Calculate your Marginal Tax rate

I just found this neat income tax calculator if you want to get a rough idea of how much income tax you will have to pay this year, and how that compares to other provinces. Remember, this is just an estimate and doesn't take into account your deductions and other items.

Income Tax Calculator

Here is the difference between Quebec and Ontario at $60000 income (about $4000 a year).

Gatineau - the Tax I almost forgot ...

I forgot in my taxes post to include this one ...

The Gatineau Tax de Bienvenue

Loosely translated that means "Gatineau Welcome Tax" and roughly it is about 1% of whatever you paid for your house. So about $2500 for your new $250,000 house.

And what services does that tax pay for? Well, nothing really. You just pay it for the privilege of moving in ...

Seriously ...

Gatineau Taxes - the Biggest Lie

Lets start with property taxes:
A 2000 sq.ft home in Ottawa on a 50 x 100ft lot (approx) taxes are about $3,000 a year.
In Gatineau : $5,600 a year!

Difference? $50 a week

Income taxes:
Based on a Salary of $60,000
Ontario net per paycheck : $2,000
Gatineau net per paycheck : $1,600

Difference? $200 a week

So if you are a home owner with a $250,000 house and a $60,000 a year job, you WILL PAY about $13,000 more taxes PER YEAR than your conterpart living in Ottawa. Read that again - Gatineau taxes are THIRTEEN THOUSAND DOLLARS more ...