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

How much income tax will be taken from my pay-cheque in Toronto Canada ?


Let's say that I earn 1000 dlr how much will be taken ?
Thank you !

There's a handy tool the CRA has for calculating all of the withholding taxes.

http://www.cra-arc.gc.ca/eservices/tax/b...

You haven't given me enough information, like is the $1000 for two weeks of work? one month?

Assuming its for two weeks of work, and you have yet to max out your EI and CPP contributions you're looking at:

Cash income for the pay period 1,000.00
Federal tax deductions 86.38
Provincial tax deductions 48.46
Requested additional tax deduction 0.00
Total tax on salary income 134.84
CPP deductions 42.84
EI deductions 18.00
Amounts deducted at source 0.00
Total deductions on salary income 195.68
Net amount 804.32

So the government would keep $195.68 and you would keep $804.32

Tags
  Spain Taxes   Singapore Taxes   Mexico Taxes   Ireland Taxes   India Taxes   Germany Taxes   Canada Taxes   Australia Taxes   Small Business   Renting & Real Estate
Related information
  • Can anyone summarize the key differences between the Canadian GA-AP and the Mexican GA AP?

    This is more of an accounting question than a tax question. International GAAP rules are covered in Advanced Accounting courses, but are only a small part of what is covered. The only comment in ...

  • Does anyone know the process of registering for a GST# for non-residents of Canada?

    Visit ...

  • How much taxes ?

    Depends on the cost of the item, the cost is subtracted from the sale price. Depends on your income level and the marginal tax rate you are in. Example cost 1,100 therefore 1,000 profit only ...

  • Canadian gst?

    You can order online services as well as books at both ...

  • When was ontario provincial sales tax applied and by what party?

    1 September 1961 Started at 3% Enacted by Parliament 26 Leslie Frost was the Premier, a Conservative.

    ...
  • In Canada, what is the process to report suspected tax evasion? Is there any reward for the informant?

    There is no reward. Go here, the CRA's site: ...

  • Can you exchange shares of a Canadian corporation for a US corporation on a tax free basis?

    If there is no Capital gain involved (if the cost of the US shares is the same as the cost for the Canadian shares). Private Canadian corporations have some rollover rules that can apply, but no...

  • Tax on purchased items in the us brought into canada?

    How long are you planning on staying, and how many people are going with you? For example each person is allowed to bring the following back duty free: After 24 hours - $50 per person After 48...

  •  

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