What percentage of my income goes toward taxes?
A little more detail, I'm 16 years old, just got my first job. I know barely anything about income taxes. I make $1,080 a month, which makes my annual income $12,960. I live in Ontario, and basically I want to know what percentage of my income would go towards taxes. I got estimates of around 15% to 30%, but they weren't accurate enough. Any help would be greatly appreciated.
Public Comments
- Canada Revenue Agency has an online calculator that will show you what your deductions will be.
