Originally Posted by
BlueMoon
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.
After living in both places for many years i can say that the benefits are better in Canada. Taxes are a bit higher. But very close. In the USA you get nickeled and dimed. But it all works out to the same.
The biggest difference is alcohol. Very expensive in Canada.
Healthcare in the USA is beyond expensive. And the care is equal on both sides of the border. Maybe the advantage the Canadians have is that hospitals are under no financial pressure to kick you out on the street. If you need to be there a week, then so be it.