Online payroll deduction Calculator

Jul 06, 2006 4 Replies

New payroll tax table available(include Quebec) at

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CanaTax.com is a free Canadian payroll tax calculator. CanaTax provides users with an easy way to calculate taxes on regular salary, bonus, retroactive pay and commission. Calculations include CPP, EI, Federal tax and Provincial tax (including Quebec).



Features All provinces including Quebec. Federal and Provincial tax claims can be entered as codes. Use Computer Formula tax calculation methods. More earnings and deductions. Federal and provincial labour-sponsored tax credits.



The following income tax changes has applied to

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Federal The lowest personal income tax rate has been revised to 15.5% effective July 1, 2006. The federal basic personal amount has been revised to $8,639 effective July 1, 2006. Effective July 1, 2006, the application includes the new Canada Employment Credit for all employees. The federal personal amounts for July 1, 2006 have been revised. For more detailed information on the revised personal amounts, see the federal Form TD1 for July 1, 2006.



Alberta Some provincial personal amounts for Alberta have been revised effective July 1, 2006.



Canada Payroll Tax Caculator

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Heard of the Canada Revenue Agency's Tables on Diskette software?

Stephanie

CanaTax wrote:

I'm sure he has. This one is certainly very useful.

It would be very useful if it worked correctly. I was doing some calculations yesterday for Ontario and I threw a spreadsheet together. My spreadsheet matches the tax tables:

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however this website -
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doesn't. For example, if you take someone in Ontario, on the July 2006 tax table, with no deductions except the usual EI and CPP, 12 pay periods and claim code 1, and a pay of $1,250 a period (month). All the taxes listed are correct, except provincial, which reports $29.11. The correct amount would be $25.88. It appears that the website doesn't take into account the Ontario Tax Reduction which is outline in the tax tables.

A noble effort certainly. Though isn't the CRA adding something like this in 2007?

Nick

I guess I spoke too soon. Doing it RIGHT always helps;>))

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