Federal Income Tax rate for 2008:
|
2008 Income |
Federal income |
Tax Rate |
Tax You Paid |
|
Limit |
breakdown |
|
|
|
37,885.00 |
|
15% |
5,682.75 |
|
|
|
|
|
|
75,769.00 |
37,885.00 |
15% |
5,682.75 |
|
|
37,884.00 |
22% |
8,334.48 |
|
|
|
You pay Tax of |
14,017.23 |
|
|
|
|
|
|
123,184.00 |
37,885.00 |
15% |
5,682.75 |
|
|
37,884.00 |
22% |
8,334.48 |
|
|
47,415.00 |
26% |
12,327.90 |
|
|
|
You pay Tax of |
26,345.13 |
|
|
|
|
|
|
150,000.00 |
37,885.00 |
15% |
5,682.75 |
|
*any amount |
37,884.00 |
22% |
8,334.48 |
|
above 123,184 |
47,415.00 |
26% |
12,327.90 |
|
|
26,816.00 |
29% |
7,776.64 |
|
|
|
You pay Tax of |
34,121.77 |
BC provincial tax rate for 2008:
|
2008 Income |
BC income |
Tax Rate |
Tax Payable |
|
Iimit |
breakdown |
|
|
|
35,016.00 |
|
5.06% |
1,771.81 |
|
|
|
|
|
|
70,033.00 |
35,016.00 |
5.06% |
1,771.81 |
|
|
35,017.00 |
7.70% |
2,696.31 |
|
|
|
You pay Tax of |
4,468.12 |
|
|
|
|
|
|
80,406.00 |
35,016.00 |
5.06% |
1,771.81 |
|
|
35,017.00 |
7.70% |
2,696.31 |
|
|
10,373.00 |
10.50% |
1,089.17 |
|
|
|
You pay Tax of |
5,557.28 |
|
|
|
|
|
|
97,636.00 |
35,016.00 |
5.06% |
1,771.81 |
|
|
35,017.00 |
7.70% |
2,696.31 |
|
|
10,373.00 |
10.50% |
1,089.17 |
|
|
17,230.00 |
12.29% |
2,117.57 |
|
|
|
You pay Tax of |
7,674.85 |
|
|
|
|
|
|
125,000.00 |
35,016.00 |
5.06% |
1,771.81 |
|
*any amount |
35,017.00 |
7.70% |
2,696.31 |
|
above 97,636 |
10,373.00 |
10.50% |
1,089.17 |
|
|
17,230.00 |
12.29% |
2,117.57 |
|
|
27,364.00 |
14.70% |
4,022.51 |
|
|
|
You pay Tax of |
11,697.36 |
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