RE: Elections are always magnets to tax cuts discussions
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Don't get me started, taxes aren't 35% here, they're far higher. The top tier of income tax is 48% in Alberta, in some parts of Canada it is over 52%. Then they take 1.64% off you paycheck for Employment Insurance, which is ridiculous that you can't opt out or get the money back if you don't claim it after x years. Then they take CPP off your paycheck which is 5.95%, sure you get that back when you retire but if you die at 65 you certainly don't.
Then they take 5 to 15% sales tax when you buy something and they take a certain value of your property in tax every year, then they add extra taxes to gasoline, energy, water delivery and other things that are essential to life. There are import taxes, customs duties, user fees for things like going for a walk in the national park.
There are taxes on things like capital gains, when the corporation itself pays taxes, this is double taxation, they also tax dividends, which is also double taxation. They tax the interest you get from saving your money. Tax Tax Tax! It is by far my biggest expense and I have a mortgage!
All this tax and the government still can't balance the budget. They're thieving scum.
Third edit I forgot some. They also tax your estate with something called a probate fee, its on top of the capital gains and forced winddown of retirement savings and retained earnings, in some places it's 1.5% of your net worth and they say there is no inheritance tax (they're full of shit) then they also tax you if you transfer your property in some provinces, that is another 1 to 1.5% depending where you live. There are taxes on hotel rooms and alcohol. Environmental disposal fees added on to bottles and paint cans plus they charge you to carry them away as we pay for garbage. Free healthcare? Maybe basic stuff but if you don't want to wait 6 months for something or you want a private room, or a ride to the hospital, or drugs to fix your issue, or an appointment with an eye doctor because you can't see or you want to get a proactive test and you don't have permission from the doctor, none of that is free.
35% was on my first sallary in NB 😬
I was waiting for your comment in here hahaha!
I think the last sentence brings what the problem is… bad administration of resources… they spend too much in things that it shouldnt … I know that calgary doesnt have much problems in finding family doctors but here is a tragedy! But like i said I still think that the government do better here than in many places around the globe!
35% because you didn't earn much which is still a lot for an immigrant who was probably not very experienced in Canada and starting out a career.
They have too many civil servants doing absolutely nothing and they piss money away. Sometimes if you're a refugee with kids it doesn't even make sense to work if you are making less than 80k a year because the free money is just as good after the taxes plus you can work under the table for cash.