Gross salary - Net salary


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Inaam   
Member since: Oct 06
Posts: 9
Location:

Post ID: #PID Posted on: 05-12-07 02:38:31

I have worked out my expenses that will be 2800 per month & yearly (12*2800) 33600.

Please let me know how much total salary is needed to obtain net 2800 per month on hand. I.e. after deducting all the Tax (TAX, CPP, EI, etc...)

Please assist & thank you in advance.



G13   
Member since: Jul 06
Posts: 602
Location: Amidst a glow in the sky.

Post ID: #PID Posted on: 05-12-07 07:04:45

if you are single, you need to make 44350 CAD taxable income per year to take home 33600 CAD (in Ontario)

Further breakdown:

Annual

Gross Pay 44350
Income Tax 8034
CPP 1989
EI 720
Take Home Pay 33605


Source:

http://www.walterharder.ca/Take%20Home%20Pay%20Calculator.html




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Inaam   
Member since: Oct 06
Posts: 9
Location:

Post ID: #PID Posted on: 05-12-07 23:51:06

G13 - Thank you very much, God Bless you, thank you again.
Best Regards





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