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AccertaChoice Smarter Benefits for
Small Business Tax Illustration
Example: An incorporated
person with $105,000 a year in taxable
income
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| Without
AccertaChoice |
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With AccertaChoice |
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| Dental Expenses |
$2,000 |
|
Dental Expenses |
$2,000 |
| Tax Credit |
461 |
|
AccertaChoice Fees & Taxes |
4382 |
| Net Cash Outflow |
$1,954 |
|
Tax Deduction |
$2,438 |
| |
__________ |
|
|
____________ |
| Savings |
$46 |
|
Tax Saving |
$1,106 |
| |
|
|
Net Cash Outflow |
$1,332 |
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|
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Savings |
$668 |
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Note:
This is an illustration only. Please
speak to your tax advisor if you have
specific questions about how AccertaChoice
would save you money.
- Calculated based
on 2002 Income Tax Guide amount
of $1,728 for calculation of medical
expense tax credit.
- Includes 8% Ontario
Provincial Sales Tax. PST does not
apply in other provinces except
Quebec.
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