Prior to the 1996 federal budget, child support payments in Canada were deducted from the payer's income and included in the recipient's income. Because the payer's marginal tax rate was usually smaller than the recipient's, the government was providing a subsidy relative to a system without...

This paper formulates a theory of the optimal payment of Canadian corporate income tax instalments (the Canadian counterpart of US monthly payments of quot;estimated taxquot;). The theory incorporates uncertainty because the required amount of instalment payments depends in part upon the amount...