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brian
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https://www.taxtips.ca/calculators/canadian-tax/canadian-tax-calculator.htm You can go here to figure most of this out. I input your data and this is what came out.

fed 1314,985709 prov 7,171784

Note the cap gains are taxed at half the actual amount so $20k (from anywhere in the world) counts as $10k in income.

The foreign dividends are just straight income but this calculator doesn't seem to have a foreign tax credit. Assume you already paid 15% or $300 in tax to whatever country the dividends are from, then you will usually deduct $300 from your taxes.

I assumed this was self-employmentemployment income so you will have to pay the CPP for yourself and not the employers portion. I said nomultiplied the USD by 1.33 for CAD.

Not included are;

CPP & enhanced CPP paid on employment income 2,898.00

EI since most self-employed people don't voluntarily pay anypaid on employment income 856.36

Edit: actuallyOf course you get some benefit from these numbers are for regular employment. I was switching the numbers back CPP is a small retirement pension and forthalso provides for long term disability if you're unable to seework anymore. EI is shorter term un-employment insurance if it did the calculation properlyyou get laid off or are sick and also provides some parental benefits.

https://www.taxtips.ca/calculators/canadian-tax/canadian-tax-calculator.htm You can go here to figure most of this out. I input your data and this is what came out.

fed 13,985 prov 7,171

Note the cap gains are taxed at half the actual amount so $20k (from anywhere in the world) counts as $10k in income.

The foreign dividends are just straight income but this calculator doesn't seem to have a foreign tax credit. Assume you already paid 15% or $300 in tax to whatever country the dividends are from, then you will usually deduct $300 from your taxes.

I assumed this was self-employment income so you will have to pay the CPP for yourself and the employers portion. I said no for EI since most self-employed people don't voluntarily pay any.

Edit: actually these numbers are for regular employment. I was switching the numbers back and forth to see if it did the calculation properly.

https://www.taxtips.ca/calculators/canadian-tax/canadian-tax-calculator.htm You can go here to figure most of this out. I input your data and this is what came out.

fed 14,709 prov 7,784

Note the cap gains are taxed at half the actual amount so $20k (from anywhere in the world) counts as $10k in income.

The foreign dividends are just straight income but this calculator doesn't seem to have a foreign tax credit. Assume you already paid 15% or $300 in tax to whatever country the dividends are from, then you will usually deduct $300 from your taxes.

I assumed this was employment income so you will have to pay the CPP for yourself and not the employers portion. I multiplied the USD by 1.33 for CAD.

Not included are;

CPP & enhanced CPP paid on employment income 2,898.00

EI paid on employment income 856.36

Of course you get some benefit from these. CPP is a small retirement pension and also provides for long term disability if you're unable to work anymore. EI is shorter term un-employment insurance if you get laid off or are sick and also provides some parental benefits.

added 149 characters in body
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brian
  • 1.7k
  • 9
  • 9

https://www.taxtips.ca/calculators/canadian-tax/canadian-tax-calculator.htm You can go here to figure most of this out. I input your data and this is what came out.

fed 13,985 prov 7,171

Note the cap gains are taxed at half the actual amount so $20k (from anywhere in the world) counts as $10k in income.

The foreign dividends are just straight income but this calculator doesn't seem to have a foreign tax credit. Assume you already paid 15% or $300 in tax to whatever country the dividends are from, then you will usually deduct $300 from your taxes.

I assumed this was selfself-employment income so you will have to pay the CPP for yourself and the employers portion. I said no for EI since most self-employed people don't voluntarily pay any.

Edit: actually these numbers are for regular employment. I was switching the numbers back and forth to see if it did the calculation properly.

https://www.taxtips.ca/calculators/canadian-tax/canadian-tax-calculator.htm You can go here to figure most of this out. I input your data and this is what came out.

fed 13,985 prov 7,171

Note the cap gains are taxed at half the actual amount so $20k (from anywhere in the world) counts as $10k in income.

The foreign dividends are just straight income but this calculator doesn't seem to have a foreign tax credit. Assume you already paid 15% or $300 in tax to whatever country the dividends are from, then you will usually deduct $300 from your taxes.

I assumed this was self-employment income so you will have to pay the CPP for yourself and the employers portion. I said no for EI since most self-employed people don't voluntarily pay any.

https://www.taxtips.ca/calculators/canadian-tax/canadian-tax-calculator.htm You can go here to figure most of this out. I input your data and this is what came out.

fed 13,985 prov 7,171

Note the cap gains are taxed at half the actual amount so $20k (from anywhere in the world) counts as $10k in income.

The foreign dividends are just straight income but this calculator doesn't seem to have a foreign tax credit. Assume you already paid 15% or $300 in tax to whatever country the dividends are from, then you will usually deduct $300 from your taxes.

I assumed this was self-employment income so you will have to pay the CPP for yourself and the employers portion. I said no for EI since most self-employed people don't voluntarily pay any.

Edit: actually these numbers are for regular employment. I was switching the numbers back and forth to see if it did the calculation properly.

Source Link
brian
  • 1.7k
  • 9
  • 9

https://www.taxtips.ca/calculators/canadian-tax/canadian-tax-calculator.htm You can go here to figure most of this out. I input your data and this is what came out.

fed 13,985 prov 7,171

Note the cap gains are taxed at half the actual amount so $20k (from anywhere in the world) counts as $10k in income.

The foreign dividends are just straight income but this calculator doesn't seem to have a foreign tax credit. Assume you already paid 15% or $300 in tax to whatever country the dividends are from, then you will usually deduct $300 from your taxes.

I assumed this was self-employment income so you will have to pay the CPP for yourself and the employers portion. I said no for EI since most self-employed people don't voluntarily pay any.