Unemployment Benefits (Ontario)?
I applied for Unemployment benefits and have received leave pay from my previous employer. Will the governement reduce by my total vacation foot from my benefits?Answers: There's a 2 week window formerly the EI kicks surrounded by. If the former employer paid your break pay during this pane its ok.
If it was compensated another time as long as its keyed contained by properly on the payroll (vacation pay - not salary) next you're ok.
Why wouldn't this be double taxation?
Say I got my retribution check after taxes were taken out, I took some of the money and placed it into a seperate information (minding you that I have already rewarded taxes on it once).I leave it surrounded by there for several yrs and stir to withdrawl it, why do I have to pay cheque taxes on it again since I paid contained by the beginning. Note this is not a interest bering reason. I have duplicate amount in near as when I first put it in.Answers: Unless there's earn growth in the information, you generally wouldn't foot taxes related to the separate bank side. One common exception is a retirement depiction. Depending on how the retirement account is set up,you may hold to pay taxes for bread distributions.
Why do you think that you would earnings taxes on a separate account?
EDIT: I see within your note that your quiz is related to your son's government homework. Did your cross-examine get answered?
If it's a current story then you don't.
We requirement more information though as this seems rather odd. It adjectives depends on the taxation arrangements of the account. If for example, excise is not deducted at source later you need to put the interest earn on your tax form, but if, as you enunciate you have earn no interest, there is no tariff to pay.
What are your opinion of the Fair Tax Plan?
Would it work?Do you like the model of it?
What do you think of it?
Answers: I conjecture it is too radical. Has any other country adopt it?