What is the ratio between salary rates and taxes in manitoba?
Answers:
Canada Has Marginal Tax rates. The rate of tax gets progressively higher as your taxable income increases. I've provided the link to the appropriate area of the CRA website:
http://www.cra-arc.gc.ca/tax/individuals...
Federal tax rates for 2007 are:
15.5% on the first $37,178 of taxable income, +
22% on the next $37,179 of taxable income (on the portion of taxable income between $37,178 and $74,357), +
26% on the next $46,530 of taxable income (on the portion of taxable income between $74,357 and $120,887), +
29% of taxable income over $120,887.
Manitoba 10.9% on the first $30,544 of taxable income, +
13% on the next $34,456, +
17.4% on the amount over $65,000
Bear in mind that both the provincial and federal governments have non-refundable tax credits and deductions that you'd have to consider as well.
An idea you might consider is trying the online payroll calculator from CRA: http://www.cra-arc.gc.ca/eservices/tax/b...
I would assume that the system is about the same as the US.
The percentage of tax begins with $0 and moves up according to the amount you earn. Example (not necessary correct): Earnings = $20,000 and tax is 10%. Earnings = $30,000 and tax is 12%. You might be able to get some information from the Canada website.
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