For Michael Moore; The Average Canadian Tax Rates

April 27, 2010 at 9:19 pm (Canada, Political) (, , )

Mr. Moore;

Thank you for checking out my blog and my methodology for finding the average Canadian Tax Rate. I cannot get out to LA for a ballgame, but if you have a position on your staff, I need a job.

I am a Michigan boy, too. My dad worked at Buick City and I lived as a young boy in Flushing, MI. I attended Elms Elementary. After my parents divorced and Buick City closed, my family moved to Sterling Heights, MI for Junior High and High School. I attended Wayne State University, where I was a member of the Wayne State Debate team. I have exceptional research training and experience. I was even awarded a grant – as an undergraduate – to research US-Russian nuclear policies.

In 2008, I was employed as an organizer for the President’s campaign.

I believe I would be an asset to your team.

Thank you,
Don Ritchie

Without further ado:

19%-26% (2010) depending on province for the median (2007) individual
22.9%-30.1% (2010) depending on province for the median (2007) family

Canadian Median Individual Income, 2007 – $27,960
http://www40.statcan.gc.ca/l01/cst01/famil105a-eng.htm

Canadian Median Family Income, 2007 – $66,550
http://www40.statcan.gc.ca/l01/cst01/famil108a-eng.htm

For $70k, due to graduated Canadian tax rates, the percentages will be a smidgeon lower; but you changed the criteria after I had already finished my project.

EDIT: Fine, call me a perfectionist. At $70k, the tax rates vary from 22.5% (Nunavut) – 29.8% (Nova Scotia)

5627.6 + 6145.5 = 11773.1 in federal taxes, or 17.7% for the Median Canadian Family

Newfoundland: 2408.4 + 4003.6 + 619.1 = 7031.1 provincial tax, or 10.6%
Prince Edward Island: 3134.4 + 4413.9 + 431 = 7979.3 provincial tax, or 12%
Nova Scotia: 2601 + 4423.7 + 1228.6 = 8253.3 provincial tax, or 12.4%
New Brunswick: 3387.2 + 3766.1 = 7153.3 provincial tax, or 10.7%
Ontario: 1873.9 + 2694.1 = 4568 provincial tax, or 6.9%
Manitoba: 3348 + 4532.7 = 7880.7 provincial tax, or 11.8%
Saskatchewan: 4439 + 3405.5 = 7844.5 provincial tax, or 11.8%
Alberta: 10%
British Columbia: 1814.5 + 2363.2 = 4177.7 provincial tax, or 6.3%
Yukon: 2884.3 + 2476.1 = 5360.4 provincial tax, or 8.1%
Northwest Territories: 2189.3 + 2532.2 = 4721.5 provincial tax, or 7.1%
Nunavut: 1562.6 + 1924 = 3486.6 provincial tax, or 5.2%

2010 Income Tax Rates
http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html

15% on the first $40,970 of taxable income, +
22% on the next $40,971 of taxable income (on the portion of taxable income between $40,970 and $81,941), +
26% on the next $45,080 of taxable income (on the portion of taxable income between $81,941 and $127,021), +
29% of taxable income over $127,021.

2010 Provincial Income Tax Rates

Newfoundland and Labrador
7.7% on the first $31,278 of taxable income, +
12.8% on the next $31,278, +
15.5% on the amount over $62,556

Prince Edward Island
9.8% on the first $31,984 of taxable income, +
13.8% on the next $31,985, +
16.7% on the amount over $63,969

Nova Scotia
8.79% on the first $29,590 of taxable income, +
14.95% on the next $29,590, +
16.67% on the next $33,820 +
17.5% on the amount over $93,000

New Brunswick
9.3% on the first $36,421 of taxable income, +
12.5% on the next $36,422, +
13.3% on the next $45,584, +
14.3% on the amount over $118,427

Quebec Contact Revenu Québec

Ontario
5.05% on the first $37,106 of taxable income, +
9.15% on the next $37,108, +
11.16% on the amount over $74,214

Manitoba
10.8% on the first $31,000 of taxable income, +
12.75% on the next $36,000, +
17.4% on the amount over $67,000

Saskatchewan
11% on the first $40,354 of taxable income, +
13% on the next $74,943, +
15% on the amount over $115,297

Alberta
10% of taxable income

British Columbia
5.06% on the first $35,859 of taxable income, +
7.7% on the next $35,860, +
10.5% on the next $10,623, +
12.29% on the next $17,645, +
14.7% on the amount over $99,987

Yukon
7.04% on the first $40,970 of taxable income, +
9.68% on the next $40,971, +
11.44% on the next $45,080, +
12.76% on the amount over $127,021

Northwest Territories
5.9% on the first $37,106 of taxable income, +
8.6% on the next $37,108, +
12.2% on the next $46,442, +
14.05% on the amount over $120,656

Nunavut
4% on the first $39,065 of taxable income, +
7% on the next $39,065, +
9% on the next $48,891, +
11.5% on the amount over $127,021

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