Submitted by [deleted] t3_126q32z in personalfinance
[deleted] OP t1_jea7deq wrote
Reply to comment by nkyguy1988 in Why on earth do I owe money?? by [deleted]
Income around 70 , total deducted is like 13,
nkyguy1988 t1_jea7map wrote
Since I see you mentioned Canada in another post, you will likely get more tailored answers in r/personalfinancecanada
[deleted] OP t1_jea7ran wrote
Thank you so much!
FourWayFork t1_jea7xna wrote
I don't know anything about Canada (other than that it's cold and you have maple syrup), but are these brackets right? https://www.wealthsimple.com/en-ca/learn/tax-brackets-canada
So according to this, your taxes would be $7529.55 + $4059.615 = $11589.16
Do you have a standard deduction like we have in the US (where a certain amount of your income is excluded from taxation)?
If this tax table is right and you had $70K in income with $13K withheld, then something is not right somewhere along the line.
[deleted] OP t1_jea858o wrote
Thanks, I am doin them myself so it's possible I just messed up somewhere along the way!
Viewing a single comment thread. View all comments