Income tax question including, question, family, people, income

Yes-man

Hi people. For a family of 3 (including a 13 year old kid) and a total income of $14000, are they supposed to pay any tax at end of the year? Thanks.

Yes-man

Thank you for the info

jeje

Since you have a 13 years old kid, should have some tax credit. Don't think you need to pay tax.

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You'll owe about $708in taxes: $444in federal tax and $264in provincial tax.

Since you've already paid $0, you should expect a refund of to pay an additional $708in taxes.

Your after-tax income is $13,292, average tax rate is 5.1%, and marginal tax rate is 20.6%.

These calculations are approximate and do not include non-refundable tax credits other than the basic personal tax credit.