Simply put, what percentage (range) of your pay goes towards taxes?

Where I live in the states, I take home about 75% of my actual pay, adjusted for insurance costs. I am wondering how this compares to other regions, specifically Ontario and the GTA.

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Originally posted by Ygrene This is deserving of a Lifetime CORe Whore Achievment award.

It depends on what bracket you fall into... the minimum ontario tax i believe is %6.5 if you earn under 38XXXK ... plus federal which is %15(again on the first 38k) plus CPP and EI... I'm not an accountant so maybe somebody else could better answer this.

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Thats the way it goes

my net pay is about 55%-60% of my gross.

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Scott has been introduced to the rave scene, and Ecstasy, by Craig. The two of them go out on the weekends, with some of Craigs friends, and stay up all night, dancing in a drug-fueled trance.

Last edited by Moral Hazard on Apr-26-2011 at 07:48

Personal exemption limits (federal and provincial), EI, CPP plus progressive income tax brackets make the answer a bit more detailed than a simple one liner.

Start at the CRA website and work back from there.

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- rabbit.joker [funny¿rabbit] | www.rabbitjoker.com |www.ddtt.org

Dark Dirty Tech Tribal. | Hands in air (trance) and feet on the floor (house).

A fuckin third...

Plus other deductions...

I take home probably a little more than half...

Fack....

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Originally posted by chinamon chinamon is INCH MOAN. LOL so fitting.

there you go:

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Originally posted by VDub A fuckin third... Plus other deductions... I take home probably a little more than half... Fack....

Thats because we get "free" healthcare LOL!!

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Originally posted by ChemEnhanced my net pay is about 55%-60% of my gross.

Same, it sucks