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Frank lives and works in Alberta and earned $50,000 in income. Percival lives and works in Nova ...

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Frank lives and works in Alberta and earned $50,000 in income. Percival lives and works in Nova ...

Frank lives and works in Alberta and earned $50,000 in income. Percival lives and works in Nova Scotia and also earned $50,000 income. If the only difference between the two people is where they live, then

▸ Frank and Percival will have the same Federal income tax bill.

▸ Frank and Percival will have the same Provincial income tax bill.

▸ Frank and Percival will have the same total income tax bill.

▸ Where they live has no impact on their income tax bill.

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Corporate Finance

Edition: 5^th

Author: Booth

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