Tips Tax Deductions
October 28th, 2010
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Question: weekly tax question, is 35.6% too much?
I am a host for a restaurant, I made 596 in wages and 489 in tips this week for a total $1085. My total deductions were 875.49 (including tips) meaning I payed $386.49 to taxes. that is 35.6%. It doesnt seem right and I need some advice
Answer: Sounds pretty good to me…
You can calculate your own deductions, depending on your province, here:
http://www.cra-arc.gc.ca/esrvc-srvce/tx/bsnss/pdoc-eng.html
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