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Yep, I think you are right. I'm subtracting taxes from "total income" right now, instead of "taxable income", so I'm not excluding the contributions! Thanks f
by senecaso 6y ago
Yep, I think you are right. I'm subtracting taxes from "total income" right now, instead of "taxable income", so I'm not excluding the contributions! Thanks for pointing that out. I'll address that shortly.
- senecaso 6y agopush a change to address this bug. thanks for pointing it out!
- glitchc 6y agoDeleted my comment as I wasn't sure if I'm exactly right either. The reference for calculating payroll deductions is as follows: https://www.canada.ca/content/dam/cra-arc/formspubs/pub/t4127-jul/t4127-jul-20e.pdf https://www.canada.ca/content/dam/cra-arc/formspubs/pub/t412... Formula is a bit complicated
- senecaso 6y agoI noticed. Thanks for posting your initial response. It lead me to check how I was calculating, and I think you were right. I have addressed it now, but I'm sure this wont 100% reflect the Canadian tax calculation, but based on comparisons with other tax calculators, it seems to be coming pretty close. Where I know it will be way off is in the "additional annual income" table, as I made no effort to classify those. Everything is just considered "income" and taxed at the same federal/provincial rates.