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| *Ostroff, Fair and Company>>>Canada Taxes |
I'm new in Canada and i would like to now about the taxes(imposits) they take from your salary !!!!how much |
like if you have 9$/h and work 40h/week(360$ /week) what's yours from all this? pls help!!! tks very much!!!! Your employer will deduct the following: 1) Federal and provincial income taxes, based upon tables which include personal deductions. WIth your salary level, not to high, since the tax rates are progressive, the higher the income, the higher the tax rates, and vice-versa. For Ontario, the combined federal/provincial tax rate will be 11.24% or $40.46/wk. 2) Unemployment insurance premiums, also progressive, although with a cap. 3) Canada Pension Plan deductions (like Social Insurance in the US) for you future retirement, progressive, with a cap. Enclosed is a Cdn Gov't website where you can find the UIC, CPP deduction rates. Source(s): http://www.ey.com/global/content.nsf/can... http://www.cra-arc.gc.ca/e/pub/tg/t4001/... |
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