trevor

I'm going to be moving to Canada in the next few months and am in the process of looking for a job. I have 8 yrs of IT experience in application development. Most of the positions that I've come across are offering around $80,000.
My question is, how does $80,000 in Canada relate to $80,000 in the U.S.?
$80,000 in the US is a very good salary and you can live quite well. Where would you stand on the social scale making CDN$80,000?

Thanks

Andrew Miller

It all depends where you'll be living and what US location you'll try to
compare to your Canadian location. CDN$80,000 for example in Calgary will
give you standard of living comparable to US$100,000+ in Chicago, NY, LA or
San Francisco area. You cannot just compare salaries as cost of living
varies considerably, tax burden is different, health insurance or car
insurance premiums are adding a lot to the cost in US, etc.

There are many websites dedicated to international relocation with salary
calculators, cost of living comparison, etc. - so, look there for some basic
comparisons. One of those is:

http://www.homefair.com/homefair/calc/salcalc.html

--

../..

Andrew Miller
Immigration Consultant
Vancouver, British Columbia
email: [email protected]
(delete REMOVE from the above address before sending email)

For confidential phone consultation go here:

http://members.yahoo.liveadvice.com/andrewmiller_canada
________________________________


"trevor" wrote in message
news:[email protected]...
    > I'm going to be moving to Canada in the next few months and am in the
    > process of looking for a job. I have 8 yrs of IT experience in
    > application development. Most of the positions that I've come across are
    > offering around $80,000.
    > My question is, how does $80,000 in Canada relate to $80,000 in the
    > U.S.?
    > $80,000 in the US is a very good salary and you can live quite well.
    > Where would you stand on the social scale making CDN$80,000?
    > Thanks
    > --
    > Posted via http://britishexpats.com

Guru

I am getting only 40,000
and i am living a standard life.

"trevor" wrote in message
news:[email protected]...
    > I'm going to be moving to Canada in the next few months and am in the
    > process of looking for a job. I have 8 yrs of IT experience in
    > application development. Most of the positions that I've come across are
    > offering around $80,000.
    > My question is, how does $80,000 in Canada relate to $80,000 in the
    > U.S.?
    > $80,000 in the US is a very good salary and you can live quite well.
    > Where would you stand on the social scale making CDN$80,000?
    > Thanks
    > --
    > Posted via http://britishexpats.com

James J

I am very happy if I get only half of what you make.

"Guru" wrote in message
news:[email protected]...
    > I am getting only 40,000
    > and i am living a standard life.
    > "trevor" wrote in message
    > news:[email protected]...
    > >
    > > I'm going to be moving to Canada in the next few months and am in the
    > > process of looking for a job. I have 8 yrs of IT experience in
    > > application development. Most of the positions that I've come across are
    > > offering around $80,000.
    > > My question is, how does $80,000 in Canada relate to $80,000 in the
    > > U.S.?
    > > $80,000 in the US is a very good salary and you can live quite well.
    > > Where would you stand on the social scale making CDN$80,000?
    > >
    > > Thanks
    > >
    > > --
    > > Posted via http://britishexpats.com

apurwadi

For example, in California, for single status, after taxes and all deductions, US$80,000 annual salary would give an approximate take-home income between US$4200 to US$4800 a month.

Can someone tell me how much the take-home income for CAD$80,000 AFTER all taxes and deduction assuming the person living in Vancouver/Toronto?

Guru

Deduct 33% for tax and rest is yours.
Guru

"apurwadi" wrote in message
news:[email protected]...
    > For example, in California, for single status, after taxes and all
    > deductions, US$80,000 annual salary would give an approximate take-home
    > income between US$4200 to US$4800 a month.
    > Can someone tell me how much the take-home income for CAD$80,000 AFTER
    > all taxes and deduction assuming the person living in Vancouver/Toronto?
    > --
    > Posted via http://britishexpats.com

Andrew Miller

All Canadian tax calculator is here:

http://www.ey.com/global/Content.nsf...2_Personal_Tax

As you'll find out a single person living in BC and making CDN $80,000 a
year will be left with $58,372 after tax income.

So, all of those who complain about high taxes in Canada compared to US
should take notice - after tax income in Canada is similar or better to that
in California and for sure substantially better than in other top taxed
states in US.

More - cost of living in California, NY, Chicago and tons of other popular
places in US is much larger then even in expensive compared to most of
Canada Vancouver. Add to it extremely high cost of health coverage in US and
you will be much better off in Canada with the comparable income.

--

../..

Andrew Miller
Immigration Consultant
Vancouver, British Columbia
email: [email protected]
(delete REMOVE from the above address before sending email)

For confidential phone consultation go here:

http://members.yahoo.liveadvice.com/andrewmiller_canada
________________________________


"apurwadi" wrote in message
news:[email protected]...
    > For example, in California, for single status, after taxes and all
    > deductions, US$80,000 annual salary would give an approximate take-home
    > income between US$4200 to US$4800 a month.
    > Can someone tell me how much the take-home income for CAD$80,000 AFTER
    > all taxes and deduction assuming the person living in Vancouver/Toronto?
    > --
    > Posted via http://britishexpats.com

Andrew Miller

Actually with the income level of $80,000 the total tax (both federal and
Provincial) for BC resident will be just under 28%. Do your exact
calculations here:

http://www.ey.com/global/Content.nsf...2_Personal_Tax

--

../..

Andrew Miller
Immigration Consultant
Vancouver, British Columbia
email: [email protected]
(delete REMOVE from the above address before sending email)

For confidential phone consultation go here:

http://members.yahoo.liveadvice.com/andrewmiller_canada
________________________________


"Guru" wrote in message
news:[email protected]...
    > Deduct 33% for tax and rest is yours.
    > Guru
    > "apurwadi" wrote in message
    > news:[email protected]...
    > >
    > > For example, in California, for single status, after taxes and all
    > > deductions, US$80,000 annual salary would give an approximate take-home
    > > income between US$4200 to US$4800 a month.
    > >
    > > Can someone tell me how much the take-home income for CAD$80,000 AFTER
    > > all taxes and deduction assuming the person living in Vancouver/Toronto?
    > >
    > > --
    > > Posted via http://britishexpats.com

Bodza Bodza

trevor wrote:
    > I'm going to be moving to Canada in the next few months and am in the
    > process of looking for a job. I have 8 yrs of IT experience in
    > application development. Most of the positions that I've come across are
    > offering around $80,000.
    > My question is, how does $80,000 in Canada relate to $80,000 in the
    > U.S.?
    > $80,000 in the US is a very good salary and you can live quite well.
    > Where would you stand on the social scale making CDN$80,000?

I'm an ex-I.T.-headhunter from Toronto and here is my observation:
Not to burst your bubble but,I think you'll be very lucky as a new
immigrant to get $80K. You don't have any Canadian experience and this
will be used against you. More than likely you will get $50-$60K IF
you can get a job, then after you've proved yourself (i.e. after a
couple of years) THEN you can apply for the higher salaries.

As for where on the social scale are you, probably the higher end of
middle class. You will probably be able to live in a mid-level suburb
and drive a decent car and go to restaurants a couple times a year.
(This is assuming your wife isn't working).

Jaj

Andrew
I would make two observations:

1. Cost of living and local tax levels can vary almost as much within
both Canada and the US as opposed to between them.

2. Your comparison may well be valid for NY, LA and SF, but I would
have thought the Chicago cost of living was lower than these three,
although higher than Calgary.

Jeremy

    >On Thu, 19 Dec 2002 19:44:30 GMT, "Andrew Miller" wrote:
    >It all depends where you'll be living and what US location you'll try to
    >compare to your Canadian location. CDN$80,000 for example in Calgary will
    >give you standard of living comparable to US$100,000+ in Chicago, NY, LA or
    >San Francisco area. You cannot just compare salaries as cost of living
    >varies considerably, tax burden is different, health insurance or car
    >insurance premiums are adding a lot to the cost in US, etc.
    >There are many websites dedicated to international relocation with salary
    >calculators, cost of living comparison, etc. - so, look there for some basic
    >comparisons. One of those is:
    >http://www.homefair.com/homefair/calc/salcalc.html
    >--
    >../..
    >Andrew Miller
    >Immigration Consultant
    >Vancouver, British Columbia
    >email: [email protected]
    >(delete REMOVE from the above address before sending email)
    >For confidential phone consultation go here:
    >http://members.yahoo.liveadvice.com/andrewmiller_canada
    >________________________________

This is not intended to be legal advice in any jurisdiction

Andrew Miller

Jeremy,

Chicago has one of the highest cost of living in US thanks to municipal
income tax. As far as most expenses go Chicago is almost at the same level
as NY and higher than Toronto, while Calgary is well below Toronto.

--

../..

Andrew Miller
Immigration Consultant
Vancouver, British Columbia
email: [email protected]
(delete REMOVE from the above address before sending email)

For confidential phone consultation go here:

http://members.yahoo.liveadvice.com/andrewmiller_canada
________________________________


"JAJ" wrote in message
news:[email protected]...
    > Andrew
    > I would make two observations:
    > 1. Cost of living and local tax levels can vary almost as much within
    > both Canada and the US as opposed to between them.
    > 2. Your comparison may well be valid for NY, LA and SF, but I would
    > have thought the Chicago cost of living was lower than these three,
    > although higher than Calgary.
    > Jeremy
    > >On Thu, 19 Dec 2002 19:44:30 GMT, "Andrew Miller"
wrote:
    > >It all depends where you'll be living and what US location you'll try to
    > >compare to your Canadian location. CDN$80,000 for example in Calgary will
    > >give you standard of living comparable to US$100,000+ in Chicago, NY, LA
or
    > >San Francisco area. You cannot just compare salaries as cost of living
    > >varies considerably, tax burden is different, health insurance or car
    > >insurance premiums are adding a lot to the cost in US, etc.
    > >
    > >There are many websites dedicated to international relocation with salary
    > >calculators, cost of living comparison, etc. - so, look there for some
basic
    > >comparisons. One of those is:
    > >
    > >http://www.homefair.com/homefair/calc/salcalc.html
    > >
    > >--
    > >
    > >../..
    > >
    > >Andrew Miller
    > >Immigration Consultant
    > >Vancouver, British Columbia
    > >email: [email protected]
    > >(delete REMOVE from the above address before sending email)
    > >
    > >For confidential phone consultation go here:
    > >
    > >http://members.yahoo.liveadvice.com/andrewmiller_canada
    > >________________________________
    > This is not intended to be legal advice in any jurisdiction

Josh

What will be considered a middle class as far salaries goes?
like 30k to 80K?
Also can someone buy a house as sonn as he lands without Canadian credit history?
Thanks

apurwadi

The next question would be is it helpful to have a good US credit history in Canada? Will the Canadian financial institution take this into consideration for the new immigrants to apply for car loan, credit card, or home mortgage?

Stuart Brook

josh wrote:
    >
    > What will be considered a middle class as far salaries goes?
    > like 30k to 80K?
    > Also can someone buy a house as sonn as he lands without Canadian credit history?
    > Thanks

There is not the same concept of class structure in Canada, but a so
called middle income earner ... which includes well paid trades people
and professionals / engineers etc would earn about 45-90K with a family
income of 50-150K.

Stuart Brook

apurwadi wrote:
    >
    > The next question would be is it helpful to have a good US credit
    > history in Canada? Will the Canadian financial institution take this
    > into consideration for the new immigrants to apply for car loan, credit
    > card, or home mortgage?

Yes, but you generally have to beat them over the head to pay attention
to it!