Income tax for minors in Ontario, Canada?
rates pay income tax depend on how earn in given time frame. if you're getting 1 hour per week, deductions different getting 50 hours per week.
no matter amount, you'll have pay ei premiums, if you're minor. rate 1.71%, , applied first dollar earn. if income year turns out less $2,000, you'll these premiums back.
if you're under eighteen, won't allowed pay canada pension plan, if pay stub shows you're being deducted this, make sure employer knows birthdate.
federal income tax not payable until income reaches $9,600, , starts @ 15%. ontario income tax starts after $8,681 income , rate starts @ 6.05%. employer should deduct tax on periodic basis, if income year doesn't reach these levels, you'll tax when file income tax return.
i got job, , wondering if knew whet income tax making $8.25 hour @ grocery store is. i've heard 25%, confirmation.
thank you
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