Skip to main content

Get 50% OFF QuickBooks for 3 months*

Buy now
Switch to QuickBooks and 70% off for 3 Months
July 15, 2020
Question

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

  • July 15, 2020
  • 1 reply
  • 0 views
No text available

1 reply

LeithG
Level 2
July 15, 2020

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