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No, no, and no, just straight up income tax before deductions. The mortgage interest deduction would be great, no doubt, for people with mortgages. I also didn
by tonyarkles 9y ago
No, no, and no, just straight up income tax before deductions. The mortgage interest deduction would be great, no doubt, for people with mortgages.
I also didn't include the monthly health insurance premiums, nor did I include the mandatory 3-week vacation pay, nor the 35-week maternity/paternity leave, etc etc. Nor tuition costs. I'd really love to see the numbers all across the board as a general "cost of living comparison" for sure.
- tonyarkles 9y agoIt's been too long to be able to edit. https://www.linkedin.com/pulse/20141010125950-31061941-what-s-the-difference-between-a-u-s-401-k-a-canadian-rrsp/ https://www.linkedin.com/pulse/20141010125950-31061941-what-... We do have a 401k-like system that has some neat perks: - your contribution limit carries over, so if you have a tight year, you can contribute a bunch over the following couple of years - you can temporarily withdraw from it tax-free to buy a house (it has to be replaced within 10 years or you'll owe income tax on it)