Only asking so I am mentally and financially prepared. Any of you have ideas on what the take home difference would be between Canada and USA?
It depends on the position , location and the company. Be prepared for 25%-50% cut - Canadian equivalency.Only asking so I am mentally and financially prepared. Any of you have ideas on what the take home difference would be between Canada and USA?
+1 on consulting route. When setup right, you could end up making more by optimizing taxes.It depends on the position , location and the company. Be prepared for 25%-50% cut - Canadian equivalency.
Someone mentioned that if they can do consulting then you can get equivalent money(or even more) here itself hence it also again depends if its consulting/fulltime.
But is tax really 40%? I tried doing something online with my research - took average tax, RRSP, rent, etc. and barely able to save anything even with $80k salary - what would be a recommended salary if say I am to settle in Toronto Downtown (Rent of $2k)?+1 on consulting route. When setup right, you could end up making more by optimizing taxes.
Dude, all this info about taxes is online. Just google <Province name> take home pay.But is tax really 40%? I tried doing something online with my research - took average tax, RRSP, rent, etc. and barely able to save anything even with $80k salary - what would be a recommended salary if say I am to settle in Toronto Downtown (Rent of $2k)?
If you are skilled (can do leetcode medium whiteboard problems), there are now many US based remote roles available in Canada for US salary.Only asking so I am mentally and financially prepared. Any of you have ideas on what the take home difference would be between Canada and USA?
If you are trying to save money, in a single income household, I would recommend going with cheaper rent than 2K, which is currently attainable due to the pandemic forcing a lot of tenants to move away from downtown and leaving a lot of rentals empty.But is tax really 40%? I tried doing something online with my research - took average tax, RRSP, rent, etc. and barely able to save anything even with $80k salary - what would be a recommended salary if say I am to settle in Toronto Downtown (Rent of $2k)?
Check it out for yourself. https://turbotax.intuit.ca/tax-resources/canada-income-tax-calculator.jspBut is tax really 40%? I tried doing something online with my research - took average tax, RRSP, rent, etc. and barely able to save anything even with $80k salary - what would be a recommended salary if say I am to settle in Toronto Downtown (Rent of $2k)?
Which companies you would suggest that have a good work life balance and better pay?If you are skilled (can do leetcode medium whiteboard problems), there are now many US based remote roles available in Canada for US salary.
If you are EVVVC type consultant, then it will be tough.
Can you please let me know, what are all the companies that are actually allowing remote to work from Canada with US pay. I tried looking it up online but couldn't find a reliable source.If you are skilled (can do leetcode medium whiteboard problems), there are now many US based remote roles available in Canada for US salary.
If you are EVVVC type consultant, then it will be tough.
What's the nature of work? Please let me know. I would like to do some freelancing as well.I calculated few things. My salary in the US is 130K and the same job pays $80 K in Canada. So I will be losing $50 K upfront. But one advantage in Canada is you can do multiple jobs. My kind of work is paid well in platforms like Upwork. In that way, if I spend 10 hours a week, I can make $30 K in a year (Not sure if freelancing is taxable). Also, my wife was unable to work in the US. She is equally qualified as I and she may get paid $50 k for a starter job. So overall, I feel that I will be financially stable and will have no thoughts on immigration ever. I want that peace of mind.
Join BLIND app. Lots of info there.Can you please let me know, what are all the companies that are actually allowing remote to work from Canada with US pay. I tried looking it up online but couldn't find a reliable source.
Thanks,
Rohit
Search for jobs in LinkedIN with location = RemoteCan you please let me know, what are all the companies that are actually allowing remote to work from Canada with US pay. I tried looking it up online but couldn't find a reliable source.
Thanks,
Rohit