After-tax income

Part A - Plain language definition:

Refers to total income from all sources minus federal, provincial and territorial income taxes paid for 2005.

Part B - Detailed definition:

Refers to total income minus federal, provincial and territorial income taxes paid for calendar year 2005. Total income refers to income from all sources, including employment income, income from government programs, pension income, investment income and any other money income. Federal, provincial and territorial taxes paid refer to taxes on income, after taking into account exemptions, deductions, non-refundable tax credits and the Quebec abatement. These taxes are obtained from the income tax files for persons who allowed access to their income tax data and from direct responses on the questionnaire for others.

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