Can anyone help me doing some maths

I have a scenario of two immigrants and need some help in working out the net earnings of these two individuals:

Scenario 1

Ram, an engineer from India came to Canada, found the labour market not too well, decided to get into labour job. He is making around $12 per hour and working 55 hours a week. He has a baby and he is getting child subsidy and child tax benefit from Canadian government. He didn’t invest any money in education or improving his skills.He put 15K that he bought in as settlement fund towards down payment for a condominium.


Scenario 2

Shyam, an accountant came from India to Canada. Decided to CGA to his CA designation, spent around 8K for his studies, got a job as an accountant with a local company, making 45K per year. He is not expecting too much increase in his salary for the next year, He has a baby, but, he is not getting much child tax benefit and subsidy as his income is above the limits set by the governemt. He spent 8K out of the 15K he brought in as settlement fund for his education.

Can we workout the net money Ram and Shyam make in one year? Assuming wives don’t work.

I have a positive feeling that this could be an eye opener for any prospective immigrant

Timon

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"The grass is not, in fact, always greener on the other side of the fence. Fences have nothing to do with it. The grass is greenest where it is watered. When crossing over fences, carry water with you and tend the grass wherever you may be"

Where is the problem? The benefit of education is in the longer term. The math will certainly work in favour of the person who got the higher paying job as a result of his education. I am sorry but I don't see what you are trying to prove.

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wisernow

There is too much taxes as your income grow and less benifits.

People who has planning to take lay off after six months has work in two shift for next six month then take lay-off. so, they will have same amount on EI what they earned in single sift.

Husband and wife working in labor has more net income then working single person on his field job is also true.

There is no much differences in point of earning after upgrading Canadian education except 10% cases. (because of taxes and less benifits)

15 % (GST+HST) is really unreasonable even after that nothing is free from Government. You have to pay car parking $1 for every half hr in front gate of Emergency section of Hospital then what u expect more?

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Kap

THIS govt. is using immigrants like Slaves...

Work hard and pay everything in taxes/rent and insurances.....

Main reason of canadian economy not picking up is also there is less buying power here compared to US...

I guess Govt. will have to modify their tax structure in coming years to increase the buying power of people and keep economy moving...

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Do or Die.....