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Rawski & Company
Chartered Professional Accountants,
Professional Accounting Firm, Professional Corporation
201-9488-51 Avenue, Edmonton, Alberta, T6E 5A6
780-761-1115
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Rawski & Company
Chartered Professional Accountants, Professional Accounting Firm, Professional Corporation 201-9488-51 Avenue, Edmonton, Alberta, T6E 5A6 780-761-1115 |
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The following article was first published in the St. Albert Gazette:
| EXPERT OPINION | ||
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What are the new middle class tax cut and high income bracket? The middle class tax cut is a 1.5% reduction in the federal tax rate from 22% to 20.5% on taxable income from $45,283 to $90,563. Effective January 1, 2016, the annual tax savings is up to $679/person. The CPP and EI rates are unchanged. Starting this month, take home pay should be higher. Those individuals with taxable income between $140,388 to $200,000 will still pay tax at the rate of 29% on income in this range. However, those with taxable income over $200K will pay tax in a new 33% tax bracket on each dollar over $200K. The USA also taxes income over $200K at 33% to 39.6% and has done so for quite some time. Call us to pay the least amount of tax permissible by law for your Canadian and USA business or personal taxes. © - Jacob Rawski, 2016 |
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Head office:Elm Business Park, Building #1,201-9488-51 Avenue, Edmonton, Alberta, T6E 5A6 |
Telephone: 780-761-1115info@rawski.ca |
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