Fill yellow highlighted cells

Rate

Income
Tax 18.69% $ 85,000.00
CPP 4.95% $ 49,000.00
EI 1.88% $ 48,600.00
Other Income
CCTB
Spousal Income
# Children
Children Arts & Fitness Expenses
Public Transit Pass Expenses

Net Yearly Income

Monthly Net Income

Pay Period

Gross Income $ 85,000.00

15% $ 43,953.00
22% $ 41,047.00
Federal
26% $ -
29% $ -

Provincial 10% $ 85,000.00

Tax rate

Tax Credits Federal

Personal Credit $ 11,138.00 15%
Spousal tax credit $ 11,138.00 15%
Dependent Children credit $ 2,255.00 15%
Canada Employment Income $ 1,117.00 15%
CPP Credit $ 2,425.50 15%
EI credit $ 913.68 15%
Child Arts & Fitness $ - 15%
Public Transit Credit $ - 15%

Deductions
Northern Residency 730 $ -
Northern Travel $ -

Federal $ 11,275.21
Net Tax after credits
Provincial $ 4,608.68

Total Tax Payable $ 15,883.90

Tax Paid for 2014 through payroll deductions $ 25,000.00

Total Deductions $ 15,883.90
Amount Owing to CRA (+ ve value) or
Refund (- ve value) -$ 9,116.11
 $$

$ 85,000.00 RRSP 0
$ 15,883.90
$ 2,425.50
$ 913.68
$ -
$ -
$ -
1
$ -
$ -

$ 65,776.93

$ 5,481.41
$ 2,740.71

$ 6,592.95
$ 9,030.34
$ -
$ -
$ 15,623.29
$ 8,500.00
$ 15,883.90
18.69%

deral Provincial
$ 1,670.70 $ 17,787.00 10% $ 1,778.70
$1,670.70 $ 17,787.00 10% $1,778.70
$ 338.25
$ 167.55
$363.83 $ 2,425.50 10% $242.55
$137.05 $ 913.68 10% $91.37
$0.00
$0.00
$ 4,348.08 $ 3,891.32

$ -
$ -
$ -

18.69%