DJ El Kay Dee

Become a part of the TranceAddict community!

Frequently Asked Questions - Please read this if you haven't

TranceAddict Forums > Local Scene Info / Discussion / EDM Event Listings > Canada > Canada - Toronto & Southern Ont. > Ontario payroll taxes

Last Thread Next Thread

Author

Thread

treeboo
Senior tranceaddict

Registered: Dec 2005
Location: Federal Outpost 19, a lonely quonset hut on Tower Road

Ontario payroll taxes

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.

___________________

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

Jun-27-2009 19:32

Click here to Send treeboo a Private Message

iant56
One in, one out

Registered: Nov 2007
Location: Toronto

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.

___________________
Thats the way it goes

Jun-27-2009 19:50 Canada

Click here to Send iant56 a Private Message

ChemEnhanced
ƒ¶ƒåƒÓƒÛƒnƒéƒßƒåƒnƒÚƒÕƒÞƒ

Registered: Mar 2005
Location: Milton, ON Canada

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

___________________

quote:
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

Jun-27-2009 20:39 Canada

Click here to Send ChemEnhanced a Private Message

rabbitjoker
aural sadist

Registered: Aug 2002
Location: Toronto, ON, CANADA

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.

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

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

Jun-28-2009 00:01 Canada

Click here to Send rabbitjoker a Private Message

VDub
Scoundrel

Registered: Feb 2008
Location: Toronto

A fuckin third...

Plus other deductions...

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

Fack....

___________________

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

Jun-28-2009 00:25

Click here to Send VDub a Private Message

malek
drinks your milkshake!

Registered: Nov 2001
Location: Montréal

there you go:

[[ LINK REMOVED ]]

___________________
[/IMG]http://i54.tinypic.com/ngycqo.png[/IMG]

Jun-28-2009 00:40

Click here to Send malek a Private Message

Jayx1
Prime Minister of TOTA

Registered: Feb 2003
Location: The Socialist People's Republic Of Canada

quote:
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!!