Pitchlink: A good rule of thumb for income between 50 to 90K is about 30%. i.e. If you are a single entity and earn $70,000 you'll probably pay $21,000 in tax.( thats in Ontario, the highest taxed province is Quebec , with the lowest tax rate is in Alberta)
It goes on a sliding scale with 17% on the 1st $24K 30% on the amount from 24K to 50K and 50% on the amount over 50K. These figures are not exact and I'm only quoting from memmory. The amount of tax you pay can also be lowered by investing in retirement savings plans.
In addition to income tax there is also a Goods and Service Tax (GST) @ 7% and a Provincial Sales Tax (PST) @ 8% (Ontario) on purchased goods.
