I have just been offered a position in Toronto. The salary is going to be somewhere between 127-130 K CAD annually. I have not worked in Canada before. If I calculated correctly, my net monthly wages will be around 7000 CAD.

My question is if I start working from April or May, could my take home monthly salary be a little bit more since I would be in a lower tax bracket for being employed only 7-8 months in 2012.

Thanks,

Probably the question was not very clear.

I received the offer in gross wages annually. Considering I would be employed for only 8 months in 2012, how much would my employer be paying me in monthly wages after deducting taxes ?

Ahem for bumping your own thread, but ...

Using 2011 rates a single person who earned $130,000 in ON would have a take-home pay of $7,219.33 per month if there are no other deductions.

If that person had moved to Canada on April 1, 2011 and immediately started earning at the same rate (i.e. $97,500 in 2011) their monthly take home pay would have been $7,523.31 per month.

Note these are average take home pay amounts. CPP and EI (UK NI equivalents) are not spread equally during the year. Very approximately, they are a little under 7% of your pay until you reach $50,000 earnings. Then they stop.

I'm reluctant to query a JBE post on income tax, but wouldn't the deductions month by month be based on the annual salary anyway? Of course when it came to filing the tax return the next year, there'd be a refund, so retrospectively your numbers are right. Perhaps I'm confused.

BTW in ON there's also the OHIP premium or supplement or whatever it's called. Not huge, but not negligible either.

You are right. I just calculated the amount from April to December after everything is sorted out and divided it by 9.

<Bursts with pride>.

Thanks JBE and NovoCastrian. Appreciated.