Bob Mcdonald CMA,ISP
15736 100 Ave N.W. Edmonton, Alberta Canada T5P 0L1
Fax (403)496-4393 -------- Phone (403)484-1133
Tax Estimates for 2005
** Updated August 3,2005 * Medical/Moving Travel Info Below or go to:For More Info
The FLAT RATE for meal expenses (medical & Travel) is $15
NOTE: Due to the complexity of combined Federal & Provincial rates we are now
showing only the BASIC TAX at specific taxable income levels.
The FEDERAL Basic Personal Exemption is $8,148. (Prov exemptions below)
|
Taxable Income |
Basic Tax Alberta* |
Basic Tax BC* |
Basic Tax SK* |
Basic Tax NS* |
Basic Tax ON* |
Basic Tax NWT* |
|
$10,000 |
$ 296 |
$ 376 |
$ 472 |
$ 540 |
$ 405 |
$ 296 |
|
$15,000 |
$1,145 |
$ 1,479 |
$ 1,822 |
$ 1,780 |
$ 1,508 |
$ 1,296 |
|
$20,000 |
$2,445 |
$ 2,581 |
$ 3,172 |
$ 3,020 |
$ 2,610 |
$ 2,391 |
|
$30,000 |
$5,045 |
$ 4,786 |
$ 5,872 |
$ 5,523 |
$4,815 |
$ 4,581 |
|
$40,000 |
$7,908 |
$ 7,470 |
$ 8,901 |
$ 8,882 |
$ 7,471 |
$ 7,203 |
|
$50,000 |
$11,108 |
$ 10,585 |
$ 12,401 |
$12,577 |
$ 10,586 |
$ 10,263 |
|
$60,000 |
$14,308 |
$ 13,700 |
$ 15,901 |
$16,287 |
$ 13,703 |
$ 13,325 |
|
$70,000 |
$17,508 |
$ 16,915 |
$ 19,401 |
$20,155 |
$17,049 |
$ 16,470 |
|
$80,000 |
$21,060 |
$ 20,718 |
$23,253 |
$24,373 |
$ 21,320 |
$ 20,240 |
|
$90,000 |
$24,660 |
$ 24,688 |
$ 27,153 |
$28,793 |
$ 25,660 |
$ 24,060 |
|
$100,000 |
$28,260 |
$ 28,737 |
$ 31,053 |
$33,289 |
$ 30,000 |
$ 27,880 |
|
$110,000 |
$31,860 |
$ 32,807 |
$ 35,052 |
$37815 |
$ 34,345 |
$ 31700 |
|
Travel/Medical** |
44.0/km |
44.0/km |
40.0/km |
44.0/km |
45.5/km |
49.5/km |
|
Personal exemption |
$14,523 |
$8,676 |
$8,404 |
$7,231 |
$8,196 |
$ 11,609 |
Alberta Rate Breaks at $35,595 Addn'l @22%, $71,190 Addn'l @26%,and $115,739 Addn'l @29%,
* All figures are APPROXIMATE. Consult your tax advisor. for your situation.
** Rates approved by CCRA for moving expenses and medical travel.
NOTE: In some cases Installments are required to be paid as advances
towards taxes which will be due at the end of the subsequent fiscal period
CLICK HERE if you want to know
more about personal Tax Installments .
Go to McDonald
& Co. Accountants - HOME PAGE for more FREE INFO
Bob & Ronalda McDonald - PERSONAL HOME PAGES
Created: 01/07/97 at 5:13:46 AM Updated: 10/7/20052:13:06 PM