This article will list the personal tax brackets in Canada for 2022. It will also explain how the marginal tax rate system works in Canada for individuals and how you can easily estimate your personal taxes.
I began to enter all of the amounts into a spreadsheet to calculate the total and enter the amount into their tax return. An hour later, I came up with a total of just over $300 which I knew was not even close to enough to claim. That hour was not particularly well spent.
We are asked a lot to file tax returns for self-employed people (contractors, solopreneurs, etc.). While we definitely do this, I like to make sure you know what you would be paying us for.
Let’s try and eliminate those excuses so that you can prepare and file your own personal tax return easily, accurately, and inexpensively. This post will walk you through that process, so collect your tax documents and let’s get to it!