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Originally Posted by decrypted
hah at least ur not in canada
if u make 100k a year you end up with like sometimes less then 50k take home
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I'm sorry, but this is absolute bullshit. The only people who get dinged for 50% are complete imbiciles that don't write down any expenses or take advantage of any of the major incentives given to small business in Canada.
If you pay 50% in Canada, you deserve to be raped, cuz you're an idiot who doesn't bother to find out how to get maximal value from your income.
PS - My total effective tax (combined business and personal) after RRSP contributions will be around 23%, and the fucking feds STILL haven't given me my HST refunds yet so that number will go down when they get off their asses.