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How Much Extra Is Tax In Canada?

For illustration, if your taxable income in 2021 was $50,000, you would determine your federal tax as follows: Pay 15%, or $7,353.00, of the total amount up to $49,020. Pay $200.90, or 20.5%, of the amount between $49,020 and $98,040. $7,553.90 in total federal taxes are due. 12 May 2022

How Much Extra Is Tax In Canada?
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