Understanding Canadian Personal Income Tax with Two Simple Charts
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- 1. Understanding Canadian Personal Income Tax with Two Simple
Charts creditfinanceplus.com
- 2. We gathered results from our Personal Income Tax Calculator,
creditfinanceplus.com and after crunching the numbers, two main
caracteristics stood out, helping us understand the income tax
reality in Canada
- 3. Average combined prov. and fed. tax rates ranging from
$30,000 to $100,000 creditfinanceplus.com
- 4. You probably noticed that on a map, the numbers are trying
to say something, creditfinanceplus.com such as...
- 5. creditfinanceplus.com Go West young man!
- 6. While Quebec is the no 1 province for highest combined tax
rate, creditfinanceplus.com British Columbia and Ontario show the
lowest provincial rate under $100k. But what happens after
$100k?
- 7. Quebec, Ontario, British Columbia and Alberta tax rate from
$30k to $1M creditfinanceplus.com At around $100k, Ontario and
British Columbia do not have the lowest rates anymore and lose out
more and more to Alberta. With Ontario surtax, their rate gets
closer and closer to Quebec.
- 8. Even with the federal tax abatement, Quebec leads for
highest rate, creditfinanceplus.com British Columbia swings from
lowest provincial rate to high rate after $100k, Albertas increase
slows down, being the most desirable place for the very rich.
Ontario almost reaches Quebec on higher income due to its surtax,
and
- 9. If you want to know how much you will give to both
governments, try the calculator :
http://www.creditfinanceplus.com/calculators/calculate-personal-
income-tax-canada.php and also see the full presentation in a slide
format. creditfinanceplus.com