3 ms·
> That particular simpletax calculator is weirdly broken -- it seems to ignore payroll taxes. ... Once you include CPP (Canada's version of Social Security) an
by csdreamer7 10y ago
> That particular simpletax calculator is weirdly broken -- it seems to ignore payroll taxes. ... Once you include CPP (Canada's version of Social Security) and Employment Insurance
That is disappointing. I̶ ̶w̶i̶l̶l̶ ̶a̶m̶e̶n̶d̶ ̶m̶y̶ ̶c̶o̶m̶m̶e̶n̶t̶.̶ (Can't amend, the above post is too old.)
> someone earning $50k in BC pays just over $10k... plus another $900/month (more if you're not single) of mandatory tax-but-not-called-a-tax government medical premiums.
$900 a month? Are you certain of that? That seems very high, unless it is paid by the employer. Is that a fixed amount or is it dependent on income?
> 1. Depending on your income, BC is the lowest-tax or very close to the lowest-tax jurisdiction in Canada. Someone earning $50k in Quebec would pay around $13k of income taxes instead of $10k.
I chose BC because it seemed to be having it's own tech boom in Vancouver and has very mild weather in that area. I felt that would be relevant to alot of people here.
- cperciva 10y ago$900 a month? Are you certain of that? As cbowal noted, the $900 is per year, not per month. I'd fix it above, but apparently my comment is also too old to be corrected now... I chose BC because it seemed to be having it's own tech boom in Vancouver and has very mild weather in that area. I felt that would be relevant to alot of people here. Oh, I entirely agree -- the Vancouver area is the only part of Canada I would want to live in. (Well, maybe Victoria, but that has the same weather and tax rates.) My point was simply that Canada's reputation for being a high-tax jurisdiction isn't entirely undeserved when you consider that most of Canada has significantly higher taxes than BC.