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How much tax do I pay in Canada?


Hello, I am planning to become pharmacist in Canada.
How much taxation do I have to pay if I make about 170 000 dollar in a year?

List all type of taxation please (If you can).
Thanks.

Your taxable income will vary with deductions.
Then you will pay provincial and federal personal income tax (if you are working for somebody else).


Federal tax rates for 2006 are:

15% on the first $36,378 of taxable income;
22% on the next $36,378 of taxable income;
26% on the next $45,529 of taxable income; and
29% of taxable income over $118,285.

Provincial / Territorial tax rates (combined chart) Provinces / Territories Rate(s)
Newfoundland and Labrador 10.57% on the first $29,590 of taxable income, +
16.16% on the next $29,590, +
18.02% on the amount over $59,180
Prince Edward Island 9.8% on the first $30,754 of taxable income, +
13.8% on the next $30,755, +
16.7% on the amount over $61,509
Nova Scotia 8.79% on the first $29,590 of taxable income, +
14.95% on the next $29,590, +
16.67% on the next $33,820 +
17.5% on the amount over $93,000
New Brunswick 9.68% on the first $33,450 of taxable income, +
14.82% on the next $33,452, +
16.52% on the next $41,866, +
17.84% on the amount over $108,768
Ontario 6.05% on the first $34,758 of taxable income, +
9.15% on the next $34,759, +
11.16% on the amount over $69,517
Manitoba 10.9% on the first $30,544 of taxable income, +
13.5% on the next $34,456, +
17.4% on the amount over $65,000
Saskatchewan 11% on the first $37,579 of taxable income, +
13% on the next $69,788, +
15% on the amount over $107,367
Alberta 10% of taxable income
British Columbia 6.05% on the first $33,755 of taxable income, +
9.15% on the next $33,756, +
11.7% on the next $10,000, +
13.7% on the next $16,610, +
14.7% on the amount over $94,121
Yukon 7.04% on the first $36,378 of taxable income, +
9.68% on the next $36,378, +
11.44% on the next $45,529, +
12.76% on the amount over $118,285
Northwest Territories 5.9% on the first $34,555 of taxable income, +
8.6% on the next $34,555, +
12.2% on the next $43,248, +
14.05% on the amount over $112,358
Nunavut 4% on the first $36,378 of taxable income, +
7% on the next $36,378, +
9% on the next $45,529, +
11.5% on the amount over $118,285 Source(s): http://www.cra-arc.gc.ca/tax/individuals...
All depends on if single, married, or number of children and their age. After claiming your personal deduction, medical expenses deduction, Registered retirement pension contribution deduction plus other deductions if you are entitle, what is left is taxed at 22% approx. minimum to 52% max.
Your best bet to get more accurate answer will be to get in touch with Revenue Canada office or their website.
Too much. That's why you should move to the USA instead. Not only is the US federal income tax less, many states have no income tax at all, and our sale taxes are much lower.
Go USA
It will only give you a general estimate, but here's a calculator that will give you income taxes for the different provinces.
http://www.ey.com/global/content.nsf/can...
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