UWHabs
Well-known member
So if I get the emergency benefit, how much should I put aside that I’ll have to pay in tax do you think? I’ve never collected except when I was on mat leave but it was considerably less.
I think I read somewhere that if you collect the total $8k available it's low end $1200 and high end $2k. But like it was mentioned above, it's dependant on your tax bracket.
That was my understanding too. So my guess would be around 25-30%, but obviously will depend a lot on how the rest of your income has changed compared to past years, how much you put to RRSPs, what your actual tax bracket is, etc...