Please click on the links below to view the Income Tax Slabs and Rates for the Assessment Year 2014-15 (applicable on income earned during 01.04.2013 to 31.03.2014) for various categories of Indian Income Tax payers.
Old age security. Old age security (OAS) is a federally funded monthly pension, which is paid to eligible seniors who have reached the age of 65, are Canadian citizens or permanent residents, and have lived in Canada for at least 10 years after the age of 18.
â¢ In contrast, the pension fund levy is time limited (it will apply for four years), does not affect current salaries, may not have an immediate impact for many pension savers, and is at a much lower rate (0.6%) than the public service pension-related deduction. Applying a temporary levy to pension funds is less damaging economically than raising other taxes. â¢ Other savings or investment products have not benefited from the generous tax reliefs that pension savings have historically been granted and continue to receive.