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 government 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