Posted on: 24-10-05 22:06:39
Does anyone know the tax brackets( tax table ) for 2005 ? Question about taxation.
For eg: If 2005 tax is 26% for Above 70,000 income. Does it mean net income or gross ?
Means 70,000 after claims or 70,000 before claims ? If my gross income is 72,000 and have claims of 15,000 ( personal and spouse claims )...do i come under above 70,000 income bracket or below 70,000 bracket.
Quote:
Orginally posted by maddy
Does anyone know the tax brackets( tax table ) for 2005 ? Question about taxation.
For eg: If 2005 tax is 26% for Above 70,000 income. Does it mean net income or gross ?
Means 70,000 after claims or 70,000 before claims ? If my gross income is 72,000 and have claims of 15,000 ( personal and spouse claims )...do i come under above 70,000 income bracket or below 70,000 bracket.
Check it out here -
http://www.cra-arc.gc.ca/tax/individuals/faq/taxrates-e.html
A simple search (for 'Individual tax') on the Revenue Canada Agency web site gave me this info.
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