Income Tax and VAT in Canada - some advice please
#16
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Joined: Jun 2008
Posts: 305
Re: Income Tax and VAT in Canada - some advice please
Both Canada and the UK should follow Hong Kong in how they are doing so well at the moment. Very little tax, no VAT. Great privatised era Vs the state. Good health and transport.
The UK high taxes is one reason I want to leave.
The UK high taxes is one reason I want to leave.
#20
Re: Income Tax and VAT in Canada - some advice please
Both Canada and the UK should follow Hong Kong in how they are doing so well at the moment. Very little tax, no VAT. Great privatised era Vs the state. Good health and transport.
The UK high taxes is one reason I want to leave.
#21
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Thread Starter
Joined: Jun 2008
Posts: 305
Re: Income Tax and VAT in Canada - some advice please
P.S I pay more tax and VAT in the UK than I will in Canada. I did my home work.
#23
Re: Income Tax and VAT in Canada - some advice please
P.S I pay more tax and VAT in the UK than I will in Canada. I did my home work.
Worse. You don't have BUPA here. That's almost reason to stay in the UK.
#24
Joined: Aug 2005
Posts: 14,227
Re: Income Tax and VAT in Canada - some advice please
ah, sorry. my mistake. I forgot that EI pays for your prescription drugs, trips to the dentist and it also insures your car. I should have remembered it did those things - what a mug I am paying extra.
#25
Joined: Dec 2008
Posts: 3,054
Re: Income Tax and VAT in Canada - some advice please
i think those coming from the UK don't grasp this and don't appreciate it makes up your entire contribution package. It can easily add somewhere in the region of 5 - 10 k a year. Even places like Mcdonalds give their staff half decent plans
As for tax, it works out about the same, but RRSP's can significantly off-set total taxation.
#26
Joined: Dec 2008
Posts: 3,054
Re: Income Tax and VAT in Canada - some advice please
how would the UK look after all those unfortuante souls on the dole? Sad, very sad.