Now all you yankees can stop bitching about how much you pay in taxes

[CoBra666]

im honestly surprised i read all that.

my income tax was significantly more than 29,000! sobs! at least in Alberta we only pay 5% tax on everything else.. 1/3 of what most of the other provinces pay

 

[mrplunkey]

Cut the family' s top budget item: tax | Fraser Institute

In 2010, the average Canadian family faced a total tax bill of $29,913 against income of $72,393. This means all taxes imposed on the average Canadian family consumed more than 41% of its annual income.

What a joke! 41% in total taxes?

Barry wants the so-called "rich" to pay 39% in income taxes alone. Notice the Canadian study included total taxes, which for a high-income American is way over 50% and probably closer to 60%.

I do wonder what % of Canadians pay zero federal taxes. We're running about 50%.

 

[superqt4u2nv]

What a joke! 41% in total taxes?

Barry wants the so-called "rich" to pay 39% in income taxes alone. Notice the Canadian study included total taxes, which for a high-income American is way over 50% and probably closer to 60%.

I do wonder what % of Canadians pay zero federal taxes. We're running about 50%.

I posted this before hmmph I thought you read all my posts

That's a family two incomes making $75,000 combined so say each income is $37,500
Federal tax rates for 2012
•15% on the first $42,707 of taxable income, +
•22% on the next $42,707 of taxable income (on the portion of taxable income over $42,707 up to $85,414), +
•26% on the next $46,992 of taxable income (on the portion of taxable income over $85,414 up to $132,406), +
•29% of taxable income over $132,406.


It varies province to province

Canadian Income Tax Calculator 2012 | Life Insurance Canada

What are the income tax rates in Canada?


In Ontario we pay 13% HST on everything except groceries

TaxTips.ca - 2012 Sales tax rates for PST, GST and HST in each province

Plus:



CPP Maximum 2012 | CPP Rates for the Year 2012
The maximum CPP contribution to the plan for 2012 will be increased by $89.10 to $2,306.70, representing an increase of about 4% over the last year and the maximum self-employed CPP contribution for 2012 will be $4,613.40. The CPP maximums for the Year 2011 were $2,217.60 and $4,435.20.

The CPP Rates, effective January 1, 2012, forecast to remain unchanged at 4.95% of pensionable earnings. The basic exemption amount for 2012 expects to remain $3,500. Individuals who earn less than that amount do not need to contribute to the CPP.

EI Maximum 2012 | EI Rates for the Year 2012
Your rate of EI premiums (excluding employees working in the province of Quebec), for the 2012 taxation year forecasts to remain at 1.73% of insurable earnings. The annual maximum insurable earnings will be increasing from $44,200 to $45,900. The maximum EI contribution to the plan for 2012 will be $839.97. The EI maximum for the Year 2011 was 786.76. Once you reach the annual maximum premium deduction of your EI maximum in 2012, you will see an increase in the amount of your net pay as there will no longer be EI deductions withheld from your pay.

 

[PICK3]

That's a family two incomes making $75,000 combined so say each income is $35,000

$35,000 x 2 = $75,000 Canadian dollars

 

[superqt4u2nv]

Canada Fuel Taxes by Province
Province Gasoline
(¢/L) Comment
Alberta 24.532¢ GST
British Columbia 36.414¢ GST + Includes carbon tax of 5.56 ¢/L as of July 1, 2011 (scheduled to rise to 6.95 ¢/L on July 1, 2012).
Manitoba 27.249¢ GST Manitoba's PST does not apply to gasoline or diesel fuel.
New Brunswick 38.791¢ GST + PST
Newfoundland 42.396¢ GST + PST
Northwest Territories 27.267¢ GST
Nova Scotia 43.106¢ GST + PST
Ontario 39.661¢ GST + PST
Prince Edward Island 31.952¢ GST PST does not apply to gasoline or diesel fuel. Fuel tax is adjusted monthly and includes an amount equivalent to PEI's PST. The fuel tax is capped at 15.8%
Quebec 43.454¢ GST + QST of 14.5% is applied on top of sales amounts after the GST has been added.
Saskatchewan 30.983¢ GST PST does not apply to gasoline or diesel fuel.
Montreal 45.278¢ GST + PST + 1.5¢ Transit Tax.
Vancouver 45.703¢ GST + PST + 15¢ Transit Tax. Includes carbon tax of 5.56 ¢/L as of July 1, 2011
Victoria 39.611¢ GST + PST + 3.5¢ Transit Tax. Includes carbon tax of 5.56 ¢/L as of July 1, 2011
Yukon 22.767¢ GST + PST
Please note the above rates are meant as only guidelines of pump taxes and may not represent the full tax amount at the pump. Source: Compiled by GasBuddy Organization from various sources

 

[superqt4u2nv]

Plunkey this is pretty good

Taxation in Canada - Wikipedia, the free encyclopedia

 

[PICK3]

That's a family two incomes making $75,000 combined so say each income is $35,000

can we just say they each make $37,500 for simplicity?

i'm soooooo confused

 

[superqt4u2nv]

can we just say they each make $37,500 for simplicity?

i'm soooooo confused

LOL shud up jerk sauce

 

[CoBra666]

we shouldnt even pay for gas in alberta.. or electricity!

 

[superqt4u2nv]

we shouldnt even pay for gas in alberta.. or electricity!

Yeah lowest cost of living is Alberta and Saskatchewan.

Calgary seems nice not sure about the rest of the province Edmonton is COLD