Networking: meetup networking trade show
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Fall 2010 Networking Mixer and Trade Show
taxsupport.ca has a booth at the Fall 2010 Networking Mixer and Trade Show Meetup at the Ceilis Irish Club in downtown Vancouver on October 5, 2010. During past summer we attended few meetup trade shows and received great feedback. So, it was a easy decision to attend the Fall event. This Meetup event is organized by “Vancouver Business Network”, “Byzhub Vancouver”. “Vancouver Happy Hour Group” will also be at the meetup. It is laudable that, organizers of the event have managed to keep the event free to attend.
The following business services will be present at the Trade Show.
Bartering Company
Accountant (that’s taxsupport.ca)
Financial
Web design / SEO / Social Media
Coach Kyle
Office Supplies
Branding Company
Photographer
Video Producer
Byzhub
Interestingly, media present is expected there to cover the event.
Canada Revenue Agency: Income Tax Tax Rate
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Do you know how much tax you will pay?
As a Canadian Tax Payer we all know, how much Tax refund we have received or how much we owed to CRA. Unfortunately most of us do not know our total tax bill.
Typically, in a T4 slip there are three major Tax Deduction. These are Income Tax, CPP (Canada Pension Plan Tax), EI (Employment Insurance Tax).
Tax rate for CPP is 4.95% and EI is 1.73% of your total income. CPP is maxed out at $47,200 for 2010 and maximum CPP tax is $2,163.15. EI is maxed out at $43,200 and maximum EI us $747.36.
Income Tax on the other hand never max out. Income Tax and tax rate increase progressively with increase of your income. Combining these three major taxes on your T4 slip, at a minimum everyone in Canada pays 22% of their income in taxes.
Watch the video below and you will be surprised how much tax you pay to CRA.
HST Income Tax: HST
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Real Cost of a $100 Restaurant Meal
This is a simple example of how consumers are loosing purchasing power with HST tax laws.
To purchase a restaurant meal costing $100 subject to HST (12%), you will need $112.
To have $112 in disposable income after taxes, (employment income tax rate is about 22%), you will need a gross income of $136.64. Next time you go to Restaurant and your tab is $100, here is how much money you will need to make to pay for that meal.
| Meal | $100.00 |
| HST (12)% on $100 | 12.00 |
| Tips (15%) on $112 | 16.80 |
| Restaurant bill | $128.80 |
| Income tax (Source Tax 22%) | 36.30 |
| Total income to Earn for the Meal | $165.10 |
Canada Revenue Agency Tax Fraud: Canada CRA Scam Tax Tax Fraud Tax Payer
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