The Commerce Journal,Business and Local Businesses
*The Commerce Journal>>>Canada Taxes

After-tax take home pay??



If i earn around 35000 Canadian dollar salary, what would be my take home pay after taxes and other deductions (CPP and EI). i also have a lot of tuition credit that i havent used...thanks.

You can actually go to the revenue canada website (http://www.cra-arc.gc.ca/menu-e.html)... - under Payroll they have a calculator. According to it, with a salary of $35,000 that gives you around $1346 per bi-weekly paycheque, the federal tax would be $136.39, provincial would be $67.98, CPP would be $59.96, and EI would be $24.23, so the take home pay would be around $1,057.44. Tuition is a tax credit (for 2006, federal was 15.25%, and provincial was 6.05%). So depending on how much unused tuition you have, whether you were a full-time or part-time student, etc... you may be able to get most of your taxes back.
Tags
  Spain Taxes   Singapore Taxes   Mexico Taxes   Ireland Taxes   India Taxes   Germany Taxes   Canada Taxes   Australia Taxes   Small Business   Renting & Real Estate
Related information
  • What is the property tax rate per sqm in New Brunswick, Canada.?
    More than likely it will be taxed in some fashion. Rates will differ, some jurisdiction will give you a tax break others won't. Each City, town, township etc. have different rules. ...
  • What is the national per capita income?
    The CIA World Factbook has 2006 per capita income for most major economic countries in the world... and slightly older data for most other countries. ...
  • If a pizza cutter costs $7.00, and i go to pay for it, will the total be $7.13?
    in most places sales tax will be less than 10percent so if you are in a store and you need to know if you have enough to cover the tax just move the decimal in the price over one spot to the...
  • How much is tax in Ontario now?
    GST - 6% PST - 8% Total - 14% It went from 15% down to 14% a little over a year ago....
  • How much tax and custom duty you are suppose to pay if you are bringing back more than 200 ciggs to canada?
    Anymore then the allowable amount,they will take from you.BUT,saying that,if you pruchased them in a shop that the taxes were already paid,then you need to show customs that receipt.You also...
  • Canadian citizen working in another country. One month on and one month off. Question concerning Canadian Tax?
    The issue of concern is residency, not citizenship. All Canadian residents are required to pay Canadian tax on their worldwide income. So the first thing you need to determine is whether y...
  • I will be moving to Gatineau and I work in Ottawa. How much income tax I will pay???
    Generally, where you reside on December 31 of a taxation year determines the province in which you will pay provincial income tax. As Gatineau is located in Quebec, any income you earn ...
  • How much is duty for importing alcohol to Canada?
    You can bring in more than the free allowance of alcohol except in Nunavut and the Northwest Territories. However, the quantities must be within the limit set by the province or territory wh...
  •  

    Commerce Categories--Copyright/IP Policy--Contact Webmaster