Income can be shifted to children, but there are a number of regulations that need to be taken into consideration beforehand. Shifting income to minors can be done as an untaxed âgiftâ so long as the full amount is less than $850 in total. If the gift is between $850 and $1000, the tax rate is 15 percent.
Thanksgiving (United States) Thanksgiving, or Thanksgiving Day, is an important public holiday, celebrated on the fourth Thursday in November in the United States. It originated as a harvest festival. Thanksgiving has been celebrated nationally on and off since 1789, after a proclamation by George Washington.
Thanksgiving in America vs. Thanksgiving in Canada. Diffen âº Holidays âº Thanksgiving. In the United States, Thanksgiving is celebrated on the fourth Thursday of November but in Canada, it is celebrated on the second Monday in October (which is Columbus Day in the U.S.). While Americans and Canadians both celebrate Thanksgiving Day, there are several differences between the traditions and practices in the two neighboring countries.