Canada revenue agency tax calculator 2014

Notes: вЂњSocial security contributionsвЂќ are Canada Pension Plan and Quebec Pension Plan (CPP and QPP) contributions, and Employment Insurance premiums. Between 1984вЂ“19вЂ“2016, this percentage ranged from 16.0% to 23.9%.ДЇigure 1 вЂ“ Federal Tax Revenue and Social Security Contributions, 2015вЂ“2016 ($В billions)

In Canada, federal social security contributions include contributions to the Canada Pension Plan (CPP) and the Quebec Pension Plan (QPP), as well as Employment Insurance (EI) premiums.ДЄs shown in Figure 1, in 2015вЂ“2016, federal social security contributions were the second largest contributor to federal tax revenue and social security contributions, at $81.8 billion, or 23.1%. Other HillNotes examine these factors for personal income taxes, corporate income taxes and consumption taxes. This HillNote analyzes the revenue, rates and rationale relating to social security contributions. In Canada, federally funded or federally sponsored initiatives can be financed by personal income taxes, corporate income taxes, consumption taxes and social security contributions. The first вЂ“ taxation вЂ“ can take several forms. Governments can finance the goods and services provided to citizens through various means, including through taxing, investing and borrowing. (Disponible en franГ§ais : Les cotisations de sГ©curitГ© sociale au Canada : recettes, taux et justification) Social Security Contributions in Canada: Revenue, Rates and RationaleД«y loprespub on MaReading Time: 5 minutes Home вЂє Economics and Finance вЂє Social Security Contributions in Canada: Revenue, Rates and Rationale

Canada revenue agency tax calculator 2014