Subject:
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Re: Canadian Tax!
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Wed, 3 May 2000 16:00:31 GMT
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Viewed:
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122 times
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Richard Franks wrote:
> I'm looking at working in Toronto, Ontario for a year - but according to:
> https://secure.lexi.net/fraser/etfd.htm
> Even if I got a modest computer-contract, I'd be paying close to 50% tax!
The Fraser Institute is your classic right wing think-tank, so bear that
in mind when using their site <g>. Are they including GST, prov sales
tax, etc in that calc or just income tax? Sales tax here, depending
where you are, is always less and sometimes a lot less than VAT. Is that
50% the marginal rate or the overall rate? Lowest rate here is 17%,
moving to 26% and up to about 50% max. That's Federal income tax,
there's provincial income tax on top of that.
Seriously, I immigrated from the UK to Canada and have always found
myself far better off here financially. I was also shocked when I
visited the UK in 1999 to find how high the cost of living had gone
there. I've been a self employed SW developer for the last 15 years and
I've never paid anything like 50% tax rate (but then I have dependents,
medical expenses and charitable deductions, which all help).
Kevin
--
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Message is in Reply To:
 | | Canadian Tax!
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| I'm looking at working in Toronto, Ontario for a year - but according to: https://secure.lexi....r/etfd.htm Even if I got a modest computer-contract, I'd be paying close to 50% tax! Please tell me that this isn't true! I mean, I regard myself as (...) (24 years ago, 3-May-00, to lugnet.off-topic.debate)
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