How Much Tax i have to Pay?

[Drooza]

Hi All,

We are four me and wife and two kids son three and half and daughter 18 month. How much will be that tax on my earning?
For example if i got 23 CAD per hour 40 hours per week / 4,048 CAD per month / 48,576 per year,

How much will be the tax in alberta, someone told me that there is less tax for family person compare to single person.

 

[omm]

did you try this : http://www.finance.alberta.ca/calc-script/tax_calc.html

OMM

Hi All,

We are four me and wife and two kids son three and half and daughter 18 month. How much will be that tax on my earning?
For example if i got 23 CAD per hour 40 hours per week / 4,048 CAD per month / 48,576 per year,

How much will be the tax in alberta, someone told me that there is less tax for family person compare to single person.

 

[omm]

Tax Summary 2010
Provincial Income Tax $ 1202
Alberta Family Employment Tax Credit $ 741
Net Provincial Tax $ 461


Distribution of Tax in 2010

Federal Tax $3480 74 %
Provincial Tax $1202 26 %
Total Federal & Provincial Tax $4682 100 %


Result is based on mentioned website link in my previous post.

OMM

 

[omm]

OR http://tinypic.com/view.php?pic=166boyv&s=5

OMM

 

[Drooza]

thanks sir but i don't understood what is % 15 % 25 % or 30 % 1202 means 29 % almost i am new i live in saudi arabia no idea about tax system please help me.

 

[omm]

thanks sir but i don't understood what is % 15 % 25 % or 30 % 1202 means 29 % almost i am new i live in saudi arabia no idea about tax system please help me.

you have to read the summary of tax. this is the just example. I odn't know much more, but canadian tax is simple system compare to USA.

OMM

 

[hmisabpk]

Hi All,
We are four me and wife and two kids son three and half and daughter 18 month. How much will be that tax on my earning?
For example if i got 23 CAD per hour 40 hours per week / 4,048 CAD per month / 48,576 per year,
How much will be the tax in alberta, someone told me that there is less tax for family person compare to single person.

Hi,Drooza, don’t worry about income tax deduction it will be deducted automatically from your salary and employer will be responsible to take care of it.If you want to know that how much money you will bring home after all deduction use the following calculator or check table. (There are other deduction from salary will be CPP, E.I etc…)
https://apps.cra-arc.gc.ca/ebci/rhpd/handleGeneralInfo.do
http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html

Hope that’s help

hmisabpk

 

[Drooza]

As i understand in Canada two type of income tax ( Federal And Provincial ) for example 15% Federal + 10% Provincial = 15+10 25% on your total income less then 41,544 CAD.