Translation of "exemption d'impôt fédéral " (French → English) :

federal tax

Main Division for Federal Direct Tax, Anticipatory Tax, Stamp Duty [ DAS ]

additional federal income tax [ additional federal income tax deduction | additional FIT | additional FIT deduction ]

Ordinance of 15.April 1992 on Compensating for the Consequences of Bracket Creep in relation to Direct Federal Taxation | Ordinance on Bracket Creep [ BCreepO ]

Ordinance of 4 March 1996 on Compensating for the Consequences of Bracket Creep in relation to Direct Federal Taxation | Bracket Creep Ordinance [ BCreepO ]

tax free | free of tax | tax exempt | tax sheltered

Consider if you will, Mr. Speaker, the hypothetical case of a dues-paying member of a labour organization who pays no federal income tax because the member's taxable income falls just short of the amount covered by the personal income tax exemption.

Budget 2009 proposes significant new personal income tax relief that will provide immediate benefits such as: increasing the basic personal amount — the amount all Canadians can earn without paying federal income tax; increasing the upper limit of the two lowest personal income tax brackets so that Canadians can earn more before paying higher taxes; effectively doubling the total tax relief provided by the Working Income Tax Benefit by providing an additional $580 million for the 2009 and subsequent taxation years; providing further tax relief to seniors by increasing the Age Credit amount by $1,000 for 2009 and subsequent taxation ye ...[+++]ars; and providing tax measures to help Canadians purchase and improve their homes.

Deposits and interest earned are free of federal income tax and qualified spending from the account is tax-free.

The credit reduces the federal tax of claimants by about $750 and is equivalent to an exemption of $4,235 for those in the 17 per cent tax bracket. The unused amount of the credit can be transferred to the supporting relative to recognize that people with disabilities and low incomes are often supported and cared for by family members (1840) The medical expense tax credit provides tax relief for those with extraordinary medical expenses by providing a tax credit for medical expenses in excess of a certain percentage of a taxpayer's net income.