33 sats \ 1 reply \ @TomK 10 Aug
https://m.stacker.news/45011
Trudeau's work!
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47 sats \ 0 replies \ @Undisciplined OP 10 Aug
Oh wow. That's downright European.
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86 sats \ 0 replies \ @Coinsreporter 10 Aug
The prices for clothes are even falling down slightly! It's a great surprise as I know that Canadian people mostly wear branded clothes. So, when I look at the prices foor branded clothes in India, I can see that their prices haven't risen too much much over the last 20 years for sure. I think the most probable reason is a rise in competition in the sector.
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38 sats \ 0 replies \ @Akg10s33 10 Aug
I also saw a video on that same topic... where they made reference to the percentage of difference between what they pay in taxes and what a Canadian citizen can spend on food or clothing... and the difference is quite a bit... I imagine and I hope it is So it has its benefits and is not like in other countries where you even pay for the air you breathe and the services to citizens are of no use... I live in Peru and it is a clear example of that and even more so if you are a migrant like me you pay a lot further!!
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36 sats \ 5 replies \ @grayruby 10 Aug
I have a good strategy for avoiding high taxes in Canada. Don’t have an income!
Boom. Take that Trudeau.
And that’s precisely what excessive taxation incentivizes. Fortunately for Trudeau he has made the cost of housing, food and energy also skyrocket so very few people can utilize my strategy and survive.
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50 sats \ 4 replies \ @Undisciplined OP 10 Aug
That's an utterly brilliant strategy. I'm still trying to figure out how to pull it off.
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30 sats \ 3 replies \ @grayruby 10 Aug
I do actually have some income. I still get some commissions from the business I sold for a couple accounts I helped to bring in and managed after we finalized the sale. It's just not enough to meet the minimum income threshold to pay income taxes.
This is not my game, but some people play it, if you are shrewd enough you can probably earn 40k-50k as a household (dual earner) through a business where you can write a bunch of stuff off and still get under the dual earner threshold for income tax (around 27k) and qualify for a bunch of low income earner benefits for the government, especially if you have kids. You could feasibly between your salaries and benefits earn up to 70k as a household without paying any tax. But if you are an individual earner with no kids and only employment income you would pay around 17k in taxes on 70k.
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50 sats \ 2 replies \ @Undisciplined OP 10 Aug
Plus some off-book income, allegedly.
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23 sats \ 1 reply \ @grayruby 10 Aug
Yes a lot of people in Canada love working for cash. I used to get requests for cash all the time in my business.
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56 sats \ 0 replies \ @Satosora 10 Aug
People in the US also like working with cash, especially people that dont want to pay taxes.
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36 sats \ 0 replies \ @carloschida 10 Aug
How could a country like Canada with a myriad of natural resources and good people get itself into this mess?
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34 sats \ 0 replies \ @TheBTCManual 10 Aug
oef! The lesson of government freebies not being free on display
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30 sats \ 0 replies \ @TomK 10 Aug
Canada could very well be a member of the European Union with these figures!
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28 sats \ 4 replies \ @Satosora 10 Aug
Everything has gone up.
But taxes have gone up so much since the 70s.
Y2K has been bad in general.
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20 sats \ 3 replies \ @Undisciplined OP 10 Aug
You have to wonder how much those other things would have gone up, if not for the taxes on those producers.
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40 sats \ 2 replies \ @Satosora 10 Aug
Im surprised cloths hasnt gone up much.
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20 sats \ 1 reply \ @Undisciplined OP 10 Aug
My hunch is that it's because that industry relies so heavily on imports from poor countries.
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40 sats \ 0 replies \ @Satosora 10 Aug
Probably right.
Im just surprised taxes went up so much.
Must be because the national healthcare.
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35 sats \ 1 reply \ @SatsMate 10 Aug
The question is, if you are a young buck in Canada right now, what is keeping you there? You can have a better quality of life pretty much anywhere in central/south america or southeast asia?
The one thing I do agree with is family - it is definitely hard to leave family behind.
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21 sats \ 0 replies \ @Undisciplined OP 10 Aug
For the most part, Canadians can just move a few miles south and greatly improve their quality of life.
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33 sats \ 0 replies \ @riberet19 10 Aug
An armed robbery, they seem to be taxes from southern Europe
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21 sats \ 0 replies \ @didiplaywell 10 Aug
And so it begins...
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0 sats \ 0 replies \ @IamSINGLE 10 Aug
WTF! Almost 50k in taxes!! How are Canadians even coping with this? Do you guys get salaries in 100k plus column?
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5 sats \ 2 replies \ @160ed04091 10 Aug
i believe is because Canada has a progressive tax system, which means higher earners pay a larger percentage of their income in taxes.
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21 sats \ 0 replies \ @justanumber 11 Aug
same in many western countries. It's to punish people for having the audacity of bettering themselves
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0 sats \ 0 replies \ @Satosora 10 Aug
I think the US has a similar system.
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