From my bonus you will make 53.5%, politicians, please do enjoy your vacations in luxury hotels, at least someone has to enjoy life. TC 330K CAD #canada
Yeah I'm never excited about bonuses. Maybe everyone should just incorporate.
I am in the US and unaware of the Canadian taxation. Mind telling why the tax is so high at 53.5%?
I think the max marginal rate should be 40 percent
similar % in Commiefornia
Who will pay healthcare for illegal migrants, pay your fare share
At least it wonāt be used to fund Israelās war like the US tax.
Hahahahaha!! Welcome to Canada!!
Canada actually spends its tax dollars on decent infrastructure, sufficient services, nature, clean air, clean water and clean streets unlike India or many parts of the US. So tired of Desis who complain about everything. You complain about paying taxes in the US when you have no status, and you complain about paying higher taxes in a country where you can actually see them being used to support a relatively safe, clean and functional society. Stop acting so entitled to everything.
Are we both speaking about the same Canada
Yeaā¦they donāt have to spend a lot on defense. Benefit of having USA as neighbor and not 1B in population
Maybe a stupid question, but can't you contribute the maximum amount to RRSP (30k) and First Home Buyer program? That would significantly reduce your yearly taxable income.
That doesnt help if you have a big income source and your RRSP rooms are small considering you came to Canada recently
RRSP upon death/inheritence/actual retirement will be taxed as if it was income. While this isnāt the case for a primary home. So upgrading your primary residence until you die is the ultimate inheritance game plan for saving. And that shows in terms of how min numbing stupid the housing is here.
This is theft š”
I mean you get something for it, so no itās not. Canada gets a lot more value per dollar in taxes than the US does.
I think I can get more value per dollar paid in taxes in a tax free state in the US than any place in Canadaā¦especially with the higher TCs