Canada
Both the federal and the provincial governments charge personal income tax. The rates are different depending on the tax band you fall into and the province or territory you are taxed in.
The federal rates vary from 17% to 29% and the provincial rates vary from 44% to 69%. The provincial rates are applied to the federal tax payable.
There are various income tax deductions, which include personal moving expenses, childcare expenses (up to a set limit), maintenance payments and contributions to registered retirement savings plans (up to set limits).
The tax year runs to 31 December and tax returns must be filed by the following 30 April.
Sales tax is currently charged at either 0% or 7%. In addition to this there is a Provincial Sales tax which varies depending on the province. It ranges from 7% to 10% and not all provinces impose this additional tax.
Amounts which employees are required to pay include set percentages into a pension plan, health insurance plans and workers' compensation funds.
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This page was last reviewed on 03 April 2006. The information may not reflect changes in legislation made after this date.
This is only a guide to your tax position and should not be relied on in place of professional accounting or tax advice. Any calculated figures are illustrative and are based on the data you provided.
