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Classification of income

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Classification of income by source

Market Income

  • Earnings
    • Wages, salaries and commissions
    • Self-employment income
      • Farm
      • Non-farm
  • Investment income
  • Retirement pensions
  • Other income

(plus) Government transfers

  • Child tax benefits
    • Child tax benefits
    • Universal child care benefit
  • Canada Pension Plan (CPP)/Quebec Pension Plan (QPP)benefits
  • Old Age Security and Guaranteed Income Supplement/Spouse's Allowance
  • Employment Insurance benefits
  • Social assistance
  • Workers' compensation benefits
  • GST/HST
  • Provincial/territorial tax credits
  • Other governments transfers

(equals) Total income
(minus) Income taxes
(equals) After-tax income
(minus) Non-discretionary expenses

  • Employment Insurance contributions
  • Canada Pension Plan/Quebec Pension Plan contributions
  • Registered pension plan contributions
  • Union dues and professional membership dues and malpractice liability insurance premiums
  • Child care expenses incurred in order to hold a paid job
  • Support payments paid
  • Public health insurance premiums
  • Direct medical expenses, including private insurance premiums

(equals) Disposable income