Originally Posted by BlueMoon View Post
Ha....I was curious though so I did some very very rough math, not accounting for deductions and what not.
Canadian income tax rates for Individuals - current and previous years
Assuming you make under 43,000 taxable.
The Canadian government only takes 15% = $6.15/hr
The Provincial Government (Ontario) takes 9.15% = $3.75/hr (I didn't look to see if this comes off post federal tax or the base amount so t may be
So take home hourly is about $31.10.
So in Canada if you made $41,000 taxable you would take home about $31,110, so the
In the US if you had 41,000 taxable Federal tax would be $6,286 and State (Michigan) 4.25% $1,575, so you would take home around $33,139
Yea I was really bored.
Awesome! Thx for the info!
AnchorDown
Yeah, now take that 33 grand and start subtracting the medical/dental monthly fees and doctor visits. That's easily another $2,000-$5,000+ per year depending on medical plan specifics and how often one goes to a doctor. In Canada, those higher taxes get you a national health card you present to the doctor and that's it.