Are Salaries Low in Canada ?
Nov 9th 2009, 9:17 pm
#16
Slightly Canadian
Joined: Jul 2005
Location: St. John's, Newfoundland
Posts: 10,129
Re: Are Salaries Low in Canada ?
sorry bud not bragging about high Salaries. Just pay a very high rate of tax: 15K, not to mention the tax on the bonuses want to evaluate if I can channelise my work ethic elsewhere in a different economy and have higher net savings.
Anyone can pickup a high salary from the job market if there professional in there trade with good years of exp, but when you get hit by higher tax bands, then the truth hurts.
Anyone can pickup a high salary from the job market if there professional in there trade with good years of exp, but when you get hit by higher tax bands, then the truth hurts.
Nov 9th 2009, 9:17 pm
#17
Joined: Aug 2005
Posts: 14,227
Re: Are Salaries Low in Canada ?
sorry bud not bragging about high Salaries. Just pay a very high rate of tax: 15K, not to mention the tax on the bonuses want to evaluate if I can channelise my work ethic elsewhere in a different economy and have higher net savings.
Anyone can pickup a high salary from the job market if there professional in there trade with good years of exp, but when you get hit by higher tax bands, then the truth hurts.
Anyone can pickup a high salary from the job market if there professional in there trade with good years of exp, but when you get hit by higher tax bands, then the truth hurts.
Nov 9th 2009, 9:19 pm
#20
Account Closed
Joined: Aug 2008
Posts: 7,284
Re: Are Salaries Low in Canada ?
sorry bud not bragging about high Salaries. Just pay a very high rate of tax: 15K, not to mention the tax on the bonuses want to evaluate if I can channelise my work ethic elsewhere in a different economy and have higher net savings.
Anyone can pickup a high salary from the job market if there professional in there trade with good years of exp, but when you get hit by higher tax bands, then the truth hurts.
Anyone can pickup a high salary from the job market if there professional in there trade with good years of exp, but when you get hit by higher tax bands, then the truth hurts.
Canada's tax brackets are on the Revenue Canada website. They vary slightly from Province to Province. As does pay.
You usually find that if you pay less tax then you have to save more of your income to cover what the extra taxes would have. Education, health, municipal services.
Talking about bonuses smacks of bragging to me.
Nov 9th 2009, 9:19 pm
#21
Born again atheist
Joined: Jul 2005
Location: Europe (to be specified).
Posts: 30,259
Re: Are Salaries Low in Canada ?
sorry bud not bragging about high Salaries. Just pay a very high rate of tax: 15K, not to mention the tax on the bonuses want to evaluate if I can channelise my work ethic elsewhere in a different economy and have higher net savings.
Anyone can pickup a high salary from the job market if there professional in there trade with good years of exp, but when you get hit by higher tax bands, then the truth hurts.
Anyone can pickup a high salary from the job market if there professional in there trade with good years of exp, but when you get hit by higher tax bands, then the truth hurts.
I should try to channelize your work ethic by swimming to France to look for work.
Nov 9th 2009, 9:21 pm
#22
Born again atheist
Joined: Jul 2005
Location: Europe (to be specified).
Posts: 30,259
Nov 9th 2009, 9:25 pm
#24
Joined: Aug 2005
Posts: 14,227
Re: Are Salaries Low in Canada ?
channelise???
Canada's tax brackets are on the Revenue Canada website. They vary slightly from Province to Province. As does pay.
You usually find that if you pay less tax then you have to save more of your income to cover what the extra taxes would have. Education, health, municipal services.
Talking about bonuses smacks of bragging to me.
Canada's tax brackets are on the Revenue Canada website. They vary slightly from Province to Province. As does pay.
You usually find that if you pay less tax then you have to save more of your income to cover what the extra taxes would have. Education, health, municipal services.
Talking about bonuses smacks of bragging to me.
Nov 9th 2009, 9:27 pm
#25
Banned
Thread Starter
Joined: May 2009
Posts: 142
Re: Are Salaries Low in Canada ?
channelise???
Canada's tax brackets are on the Revenue Canada website. They vary slightly from Province to Province. As does pay.
You usually find that if you pay less tax then you have to save more of your income to cover what the extra taxes would have. Education, health, municipal services.
Talking about bonuses smacks of bragging to me.
Canada's tax brackets are on the Revenue Canada website. They vary slightly from Province to Province. As does pay.
You usually find that if you pay less tax then you have to save more of your income to cover what the extra taxes would have. Education, health, municipal services.
Talking about bonuses smacks of bragging to me.
no bonuses are the norm in some industries especially in the investment sector. It's just a substitute for no pension contribution. Many players dont pay pensions because of high risk and uncertainty involved in the markets. The industry has always been volatile the bonus structures are just hype to soften the blow. Most of it goes in tax.
Nov 9th 2009, 9:28 pm
#26
Joined: Aug 2005
Posts: 14,227
Re: Are Salaries Low in Canada ?
thanks....
no bonuses are the norm in some industries especially in the investment sector. It's just a substitute for no pension contribution. Many players dont pay pensions because of high risk and uncertainty involved in the markets. The industry has always been volatile the bonus structures are just hype to soften the blow. Most of it goes in tax.
no bonuses are the norm in some industries especially in the investment sector. It's just a substitute for no pension contribution. Many players dont pay pensions because of high risk and uncertainty involved in the markets. The industry has always been volatile the bonus structures are just hype to soften the blow. Most of it goes in tax.
Nov 9th 2009, 9:29 pm
#27
BE Enthusiast
Joined: Sep 2009
Location: Airdrie, Alberta
Posts: 382
Re: Are Salaries Low in Canada ?
sorry bud not bragging about high Salaries. Just pay a very high rate of tax: 15K, not to mention the tax on the bonuses want to evaluate if I can channelise my work ethic elsewhere in a different economy and have higher net savings.
Anyone can pickup a high salary from the job market if there professional in there trade with good years of exp, but when you get hit by higher tax bands, then the truth hurts.
Anyone can pickup a high salary from the job market if there professional in there trade with good years of exp, but when you get hit by higher tax bands, then the truth hurts.
I'm not a financial wizard, so can't offer you any advice there, but I'm an IT geek, and I see jobs advertised that offer less, more and about the same money I'm on in the UK, so I don't think the sweeping generalisation that salaries are lower in Canada is appropriate, although maybe UK financial analysts are paid more than the going rate?
I hope you find the answer you need.
Oh, I'm glad you're a senior financial analyst and not my kid's English teacher :-)
Nov 9th 2009, 9:31 pm
#28
Born again atheist
Joined: Jul 2005
Location: Europe (to be specified).
Posts: 30,259
Re: Are Salaries Low in Canada ?
thanks....
no bonuses are the norm in some industries especially in the investment sector. It's just a substitute for no pension contribution. Many players dont pay pensions because of high risk and uncertainty involved in the markets. The industry has always been volatile the bonus structures are just hype to soften the blow. Most of it goes in tax.
no bonuses are the norm in some industries especially in the investment sector. It's just a substitute for no pension contribution. Many players dont pay pensions because of high risk and uncertainty involved in the markets. The industry has always been volatile the bonus structures are just hype to soften the blow. Most of it goes in tax.
Nov 9th 2009, 9:31 pm
#29
Banned
Thread Starter
Joined: May 2009
Posts: 142
Re: Are Salaries Low in Canada ?
am just a mediocre in play some fund managers earn very easily and excessively over six figures, the perks my managers take, lol, its a lottery for some !
Nov 9th 2009, 9:33 pm
#30
Joined: Aug 2005
Posts: 14,227
Re: Are Salaries Low in Canada ?
Not sure worrying about the tax you'll pay on your bonus will endear you to people and prompt them to give you meaningful advice, or at least the kind of advice you are looking for. If you're lucky enough to have a high salary, you have to accept that comes with high tax, regardless of the country you live in. At least I assume that's the way it works in most developed democracies?
I'm not a financial wizard, so can't offer you any advice there, but I'm an IT geek, and I see jobs advertised that offer less, more and about the same money I'm on in the UK, so I don't think the sweeping generalisation that salaries are lower in Canada is appropriate, although maybe UK financial analysts are paid more than the going rate?
I hope you find the answer you need.
Oh, I'm glad you're a senior financial analyst and not my kid's English teacher :-)
I'm not a financial wizard, so can't offer you any advice there, but I'm an IT geek, and I see jobs advertised that offer less, more and about the same money I'm on in the UK, so I don't think the sweeping generalisation that salaries are lower in Canada is appropriate, although maybe UK financial analysts are paid more than the going rate?
I hope you find the answer you need.
Oh, I'm glad you're a senior financial analyst and not my kid's English teacher :-)