How the Canadian Tech Scene Encourages Finite Gameplay

Re:How the Canadian Tech Scene Encourages Finite Gameplay by AzzieElbab on Tuesday January 12, 2021 @04:09AM (#25744202)

Doesn’t Canadian tax system make higher salaries kind of pointless? Same with bonuses

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Re:How the Canadian Tech Scene Encourages Finite Gameplay by novok on Tuesday January 12, 2021 @06:31AM (#25745454)

Tax in BC is about the same as California. And you don't have to pay for people's healthcare, so it might be cheaper from a 'total cost' perspective.

Sales tax is a few % points more, property tax is actually less in general for new buyers unless you've owned a place for +15 years in CA.

You don't get a mortgage interest tax deduction, but you have an UNLIMITED cap gains exemption on the house you live in that you sell in Canada, while the USA has a limit.

The tax system is overall more straightforward and not a pile of fade outs and patches like the US tax system is. Compare Canadian RRSPs & TFSAs to the entire 401k, IRA, Roth IRA, mega backdoor roth 401k, etc mess that they have in the US. There isn't a penalty to withdrawing from your RRSP so there really isn't much of a loan concept for them either. I don't think something like AMT exists in Canada.

Cost of goods in Canada are overall more expensive than the USA.

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Re:How the Canadian Tech Scene Encourages Finite Gameplay by raverbashing on Tuesday January 12, 2021 @05:20AM (#25744779)

Do you think Californians or NYkers pay that much less tax?

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