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Reply To: How can you avoid paying tax

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#809076
Gvadelunar
Member

* 15% on the first $40,726 of taxable income, +
* 22% on the next $40,726 of taxable income (on the portion of taxable income between $40,726 and $81,452), +
* 26% on the next $44,812 of taxable income (on the portion of taxable income between $81,452 and $126,264), +
* 29% of taxable income over $126,264.

Are only the federal taxes as quoted above.
In BC we pay provincial tax of 50% of the federal tax so the real tax rates are
22.5%
33%
39%
43.5%
Would be about the same across Canada in all provinces and territories.