This gems warrants a new segment…
I’m currently contemplating some job offers, a couple in the U.S. and one in Canada. There are a great many factors that are being considered in my decision but sometimes it helps to just look at the numbers.
The job in Canada pays more, but there’s the potential the level of tax here would decimate any pay gains. To discover what the actual difference in take home pay would be between the U.S. jobs vs. Canadian job, I Google for a paycheck calculator.
I enter the Canadian salary and the percentage of tax I would be paying, 35%…the program REJECTS the tax rate. It says “taxes must be under 20%.”
I re-Google, this time looking for a Canadian-specific paycheque calculator, and it turns out I’d still be coming out ahead in my homeland. It helps that the Canadian dollar is at a 30 year high and is expected to hit parity with the U.S. dollar by the end of the year.
God Bless Google.