Ray, for 2019, Canada’s Income Tax Brackets (Federal_ were as follows:
The first $12,069 is untaxed. (This is the basic deduction. )
15% on the first $47,630 of taxable income, plus
20.5% on the next $47,629 of taxable income (on the portion of taxable income over 47,630 up to $95,259),plus
26% on the next $52,408 of taxable income (on the portion of taxable income over $95,259 up to $147,667),plus
29% on the next $62,704 of taxable income (on the portion of taxable income over 147,667 up to $210,371), plus
33% of taxable income over $210,371
Territory or Provincial taxs are from 4% to 12% and kick in at $7700 to $16000 depending on the territory/province.
https://www.taxtips.ca/nrcredits/tax-cr ... 9-base.htm
If you really want to get into the weeds, I don't think you'll find a significant difference ....with the US rates (depending on state)
https://taxfoundation.org/2019-tax-brackets/
The ;point being, that after these taxes, Americans, either corporations or individuals still have health insurance costs.... And many of those with insurance still have co-pays, or annual or life time capitation rates...
Except for people like Bbauska.
The first $12,069 is untaxed. (This is the basic deduction. )
15% on the first $47,630 of taxable income, plus
20.5% on the next $47,629 of taxable income (on the portion of taxable income over 47,630 up to $95,259),plus
26% on the next $52,408 of taxable income (on the portion of taxable income over $95,259 up to $147,667),plus
29% on the next $62,704 of taxable income (on the portion of taxable income over 147,667 up to $210,371), plus
33% of taxable income over $210,371
Territory or Provincial taxs are from 4% to 12% and kick in at $7700 to $16000 depending on the territory/province.
https://www.taxtips.ca/nrcredits/tax-cr ... 9-base.htm
If you really want to get into the weeds, I don't think you'll find a significant difference ....with the US rates (depending on state)
https://taxfoundation.org/2019-tax-brackets/
The ;point being, that after these taxes, Americans, either corporations or individuals still have health insurance costs.... And many of those with insurance still have co-pays, or annual or life time capitation rates...
Except for people like Bbauska.