Sole proprietor income tax <$30000 Ontario.?

Question

I recently started my own company and i was wondering how much income tax i would have to pay if i am making less then $30000 per year.

Answer 1

It depends on your tax situation. No one could give you an exact number with out knowing your expenses and other deductions. Go talk to a tax pro. They will be able to asses your individual situation and give you a ballpark figure!  

Answer 2

Here is the link for your calculation  http://www.morningstar.ca/globalhome/Mar...