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Why Moving to Canada Might Be the Worst Decision You Make - Part 2
This video explains the taxes and deductions that come off of a Canadian pay check. It explains the different tax brackets and goes over 6 examples of the gross vs net pay for 6 different salaries. I use a fictitious example of a girl moving from El Salvador to Canada and the amount of salary that she will need to make to survive in Canada. I also go through my own salary and how it was hard to make ends meet in Canada even with a large salary.
I also go through 3 government bills that they were trying to and have passed that make life unbearable to live in Canada. This is part 2 in my series.
0:00 Introduction
0:56Canadian Taxes explained
01:28 Federal Tax Rates
01:54 Provincial Tax rates (Ontario)
02:24 Introduce Juanita Lopez
03:58 CPP and EI
05:51 Making $20k salary
09:08 Making $40k salary
12:25 Making $60k salary
15:39 Making $80k salary
18:15 Making $100k salary
20:20 Making $115k salary
23:11 Conclusion
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