logitech487 wrote:
I work for a hospital and last year we did over 15 million in free services and that's not counting medicaid which reimburses at about .05 on the dollar. What is the tax rate in Canada
For 42500$ Can of income
My average rate is at 23% for 2006 (Federal)
Marginal rate is 38% (include Federal and provincial)
Here the number for 2006 (marginal rate)(approx. depends on your financial situation, deduction and all)
up to 34 555 $ 21 %
From 34 555 $ to 36 378 $ 24 %
From 36 378 $ to 69 110 $ 31 %
From 69 110 $ to 72 756 $ 34 %
From 72 756 $ to 112 358 $ 38 %
From 112 358 $ to 118 285 $ 40 %
Over de 118 285 $ 43 %
BN wrote:
One thing that Australia also offers is that if you get private health insurance. The fee you pay is tax deductible.
I would prefer to see the money that is given in deductions poured into the public systems.
It's also true here, but would not want to change it. However the part that the insurance company don't pay for is also deductible, and that i would change ( if a mix system private/public is to be created here), if you have enough money to go to a private clinic/hospital (after taxes and all) than you don't need to be refunded by the gov. It would be like takin money from the public system to fund the private sector, and nullified any advantage of a mix system.