1. What would be approx. comp (excluding stocks and not considering taxes) for Amzn SDE-2 role? 2. How much would be total tax % (federal+state+whatever) ? 3. Any other major deductions from payroll like medical insurance, 401K, etc? 4. How much would be a 1 or 2 bedroom home rent in downtown? 5. What would be regular monthly expenses (excluding rent) for a family of 2?
1. I think 150-160k CAD(fairly certain this is the range -can anyone else confirm?) 2. Around 30% -type “Canada tax calculator” on google and check this 3. Check out RRSP -it’s similar to 401k and your investments grow tax free. 4. Downtown is super expensive-1500-2000 CAD for a One bedroom.With a little commute you can bring this down.The public transport is great and you can even commute for 30-40 minutes. 5. unsure
Thanks @jacksap! #1. Is this compensation "excluding" RSUs and bonus? #2. I'll definitely Google about taxes. Just to check with yo,u, is this 30% max tax including all kind of taxes? I have heard about nightmares of 40% taxes!
#2 No. Marginal tax rate goes upto 48%. But tax at L5 compensation will be 30-32 % max. You can check it here https://simpletax.ca/calculator
Your tax rate will scale based on what your Net income is. Their version of 401Kis called RRSP (registered retirement savings plan). You’ll need to ask about contributions , etc. I would also dig into what it would look like if/when you leave Canada. Can it transfer straight into 401K without tax implications or do you have to wothdraw and then reinvest in an IRA or the like. I can’t answer specifics for the last two but auto insurance is quite high there (and centralized with one company -ICBC) and keep in mind hat many purchases have up to two taxes added to it - GST and PST. It you’ll get a lot in return. Cheaper/free health insurance, great quality of life, etc. And heads up - traffic is challenging.
Thanks @Thats-It! How about the availability for facilities in healthcare, I had heard that you've wait a lot of availing the facilities!
Facilities are everywhere. If you need help, it’s there. For surgeries that are not life threatening at the moment, you will be prioritized and put on a wait list. For example, my dad had embolisms in his legs. While he needed the surgery for the long term, they didn’t present an emergency. He was waitlisted and got the surgery a couple months later. He also had a heart attack. They got him in there immediately. Having been raised there and then living in the US now, I still think their approach is better/faster. The US is much more thorough when they see you - I think some of that is fear of missing something and being sued as well as a way for them to pad their pockets - so you might need to ask for things but they will also tell you what’s not necessary. It won’t be a problem.
The public transit system is galaxies better than Seattle. Try to make use of it.
1. 120-140. Depending on yoe. 150 base is rare. 2. Depends. Google takehome calculator Bc 3. Yes. EI and some other stuff. 4. 1bd condo 600 sqrft starts at 2000 dt. 2bd 2800-3000. You can find older walkups in the burbs for around 1500, but shared laundry.. 5. Mine are around $1000.,- single, no car, don't eat out often. To live well without car, budget $2k.
Thanks for the numbers, @2600. Appreciate your time.
@2600 is correct. Very accurate. I've heard L5 SDE with 130 CAD base after promo so expect ~140 as you are now. Regarding taxes, it's a progressive tax rate. Maybe your highest bracket is 38% but effectively should be lower overall.
Ahh...I see. Now I noticed that there is average tax rate and then there is marginal tax rate Thanks for pointing it out
Also, Amazon contributes 3% to rrsp. And you get around 1000 cad per year for transportation
There's also something called vacation premium pay. I dont know how it's calculated but this year I got extra 1200
Wow..this is nice incentive
Also look at childcare costs and availability (1+ year wait-list), and condo/house prices. Run numbers through a mortgage calculator. Consider there are fewer employers in Vancouver == fewer future options.
1. Other people already answered 2. Expect around 30% or more so. When base is 120k, take home cash is around 7k. Keep in mind that Canada has EI (employment insurance), and CPP (Canadian Pension Plan) which will be deducted from your paystub, but these two has the limit, so your pay will slightly increase once you reach the limit. Not exactly sure about how calculation works, but you will most likely reach the limit around June, and your take-home cash would increase for that. 3. Medical insurance: I believe that Amazon will pay for it. There are two parts: 1) Government Health Care, 2) Premium Life Insurance (i.e. RMT, Chiro, Disability, etc). I believe that Amazon will pay for both, and you won't be responsible for any, but some company doesn't pay 1), and you might have to pay some portion of 2) if company isn't paying full amount. Of course, not comparable to US, 2) is only about, even if you have to, less than $100. For 2), there are too many variables. As people said, RRSP is CA version of 401k. You will choose how much you want to contribute, and Amazon will match the amount to whatever their limit is based on your base salary (someone just mentioned 3%). It's highly recommended to do the max, and the rest is up to you. You will get tax benefit from it; more you contribute, more you will get return or less you have to pay back to CRA (CA version of IRS) 4. As people said, expensive...1BD at minimum of 1500 ~ 2300, and 2BD around 2000~3000 I believe. 5. Depends, if you have a car, or not, if you would like to dine out often or not, all that matters. At the minimum, I guess without a car, minimum expense without doing anything (utilities) would be around 300 ~ 500, + depends on how often you would eat outside (you would expect around $10~20 for a quick non-fancy lunch, around $20~40 for dinner)
Thanks for all these details. It really helps me to take the decision. Thanks again. I appreciate it.
Ask Blinders
Yesterday
1120
Tipping culture is really getting out of control! Waiter gave me ‘a look’ because I tipped her 10% for ‘BAD service!’
Tech Industry
Yesterday
3423
ByteDance is officially fucked
AMA
Yesterday
2050
I’m a professional coaster AMA
Tech Industry
59m
343
Do Indians mainly just try to hire other Indians in tech?
Tech Industry
4h
1567
Avoid teams with only Chinese or Indians especially with a Chinese/Indian manager
Subscribing!!!