Quote:
Originally posted by rickholio
Either your numbers are completely fabricated, or you've been surrounding yourself with idiots. I paid 18.1% on my income last year (in fact, I overpaid because I paid in 18.1% on every cheque I received and wait to total up deductions at end of fiscal year.) I kept down any residual taxes paid on personal income by tossing a few thousand into RRSPs.
Only the most extreme levels of personal income even come close to those rediculous numbers. Here's the REAL information on Canadian personal income tax:
http://www.ccra-adrc.gc.ca/tax/indiv...03_rate-e.html
Where it's clearly shown that the maximum margin is 29% + 18.02% =~ 47%, and only on anything you make over $106k and only if you live in Newfoundland. If you made, say, $100k in newfoundland you'd be paying out 36.2% combined in the most highly taxed place in Canada. An average guy living in toronto making, say, $70k a year will be paying around 27.4%. $70k/year, coincidentally, is the point where many accountants will suggest that the tax advantages of incorporation will give benefits that will fully offset the paperwork and expense of incorporation.
Just by comparison, federal and state taxes in Connecticut are 36.7% combined, not marginal (at least not according to this site), and without the same public services we enjoy here.
|
Oh 36.2% ONLY + 15%+ on everything you do/buy.
Give me a break, when you people are going to wake UP !
We are behing SCREWED all the way and you know what's WORST !
The majority of Canadiens will vote Liberal !?????#$$%&%@$@#$@@% AGAIN Can you dig this ? All the scandals flying everywhere.
Simply amazing ! Fuck they've been around for like what ? 14 years or so ? Imagine all the nice shit going on......
