Taxable Income In Canada
Question: Tax Bracket!! Income after tax?
If you make $15/hour and you work 40hrs/week and there are 52 weeks in a year, you will make $31 200 in one year. How much will you make after taxes?? In New Brunswick, Canada
A website in Canada says that the rate for New Brunswick is
9.65% on the first $35,707 of Taxable Income, +
14.5% on the next $35,708, +
16% on the next $44,690, +
17% on the amount over $116,105I just dont know how to do math very well.
Answer: The tax is 9.65% on the FIRST $35,707 of TAXABLE income (not “salary”). $31,200 is less than that, so you take 9.65% of $31.200 = $2,964.
Of course, that’s before exemptions and deductions, so it will probably be less.
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Taxable Income Ontario
Question: ontario health premium – Form ON428, Line69?
hi, I have 2 questions need someone to help:
I live in Ontario, and my Taxable Income was $26,000 in 2010
(1) I have the medical benefit from my company, can I put $0 amount in line 69 (Form ON428)-Ontario worksheet. Or I still have to calculate the Premium according the amount of my taxable income from line 31, which on the same Form?(2) Can I claim the rent yoyo for the year 2010
Please give me some shed of light on the above two issue.
sorry, the 2nd question should be:
Can I claim the rent (total rent ) for the year 2010.Answer: If you earned more than $20000.00 then you must complete form ON428
If you live in Ontairo, your rent amount can get you a provincial tax credit.
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