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How much income taxes do we pay in Cananda?


How much income taxes do we pay in Cananda?

That would depend on your income level. You can find the different levels of taxation at the Canada Revenu Agency site (see source)
Just select your province.

http://randomrantingravingandratings.blo...

its based upon your income level and which province you reside in. Our system is called progressive taxation, the more you earn the more you pay.

The amount of CPP and EI you pay in a year are capped at a maximum amount.

Also your final taxes will be based on other factors like how many $ of deductions you have, donations, rsp contributions and so on.

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