What percentage of $8.25/hr wage is taken out for taxes on a paycheck in Canada?

What percentage of $8.25/hr wage is taken out for taxes on a paycheck in Canada?

Postby erwin » Fri May 13, 2011 8:50 pm

I just started working for $8.25/hr in BC, Canada. Is there a set percentage of taxes that is going to be taken out of my paycheck?
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What percentage of $8.25/hr wage is taken out for taxes on a paycheck in Canada?

Postby yitzchak6 » Fri May 13, 2011 8:51 pm

Assuming weekly pay and that you work 40 hrs a week, thus making $330 a week, and you're a single BC resident, they will withhold $13.25 for federal tax, and nothing for the province. The percentage isn't set, but you can look it up on the tables I'm linking below. Make sure to look up both federal and provincial and add them together. You are most likely in claim code 1.
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What percentage of $8.25/hr wage is taken out for taxes on a paycheck in Canada?

Postby devin » Fri May 13, 2011 8:54 pm

If you work in BC - the min wage effective May 1/11 is now $8.75 - with the exception of liquor servers who will be paid $8,50 per hour until their increase takes effective Nov 1 - anyway, back to your question - BC provincial tax is approx $11000/yr meaning, you have to make over $11000/year before being subject to tax -federal tax cap is $10.000 - you don't make those amounts, you will get any tax you pay on that salary at income time.
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What percentage of $8.25/hr wage is taken out for taxes on a paycheck in Canada?

Postby keeley29 » Fri May 13, 2011 8:56 pm

It depends on how many hours per week you work.

You can calculate your take home pay here: url_not_allowed.cra-arc.gc.ca/pdoc/
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