PM]]></category>
		<category><![CDATA[Prime Minister]]></category>
		<category><![CDATA[Salary]]></category>

		<guid isPermaLink="false">http://www.discoveryfinance.com/?p=831</guid>
		<description><![CDATA[How Much Do MP&#8217; s Earn Annually cialis levitra medication prescription propecia viagra ? As of year 2011: $157,731 for Member of the House of Commons * Members who occupy certain offices and positions are entitled to additional remuneration in accordance with the Parliament of Canada Act. ** This amount of &#8220;basic&#8221; salary already places MPs in the high income group in the top 1% of the total population, let alone additional salaries/benefits from other political positions. Below is just a summary table. To read more on Detailed Incomes &#038; Pension for Members of Parliament, How Much Does Prime Minister Mak antibiotics to buy online e Each Year? Role in House of Common $157,731 Role as Prime Minister $157,731 Car Allowance $2,112 total annual income (Conservative Stephen Harper) $317,574 * Wow That&#8217;s pretty much the net income. If you subtract a few hundred or thousand dollar for party membership and government due if any, the net income is still impressive. If you consider pensions, severance package, and other benefits (health / dental / prescription / etc), that can add up pretty fast. Wait&#8230;add $24,420 to Harper&#8217;s salary if he&#8217;s the Chief Government Whip. Still yet&#8230;add another $11,165 to Harper&#8217;s salary [...]]]></description>
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		<slash:comments>1</slash:comments>
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		<title>How Much Tax Does A Typical Family Pay?</title>
		<link>http://www.discoveryfinance.com/canadian-paying-more-taxes-than-food-clothing-shelter-combined.html</link>
		<comments>http://www.discoveryfinance.com/canadian-paying-more-taxes-than-food-clothing-shelter-combined.html#comments</comments>
		<pubDate>Fri, 29 Apr 2011 03:34:22 +0000</pubDate>
		<dc:creator>Ryan A. Smith</dc:creator>
				<category><![CDATA[Banking & Budgeting]]></category>
		<category><![CDATA[Family & Home]]></category>
		<category><![CDATA[Financial Statistics]]></category>
		<category><![CDATA[Household Expenses]]></category>
		<category><![CDATA[Household Income]]></category>
		<category><![CDATA[Taxes]]></category>
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		<category><![CDATA[Customs]]></category>
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		<category><![CDATA[Federal Tax]]></category>
		<category><![CDATA[Gas Tax]]></category>
		<category><![CDATA[GST]]></category>
		<category><![CDATA[HST]]></category>
		<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[Municipal Tax]]></category>
		<category><![CDATA[Provincial Tax]]></category>
		<category><![CDATA[PST]]></category>
		<category><![CDATA[Sales Tax]]></category>
		<category><![CDATA[Tax on Tax]]></category>

		<guid isPermaLink="false">http://www.discoveryfinance.com/?p=786</guid>
		<description><![CDATA[A recent report indicates Canadian families are now pyaing more in taxes than for food, clothing and shelter combined!!! In 2010, a family with an average income of $72,400 spent about 41% of its income on taxes ($29,913), while spending 34% on the necessities of life. cialis levitra medication prescription propecia viagra doctor doxycycline effects side buy antibiotics no prescription Taxes include those paid to municipal, provincial and federal governments such as income tax, HST/PST/GST, EI, CPP, as well as &#8216;hidden&#8217; taxes like import duties, excise taxes on tobacco and alcohol, amusement taxes antibiotics for cystitis buy no prescription and gasoline. purchase antibiotics online without a prescription The most hideous of all&#8230;TAXES on TAXES!!! Canadian government itself is the single biggest household expense for all Canadian families. antibiotics to buy online amoxil 250 OMG. That&#8217;s crazy. *sigh* For an 8-hour working day, I&#8217;ve already donate 3 hours of my time FREE to the politicians. orlistat buy antibiotics online no prescription book com guest prescription propecia sidney site Canadian families paid more in taxes than necessities of life in 2010: study Canadians are now paying more money in taxes than for food, clothing and shelter combined, a new study suggests. The [...]]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Average Annual After-Tax Household Income</title>
		<link>http://www.discoveryfinance.com/average-annual-after-tax-household-income.html</link>
		<comments>http://www.discoveryfinance.com/average-annual-after-tax-household-income.html#comments</comments>
		<pubDate>Thu, 20 Jan 2011 04:08:42 +0000</pubDate>
		<dc:creator>Ryan A. Smith</dc:creator>
				<category><![CDATA[Banking & Budgeting]]></category>
		<category><![CDATA[Family & Home]]></category>
		<category><![CDATA[Financial Statistics]]></category>
		<category><![CDATA[Household Income]]></category>
		<category><![CDATA[Taxes]]></category>
		<category><![CDATA[After-Tax Income]]></category>
		<category><![CDATA[Average After-Tax Income]]></category>
		<category><![CDATA[Average Annual Income]]></category>
		<category><![CDATA[Average Family Income]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[Mean Household Income]]></category>
		<category><![CDATA[Yearly Wage]]></category>

		<guid isPermaLink="false">http://www.discoveryfinance.com/?p=589</guid>
		<description><![CDATA[How much does an aver age cialis levitra medication prescription propecia viagra purchase antibiotics online without a prescription antibiotics for cystitis buy no prescription Canadian make after the income tax is deducted amoxil 250 ? See the summary table below for Canadian After-Tax Household Income. buy antibiotics no prescription book com guest prescription propecia sidney site It appears that families with kids tend to have higher after-tax incomes, mostly likely attributed to additional benefits and tax credits available from children; eg, tax credit for dependants (lines 305 &#038; 367), children fitness tax credit (line 365), adoption expenses (line 313), education credits transferred from children (line 324), combined medical expenses (lines 330, 331, 332), child care expenses (line 214), universal child care benefit (line 117), tax-deferred investment options (RESP contributions), etc. Canadian After-Tax Household Income Average Annual Household Incomes: Before Tax &#124; After Tax Year 2004 2005 2006 2007 2008 2009 2010 Economic Families 68,200 69,100 70,700 73,500 74,600 - - Elderly Families 49,400 51,400 52,400 55,800 55,900 - - Married Couples 48,900 49,400 50,500 54,200 53,500 - - All Other Elderly Families 51,200 58,600 59,200 61,000 65,300 - - Non-Elderly Families 71,400 72,100 74,000 76,800 78,000 - - Married Couples [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Tax Saving Tips for Business, Professional Corporation</title>
		<link>http://www.discoveryfinance.com/tax-saving-tips-for-professional-corporation.html</link>
		<comments>http://www.discoveryfinance.com/tax-saving-tips-for-professional-corporation.html#comments</comments>
		<pubDate>Mon, 12 Jul 2010 23:05:55 +0000</pubDate>
		<dc:creator>Ryan A. Smith</dc:creator>
				<category><![CDATA[IPP]]></category>
		<category><![CDATA[Retirement]]></category>
		<category><![CDATA[Taxes]]></category>
		<category><![CDATA[Capital Gain]]></category>
		<category><![CDATA[Dividend]]></category>
		<category><![CDATA[Individual Pension Plan (IPP)]]></category>
		<category><![CDATA[Private Health Services Plan]]></category>
		<category><![CDATA[Professional Corporation]]></category>
		<category><![CDATA[Tax Saving]]></category>

		<guid isPermaLink="false">http://www.discoveryfinance.com/?p=544</guid>
		<description><![CDATA[Income taxes are the biggest expense for most Canadian. doctor doxycycline effects side antibiotics online no prescription where to buy antibiotics online If you h ave buy dog antibiotics your own business or professional corporation, your company can help generate tax savings to accelerate your mortgage repayment or boost your retirement savings. Use Capital Gains Instead of Dividends If you are planning large cash withdrawals from your company, consider taking the cash as capital gains rather than dividends. Only one half of the capital gains is subject to tax. antibiotics for cystitis buy no prescription Set Up Corporate Health Plan You can get 45% discount on your medical expenses by setting up your own Private Health Services Plan. kamagra or vega viagra book com guest prescription propecia sidney site It allows your corporation to deduct dental and medical expenses for yourself and family members without any corresponding taxable benefit petshops ca to you. antibiotics to buy online amoxil 250 Split Income With Family Members The corporate tax rate is around 10% (depending on your province), compared to the highest personal tax bracket of around 40%. Tax saving can be enormous by channelling corporate income to family members in a lower [...]]]></description>
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