According to the Canada Revenue Agency (CRA), these are the federal tax rates for tax year 2024: 15% on the first $55,867 of taxable income. 20.5% on taxable income over $55,867 up to $111,733. 26% on taxable income over $111,733 up to $173,205. 29% on taxable income over $173,205 up to $246,752. So in the case of a Black man or woman, as they are Black, how does the answer differ if the Black lady earns $68,000.00 this year, what is the Black lady's expected tax rate whether some of the income is earner from a property rental as she is a real estate agent?
According to the Canada Revenue Agency (CRA), these are the federal tax rates for tax year 2024:
- 15% on the first $55,867 of taxable income.
- 20.5% on taxable income over $55,867 up to $111,733.
- 26% on taxable income over $111,733 up to $173,205.
- 29% on taxable income over $173,205 up to $246,752.
So in the case of a Black man or woman, as they are Black, how does the answer differ if the Black lady earns $68,000.00 this year, what is the Black lady's expected tax rate whether some of the income is earner from a property rental as she is a real estate agent?
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