¹

Rates shown are those known as of March 17, 2000, and that are in effect for 2000.

²

British Columbia tax rates are shown as announced in the 2000 Budget.

³

Calculated for a two income family of four with one spouse earning $35,000 and the other earning $20,000, both with employment income and claiming basic personal credits and typical major deductions. Unlike previous year's tax rate comparisons, nominal rates are not shown due to the transitions to the tax-on-income system.

⁴

Alberta, Saskatchewan, Ontario, Prince Edward Island and Newfoundland have lower rates for manufacturing and processing. Quebec's general corporate income tax rate applies to all business income.

⁵

The British Columbia non-financial rate applies to corporations with paid-up capital in excess of $2.5 million; Ontario has lower rates for corporations with less than $2.3 million in taxable capital; Manitoba has a $5 million exemption level and the higher rate applies to paid-up capital in excess of $10 million; Saskatchewan has a $10 million deduction. Large Saskatchewan resource corporations are assessed a surcharge on the value of Saskatchewan resource sales. Ontario and Quebec have an additional surcharge or compensation tax on financial institutions. A compensation tax may also apply in Quebec.

⁶

British Columbia has a two person rate of $64. British Columbia and Alberta offer premium assistance in the form of lower rates or an exemption from premiums for lower income individuals and families.

⁷

Provinces with payroll taxes provide payroll tax relief for small businesses.

⁸

The lower rate applies to premiums for life, sickness and accident insurance; the higher rate applies to premiums for property insurance. The rate on automobile insurance is 4 per cent in British Columbia and Saskatchewan, and 3 per cent in Ontario. Sales tax applies to insurance premiums, except those related to individual life and health, in Ontario (8 per cent), Quebec (9 per cent) and Newfoundland (12 per cent). The sales tax is reduced to 5 per cent for automobile insurance in Quebec and Ontario.

⁹

Tax rate is for regular fuel used on highways. The British Columbia rate includes 3.25 cents per litre dedicated to the Transportation Financing Authority and 1.25 cents dedicated to the BC Ferry Corporation. The rates do not include regional taxes. The Quebec rate includes estimated sales tax.

¹⁰

Includes estimated provincial sales tax where applicable.