Canadian Western Bank T.CWB

SARGEX...................RE:TAX TIPS...................

[Red_Deer]

Hey SARGEX__Your POST is DEFINITELY Showing ALL WRONG Numbers !!!!

"""Anyway, on the personal income taxes. You should check all your facts. I just did a taxtips test and a person with OAS of 8600, CPP of 10,500, and dividends of 50,000 pays total tax of $1935 in BC compared $2954 in AB. That's a whooping 52.7% more.""


SARGEX__On Your EXAMPLE the TOTAL Income Would BE $88,100__With NET Income AFTER ADJUSTMENTS of $87,921.80.

THUS Your TAXABLE Income IS $87,921.80__Which RESULTS in GROSS FEDERAL TAX of $15089.22__From Which the Personal and Dividend Tax
Credits ARE Subtracted__Leaving a BASIC Federal Tax of 2241.86__To 
Which a CLAW BACK of OAS of $178.20 is ADDED__Giving a FINAL
FEDERAL Tax Payable of $2420.06.

THUS Sargex__There is NO WAY That Any BC Tax Payor Would Pay ONLY $1935 that
YOU POSTED !!!__AS the Federal Tax PAYABLE IS the SAME for ALL PROVINCES.

And That IS $2420.06

SARGEX__LIKELY Your Posted ALBERTA TAX of $2954 Could  ALSO Be WRONG eh ????

[SargeX]

Red You really are almost always wrong and here's another example. I generally wouldn't bother replying as you aren't worth it. I will reply to protect my reputation. First off, I used the 2024 numebs in taxtips The OAS clawback for 2024 starts at $90,997. Secondly, for the AMT to kick in for 2024, you need a minimum net income of $173k. Lastly, I find it quite mindboggling that

[Red_Deer]

Red   You really are almost always wrong and here's another example. I generally wouldn't bother replying as you aren't worth it. I will reply to protect my reputation.   First off, I used the 2024 numebs in taxtips The OAS clawback for 2024 starts at $90,997.   Secondly, for the AMT to kick in for 2024, you need a minimum net income of $173k.  

[national10]

Guys, Guys........   See an accountant or a tax expert to address your concerns.  There are alot of options to minimize your tax impact on the capitol gains / dividend income.  Like offsetting carry forward losses, chartable donations, RRSP contributuions.  The list goes on.  Please obtain some professional advise.  GTLA.

[Red_Deer]

Hey National__BOTH Sargex and I ARE VERY Up to Speed on TAX MATTERS NO NEED to Seek ""PRO"" Advise LACK of TAX Knowledge is NOT the ISSUE HERE__Issue IS that EVEN Though BOTH SARGEX and I WERE CORRECT in the NUMBERS We POSTED Sargex HAS CONTINUED to Make TOTALLY BOGUS Accusations that I AM ALWAYS WRONG

[national10]

Then please take the banter and crayons to another board.    

[packerdriver]

Red Deere....your "delivery" hurts my eyes...I'm not reading any more of your posts

[Red_Deer]

Hey PackerDriver__OK__I LUV Reading YOUR Posts  We DO Have VERY SIMILAR OPINIONS on MOST Topics Being DISCUSSED on Various Boards