How much would you pay for it?

Comparing pay check to pay cheque. How much money is deducted from your pay check in Canada compared to USA?

  • Example : If I made $500.00 per week in Canada how much goes for taxes, insurance healthcare etc. People say that you pay more taxes in Canada because of the healthcare system. I wonder if that is true? Disregard the exchange rate, we'll not consider that being much different. I know here in the USA you can expect to pay nearly 20-25% of your check in taxes. Then you have to pay for deductables and co-insurance and then the insurance co. still only pays up to 80% if your lucky after you pay an out of pocket amount of $1000.00 to $2500.00 depending on what insurance co. and plan you have. Please let me know as much detail as possible. Thanks

  • Answer:

    Actually CRA has a calculator, but you should know that each province has a different rate of provincial tax. Here is the caculator: http://www.cra-arc.gc.ca/eservices/tax/business/pdoc-e.html I would suspect that each state also has its own rate of tax, so it might not be that easy to make a comparison.

chuck b at Yahoo! Answers Visit the source

Was this solution helpful to you?

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.