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View Full Version : How much in taxes?


Submerge
03-26-2007, 02:27 PM
Taxes season is upon us, and it's almost over. So the tax rush is occurring. But how much are you guys finding that you owe to the government? I should have my figures soon.

Tyler
03-26-2007, 05:29 PM
I owed, and paid exactly $15,802.32 to the CRA (Canadian version of IRS) last week.

Submerge
03-27-2007, 12:03 PM
That's roughly 18% of your income? Not too bad actually (If I'm correct).

Arthur07
03-27-2007, 01:31 PM
If you are a sole trader or partner here you pay around 17.5% in tax (called VAT).

If you are a registered company you pay VAT plus an additional 10% corporation tax.

Submerge
03-27-2007, 07:06 PM
Oh, I wonder what it is in Canada and the US.