Re:Show HN: Income/savings calculator for moving to Canada
by alloai on Monday July 13, 2020 @03:44PM
(#23824807)
For first year, you can not take rrsp contributions.
And starting the second year, rrsp contribution room is 18% of your previous year salary. for 100 000 salary, you can only contribute 18 000 (maximum is about 22000 something).
Want to know if you have source code, I can help to contribute the calculations. I've accounting background studying react and python right now.
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Re:Show HN: Income/savings calculator for moving to Canada
by senecaso on Monday July 13, 2020 @03:51PM
(#23824881)
Oh, nice, thanks! Its in a private repo right now, but I can probably make it public since there isnt anything I need to protect in there.
I'm guessing most users going into tech would likely make at least $150k/yr, so they would be eligible to make the max contribution for the year. Good point about the 100k default base salary though. I didnt realize it was min(18% prev yrs salary, $27230.00), thats good to know, thanks!