00000nam 2200000za 4500 9.860584 CaOODSP 20221107160531 cr ||||||||||| 180815s2018 oncd #ob f000 0 eng d 9780660275864 CaOODSP eng n-cn--- CS11-0019/410E-PDF Messacar, Derek. Market behaviour versus tax planning responses to changes in marginal income tax rates among older couples [electronic resource] / by Derek Messacar. [Ottawa?] : Statistics Canada, 2018. 41 p. : graphs Analytical Studies Branch research paper series, 1205-9153 ; no. 410 "November 2018." Issued also in HTML format. Issued also in French under title: Comportement sur le marché et réactions de planification fiscale quant à l’incidence des variations des taux marginaux d’imposition sur le revenu des couples de personnes âgées. Includes bibliographical references. "The standard model of labour supply predicts that individuals’ taxable incomes will bunch at convex kink points in the budget set created by government tax and transfer systems. However, empirical evidence of such behaviour is scarce. Using administrative tax data from Canada, this paper estimates bunching responses in taxable income among older individuals at discontinuities in marginal tax rates created by federal and provincial and territorial systems, from 2001 to 2012. The results show that bunching is prevalent across the income distribution, but this is mostly driven by married individuals from 2007 onward. Further analysis reveals this occurs predominantly because pensioners split some of their pension income with their spouses who tend to have lower marginal tax rates. Pensioners do this pursuant to the introduction of this tax planning program in the 2007 federal budget. These findings offer credible evidence of significant intra-household tax planning behaviour that depends on the availability of deductions"--Abstract, p. 5. gccst Fiscal policy gccst Market analysis gccst Couples Statistics Canada. Analytical Studies Branch. Comportement sur le marché et réactions de planification fiscale quant à l’incidence des variations des taux marginaux d’imposition sur le revenu des couples de personnes âgées (CaOODSP)9.860585 Research paper series (Statistics Canada. Analytical Studies Branch) 1205-9153 ; no. 410. (CaOODSP)9.504421 PDF 684 KB https://publications.gc.ca/collections/collection_2018/statcan/11f0019m/11f0019m2018410-eng.pdf HTML N/A https://www150.statcan.gc.ca/n1/pub/11f0019m/11f0019m2018410-eng.htm 11F0019M No. 410