Salary Adjustment...
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- superbaka0
ive been in situations where i work OT, get bumped up to the next highest income bracket (withholdings are calculated weekly), and actually take home less than the week where i worked less hours. rare, but it can happen that way. of course, in april it evens out.
- uhohseangettio0
i am 25% native nick. and i make more then you.
- frankosonik0
Move to the US, incorporate, pay yourself a small salary and expense everything else.
A lot more paper work, but it seems to give you more control over "government spending."
- murmur0
Just a side note. Canada does not have, nor has it ever had "Free Health Care" You pay on a sliding scale based on your income. If your income falls under a certain amount.. $16,700 per year you pay nothing and receive the same level of care as if you earned $100,000 an year and paid $150 a month on health care.
- nick0
derek im curious, how do you not pay income tax?
unless of course you don't make any money... which then makes sense..
- yurimon0
off shore banking is best in this case.
- mogwai0
like its any better here in the US?
- GeorgiePorgie0
come to USA
- mogwai0
it sucks, i'm sorry.
my wife and i are still paying off the loan we took out to pay taxes last year, at least we can write off the interest on that loan?
its screwed.
two salary married couples get hit the hardest.
- propa0
I am Canadian!
But I'm working in LA well because the opportunity is here.
But one day I too will return to the mothership.
- e-pill0
all that money you just received goes and pays for your ahem - 'free healthcare'
- k0na_an0k0
that is why canada sux
- propa0
It effectively can happen depending on your tax bracket.
first $35,595 first 16%
over $35,595 up to $71,190 22%
over $71,190 up to $115,739 26%
over $115,739 29%so if you make 34,500 after tax you make 28,980
so just say you get a raise to 37,000 after tax you make 28,860
Now this is a pretty low raise but it kinda could happen.
- desmo0
what happend was,
i moved up on the tax bracket. thats how i lost out.
i still get maybe 10% of the raise.
yay!
- grafholic0
heh that happened to me once.
sucks when the small raise you finally receive makes no difference in the actual amount in your bank account.
- Luckypp0
Actually it is IMpossible even with tax brackets and National Healthcare, as they take a percentage, and regardless you would still recieve some extra cash.
- derek20050
canada is fucked with that.
lucky i dont pay income tax woo!
- warheros0
actually it is possible if it's less than 30%. which is what the gov't takes from you.
- k0na_an0k0
thats impossible. unless when you worked there on your tax info you filled it out so the chunk of your check goes there so thta at the end of the year you can get more back, evne then, not 100% of it should go to taxes.
i think either your boss is fucking you or you just can't read.
- tkmeister0
maybe he went one up on the tax bracket, that can screw up.