TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 DEF

A credit that is deducted from the income tax that an individual or corporation would otherwise pay.  3, record 1, English, - tax%20credit

Record number: 1, Textual support number: 1 OBS

It differs from a tax deduction, which is subtracted from a person's or a corporation's total income, thus lowering the taxable income against which income tax is levied. The value of the tax deduction for an individual depends on the level of income. The higher the income, the higher the top marginal rate of tax, and the greater the value of the tax deduction. In the case of a tax credit, however, the value is the same to all recipients, since it is deducted from the actual tax they would otherwise pay. The tax credit is considered a preferable way of extending benefits to individuals since it gives all recipients the same amount of money, while a tax deduction gives a greater benefit to people with high incomes. Moreover, a tax credit can be paid to people whose income is too low to require them to pay taxes, under a system of negative income tax, whereas a tax deduction can only benefit people who have taxable income.  3, record 1, English, - tax%20credit

Record number: 1, Textual support number: 2 OBS

tax credit: term used in the context of the Strategic and Operating Review of the federal government of Canada.  4, record 1, English, - tax%20credit

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 DEF

Montant que la législation fiscale permet au contribuable de déduire de ses impôts à payer.  2, record 1, French, - cr%C3%A9dit%20d%27imp%C3%B4t

Record number: 1, Textual support number: 1 OBS

Au Canada, outre le crédit de base, la loi accorde notamment les crédits suivants : achat d'actions, déficience mentale ou physique, dons de charité, enfants, études, fonds de travailleurs, frais de scolarité, frais médicaux, investissement, pension, personne à charge, personne âgée, personnel, personne mariée, recherche scientifique.  2, record 1, French, - cr%C3%A9dit%20d%27imp%C3%B4t

Record number: 1, Textual support number: 2 OBS

Dans le cas du crédit pour impôt provincial, on emploie plutôt le mot «abattement».  2, record 1, French, - cr%C3%A9dit%20d%27imp%C3%B4t

Record number: 1, Textual support number: 3 OBS

crédit d'impôt : terme en usage dans le contexte de l'Examen stratégique et fonctionnel du gouvernement fédéral du Canada.  4, record 1, French, - cr%C3%A9dit%20d%27imp%C3%B4t

Record 1,  Textual support,  Spanish

Record number: 1, Textual support number: 1 DEF

Monto en dinero a favor del contribuyente en la determinación de la obligación tributaria, que éste puede deducir del débito fiscal para determinar el monto de dinero a pagar al Fisco.  2, record 1, Spanish, - descuento%20impositivo

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 DEF

The rate an individual will pay on income that falls into the top tax bracket of that jurisdiction.  3, record 2, English, - top%20marginal%20tax%20rate

Record number: 2, Textual support number: 1 CONT

The Budget proposes no new changes to personal income tax rates. The top marginal rate for individuals remains at 46. 41% for 2010. This rate starts to apply when taxable income for 2010 exceeds $127, 022.  1, record 2, English, - top%20marginal%20tax%20rate

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 DEF

Taux applicable à un particulier sur son revenu se situant dans la tranche d’imposition supérieure de la province où il réside.  1, record 2, French, - taux%20d%27imposition%20marginal%20le%20plus%20%C3%A9lev%C3%A9

Record 2,  Textual support,  Spanish