How much TC loss if relocate from US to Canada in Amazon

Amazon DMXc25
Jun 20 20 Comments

Normally how many percent?

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TOP 20 Comments
  • EA ☕️
    ~50% total loss (TC loss + higher taxes + currency conversion) for me
    Jun 20 8
    • Amazon broke&dumb
      Canada: pay taxes, get free healthcare for life, free college for kids, live in no-crime areas, super polite people.

      California: pay taxes, pay astronomical money for healthcare, pay exorbitant amount for college for kids, and students will still somehow be buried under college debt for decades, high crime areas, non-polite people.
      Jun 20
    • EA ☕️
      Taxes aren’t the same. Try getting a rebate back while filing Canada tax return. At least in US I used to get some money back in tax returns
      Jun 20
    • NASDAQ cTrt88
      College isn’t free in Canada, it’s just much more affordable. The in state tuition rates are much lower than state schools, if you consider the exchange rate they are probably like 50% lower.The good schools in Canada - Waterloo,UoT, UBC,McGill are the same prices.
      Jun 21
    • NASDAQ cTrt88
      ^EA - tax refunds have nothing to do with your total taxes. If you get a refund it’s because you had more deductions than you you should have because those can’t take your whole tax picture into account.. the same thing can happen in Canada for sure, in fact most people get them because of their 401k-style contributions
      Jun 21
    • New l@st
      Healthcare is not free, unless you retire there. Or wait in the line.
      Jun 22
  • Amazon CwVP04
    I'm planning on making this move relatively soon. I'll take the loss in TC for a better life for my kids. BC has some of the best public schools in the world (look up the BC new curriculum -- makes me wish I was a kid lol). Not to mention safety: me and my husband's cars have both been prowled more than 5 times each this past year living in a $1M house in Ballard and don't even get me started on school shootings. American society as a whole is toxic and sick. Very ready to leave,
    Jun 21 1
    • Amazon / Eng
      FurRealz

      Amazon Eng

      PRE
      GitHub
      FurRealzmore
      I think Seattle is still a very nice place to live. We love our neighborhood and people here.

      But what you say about quality of life, specifically in regards to the political direction and attitude towards immigrants - I’m with you on that.

      And that (and the uncertainty around forever waiting on H1Bb for a EB2 priority date) is why we are leaving too.
      Jun 21
  • Amazon / Eng
    FurRealz

    Amazon Eng

    PRE
    GitHub
    FurRealzmore
    Some concrete data from my own transfer.

    Base dropped 18%, TC didn’t drop because I got more RSUs assigned for the next 2 years (2020, 2021).

    However I understand that now I’m almost at the top of my band in Canada and won’t get another substantial increase until the next promo (which would be L7).

    Overall, taxes are going to go from about 35% (combined for family) in WA to about 44% in BC (approx, we’ll know exact numbers next year).

    Given the positives and the immigration dilemma, we decided to go for it.
    Jun 21 4
    • New / Eng
      Microsoft.

      New Eng

      PRE
      IBM
      Microsoft.more
      - When you say your base dropped by 18% does that include the currency exchange also?
      For instance if your base was 100k USD, when you transfer to Canada did that become equivalent to 82k USD or no it became 82k CAD? (With an assumed 30% conversion rate)

      - About your RSU, did they lower your RSU because you going to Canada or no they don't do conversions to CAD just cuz you going to Canada?
      For instance if your RSU while you were employed in US was 30 k per year USD, did they make the RSU as much as 30k CAD when you moved to Canada or it stayed the same and they gave you equivalent of 30K USD in CAD which would mean roughly around 39K CAD?
      Jun 21
    • Amazon / Eng
      FurRealz

      Amazon Eng

      PRE
      GitHub
      FurRealzmore
      Yes the drop already accounts for currency conversion. Went from 160k USD to 174k CAD base.
      Jun 21
    • Amazon / Eng
      FurRealz

      Amazon Eng

      PRE
      GitHub
      FurRealzmore
      They actually increased my RSUs for the next two years, but that’s not because of move to CAD but because I rated as TT.

      I assume after two years it’ll be lower.
      Jun 21
    • New / Eng
      Microsoft.

      New Eng

      PRE
      IBM
      Microsoft.more
      I didn't quite understand so which one of the scenarios that I mentioned would be more applicable?
      Jun 21
  • Amazon Kamazonian
    Is TC in Vancouver, BC comparable to Toronto, ON?
    Jul 19 1
    • New / Mgmt
      glann

      New Mgmt

      PRE
      IBM
      glannmore
      Vancouver is usually significantly less.
      Jul 20
  • New / Eng
    Microsoft.

    New Eng

    PRE
    IBM
    Microsoft.more
    More than you would expect. Canada is expensive. Less TC more expense. Lol
    Jun 21 0
  • Amazon DMXc25
    OP
    Or normally for big companies?
    Jun 20 0