Quote:
Originally Posted by blankall
Online tax calculator:
http://lsminsurance.ca/calculators/canada/income-tax
Assuming he doesn't live on Nunavat, his income would be in the 150-163k (less if the 50k included CPP and EI contributions) range depending on what province he lived in.
Also, taxes are not necessarily lower in the USA. It depends on what state you live in. In NYC he would pay considerably more taxes. |
NYC (yes, the city) has its own income tax. Whee!!
$100K in NYC is scraping by, so he's doing okay.
Anybody that's self-employed in Canada that's paying that much taxes though for that level of income needs to get a better accountant.
I wonder if Table 5 made himself an S-corp.