What is the optimum before tax income in alberta for a retired person. i.e from a tax perspective?

Answer 1

Enough so that the outgo of their income makes sure that their upkeep doesn't become their downfall.

Each person's need are different, so it's impossible to answer your question better than the above. In general, the more the merrier.

Answer 2

You and only you can answer that question! What level of income can you live a comfortable life without being bothered by taxes? Just like everybody else, you are subject to the same taxation. If you want to pay the least amount of taxes, then keep your income to the lowest tax bracket! For 2005, that amount is less than $35,595. Now if you strongly believe that you shouldn't pay any tax at all then keep your income to the same amount that you will claim deductions for in your Schedule 1 and pray that you win the lottery (which is non-taxable!). Good luck!

Answer 3

a million- in the adventure that your tatal tax criminal duty is estimated to greater effective than Rs ten thousand.00 in financial 365 days 2010-11, then your are required to pay "advance earnings tax" 30% by 15 sept 2010, 30% by 15 dec 2010 and last 40% by 15 march 2011. Use Challan 280 for this purpose. in case you fail to deposit the completed tax by thirty first march 2011, whenever you will pay tax which would be favourite as "self assessment tax" 2- you will pay finished volume of tax in final of 365 days yet if so you would be in threat of pay pastime united states234 C in the adventure that your finished tax criminal duty is greater that Rs ten thousand.00 3- If tax payable stay unpaid after 31.03.2011 then you certainly would be in threat of pay pastime united states234 B & 234 C additionally presented your finished tax criminal duty is greater effective than Rs ten thousand.00 (Rs 5000.00 limil is now replaced) pastime is payable @ a million.0.5 according to month.