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-   -   Taxes!!! (https://britishexpats.com/forum/canada-56/taxes-267163/)

tommy kid Nov 17th 2004 10:39 am

Taxes!!!
 
Dear Friends,

I was trying to look up into infos on taxes in Canada?

Is it progressive taxation like in USA?
what percentage of your paycheck do you pay in taxes?

Thanks much for the infos~!

Tommy Kid :confused:

Interested Nov 17th 2004 11:12 am

Re: Taxes!!!
 

Originally Posted by tommy kid
Dear Friends,

I was trying to look up into infos on taxes in Canada?

Is it progressive taxation like in USA?
what percentage of your paycheck do you pay in taxes?

Thanks much for the infos~!

Tommy Kid :confused:

Have a look here, taxes differ by province:

http://www.taxtips.ca/tax_rates.htm

It is progressive, the more you earn the more you pay!

HTH
Int.

LegB4Wicket Nov 17th 2004 11:15 am

Re: Taxes!!!
 

Originally Posted by tommy kid
Dear Friends,

I was trying to look up into infos on taxes in Canada?

Is it progressive taxation like in USA?
what percentage of your paycheck do you pay in taxes?

Thanks much for the infos~!

Tommy Kid :confused:


Tax rates, including sales taxes, can vary according to province. Also British Columbia, Alberta and Ontario have so-called 'health care premiums' that are charged based on your income.

It's a little bit confusing so do your research. I would check out the Fraser Institute www.fraserinstitute.com and the Canadian Taxpayers Federation http://taxpayer.ca for more information.

Generally, the more you make the higher percentage of your paycheque will go to the government.

Good luck!


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