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Jul 15, 2020 1:53 AM UTC
Question

Why is payroll deduction income tax is 22% and not 15% as per CRA guidelines for $6,000?

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1 reply

LeithG
Jul 15, 2020 12:45 PM UTC

If you're in BC and have made over 41k this year, you've moved into the second tax bracket: https://www.wealthsimple.com/en-ca/learn/tax-brackets-canada#federal_tax_bracket_rates_2020