Salaries - UK Versus Canada

Old Sep 25th 2002, 5:08 pm
  #1  
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Default Salaries - UK Versus Canada

Is a Salary of 40,000 Pounds in the UK the same as CAD$80,000 in Canada?

I mean will the standard of living be better in Toronto for 80,000 CAD than for 40,000 Pounds in Midlands.
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Old Sep 25th 2002, 10:58 pm
  #2  
Bodza Bodza
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Default Re: Salaries - UK Versus Canada

gopijags wrote:
    > Is a Salary of 40,000 Pounds in the UK the same as CAD$80,000 in Canada?

Not exactly. But you will have a tough time getting $80K right off the
bat.

    > I mean will the standard of living be better in Toronto for 80,000 CAD
    > than for 40,000 Pounds in Midlands.

No. About the same. The difference will be that you could get more
house for your money and more car for your money. Otherwise, about the
same.
See other similar posts.
 
Old Sep 25th 2002, 11:25 pm
  #3  
Serp
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Default Re: Salaries - UK Versus Canada

Put it this way, the way I tend to find it works, whatever you get in
the UK for £40 will more than likely turn out to be $40 in Canada. So
although your wage of £40,000 here would be about $98,000 in Canada
using today's rates, you will more than likely find your wage will end
up being $40,000.

What you must remember is that the UK is so artificially inflated in
pricing that the wages reflect it, and the closer to London you get the
more it is.

So yes if you did take £40,000 to Canada the standard of living you'd
get off that would be a lot better than $40,000, primarily due to the
good exchange rate we get.

Even if you took $80,000 CDN, it would more than likely give you a
better lifestyle - however Toronto is more costly like London is in the
UK.

Serp

gopijags wrote in
news:425663.1033016903@britishexpat-
s.com:


    > Is a Salary of 40,000 Pounds in the UK the same as CAD$80,000 in
    > Canada?
    > I mean will the standard of living be better in Toronto for 80,000
CAD
    > than for 40,000 Pounds in Midlands.
    > --
    > Posted via http://britishexpats.com
 
Old Sep 26th 2002, 12:44 am
  #4  
Mike Noirca
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Default Re: Salaries - UK Versus Canada

i would say from experience that if you get paid 40k pounds in the uk,
your salary in canada will be 40k in canadian dollars or a bit more.

however, your 40k in canada will go further and the cost of living
will be better than living on 40k pounds in the UK.

swings and roundabouts though, certain items will eat more into your
paycheck in canada.

relative pounds and dollar salaries, eating out it cheaper in canada,
so is public transport and rented accomodation. groceries will take
more % of your paycheck and so will a purchase of a new car, books,
magazines and electronics.

mn


gopijags wrote in message news:...
    > Is a Salary of 40,000 Pounds in the UK the same as CAD$80,000 in Canada?
    > I mean will the standard of living be better in Toronto for 80,000 CAD
    > than for 40,000 Pounds in Midlands.
 
Old Sep 26th 2002, 4:49 am
  #5  
Stuart Brook
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Default Re: Salaries - UK Versus Canada

gopijags wrote:
    > Is a Salary of 40,000 Pounds in the UK the same as CAD$80,000 in Canada?
    > I mean will the standard of living be better in Toronto for 80,000 CAD
    > than for 40,000 Pounds in Midlands.

In general the purchasing power of $80,000 in Canada is far greater than
40,000 pounds in the UK. Whether you turn that into a better standard
of living is up to you!
 
Old Sep 26th 2002, 10:12 pm
  #6  
Bodza Bodza
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Default Re: Salaries - UK Versus Canada

[email protected] (Bodza Bodza):

    > > Is a Salary of 40,000 Pounds in the UK the same as CAD$80,000 in Canada?

Those who are saying that $40K is the same as 40KGBP are being *far*
too optimistic.

You could support a family on 40KGBP in the UK.

There is no way you could support a family on $40K.
You have to be joking.
You get about what $2500 dollars per month?

These are about what I was paying in Toronto (I left end 2001)
$1200-$1500 month on rent for a three bedroom
$500 month on groceries
$300-$400 month on car payment
$200-$300 month on car insurance to start with
$50 month on telephone
$50 month on gasoline
$100 month on heating
$100 month on hydro (electricity)
$xx month on water.

You have *nothing* left.

Get real guys.

If all you do is travel then superficially you might think prices are
$1 = 1GBP

It aint true across the board.

I stand by my statement:
$80K is about the same standard of living as 40KGBP.
The *only* two things that are significantly better are that you get
*more* house and *more* car for your money. Nothing else.

I know what I'm talking about because I've just moved back to the UK.
A lot of confusion arises because Canadians look at prices here and
figure tax on top. Mistake. There is no tax on top, it's already
figured in.
So they artificially think it's $1 to 1GBP.

It's not even that.
Pricing here in the UK is more or less like that in the US (direct
translation one pound one US dollar) BUT as I said, there is no extra
sales tax on top so you are about 25% more than the US for most
things.

Again, as I said, with the exception of Cars and Housing.
But even there, housing in Toronto is similar in price to housing
elsewhere in the UK with the exception of London.
 
Old Sep 27th 2002, 7:41 am
  #7  
Waterships
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Default Re: Salaries - UK Versus Canada

my family live in London ON and I can tell you that £40k DOES equal $80k in
terms of needs to get the same standard of life. All I can say is that I
agree with the previous poster who said the only difference is that you get
a better house and car for the same money. General groceries are about 20%
more expensive than the UK. Unless you live on a bus route it is impossible
to get about without your own transport (extra costs again).

$40k is not enough to support a 'proper' family life to £40k standard -
meaning parents AND kids.

BJ

"gopijags" wrote in message
news:425663.1033016903@britishexpats-
.com
...
    > Is a Salary of 40,000 Pounds in the UK the same as CAD$80,000 in Canada?
    > I mean will the standard of living be better in Toronto for 80,000 CAD
    > than for 40,000 Pounds in Midlands.
    > --
    > Posted via http://britishexpats.com
 
Old Sep 27th 2002, 2:29 pm
  #8  
Jillion
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Posts: n/a
Default Re: Salaries - UK Versus Canada

[email protected] (Bodza Bodza) wrote in message news:...
    > [email protected] (Bodza Bodza):
    > > > Is a Salary of 40,000 Pounds in the UK the same as CAD$80,000 in Canada?
    > Those who are saying that $40K is the same as 40KGBP are being *far*
    > too optimistic.
    > You could support a family on 40KGBP in the UK.
    > There is no way you could support a family on $40K.
    > You have to be joking.
    > You get about what $2500 dollars per month?
    > These are about what I was paying in Toronto (I left end 2001)
    > $1200-$1500 month on rent for a three bedroom
    > $500 month on groceries
    > $300-$400 month on car payment
    > $200-$300 month on car insurance to start with
    > $50 month on telephone
    > $50 month on gasoline
    > $100 month on heating
    > $100 month on hydro (electricity)
    > $xx month on water.
    > You have *nothing* left.
    > Get real guys.
    > If all you do is travel then superficially you might think prices are
    > $1 = 1GBP
    > It aint true across the board.
    > I stand by my statement:
    > $80K is about the same standard of living as 40KGBP.
    > The *only* two things that are significantly better are that you get
    > *more* house and *more* car for your money. Nothing else.
    > I know what I'm talking about because I've just moved back to the UK.
    > A lot of confusion arises because Canadians look at prices here and
    > figure tax on top. Mistake. There is no tax on top, it's already
    > figured in.
    > So they artificially think it's $1 to 1GBP.
    > It's not even that.
    > Pricing here in the UK is more or less like that in the US (direct
    > translation one pound one US dollar) BUT as I said, there is no extra
    > sales tax on top so you are about 25% more than the US for most
    > things.
    > Again, as I said, with the exception of Cars and Housing.
    > But even there, housing in Toronto is similar in price to housing
    > elsewhere in the UK with the exception of London.

only two? what about laptop & hot deals!!!

http://f-
orums.anandtech.com/messageview.cfm?catid=40&threadid=880325


HP ZE1201 Laptop Athlon Xp 1400+, 14.1 XGA+, 128MB PC133 - $579 + tax
after (2) $100 rebates & Free Luggage @ Staples
don't forget to use ebates and get 2% back, not to mention u also get
free luggage, smoking hot!
now try to get that price in UK!!!!
 
Old Sep 28th 2002, 7:57 am
  #9  
Bodza Bodza
Guest
 
Posts: n/a
Default Re: Salaries - UK Versus Canada

"waterships" wrote:

    > $40k is not enough to support a 'proper' family life to £40k standard -
    > meaning parents AND kids.

So the consensus is that you need $80K to get approximately the same
standard of living that you could in the UK for 40KGBP.

Good. At least we are getting some realism here.

Your purchasing power is *much* better for houses and cars, otherwise
it's swings and roundabouts.

Don't think of a move to Canada as a move to "low cost high wage
paradise".

It's more like moving to a marginally less expensive city in the UK
than London where the weather is better, the shopping is better and
you can afford a bigger house and a bigger car.
That's about the size of it.
 
Old Sep 28th 2002, 8:01 am
  #10  
Adrian Stoica
Guest
 
Posts: n/a
Default Re: Salaries - UK Versus Canada

You can't really afford a three bedroom in a nice part of London, UK even on
40K. Don't forget that here salaries above 28K are taxed at 60%.


"Bodza Bodza" wrote in message
news:355bc975.0209270212-
[email protected]
...
    > [email protected] (Bodza Bodza):
    > > > Is a Salary of 40,000 Pounds in the UK the same as CAD$80,000 in
Canada?
    > Those who are saying that $40K is the same as 40KGBP are being *far*
    > too optimistic.
    > You could support a family on 40KGBP in the UK.
    > There is no way you could support a family on $40K.
    > You have to be joking.
    > You get about what $2500 dollars per month?
    > These are about what I was paying in Toronto (I left end 2001)
    > $1200-$1500 month on rent for a three bedroom
    > $500 month on groceries
    > $300-$400 month on car payment
    > $200-$300 month on car insurance to start with
    > $50 month on telephone
    > $50 month on gasoline
    > $100 month on heating
    > $100 month on hydro (electricity)
    > $xx month on water.
    > You have *nothing* left.
    > Get real guys.
    > If all you do is travel then superficially you might think prices are
    > $1 = 1GBP
    > It aint true across the board.
    > I stand by my statement:
    > $80K is about the same standard of living as 40KGBP.
    > The *only* two things that are significantly better are that you get
    > *more* house and *more* car for your money. Nothing else.
    > I know what I'm talking about because I've just moved back to the UK.
    > A lot of confusion arises because Canadians look at prices here and
    > figure tax on top. Mistake. There is no tax on top, it's already
    > figured in.
    > So they artificially think it's $1 to 1GBP.
    > It's not even that.
    > Pricing here in the UK is more or less like that in the US (direct
    > translation one pound one US dollar) BUT as I said, there is no extra
    > sales tax on top so you are about 25% more than the US for most
    > things.
    > Again, as I said, with the exception of Cars and Housing.
    > But even there, housing in Toronto is similar in price to housing
    > elsewhere in the UK with the exception of London.
 
Old Sep 28th 2002, 8:48 am
  #11  
Scott
Guest
 
Posts: n/a
Default Re: Salaries - UK Versus Canada

"Adrian Stoica" wrote in message
news:[email protected]
m
...
    > You can't really afford a three bedroom in a nice part of London, UK even
on
    > 40K. Don't forget that here salaries above 28K are taxed at 60%.

you lose 60% of whatever you earn over CAN $28k ?!?!?
S
 
Old Sep 28th 2002, 9:29 am
  #12  
Adrian Stoica
Guest
 
Posts: n/a
Default Re: Salaries - UK Versus Canada

Sorry, I meant 40%, and that's in the UK. It still is a lot, and it means
that living on £ 40K is not as comfortable as it may seem, especially in a
rip-off place like London.

Adrian

"scott" wrote in message
news:[email protected]
k
...
    > "Adrian Stoica" wrote in message
    > news:[email protected]
    > om
    ...
    > > You can't really afford a three bedroom in a nice part of London, UK
even
    > on
    > > 40K. Don't forget that here salaries above 28K are taxed at 60%.
    > you lose 60% of whatever you earn over CAN $28k ?!?!?
    > S
 
Old Sep 28th 2002, 9:47 am
  #13  
Jaj
Guest
 
Posts: n/a
Default Re: Salaries - UK Versus Canada

    >On Sat, 28 Sep 2002 20:01:53 +0000 (UTC), "Adrian Stoica" wrote:

    >You can't really afford a three bedroom in a nice part of London, UK even on
    >40K. Don't forget that here salaries above 28K are taxed at 60%.

Top UK tak rate kicks in at about GBP34k and is 40%, not 60%.

http://www.inlandrevenue.gov.uk


Jeremy
 
Old Sep 28th 2002, 10:15 am
  #14  
Stuart Brook
Guest
 
Posts: n/a
Default Re: Salaries - UK Versus Canada

Bodza Bodza wrote:

    > Your purchasing power is *much* better for houses and cars, otherwise
    > it's swings and roundabouts.
    > Don't think of a move to Canada as a move to "low cost high wage
    > paradise".

You know, if I took my salary to England and convert to UK Pounds, I
couldn't afford to live there in the same kind of lifestyle!

I was in England this summer for 2 weeks. Trips to Sainsbury's and
Tesco's would part with at least 30-50% more for *the kind of foods we
would eat at home in Canada*. If I were to change to a beans on toast,
eggs and bacon lifestyle, then yes, my bills would go down. Bananas 49p
per pound vs 57c in Ottawa. Apples 79p per pound vs $1.09 in Ottawa.
The list goes on and on. Bread was similar price. Tinned beans and
spaghetti were cheaper ... but that's about it.

A trip to Starbucks here costs about $3.50 for a grande cappuccino, vs
3.69 POUNDS in Guildford.

Electricity is about 9p per kwhr there and around 8 c per kw/hr in
Ottawa.


I really don't buy that the UK is similar cost of living to Canada.
 
Old Sep 28th 2002, 11:54 am
  #15  
Stephen C. Gallagher
Guest
 
Posts: n/a
Default Re: Salaries - UK Versus Canada

"JAJ" wrote in message
news:[email protected]
c.net.au
...
    > >On Sat, 28 Sep 2002 20:01:53 +0000 (UTC), "Adrian Stoica"
wrote:
    > >You can't really afford a three bedroom in a nice part of London, UK even
on
    > >40K. Don't forget that here salaries above 28K are taxed at 60%.
    > >
    > Top UK tak rate kicks in at about GBP34k and is 40%, not 60%.

Is that the marginal tax rate, meaning that everything over
that amount is taxed at 40%, but the earnings up to GBP34K
are taxed at a lower rate?
 

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