chobit

I guess it's still far too low la!  The tax bracket to pay 0% rate income tax for 2009 was $10382 or less = $4.96/hr tax free(Base on 40hrs/52weeks).  The next bracket is at 15%.

Therefore, $8x40x52=16640, $5258 taxable income at 15%

Total net income base on $8- before CPP, or any other tax credit = $14851.3

Effective tax rate is approx 12% or averaging $7.14/hr in HK$ (rate of $7.3) that's = $52/hr

Hope that helps.

Ref:
http://en.wikipedia.org/wiki/Income_taxes_in_Canada
http://canadaonline.about.com/library/bl/blminwage.htm

You moron, Canadian has to pay income tax, gst, pst, hst, fuel tax, property tax, tips.
mukmuk2 發表於 2010-5-20 12:33

chobit

I wouldn't add in fuel tax or property tax, since It's not quite possible to save up your own money with such low income at $8- to own your own house, and public transit is very decent for Vancouverese these days...!

You moron, Canadian has to pay income tax, gst, pst, hst, fuel tax, property tax, tips.
mukmuk2 發表於 2010-5-20 12:33