Posted by KenAgain on August 19, 2008, 10:52 am
208.181.158.107

If a professional hockey player makes 1 million dollars per year, what is the highest tax rate for the individual player. 50% or 1/2 million dollars?

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Posted by Caribooming on August 22, 2008, 11:39 am, in reply to "Income Taxes"
70.77.142.76

KPMG has 2008 and 2009 Federal and Provincial Marginal Tax Rates available here: http://www.kpmg.ca/en/services/tax/documents/FedandProvTaxRates.pdf

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Posted by Pat on August 31, 2008, 11:45 pm, in reply to "Re: Income Taxes"
24.67.253.209

A better site is Canada Revenue Agency...they have a tax calculator and will tell you exactly the taxes owing on any sum.

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Posted by KenAgain on September 2, 2008, 4:53 pm, in reply to "Re: Income Taxes"
208.181.158.107

So,..29% Federal & 14.7% Provicial =43.7% of 1 milliom Dollars is $437,000. I tought it would be 1/2 their income.

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Posted by KenAgain on December 19, 2008, 5:11 pm, in reply to "Income Taxes"
208.181.158.107

If Mats Sundin makes $8,600,000 per year($23,500/day) , how much income tax will he have to pay?

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