Personal Tax in Canada

Overview by Globlatrade.net:
Tax Base For Residents and Non-Residents
Residents are subject to income tax on their worldwide income from all sources. personal Non-residents are taxed on revenue earned in Canada.
 

Tax Rate

Federal Tax Rate progressive from 15 up to 29% (24.2% for Québec residents).
Provincial Tax from 10 to 24% according to revenue and province
For further information, consult the Canada Revenue Agency website.
 
Allowable Deductions and Tax Credit
Basic federal personal deductions 9,600 CAD.
Other reductions or allowances: moving expenses, alimony, investments, medical expenses, educational expenses, etc.
Special Expatriate Tax Regime
They have a right to some exemptions in force since 2008 such as eliminations of withholding tax on arm's length interest paid or credited to non-residents.
For further information, consult the Canada Revenue Agency website.
Capital Tax Rate
Capital taxes are scheduled for elimination in 2010 (2011 in Québec)

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