Canada depends on the province, and they change something every year. Plus there's sales tax, again it depends on the province.
15% on the first $41,544 of taxable income, +
22% on the next $41,544 of taxable income (on the portion of taxable income between $41,544 and $83,088), +
26% on the next $45,712 of taxable income (on the portion of taxable income between $83,088 and $128,800), +
29% of taxable income over $128,800.
Province of Saskatchewan
11% on the first $40,919 of taxable income, +
13% on the next $75,992, +
15% on the amount over $116,911
Approximately the first $10,000 per year we make doesn't get taxed, that changes every year, and the above numbers get meshed together somehow in the
calculations on the tax forms.
And then there are certain deductions and tax credits, if you have children, a non working spouse, charitable donations......
Some gets withheld on the cheques, and then at tax time, there's a 4 page form, plus pages for extra deductions if needed - or we can enter the
numbers online and just trust the software. I hire an accountant these days
They try to get the payroll deductions close to what the tax people want.
The last cheque was 28% went to tax.
I don't know how much goes to healthcare, it's just included somewhere in the taxes. If we need an operation or a trip to the doctor, it's covered.
Prescriptions, eye care, dental - we need to buy extra insurance on our own, or just pay for it.
Our corporate taxes are low, about 16.5%, which is good for businesses.