Sample tax calculation for someone living in Ontario making $70,000 in 2008:
<i>Federal taxes</i>
15% x $38,832 = $5,825
22% x $31,168 = $8,543
<i>Ontario taxes</i>
6.05% x $36,848 = $2,229
9.15% x $33,152 = $3,033
Total taxes paid = $19,630
<b>Effective Tax Rate = $19,630/$70,000...