senecaso

7 ms·

31.
by senecaso 6y ago
Oh, nice, thanks! Its in a private repo right now, but I can probably make it public since there isnt anything I need to protect in there. I'm guessing most users going into tech would likely make at least $150k/yr, so they would
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by senecaso 6y ago
thanks!
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by senecaso 6y ago
they sure are! From the digging around I have done, you can expect a 40% cut from a Bay area salary to Vancouver. The question then becomes, what sort of standard of living could I expect to maintain after taking such a large cut, and tha
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by senecaso 6y ago
I think I can lay out the summary fields a bit differently to reflect how the calculation is being made, so its more obvious to the user whats going on. I'll see if I can do that later today. Thanks for the input.
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by senecaso 6y ago
I noticed. Thanks for posting your initial response. It lead me to check how I was calculating, and I think you were right. I have addressed it now, but I'm sure this wont 100% reflect the Canadian tax calculation, but based on comp
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by senecaso 6y ago
Ya, I hear you there. That's actually why I built this, was to help calculate that, but there are so many variables in that calculation, I decided to start with I would just figure out what would be left of your paycheque each month a
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by senecaso 6y ago
I had a bug where was was deducting taxes from the total income, not the taxable income, which lead to numbers being off. This is now corrected, hopefully this is the issue you were seeing.
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by senecaso 6y ago
it was a guess based on numbers I polled from someone I know, then I just multiplied it by 3, for a "family of 3" as indicated in the comments. If you are willing to provide a more accurate number, I'll include that.
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by senecaso 6y ago
push a change to address this bug. thanks for pointing it out!
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by senecaso 6y ago
Yep, I think you are right. I'm subtracting taxes from "total income" right now, instead of "taxable income", so I'm not excluding the contributions! Thanks for pointing that out. I'll address that shor
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by senecaso 6y ago
base salary - nontaxable expenses non taxable expenses = RRSP + CPP + EI (plus anything else you add to the list) I'll look at revising the instructions to make it more clear that the tables below directly impact the calculation. Woul
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by senecaso 6y ago
Good to know. I'll add TFSA in the taxable expenses column.
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by senecaso 6y ago
Ya, I looked at that as well, but it doesn't include common expenses, which is why I built this one, to make it a little easier to get the overall picture
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by senecaso 6y ago
I just compared those numbers with the tax calculator from https://simpletax.ca/calculator and they are roughly the same. However, my numbers line up with that when you factor in tax deductible expenses on things like RRSP
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by senecaso 6y ago
I just compared my numbers to https://simpletax.ca/calculator and they look pretty close. I checked the site you mentioned, and you're right, they are vastly different. I can't explain that with certainty, but p
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by senecaso 6y ago
Good call. I'll take a look at that later today.
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by senecaso 6y ago
thanks! I'll add that.
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by senecaso 6y ago
Added CPP. Let me confirm my numbers against that tax calculator. I based this on the rates found in the "About" page, but its possible I screwed up the calculation.
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by senecaso 6y ago
Yikes. No, I have added the federal taxes to it, and it appears to be deducting it from the total income. Could you provide a little more data so I can track down the issue you are seeing?
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by senecaso 6y ago
Added CPP. Thanks for pointing that out.
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by senecaso 6y ago
Oh, CPP! Thanks! I forgot about that. I'll add that in. I tried to comment on the rent cost. Its roughly the cost of a 2bdr place in the Vancouver area. I would like to expand it to show more cities, and it seems others would like
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by senecaso 6y ago
Right now it only provides some very basic cost of living, and things like RRSP contributions. I can probably enhance it by adding the COL data per region, but I would have to focus on a small selection of cities otherwise it would be too
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Show HN: Income/savings calculator for moving to Canada(boomstick.games)
41 points by senecaso 6y ago|54 comments