Lowest marginal tax rate for 2005: 15% or 16%

This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.

Moderator: Mark T Serbinski CA CPA

Post Reply
worryfreeinvestor
Posts: 148
Joined: Thu Mar 24, 2005 6:17 pm
Location: Park City, Utah

Lowest marginal tax rate for 2005: 15% or 16%

Post by worryfreeinvestor »

Schedule 1 has 16% but the CRA website states 15%? Which is it?
Top
nelsona
Posts: 18675
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

I don't know what the CRA 'website' states, but the current revision Schedule 1 rate has been changed to 15%.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
Top
Norbert Schlenker
Posts: 68
Joined: Sun Nov 21, 2004 1:22 pm
Location: The Dry Side of the Wet Coast
Contact:
Contact Norbert Schlenker

Post by Norbert Schlenker »

It's 15%. If you have a Schedule 1 that shows 16%, don't use it. Download a good copy from CRA's website.
Top
Post Reply

Return to “Canada / United States Tax & Accounting”