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UK vs Canada financial side

UK vs Canada financial side

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Old Aug 15th 2017, 9:48 pm
  #46  
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Default Re: UK vs Canada financial side

Another difference between the UK and Canada, is that you have to do you own taxes in Canada! Everyone who earns an income does. Not the case in the UK. A pain, but you can get an accountant to do it. or there are online services.


RRSPs are good for a tax rebate, but when you withdraw at a later date (retirement, and they become a RIF), you will be taxed as if it is income. RRSPs can also be used for putting a down payment on buying a house. I unfortunately don't know this process in detail.


Then there are cash and margin accounts. You are taxed on any profits you make, but not when you make a withdrawal from the account.
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Old Aug 16th 2017, 1:48 am
  #47  
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Default Re: UK vs Canada financial side

GST refunds every quarter depending on the income declared on tax return.

Rough "at a gance" idea of where the cut offs are for Ontario...I think this is a couple of years old.


If your family net income amount is equal to or exceeds the amount indicated in the table below, you will not be entitled to a GST/HST credit payment.

For a single person, you aren't eligible for the credit if your income exceeds $42,641, per the table in the second link. Other family structures have different income limits:

Single person $42,641
Single parent with one child $47,941
Single parent with two children $50,721
Single parent with three children $53,501
Single parent with four children $56,281
Married/common-law couple with no children $45,161
Married/common-law couple with one child $47,941
Married/common-law couple with two children $50,721
Married/common-law couple with three children $53,501
Married/common-law couple with four children $56,281
Official site here
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Old Aug 16th 2017, 8:05 am
  #48  
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Default Re: UK vs Canada financial side

Originally Posted by Shakyuk
As a member who has contributed very little to the board, then coming asking questions about a complex subject such as taxation, I would suggest being more amicable and friendly would be a better way of getting people to respond. The in's and out of taxation in all countries are complex, so complex they require professional qualifications which take years to acquire and even then people become specialists in specific areas of taxation. Something I am sure you're aware of. However you don't seem to appreciate being directed to the relevant Canadian website and instead you'd like someone to give you an 'explanation' using 'simple examples'. But why would anyone go to that site in their own time, digest the information and then regurgitate it for you using simple examples when your responses to this thread have been nothing short of hostile.

Originally Posted by IJ157
In all fairness, he was very specific with his question. Someone saying their kids are happier in Canada was of little relevance to his enquiries.
What you have written seems to have no relevance to the post of mine you have quoted? My post comments on this members general demeanour in their post and people's responses who had posted links to information.

I made no reference to anyone mentioning their kids being happier in Canada.

Last edited by Shakyuk; Aug 16th 2017 at 8:09 am.
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Old Aug 16th 2017, 3:16 pm
  #49  
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Default Re: UK vs Canada financial side

Originally Posted by Shakyuk
What you have written seems to have no relevance to the post of mine you have quoted? My post comments on this members general demeanour in their post and people's responses who had posted links to information.

I made no reference to anyone mentioning their kids being happier in Canada.
You criticised his approach. Well, when one of the first reponses was talking about how it's better in Canada, because my kids are happy! I can see why that would be irksome when he was specifically asking certain questions.


I was clearly responding to your post explaining why he/she had that attitude.
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Old Aug 16th 2017, 3:38 pm
  #50  
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Default Re: UK vs Canada financial side

Originally Posted by IJ157
You criticised his approach. Well, when one of the first reponses was talking about how it's better in Canada, because my kids are happy! I can see why that would be irksome when he was specifically asking certain questions.


I was clearly responding to your post explaining why he/she had that attitude.
You're thinking of geoff52, not Shakyuk.
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Old Aug 16th 2017, 4:48 pm
  #51  
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Default Re: UK vs Canada financial side

Originally Posted by dbd33
You're thinking of geoff52, not Shakyuk.


I know it wasn't Shakyuk who mentioned the kids thing. I was pointing out to Shakyuk why someone would be irritated with that type of answer when he was going on his rant about how to respond 'properly'. No wonder nofrills got frustrated with the responses on this thread.
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Old Aug 17th 2017, 7:27 am
  #52  
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Default Re: UK vs Canada financial side

Originally Posted by IJ157
I know it wasn't Shakyuk who mentioned the kids thing. I was pointing out to Shakyuk why someone would be irritated with that type of answer when he was going on his rant about how to respond 'properly'. No wonder nofrills got frustrated with the responses on this thread.

I stand by my comment. Many posters offered up information relevant to the question and some offered information that was related to the wider subject of emigration to Canada. This happens in pretty much every thread on the forum.


Maybe it's just me, but if I asked a bunch of random strangers a specific question I would be grateful for those people taking the time out of their day to answer my question; even if some responses were not exactly on topic. I wouldn't be hostile and condescending.


Anyway, I'm happy to agree to disagree on how people should compose themselves when asking for help.
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Old Aug 20th 2017, 4:30 pm
  #53  
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Default Re: UK vs Canada financial side

"I stand by my comment. Many posters offered up information relevant to the question and some offered information that was related to the wider subject of emigration to Canada. This happens in pretty much every thread on the forum."

I'm not surprised you stand by your comment, because for people like you internet boards are the only way you socialise, and when proved wrong, you think you are losing face, and will fight, and argue until let alone, as you can't stand up losing face, when proven wrong.

You clearly have spent spent some time analysing this thread and responses of various posters and still can't realise, answer I was getting were nowhere near what I was asking about, with some posters mentioning some website, where I could look for answers to my questions, when in fact, as mentioned before, I was looking for a general idea of how things work in Canada, and I even provided clear examples of how they work in the UK.

I wasn't looking for a complicated tax advice, I was looking for a simple comparison of how these things work in Canada as compared to the UK.

You and your useless "helpful" mates have wasted so much time, provided half witted responses until shelley748 and not2old, actually read my opening post, and provided me with a very simple response to my very simple question.

Lucky you and your "helpful" mates are not in the UK anymore, as the country have an excess of idiots that can't read a simple text and respond to it.
The more the country manages to export idiots such as you and your mates the better for us in the UK.

You clearly are better suited to your janitor's career you are trying to develop in Canada then engaging in any exchanges on public forums.
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Old Aug 20th 2017, 4:32 pm
  #54  
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Default Re: UK vs Canada financial side

@Shakyuk

[QUOTE=nofrills;12320853]"I stand by my comment. Many posters offered up information relevant to the question and some offered information that was related to the wider subject of emigration to Canada. This happens in pretty much every thread on the forum."

I'm not surprised you stand by your comment, because for people like you internet boards are the only way you socialise, and when proved wrong, you think you are losing face, and will fight, and argue until let alone, as you can't stand up losing face, when proven wrong.

You clearly have spent spent some time analysing this thread and responses of various posters and still can't realise, answer I was getting were nowhere near what I was asking about, with some posters mentioning some website, where I could look for answers to my questions, when in fact, as mentioned before, I was looking for a general idea of how things work in Canada, and I even provided clear examples of how they work in the UK.

I wasn't looking for a complicated tax advice, I was looking for a simple comparison of how these things work in Canada as compared to the UK.

You and your useless "helpful" mates have wasted so much time, provided half witted responses until shelley748 and not2old, actually read my opening post, and provided me with a very simple response to my very simple question.

Luckily your "helpful" mates are not in the UK anymore, as the country have an excess of idiots that can't read a simple text and respond to it.
You should join them too over there, if you not there yet. Do the old country a favour.
The more the country manages to export idiots such as you and your mates the better for us in the UK.

Last edited by nofrills; Aug 20th 2017 at 4:35 pm. Reason: spelling mistake
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Old Aug 20th 2017, 6:19 pm
  #55  
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Default Re: UK vs Canada financial side

Originally Posted by nofrills
...when proved wrong....
According to whom? You're on one side and others are on the other side. Who says who is right?
, you think you are losing face, and will fight, and argue until let alone, as you can't stand up losing face...
You're not doing the same of course, oh no.
You clearly have spent spent some time analysing this thread and responses of various posters
Ah, got it. You haven't spent time analysing what people said of course?

Pot...Kettle...Black...

...half witted responses...
How nice.
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Old Aug 20th 2017, 8:41 pm
  #56  
 
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Default Re: UK vs Canada financial side

Originally Posted by nofrills
The more the country manages to export idiots such as you and your mates the better for us in the UK.
I think perhaps some are still be in the UK. Hopefully that is where they stay!

Last edited by Aviator; Aug 20th 2017 at 8:55 pm.
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Old Aug 21st 2017, 12:29 am
  #57  
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Default Re: UK vs Canada financial side

Originally Posted by Aviator
I think perhaps some are still be in the UK. Hopefully that is where they stay!
Why? What reason is there for thinking that, for example, Shakyuk, would not be an asset to Canada? Less than that, maybe Shakyuk would just like to try Canada, why is it to be hoped that he or she should be denied that opportunity?

I can see a case that Shakyuk, being unable to focus on tiny details of the tax code as they apply to specific retirement plans, might not be dull enough for Canada but, surely, that's why Canada needs Shakyuk.
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Old Aug 21st 2017, 4:10 am
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Default Re: UK vs Canada financial side

Originally Posted by dbd33
Why? What reason is there for thinking that, for example, Shakyuk, would not be an asset to Canada? Less than that, maybe Shakyuk would just like to try Canada, why is it to be hoped that he or she should be denied that opportunity?

I can see a case that Shakyuk, being unable to focus on tiny details of the tax code as they apply to specific retirement plans, might not be dull enough for Canada but, surely, that's why Canada needs Shakyuk.

Subtly I could never be accused of, but maybe this time?

Last edited by Aviator; Aug 21st 2017 at 4:16 am.
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Old Aug 21st 2017, 8:26 am
  #59  
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Default Re: UK vs Canada financial side

Originally Posted by nofrills
I'm not surprised you stand by your comment, because for people like you internet boards are the only way you socialise, and when proved wrong, you think you are losing face, and will fight, and argue until let alone, as you can't stand up losing face, when proven wrong...

Well, that escalated quickly.

The lofty heights from which your condescending dribble was falling upon my head was actually quite impressive and did make me laugh but you've made a lot of assumptions and unfortunately for you most of them are wrong.

I think your response to me has highlighted the point I was making; that your attitude on the forum has been quite poor. That is why I stand by my point, not because of the reasons you give. You accuse of me being argumentative, yet I wrote:

Originally Posted by Shakyuk
Anyway, I'm happy to agree to disagree on how people should compose themselves when asking for help.
Then you have responded with accusations which are actually more like projections of your own actions. Everything you have accused me of is actually what you are doing. Do you think perhaps you're the one who doesn't want to lose face?

Originally Posted by nofrills
You clearly have spent spent some time analysing this thread and responses of various posters and still can't realise, answer I was getting were nowhere near what I was asking about, with some posters mentioning some website, where I could look for answers to my questions, when in fact, as mentioned before, I was looking for a general idea of how things work in Canada, and I even provided clear examples of how they work in the UK.
I think what you have failed to realise, is that people on the forum give their time to help people. Sometimes information may be offered which isn't specific to the topic, but rather than chastise those people, a 'good person' would appreciate the time taken by a stranger to offer up information. If you had been more diplomatic and 'nice' then perhaps people would be more inclinded to help.

Originally Posted by nofrills
Lucky you and your "helpful" mates are not in the UK anymore, as the country have an excess of idiots that can't read a simple text and respond to it.
I actually live in the UK, I'm still waiting for the visa. Have you ever considered that perhaps if you're facing such frustrations that you regard an entire country as having an 'excess of idiots'... that it may not be everyone else.. it may be you?

Originally Posted by nofrills
You clearly are better suited to your janitor's career you are trying to develop in Canada then engaging in any exchanges on public forums.
I'm actually an engineer, but even if I was a janitor in Canada I'd respect that all jobs have a place in the world, and it's the actions of an individual that gives them worth and not their wealth or title.

I don't want to offend you anymore, so I'll move Canada just for you. All I'd ask of you is that you keep people like you, with your self important attitudes in the UK with you. That will be swell!

Last edited by Shakyuk; Aug 21st 2017 at 8:45 am.
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Old Aug 21st 2017, 8:35 am
  #60  
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Default Re: UK vs Canada financial side

Originally Posted by dbd33
Why? What reason is there for thinking that, for example, Shakyuk, would not be an asset to Canada? Less than that, maybe Shakyuk would just like to try Canada, why is it to be hoped that he or she should be denied that opportunity?

I can see a case that Shakyuk, being unable to focus on tiny details of the tax code as they apply to specific retirement plans, might not be dull enough for Canada but, surely, that's why Canada needs Shakyuk.

Thanks dbd33, one day I hope I will be an asset to Canada! I'm an engineer and I live in spread sheets, codes and software... you'd be surprised how dull I can be! I can't wait to be boring in Canada.


I think Aviator may not have been referring to me though.
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