LukeS1994's questions about income tax
#1
Account Closed
Thread Starter
Joined: Jan 2016
Location: Antigua
Posts: 14
LukeS1994's questions about income tax
What are taxes like uk vs Canada ? I thought you paid less tax in Canada at least that's what the tax calculators say for income tax
The U.K. is one of the most highly taxed places in the world and one of the only places which taxes there own tax. VAT is added onto the fuel price including the fuel duty which is a tax. The same is done with alcohol and cigarettes (not that I care for them)
The U.K. is one of the most highly taxed places in the world and one of the only places which taxes there own tax. VAT is added onto the fuel price including the fuel duty which is a tax. The same is done with alcohol and cigarettes (not that I care for them)
#2
Re: Is anyone else massively impressed in Canada?
You'll need to add on other things such as EI and CPP when working out your payroll deductions and what you'll have left over.
Depending on the province you're going to, don't forget to add on healthcare premiums etc too.
I've moved your post in to a thread of your own as it's not really relevant to the original subject and quite a specific question, if you can give more info about your income and province, then others can give you more precise info about what you'll earn after deductions.
HTH.
#3
Re: LukeS1994's questions about income tax
If that's one of your reasons for moving, then I'd rethink the whole thing tbqfh
You should probably look at Cost Of Living as a whole, as opposed just to how much tax you will be paying
Me personally, I couldn't really give two shits if taxes were higher or lower...they're an inevitability, so find somewhere you like with a job that allows you to afford the standard of living that you want
You should probably look at Cost Of Living as a whole, as opposed just to how much tax you will be paying
Me personally, I couldn't really give two shits if taxes were higher or lower...they're an inevitability, so find somewhere you like with a job that allows you to afford the standard of living that you want
#4
Joined: Sep 2008
Posts: 12,830
Re: LukeS1994's questions about income tax
What are taxes like uk vs Canada ? I thought you paid less tax in Canada at least that's what the tax calculators say for income tax
The U.K. is one of the most highly taxed places in the world and one of the only places which taxes there own tax. VAT is added onto the fuel price including the fuel duty which is a tax. The same is done with alcohol and cigarettes (not that I care for them)
The U.K. is one of the most highly taxed places in the world and one of the only places which taxes there own tax. VAT is added onto the fuel price including the fuel duty which is a tax. The same is done with alcohol and cigarettes (not that I care for them)
Fuel tax is in gasoline and part of the pre tax price, to tax on tax.
Rule of thumb has been, expect to donate 50-60% of what you earn to the government one way or another.
If this is important to you. Canada is not the place to come to.
#5
Re: LukeS1994's questions about income tax
If that's one of your reasons for moving, then I'd rethink the whole thing tbqfh
You should probably look at Cost Of Living as a whole, as opposed just to how much tax you will be paying
Me personally, I couldn't really give two shits if taxes were higher or lower...they're an inevitability, so find somewhere you like with a job that allows you to afford the standard of living that you want
You should probably look at Cost Of Living as a whole, as opposed just to how much tax you will be paying
Me personally, I couldn't really give two shits if taxes were higher or lower...they're an inevitability, so find somewhere you like with a job that allows you to afford the standard of living that you want
#6
Re: LukeS1994's questions about income tax
As others have said, if your basis for moving is to pay less tax, think again and do more research...