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Old 01-28-2011, 04:32 PM   #1
Bill Bumface
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Join Date: Feb 2003
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Default Tax/Payroll Question

After contracting for years I'm now an employee. I haven't paid normal people taxes in years, so I'm out of the loop.

When I recieved my offer I used this: http://www.finance.alberta.ca/calc-script/tax_calc.html


But on my companie's intranet it suggests using this: http://www.cra-arc.gc.ca/esrvc-srvce.../pdoc-eng.html

These give very different expectations of what tax I'll be paying.

Using $100,000 as an easy example for a single person and zero extra deductions, the Alberta calculator gives:

Federal: $17,704
Provincial: $8,026
Total: $25,730

The CRA PDOC gives:

Federal: $28,488.11
Provincial: $9,916.74
Total: $38,404.85

What gives? I have a feeling I'm going to be super dissapointed when I actually get a pay cheque....
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