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Online payroll deduction Calculator

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CanaTax

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Jul 6, 2006, 6:12:33 PM7/6/06
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New payroll tax table available(include Quebec) at www.canatax.com.

CanaTax.com is a free Canadian payroll tax calculator. CanaTax provides
users with an easy way to calculate taxes on regular salary, bonus,
retroactive pay and commission. Calculations include CPP, EI, Federal
tax and Provincial tax (including Quebec).

Features
All provinces including Quebec.
Federal and Provincial tax claims can be entered as codes.
Use Computer Formula tax calculation methods.
More earnings and deductions.
Federal and provincial labour-sponsored tax credits.

The following income tax changes has applied to www.canatax.com.

Federal
The lowest personal income tax rate has been revised to 15.5%
effective July 1, 2006.
The federal basic personal amount has been revised to $8,639 effective
July 1, 2006.
Effective July 1, 2006, the application includes the new Canada
Employment Credit for all employees.
The federal personal amounts for July 1, 2006 have been revised. For
more detailed information on the revised personal amounts, see the
federal Form TD1 for July 1, 2006.

Alberta
Some provincial personal amounts for Alberta have been revised
effective July 1, 2006.

Canada Payroll Tax Caculator
www.canatax.com

S.M. Serba

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Jul 10, 2006, 3:15:01 PM7/10/06
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Heard of the Canada Revenue Agency's Tables on Diskette software?

Stephanie

David Smith

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Jul 10, 2006, 4:56:49 PM7/10/06
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"S.M. Serba" <sms...@gmail.com> wrote in message
news:1152558901.8...@h48g2000cwc.googlegroups.com...

> Heard of the Canada Revenue Agency's Tables on Diskette software?
>
> Stephanie

I'm sure he has. This one is certainly very useful.


Nicholas Fitzpatrick

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Jul 11, 2006, 5:22:29 PM7/11/06
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In article <e8ueue$va0$1...@nntp.aioe.org>, David Smith <em...@email.com> wrote:
>
>I'm sure he has. This one is certainly very useful.

It would be very useful if it worked correctly. I was doing some calculations
yesterday for Ontario and I threw a spreadsheet together. My spreadsheet
matches the tax tables:
http://www.cra-arc.gc.ca/E/pub/tg/t4008-on-7/t4008-on-7-06b.pdf

however this website - http://www.canatax.com doesn't.

For example, if you take someone in Ontario, on the July 2006 tax table,
with no deductions except the usual EI and CPP, 12 pay periods and claim
code 1, and a pay of $1,250 a period (month). All the taxes listed are
correct, except provincial, which reports $29.11. The correct amount
would be $25.88. It appears that the website doesn't take into account
the Ontario Tax Reduction which is outline in the tax tables.

A noble effort certainly. Though isn't the CRA adding something like
this in 2007?

Nick

David Smith

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Jul 11, 2006, 7:06:37 PM7/11/06
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"Nicholas Fitzpatrick" <nf...@shell1.sentex.ca> wrote in message
news:44b41695$1...@news.sentex.net...

I guess I spoke too soon. Doing it RIGHT always helps;>))


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