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Ontario payroll taxes
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| treeboo |
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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| iant56 |
| 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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| ChemEnhanced |
| my net pay is about 55%-60% of my gross. |
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| rabbitjoker |
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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| VDub |
A in third...
Plus other deductions...
I take home probably a little more than half...
Fack.... |
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| malek |
there you go:
[[ LINK REMOVED ]]
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| Jayx1 |
| quote: | Originally posted by VDub
A in 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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| VERTiG0 |
| quote: | Originally posted by ChemEnhanced
my net pay is about 55%-60% of my gross. |
Same, it sucks |
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