Originally Posted by rwin

If you make 130K, you spend 130K and wonder how anyone can get by on 100K.

Originally Posted by fledermaus

The more you have the more you spend. I've worked with doctors who earned the same in a week as I earned in a month, they were always complaining about being poor.

It's all relative.

Originally Posted by fledermaus

The more you have the more you spend. I've worked with doctors who earned the same in a week as I earned in a month, they were always complaining about being poor.

It's all relative.

Originally Posted by wbexpat

and then you kicked them square in the pips, right?

Originally Posted by gryphea

...Yes this family can definately live very comfortably on $130K per year, of course they can, to suggest otherwise would be ridiculous. BUT they won't be swimming in an endless sea of cash...

Originally Posted by BristolUK

We would be. It's hard to imagine what we'd spend the extra $112k on. Any suggestions?

Originally Posted by fledermaus

gin

Originally Posted by fledermaus

Moi?

Don't get me started, it's not wise, really not wise

Originally Posted by wbexpat

sorry i didnt mean that as an attack against you.

i sometimes speculate how funny it would be to do something outrageous during polite conversation.

for example when someone with pots of cash is complaing how poor he is because he can only afford to go on 3 caribbean holidays this year instead of the customary four i fantasise about saying: "you poor thing. have a lie down" then giving them a mighty kick in the nads to illustrate how their problems really could be a whole lot worse.

but of course thats just me.

Originally Posted by gryphea

I repeat

IainK said lifestyle was immaterial on that wage. I disagree and I don't think I'm wrong.


Ski pass is just one expense of skiing. If you are into it, there is equipment, if not rental equipment. I want a new pair of mid-fats- they are around $1K. Unfortunately I am not going to get my new pair of mid fats as guess what we can't afford them. Kids with helmets, gear to keep warm , skis, boots - all costs quite a bit. Kids lessons etc. Throw in a few trips elsewhere a year, eg Fernie etc and it all adds up -believe me. For a family of five you need a two bed condo at quite a lot of money per night etc.

I never ever said this lady and her family couldn't have a good lifestyle on $130K per year- I said lifestyle wasn't immaterial.

At $130K this family will pay high taxes and get none of the family tax breaks that other people get. Yes this family can definately live very comfortably on $130K per year, of course they can, to suggest otherwise would be ridiculous. BUT they won't be swimming in an endless sea of cash as everyone seems to think they will. Their income is nowhere near enough to live in Elbow Park etc.

Gryph

Originally Posted by dboy

I think we are insulting the intelligence of the OP. I'm sure the question of 130, 000 K was a relative question as to it's purchasing power in Calgary or Vancouver, not knowing what to expect. I don't think we need to go on about there are limits to what it will buy.

130,000 is only just in the highest tax bracket (over 126,000) and the overall taxes would be around 30 percent with both federal and provincial taxes and basic exemption. Or around 7500 after taxes per calender month. This could be lowered considerably with an RRSP contribution. This calculation is based on a single earner. 7500 would afford a nice life, even in Vancouver with a skiing fetish.

130,000 would be in the top 5 percent of wage earners in canada:

http://www.ctv.ca/servlet/ArticleNew..._name=&no_ads=

Originally Posted by wbexpat

sorry i didnt mean that as an attack against you.

i sometimes speculate how funny it would be to do something outrageous during polite conversation.

for example when someone with pots of cash is complaing how poor he is because he can only afford to go on 3 caribbean holidays this year instead of the customary four i fantasise about saying: "you poor thing. have a lie down" then giving them a mighty kick in the nads to illustrate how their problems really could be a whole lot worse.

but of course thats just me.

Originally Posted by BristolUK

We would be. It's hard to imagine what we'd spend the extra $112k on. Any suggestions?

Originally Posted by hollyanne

My Husband has been offered a job in Calgary or Vancouver, Just wondering if $130k is a good wage and if it is enough to have a reasonable lifestyle?

And does anyone know roughly how much tax you would pay on this per month?

Thanks.

Originally Posted by BristolUK

Would it run to the tonic too?