The Canadian taxes rates can be found below. Use these to see how much you may owe.
The basic personal amount is the income level below which no taxes are levied. Even for those who earn less than the personal amount, filing a tax return can mean benefits such as the GST/HST credit. Average processing time for returns filed online is two weeks. Paper returns take four to six weeks, according to the CRA.
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Each province and territory have its own tax rates.
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The best way to reduce the amount of tax you have to pay is to maximize your deductions and tax credits. The CRA outlines some of the most-used deductions and credits. By and large, if you're self-employed, you can typically write off costs related to your business. This can include things like equipment but don't forget about the value of things like your business kilometres.