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Parent Current Year Income Tax Rate
User Story When a dependant student submits a request for their parent(s) current year income to be used, we need to still find a NET income based on the estimate provided. This will be using a tax rate from the table provided by NSLSC.
Utilize the BC tax rate within the needs assessment for all approved applications using estimated parental income for initial SIMS full-time release; implement questions to determine the student’s parent(s) residency, and identify which province/territory taxes are paid towards in order to establish the correct tax rate applied within the needs assessment during the enhancement phase.
Table 6 Brackets- 2022 Average Tax Rates Values.xlsx
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/calculating-deductions.html
Acceptance Criteria
- [ ] Add new DMN table in FT for tax rates
- [ ] Each parent's net income (if there's a CY income exception) should use the estimated tax rates
