Wednesday, March 12, 2008

Canadian Income Tax Rates

from the economist:

There you go. Tell your American friends to stick that in their pipe and smoke it.

Don't mention we pay higher sales taxes, higher gas taxes, and higher liquor tax. Don't mention these all fall heavily on the poor.

4 comments:

Anonymous said...

If only Canada was willing to run 40 billion deficits AND raid the CPP...

Anonymous said...

there's something wrong with these figures...are they also including income tax I provide to my province!?

Poly Muthumbi said...

No oneINCOME TAX can afford to be cheated into income tax frauds, because serious consequences will be awaiting them on the other end.

aloria said...

Canadian income tax rates calculations do not include non refundable tax credits other than the basic personal tax credit. These rates give you a basic of idea of how much tax you should pay, but depending on your employment and business and personal circumstances you could pay a lot less. Be sure to visit a competent tax advisor before filing your return. Eligible Dividends are dividends from a Canadian corporation on which corporate tax has already been paid. Normally the dividend issuer will alert you to the eligibility of a given dividend. All other Canadian dividends are considered ineligible dividends. Non canadian dividends do not qualify for the dividend tax credit. They are simply treated as income.
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