how much is enough?is 70 k enough to lead life in toronto?
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Hi,
I have been offered a job in IT sector in Toronto for about 70 K. I have abt 5yr s of experience in code developement. I am currently working in uSA.
How much will i get in hand after tax cuts?
What i would like to know is it sthg which an avg IT person with 5 yrs will get in Canada?
will it be enough to lead a comfortable life in toronto without pinching pennies? There is this thought in my mind that i am being too greedy but then other thought feels if i am staying away from home(india) then i better get a good deal.
Thanks for your inputs
Quote:
Originally posted by newbee10
There is this thought in my mind that i am being too greedy but then other thought feels if i am staying away from home(india) then i better get a good deal.
Then why not go back to India - you will stop feeling that you are greedy as well as save yourself the trouble of trying to get a good deal because you obliged your employer by leaving your home!
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Chandresh
Advice is free – lessons I charge for!!
Location: Amidst a glow in the sky.
Posted on: 24-09-10 11:36:41
Try this link, it gives a good estimate
http://www.walterharder.ca/Take%20Home%20Pay%20Calculator.asp
~ 51.6k estimated take home pay for 70k. You can take home a bit more if you are married and have kids.
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Quote:
Originally posted by newbee10
will it be enough to lead a comfortable life in toronto without pinching pennies?
No it is not. Here is the link that gives the average income of canadians and they are comfortable.
http://www40.statcan.ca/l01/cst01/famil21a-eng.htm
You are asking wrong question to wrong group..First get the answer from most important person....yourself.
Quote:
Originally posted by G13
Try this link, it gives a good estimate
http://www.walterharder.ca/Take%20Home%20Pay%20Calculator.asp
~ 51.6k estimated take home pay for 70k. You can take home a bit more if you are married and have kids.
Did you mention about HST? Insurance, cell phone, tax on breathing free air, etc..rip-offs?
100K
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You know you are a desi when ........ You spew forth the virtues of India, but don't want to live there...............You've never had a tanning salon membership
Location: Amidst a glow in the sky.
Posted on: 24-09-10 12:28:14
Quote:
Originally posted by manserwadekar
Quote:
Originally posted by G13
Try this link, it gives a good estimate
http://www.walterharder.ca/Take%20Home%20Pay%20Calculator.asp
~ 51.6k estimated take home pay for 70k. You can take home a bit more if you are married and have kids.
Did you mention about HST? Insurance, cell phone, tax on breathing free air, etc..rip-offs?
No. The OP was looking for deductions and taxes on income. But yes I understand what you are saying, I agree Canada is no way competitive with US.-----------------------------------------------------------------
No trees were killed by this post, but a large number of electrons were terribly inconvenienced.
__________________________________
George Malley: Hey, would you, uh, love me the rest of my life?
Lace Pennamin: No. I'm gonna love you for the rest of mine.
__________________________________
None of us knows God until someone introduces us - Life of Pi
