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
A)Frank and Percival will have the same total income tax bill.
B)Frank and Percival will have the same Federal income tax bill.
C)Frank and Percival will have the same Provincial income tax bill.
D)Where they live has no impact on their income tax bill.

Question

Quizplus · Accepted Answer

In Canada, federal income tax rates are consistent across all provinces and territories, so Frank and Percival will have the same federal income tax bill. Provincial income tax rates vary by province, affecting the total income tax bill differently.

Frank Lives and Works in Alberta and Earned $50,000 in Income.Percival