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View Full Version : 2009 Income Taxes


craneSpotter
Dec 9, 2009, 7:45 PM
Yes, that time is approaching :(

Here is a link to a simple tax calculator to easily calculate what you will owe:
http://www.ey.com/CA/en/Services/Tax/Tax-Calculators-2009-Personal-Tax

Here is a more detailed on-line calculator which includes accounting for investment income and deductions for such things as education & dependants etc.
http://www.taxtips.ca/calculators/taxcalculator.htm

Here's a simple example for income tax rates across canada on a personal income of $75,000:

http://i45.tinypic.com/2e1c404.jpg
Coldrsx
Dec 9, 2009, 10:39 PM
i am moving to Nunavut
feepa
Dec 9, 2009, 10:58 PM
^ The Cost of living far out weighs the extra money you'd have from income tax.
touraccuracy
Dec 9, 2009, 11:00 PM
booyeah. go BC. i was sure alberta had lower taxes than us.


damn nunavut!
frinkprof
Dec 9, 2009, 11:05 PM
booyeah. go BC. i was sure alberta had lower taxes than us.It depends on the taxable income figure. Using that calculator, Alberta's "average tax rate" becomes less than BC's somewhere around the $120 000 mark
Coldrsx
Dec 9, 2009, 11:25 PM
It depends on the taxable income figure. Using that calculator, Alberta's "average tax rate" becomes less than BC's somewhere around the $120 000 mark

keep in mind that AB and BC calculate their taxes differently...

a flat 10% versus a sliding rule

but BC has far more net taxation due to:

PST (HST)
luxury taxes
and
.
.
.
THAT FCUKING ALCOHOL TAX WHICH EATS UP 25% OF MY MONEY WHEN I DRINK.
frinkprof
Dec 9, 2009, 11:37 PM
^Yes of course. I was just testing out numbers on that particular calculator.
bob1954
Dec 10, 2009, 4:45 AM
On average it looks like CA is just a tad highewr than US. But CA has health care, US does'nt.
vid
Dec 10, 2009, 4:54 AM
When you combine the average American's income taxes with the average American's health insurance, and compare that to the average Canadian's income taxes, you find out that the Americans are actually paying more than us for the same thing. Their consumption and luxury taxes might be lower, and some states don't have income tax, but for the most part the difference isn't as great as people think.
bob1954
Dec 10, 2009, 5:00 AM
Ditto! Canada outa get the word out.. to some in the US that wonder about this kind of stuff..
WhipperSnapper
Dec 10, 2009, 5:03 AM
keep in mind that AB and BC calculate their taxes differently...

a flat 10% versus a sliding rule


How impressively regressive. Maybe I made a mistake. Naw. Calgary's a fine city and she was one fine woman but, I think I would go stir crazy.
Xelebes
Dec 10, 2009, 6:35 AM
I have no income this year so I won't be paying income taxes. *sigh*


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