Quote:
Originally Posted by I-Hate-Hulse
How on earth does that work? Doesn't pass the sniff test for Canada. 16% as a perentage of gross earnings?
Based on this (pg 2) - they've only used the Federal Rate (15.5%) at a 30K income. Add in provincial and the rate should be more like 28%.
http://www.pwc.com/ca/eng/ins-sol/pu...s/tff_0607.pdf
Unless the average income they used is < $9,000?
I think this article is somewhat flawed after this and not seeing some Nordic countries there.... |
Yeah, I'd like to know what tax brackets these are dealing with. I guess if you're in the top bracket here and max out your RRSP's and take advantage of every other tax break....you might be able to get your rate down. But 15.5% paid in income taxes....I wish!