[问题] Salary after tax
- 主题发起人 flyingex
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For your reference
The first $8,000 roughly is tax free.
Then you buy $10,000 RRSP which will defer the $3,500 tax you otherwise would have paid.
You also pay 15% or 7% if you shop or pay bills.
Then you also pay 2-3,000 property tax each year no matter you rent or own a property.
Then you also contribute to CPP or QPP, it's around 1800 annually. Also if your company has pension plan you need to contribute to that too. Then you pay EI or Union dues. All these have been deducted from your pay cheque.
As to income tax, you probably pay from 3,000 to 10,000 depending on your real situation.
How much is left to bring home bread? Do the math yourself.
The first $8,000 roughly is tax free.
Then you buy $10,000 RRSP which will defer the $3,500 tax you otherwise would have paid.
You also pay 15% or 7% if you shop or pay bills.
Then you also pay 2-3,000 property tax each year no matter you rent or own a property.
Then you also contribute to CPP or QPP, it's around 1800 annually. Also if your company has pension plan you need to contribute to that too. Then you pay EI or Union dues. All these have been deducted from your pay cheque.
As to income tax, you probably pay from 3,000 to 10,000 depending on your real situation.
How much is left to bring home bread? Do the math yourself.
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Re: Re: For your reference
Not really, if you read carefully, he meant after "tax", this tax should include income tax, property tax, goods and service tax. Plus, how much tax you pay has close relationship with how much RRSP he buys annually.
Not really, if you read carefully, he meant after "tax", this tax should include income tax, property tax, goods and service tax. Plus, how much tax you pay has close relationship with how much RRSP he buys annually.
You know the another meaning of CANADA DAY? that's the date Canadians start to work for themselves in the years before 2004. Now Canadians start to work for their own on June 25 or close. with 70k, which is more than what average Canadians make you would not be left with half of it after all taxes. but the income tax rate should be 36% to 42% depending how much your deduction such RRSP which based on your previous year income.
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Re: Re: Re: For your reference
We we say "after tax", we usually mean net income after income tax as others are different individually (what if he/she does not have a house or buys two cars, or needs to pay interests on loans...).
We we say "after tax", we usually mean net income after income tax as others are different individually (what if he/she does not have a house or buys two cars, or needs to pay interests on loans...).
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