No longer happy
#76
Joined: Jul 2005
Posts: 15,883
Re: No longer happy
GST and PST are not payable on children's clothing and basic food items in Canada either. Books and magazines yes.
#79
Re: No longer happy
Payroll taxes (i.e. NI) are fantastically higher in the UK than in Canada. Class 1 is 12% between the "primary threshold" of £7,592 and £42,484, and there's another 2% above that. In Canada CPP is 4.95% up to $51,200 (roughly £32,000).
Payroll taxes are the primary "stealth" tax that people are always complaining about.
Also on GST/HST - I always think this is pretty much the same thing as VAT, the GST guide appears to be copied from the HMRC VAT guide, AFAIK the only major difference other than the rate is that bank services are not zero-rated in Canada, they're exempt (which was a mistake the banks lobbied for).
#81
Re: No longer happy
And you moved to Alberta, where the taxes are actually higher!
At least up to $100,000 or so of income, depending on what credits you claim.
Alberta doesn't have the lowest income taxes in Canada, this is a myth, BC does because of Alberta's stupid flat tax.
This is one of my pet peeves with Alberta, because the unions are always calling (rightly) for the minimum wage to be increased and the govt is always moaning about there not being enough labour in the lower paid sectors.
Well, BC has lower taxes on those people and a higher minimum wage, so why would you move to Alberta?
I always laugh when I see Americans pointing to the "success" of Alberta's flat tax. Has to be the primary example of the idea failing, imo. Rich people get richer, middle class on down are worse off, discourages labour.
At least up to $100,000 or so of income, depending on what credits you claim.
Alberta doesn't have the lowest income taxes in Canada, this is a myth, BC does because of Alberta's stupid flat tax.
This is one of my pet peeves with Alberta, because the unions are always calling (rightly) for the minimum wage to be increased and the govt is always moaning about there not being enough labour in the lower paid sectors.
Well, BC has lower taxes on those people and a higher minimum wage, so why would you move to Alberta?
I always laugh when I see Americans pointing to the "success" of Alberta's flat tax. Has to be the primary example of the idea failing, imo. Rich people get richer, middle class on down are worse off, discourages labour.
#82
Re: No longer happy
And you moved to Alberta, where the taxes are actually higher!
At least up to $100,000 or so of income, depending on what credits you claim.
Alberta doesn't have the lowest income taxes in Canada, this is a myth, BC does because of Alberta's stupid flat tax.
This is one of my pet peeves with Alberta, because the unions are always calling (rightly) for the minimum wage to be increased and the govt is always moaning about there not being enough labour in the lower paid sectors.
Well, BC has lower taxes on those people and a higher minimum wage, so why would you move to Alberta?
I always laugh when I see Americans pointing to the "success" of Alberta's flat tax. Has to be the primary example of the idea failing, imo. Rich people get richer, middle class on down are worse off, discourages labour.
At least up to $100,000 or so of income, depending on what credits you claim.
Alberta doesn't have the lowest income taxes in Canada, this is a myth, BC does because of Alberta's stupid flat tax.
This is one of my pet peeves with Alberta, because the unions are always calling (rightly) for the minimum wage to be increased and the govt is always moaning about there not being enough labour in the lower paid sectors.
Well, BC has lower taxes on those people and a higher minimum wage, so why would you move to Alberta?
I always laugh when I see Americans pointing to the "success" of Alberta's flat tax. Has to be the primary example of the idea failing, imo. Rich people get richer, middle class on down are worse off, discourages labour.
#83
Part Time Poster
Joined: Jan 2004
Location: Worcestershire
Posts: 4,219
Re: No longer happy
I got 30.73% for Ontario and 30.88% for the UK
I included stuff like CPP & Employment Ins as well as National Insurance
When you think about how you file for a tax return here and the UK PAYE system what you get in interest if the money was in your bank and not with the government I’d call it a wash
What I do think is relevant is how those taxes are spent and there I think theUK does a better job
#85
Re: No longer happy
Mmm, but that's very misleading and you've fallen for the con perpetrated by the UK Govt. whenever income tax rates are compared.
Payroll taxes (i.e. NI) are fantastically higher in the UK than in Canada. Class 1 is 12% between the "primary threshold" of £7,592 and £42,484, and there's another 2% above that. In Canada CPP is 4.95% up to $51,200 (roughly £32,000).
Payroll taxes (i.e. NI) are fantastically higher in the UK than in Canada. Class 1 is 12% between the "primary threshold" of £7,592 and £42,484, and there's another 2% above that. In Canada CPP is 4.95% up to $51,200 (roughly £32,000).
#86
Re: No longer happy
And you moved to Alberta, where the taxes are actually higher!
At least up to $100,000 or so of income, depending on what credits you claim.
Alberta doesn't have the lowest income taxes in Canada, this is a myth, BC does because of Alberta's stupid flat tax.
This is one of my pet peeves with Alberta, because the unions are always calling (rightly) for the minimum wage to be increased and the govt is always moaning about there not being enough labour in the lower paid sectors.
Well, BC has lower taxes on those people and a higher minimum wage, so why would you move to Alberta?
I always laugh when I see Americans pointing to the "success" of Alberta's flat tax. Has to be the primary example of the idea failing, imo. Rich people get richer, middle class on down are worse off, discourages labour.
At least up to $100,000 or so of income, depending on what credits you claim.
Alberta doesn't have the lowest income taxes in Canada, this is a myth, BC does because of Alberta's stupid flat tax.
This is one of my pet peeves with Alberta, because the unions are always calling (rightly) for the minimum wage to be increased and the govt is always moaning about there not being enough labour in the lower paid sectors.
Well, BC has lower taxes on those people and a higher minimum wage, so why would you move to Alberta?
I always laugh when I see Americans pointing to the "success" of Alberta's flat tax. Has to be the primary example of the idea failing, imo. Rich people get richer, middle class on down are worse off, discourages labour.
#87
Account Closed
Joined: Jan 2006
Posts: 0
Re: No longer happy
And you moved to Alberta, where the taxes are actually higher!
At least up to $100,000 or so of income, depending on what credits you claim.
Alberta doesn't have the lowest income taxes in Canada, this is a myth, BC does because of Alberta's stupid flat tax.
This is one of my pet peeves with Alberta, because the unions are always calling (rightly) for the minimum wage to be increased and the govt is always moaning about there not being enough labour in the lower paid sectors.
Well, BC has lower taxes on those people and a higher minimum wage, so why would you move to Alberta?
I always laugh when I see Americans pointing to the "success" of Alberta's flat tax. Has to be the primary example of the idea failing, imo. Rich people get richer, middle class on down are worse off, discourages labour.
At least up to $100,000 or so of income, depending on what credits you claim.
Alberta doesn't have the lowest income taxes in Canada, this is a myth, BC does because of Alberta's stupid flat tax.
This is one of my pet peeves with Alberta, because the unions are always calling (rightly) for the minimum wage to be increased and the govt is always moaning about there not being enough labour in the lower paid sectors.
Well, BC has lower taxes on those people and a higher minimum wage, so why would you move to Alberta?
I always laugh when I see Americans pointing to the "success" of Alberta's flat tax. Has to be the primary example of the idea failing, imo. Rich people get richer, middle class on down are worse off, discourages labour.
September first its going up 20 cents, so will only be 30 cents/hr less then BC, and will probably surpass BC at some point, our politicians don't have a very good record of raising it, probably be another 10 years before we see an increase here.
You are also less likely to make min. wage in Alberta, of all provinces, Alberta has the least amount of min. wage workers.
I would trade Alberta for BC in a second despite the flat tax, overall benefits, higher wages, lower overall cost of living compared to Vancouver and the lower mainland, no PST, no medical services premiums etc.
#88
BE Forum Addict
Joined: Aug 2006
Posts: 3,124
Re: No longer happy
The last time I was in England and that was in 1999 i found that a pound over there was about a dollar over here, disregarding the exchange rate
I was astonished at the astronomical high rents in the London area
My contention is that comparing tax rates is only one part of the equation
What i find more to the point is what someone over there, be it blue collar or middle class, would earn as compared to Canada and how far the money goes in the UK was compared to Canada?
From a strictly monetary POV where would one be better off?
IOW what is the purchasing power of take home pay?
Is there even an answer to this question?
I was astonished at the astronomical high rents in the London area
My contention is that comparing tax rates is only one part of the equation
What i find more to the point is what someone over there, be it blue collar or middle class, would earn as compared to Canada and how far the money goes in the UK was compared to Canada?
From a strictly monetary POV where would one be better off?
IOW what is the purchasing power of take home pay?
Is there even an answer to this question?
Last edited by montreal mike; Aug 13th 2013 at 1:37 am.
#89
Re: No longer happy
The top rate in Alberta is only 39%, in the UK it's 50%. The 40% tax bracket in the UK kicks in at £35,001 which is around $56,000. In Alberta you're only at the 32% rate at that amount of income. The 39% rate in Alberta doesn't kick in until $135,054 (i.e. more than twice the amount for the UK 40% rate). You never even reach 40% let alone 50%.
And that doesn't even include say, GST being 5% compared to VAT at 20%, lower capital gains taxes, lower fuel taxes, lower car tax, no estate/gift tax, etc. Plus you've also got the dividend tax credit. No question taxes are lower here.
They are not "broadly similar".
Ontario is also lower but not as low as Alberta. At $56,000 of income you're in the 31.15% bracket and you don't hit 40% until you're over $82,000 and change. And HST is lower than VAT, etc.
Last edited by Steve_; Aug 13th 2013 at 6:26 am.
#90
Re: No longer happy
Oops yes, NI has always confused me with all the different classes but anyway taxes are definitely lower in Canada, certainly in Alberta they are.
The top rate in Alberta is only 39%, in the UK it's 50%. The 40% tax bracket in the UK kicks in at £35,001 which is around $56,000. In Alberta you're only at the 32% rate at that amount of income. The 39% rate in Alberta doesn't kick in until $135,054 (i.e. more than twice the amount for the UK 40% rate). You never even reach 40% let alone 50%.
And that doesn't even include say, GST being 5% compared to VAT at 20%, lower capital gains taxes, lower fuel taxes, lower car tax, no estate/gift tax, etc. Plus you've also got the dividend tax credit. No question taxes are lower here.
They are not "broadly similar".
Ontario is also lower but not as low as Alberta. At $56,000 of income you're in the 31.15% bracket and you don't hit 40% until you're over $82,000 and change. And HST is lower than VAT, etc.
The top rate in Alberta is only 39%, in the UK it's 50%. The 40% tax bracket in the UK kicks in at £35,001 which is around $56,000. In Alberta you're only at the 32% rate at that amount of income. The 39% rate in Alberta doesn't kick in until $135,054 (i.e. more than twice the amount for the UK 40% rate). You never even reach 40% let alone 50%.
And that doesn't even include say, GST being 5% compared to VAT at 20%, lower capital gains taxes, lower fuel taxes, lower car tax, no estate/gift tax, etc. Plus you've also got the dividend tax credit. No question taxes are lower here.
They are not "broadly similar".
Ontario is also lower but not as low as Alberta. At $56,000 of income you're in the 31.15% bracket and you don't hit 40% until you're over $82,000 and change. And HST is lower than VAT, etc.
http://www.hmrc.gov.uk/rates/it.htm#2