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We'll be relocating in Toronto next month. If any one knows what is the income tax
rates in Canada and Ontario please let me know. Thanks, Saul |
Doing a quick search on the net, I couldn't really find a table to give you a quick
answer. The Government of Canada has a rate, and Ontario gets their paws into your income as well. Good news though is that next year, the maximum taxable income scale has increased from $60,000 per year, to $100,000 per year, for the provincial tax rate.. Try www.revenuecanada.com . You may find some useful information there. Cheers Sandra > > > |
I'm still looking for an online estimator for Ontario but there is one for Alberta
that includes the federal component. Included is a benchmark for income tax on $80,000 (local currency) in both Calgary and Chicago for a single person: http://www.treas.gov.ab.ca/calc-script/tax_calc.html CA: $13,629 AB: $5973 CPP & EI: $2374 (applied to first $39,000 wages) http://moneycentral.msn.com/investor...n_tax/main.asp US: $15,699 (above estimator is federal-only) CB: $2250 FICA: $5737.50 (Social Security tax on first $80,400 wages) Above $80,000 the rate in Ontario is higher due to various surtaxes. Ontario is #2 to Alberta below $80,000 while BC is now #2 above $80,000. -- Gary L. Dare [email protected] "Je me souviens" |
"Gary L. Dare" wrote:
> Check out http://www.ey.com/GLOBAL/gcr.nsf/Can...lators_taxcalc It provides figures for all provinces and territories (federal and provincial combined). ----- Ken Milstead |
Try this.
http://www.tax.ca/taxtools/tools/200...lc.cfm?p=1&c=1 Judy > > > > > > > > > > > > > > > > > > > > |
Judy,
The link in your post is to the 2000 taxes - current taxes are much lower, both federal and Provincial. The link posted by Ken Milstead about an hour ago leads to the same calculator as yours, but revised for current tax brackets after federal changes in force since Jan 2001 and with BC changes since July 2001. For those who missed the link it is here: http://www.ey.com/GLOBAL/gcr.nsf/Can...lators_taxcalc -- ../.. Andrew Miller Immigration Consultant Vancouver, British Columbia email: [email protected] (delete REMOVE and INVALID from the above address before sending email) ________________________________ > > > > > > [usenetquote2]> > I'm still looking for an online estimator for Ontario but there is one for[/usenetquote2] [usenetquote2]> > Alberta that includes the federal component. Included is a benchmark for income[/usenetquote2] [usenetquote2]> > tax on $80,000 (local currency) in both Calgary and Chicago for a single person:[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> > http://www.treas.gov.ab.ca/calc-script/tax_calc.html[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> > CA: $13,629 AB: $5973 CPP & EI: $2374 (applied to first $39,000 wages)[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> > http://moneycentral.msn.com/investor/calcs/n_tax/main.asp[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> > US: $15,699 (above estimator is federal-only)[/usenetquote2] [usenetquote2]> > IL: $2250 FICA: $5737.50 (Social Security tax on first $80,400 wages)[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> > Above $80,000 the rate in Ontario is higher due to various surtaxes. Ontario is[/usenetquote2] [usenetquote2]> > #2 to Alberta below $80,000 while BC is now #2 above $80,000.[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> > --[/usenetquote2] [usenetquote2]> > Gary L. Dare [email protected][/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> > "Je me souviens"[/usenetquote2] |
Do the taxes calculated at this link include unemployment insurance and health
insurance taxes/premiums? Are any additional taxes payable? Thanks in advance. > > > both > > > calculator > force > the > > > > > > > > > > > > > > > > > [usenetquote2]> > Try this.[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> > http://www.tax.ca/taxtools/tools/2000taxcalc.cfm?p=1&c=1[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> > Judy[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> > > I'm still looking for an online estimator for Ontario but there is one for[/usenetquote2] [usenetquote2]> > > Alberta that includes the federal component. Included is a benchmark for income[/usenetquote2] [usenetquote2]> > > tax on $80,000 (local currency) in both Calgary and Chicago for a single[/usenetquote2] [usenetquote2]> > > person:[/usenetquote2] [usenetquote2]> > >[/usenetquote2] [usenetquote2]> > > http://www.treas.gov.ab.ca/calc-script/tax_calc.html[/usenetquote2] [usenetquote2]> > >[/usenetquote2] [usenetquote2]> > > CA: $13,629 AB: $5973 CPP & EI: $2374 (applied to first $39,000 wages)[/usenetquote2] [usenetquote2]> > >[/usenetquote2] [usenetquote2]> > > http://moneycentral.msn.com/investor/calcs/n_tax/main.asp[/usenetquote2] [usenetquote2]> > >[/usenetquote2] [usenetquote2]> > > US: $15,699 (above estimator is federal-only)[/usenetquote2] [usenetquote2]> > > IL: $2250 FICA: $5737.50 (Social Security tax on first $80,400 wages)[/usenetquote2] [usenetquote2]> > >[/usenetquote2] [usenetquote2]> > > Above $80,000 the rate in Ontario is higher due to various surtaxes. Ontario is[/usenetquote2] [usenetquote2]> > > #2 to Alberta below $80,000 while BC is now #2 above $80,000.[/usenetquote2] [usenetquote2]> > >[/usenetquote2] [usenetquote2]> > > --[/usenetquote2] [usenetquote2]> > > Gary L. Dare [email protected][/usenetquote2] [usenetquote2]> > >[/usenetquote2] [usenetquote2]> > > "Je me souviens"[/usenetquote2] [usenetquote2]> >[/usenetquote2] |
No, those are separate premiums, as they are not taxes. There are no other taxes
payable on income, but you will have to pay Provincial and federal sales taxes on most purchases (up to 15% in Ontario), property taxes, etc. -- ../.. Andrew Miller Immigration Consultant Vancouver, British Columbia email: [email protected] (delete REMOVE and INVALID from the above address before sending email) ________________________________ > > > > > > [usenetquote2]> > Judy,[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> > The link in your post is to the 2000 taxes - current taxes are much lower,[/usenetquote2] > [usenetquote2]> > federal and Provincial.[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> > The link posted by Ken Milstead about an hour ago leads to the same[/usenetquote2] > [usenetquote2]> > as yours, but revised for current tax brackets after federal changes in[/usenetquote2] > [usenetquote2]> > since Jan 2001 and with BC changes since July 2001. For those who missed[/usenetquote2] > [usenetquote2]> > link it is here:[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> > http://www.ey.com/GLOBAL/gcr.nsf/Canada/Tax_Welcome_Calculators_taxcalc[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> > --[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> > ../..[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> > Andrew Miller Immigration Consultant Vancouver, British Columbia email:[/usenetquote2] [usenetquote2]> > [email protected] (delete REMOVE and INVALID from the above address before[/usenetquote2] [usenetquote2]> > sending email)[/usenetquote2] [usenetquote2]> > ________________________________[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> > > Try this.[/usenetquote2] [usenetquote2]> > >[/usenetquote2] [usenetquote2]> > > http://www.tax.ca/taxtools/tools/2000taxcalc.cfm?p=1&c=1[/usenetquote2] [usenetquote2]> > >[/usenetquote2] [usenetquote2]> > > Judy[/usenetquote2] [usenetquote2]> > >[/usenetquote2] [usenetquote2]> > > > I'm still looking for an online estimator for Ontario but there is one for[/usenetquote2] [usenetquote2]> > > > Alberta that includes the federal component. Included is a benchmark for[/usenetquote2] [usenetquote2]> > > > income tax on $80,000 (local currency) in both Calgary and Chicago for a[/usenetquote2] [usenetquote2]> > > > single person:[/usenetquote2] [usenetquote2]> > > >[/usenetquote2] [usenetquote2]> > > > http://www.treas.gov.ab.ca/calc-script/tax_calc.html[/usenetquote2] [usenetquote2]> > > >[/usenetquote2] [usenetquote2]> > > > CA: $13,629 AB: $5973 CPP & EI: $2374 (applied to first $39,000 wages)[/usenetquote2] [usenetquote2]> > > >[/usenetquote2] [usenetquote2]> > > > http://moneycentral.msn.com/investor/calcs/n_tax/main.asp[/usenetquote2] [usenetquote2]> > > >[/usenetquote2] [usenetquote2]> > > > US: $15,699 (above estimator is federal-only)[/usenetquote2] [usenetquote2]> > > > IL: $2250 FICA: $5737.50 (Social Security tax on first $80,400 wages)[/usenetquote2] [usenetquote2]> > > >[/usenetquote2] [usenetquote2]> > > > Above $80,000 the rate in Ontario is higher due to various surtaxes. Ontario[/usenetquote2] [usenetquote2]> > > > is #2 to Alberta below $80,000 while BC is now #2 above $80,000.[/usenetquote2] [usenetquote2]> > > >[/usenetquote2] [usenetquote2]> > > > --[/usenetquote2] [usenetquote2]> > > > Gary L. Dare [email protected][/usenetquote2] [usenetquote2]> > > >[/usenetquote2] [usenetquote2]> > > > "Je me souviens"[/usenetquote2] [usenetquote2]> > >[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> >[/usenetquote2] |
Thanks.
Are there any websites that calculate these premiums? If not, roughly how much do they amount to as a percentage of income? Thanks in advance. > > sales > > > > > > > > > > > > > [usenetquote2]> > Do the taxes calculated at this link include unemployment insurance and health[/usenetquote2] [usenetquote2]> > insurance taxes/premiums? Are any additional taxes payable?[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> > Thanks in advance.[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> > > Judy,[/usenetquote2] [usenetquote2]> > >[/usenetquote2] [usenetquote2]> > > The link in your post is to the 2000 taxes - current taxes are much[/usenetquote2] lower, [usenetquote2]> > both[/usenetquote2] [usenetquote2]> > > federal and Provincial.[/usenetquote2] [usenetquote2]> > >[/usenetquote2] [usenetquote2]> > > The link posted by Ken Milstead about an hour ago leads to the same[/usenetquote2] [usenetquote2]> > calculator[/usenetquote2] [usenetquote2]> > > as yours, but revised for current tax brackets after federal changes[/usenetquote2] in [usenetquote2]> > force[/usenetquote2] [usenetquote2]> > > since Jan 2001 and with BC changes since July 2001. For those who[/usenetquote2] missed [usenetquote2]> > the[/usenetquote2] [usenetquote2]> > > link it is here:[/usenetquote2] [usenetquote2]> > >[/usenetquote2] [usenetquote2]> > >[/usenetquote2] http://www.ey.com/GLOBAL/gcr.nsf/Can...lators_taxcalc [usenetquote2]> > >[/usenetquote2] [usenetquote2]> > > --[/usenetquote2] [usenetquote2]> > >[/usenetquote2] [usenetquote2]> > > ../..[/usenetquote2] [usenetquote2]> > >[/usenetquote2] [usenetquote2]> > > Andrew Miller Immigration Consultant Vancouver, British Columbia email:[/usenetquote2] [usenetquote2]> > > [email protected] (delete REMOVE and INVALID from the above address before[/usenetquote2] [usenetquote2]> > > sending email)[/usenetquote2] [usenetquote2]> > > ________________________________[/usenetquote2] [usenetquote2]> > >[/usenetquote2] [usenetquote2]> > >[/usenetquote2] [usenetquote2]> > >[/usenetquote2] [usenetquote2]> > >[/usenetquote2] [usenetquote2]> > >[/usenetquote2] [usenetquote2]> > > > Try this.[/usenetquote2] [usenetquote2]> > > >[/usenetquote2] [usenetquote2]> > > > http://www.tax.ca/taxtools/tools/2000taxcalc.cfm?p=1&c=1[/usenetquote2] [usenetquote2]> > > >[/usenetquote2] [usenetquote2]> > > > Judy[/usenetquote2] [usenetquote2]> > > >[/usenetquote2] [usenetquote2]> > > > > I'm still looking for an online estimator for Ontario but there is one for[/usenetquote2] [usenetquote2]> > > > > Alberta that includes the federal component. Included is a benchmark for[/usenetquote2] [usenetquote2]> > > > > income tax on $80,000 (local currency) in both Calgary and Chicago for a[/usenetquote2] [usenetquote2]> > > > > single person:[/usenetquote2] [usenetquote2]> > > > >[/usenetquote2] [usenetquote2]> > > > > http://www.treas.gov.ab.ca/calc-script/tax_calc.html[/usenetquote2] [usenetquote2]> > > > >[/usenetquote2] [usenetquote2]> > > > > CA: $13,629 AB: $5973 CPP & EI: $2374 (applied to first $39,000 wages)[/usenetquote2] [usenetquote2]> > > > >[/usenetquote2] [usenetquote2]> > > > > http://moneycentral.msn.com/investor/calcs/n_tax/main.asp[/usenetquote2] [usenetquote2]> > > > >[/usenetquote2] [usenetquote2]> > > > > US: $15,699 (above estimator is federal-only)[/usenetquote2] [usenetquote2]> > > > > IL: $2250 FICA: $5737.50 (Social Security tax on first $80,400 wages)[/usenetquote2] [usenetquote2]> > > > >[/usenetquote2] [usenetquote2]> > > > > Above $80,000 the rate in Ontario is higher due to various surtaxes.[/usenetquote2] [usenetquote2]> > > > > Ontario is #2 to Alberta below $80,000 while BC is now #2 above $80,000.[/usenetquote2] [usenetquote2]> > > > >[/usenetquote2] [usenetquote2]> > > > > --[/usenetquote2] [usenetquote2]> > > > > Gary L. Dare [email protected][/usenetquote2] [usenetquote2]> > > > >[/usenetquote2] [usenetquote2]> > > > > "Je me souviens"[/usenetquote2] [usenetquote2]> > > >[/usenetquote2] [usenetquote2]> > >[/usenetquote2] [usenetquote2]> > >[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> >[/usenetquote2] |
Are there any websites that calculate these premiums? If not,
> CPP & EI are roughly 6.2% on the first C$39,000 wages. The employer pays a matching amount. In contrast, the FICA federal payroll tax in the US is 6.2% on the first $80,400 wages for Social Security and 1.45% on ALL wages for Medicare for Seniors. The exclusion of payroll taxes is what exaggerates the tax difference between the US and Canada, where the ten provinces are now lined up against the dozen highest taxed states (see my Calgary-Chicago benchmark for a single earner, $80,000). -- Gary L. Dare [email protected] "Je me souviens" |
Thank you very much for this information. Do the CPP/EI premiums include health
insurance costs or are they charged for separately? If the latter is the case, approximately how much would health insurance cost for an Ontario resident(as a % of income)? Thanks in advance. > > > > > > > > > > > > > > > > > > |
You may download a small program from Revenue Canada website to calculate exact
payroll deductions (tax, and CPP/EI premiums) for each Province. http://www.ccra-adrc.gc.ca/tax/busin...tod0701-e.html Health insurance premium is not included in payroll deductions, although some employers may pay such premiums for you. Premiums for Provincial health coverage are not based on the income. There is currently no charge for Provincial health coverage (OHIP) in Ontario. -- ../.. Andrew Miller Immigration Consultant Vancouver, British Columbia email: [email protected] (delete REMOVE and INVALID from the above address before sending email) ________________________________ > > > > > > > > [usenetquote2]> >[/usenetquote2] [usenetquote2]> > : Are there any websites that calculate these premiums? If not, roughly how much[/usenetquote2] [usenetquote2]> > : do they amount to as a percentage of income?[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> > CPP & EI are roughly 6.2% on the first C$39,000 wages. The employer pays a[/usenetquote2] [usenetquote2]> > matching amount.[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> > In contrast, the FICA federal payroll tax in the US is[/usenetquote2] [usenetquote2]> > 6.2% on the first $80,400 wages for Social Security and 1.45% on ALL wages for[/usenetquote2] [usenetquote2]> > Medicare for Seniors. The exclusion of payroll taxes is what exaggerates the[/usenetquote2] [usenetquote2]> > tax difference between the US and Canada, where the ten provinces are now lined[/usenetquote2] [usenetquote2]> > up against the dozen highest taxed states (see my Calgary-Chicago benchmark for[/usenetquote2] [usenetquote2]> > a single earner, $80,000).[/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> > --[/usenetquote2] [usenetquote2]> > Gary L. Dare [email protected][/usenetquote2] [usenetquote2]> >[/usenetquote2] [usenetquote2]> > "Je me souviens"[/usenetquote2] |
Thank you very much for this information. Do the CPP/EI premiums include
> > > Well, zero - Ontario does not charge health insurance premiums. On the other hand, Alberta and B.C. do (don't know about the other provinces). /Serge.P --- Home page: http://www.cobalt.chem.ucalgary.ca/ps/ |
Thanks to everyone for their assistance.
> > is > Ontario > > > other > > > > > > |
There is currently no charge for Provincial health coverage
> Translation: in Ontario, it's bundled into your provincial income tax. In Alberta, there's a token premium to remind you that it's not really free. -- Gary L. Dare [email protected] "Je me souviens" |
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