Taxes in Canada???????

[cchabert]

Yeah, get married and have kids. That's how you work around

I will have 3 kids if I don't have to pay any taxes............

I already have 2 need one more..LOL!

 

[chow]

In most case the kids cost you more than the taxes which is the reason for the tax discount in the first place

In Europe for first kid the gov pay some, for second kid they double and for third kid around 4 times to the first kid. Is there any thing like that.
If that is the case I may have atleast a dozen kids and I will stop working and take care of them and make sure they will be good Canadian citizens(1 scientist, 1 politician, 1 actor, 1 actress, 1 business man, and 1 social worker......LOL............

I wanted to be one in above categories..but not lucky and no fate..atleast my kids

 

[Leon]

Yeah, or it's also possible that your dozen kids would have a dozen kids each and all live on child benefits

Actually, it's not really like that in Canada. You don't get too much extra money for having kids. You just pay a bit less in taxes. You still have to make the money to pay (or not pay) taxes off. I think the European system is nicer. The single people can afford to pay a bit more in taxes, they still have a lot left over. The people with kids need it more.

 

[ingegarcia]

I've seen many jobs in Alberta and other places in Canada where the companies offer salary + cost of living allowance (COLA) which is around 12K per year... Do you happen to know if COLA is taxable? is it paid per year, monthly, etc...

Thanks

 

[Albertagoverner]

I've seen many jobs in Alberta and other places in Canada where the companies offer salary + cost of living allowance (COLA) which is around 12K per year... Do you happen to know if COLA is taxable? is it paid per year, monthly, etc...

Thanks

Even it is taxable it is great because once you have government to give you rights, healthcare and security.

 

[Leon]

I think you'd have to ask the employer. I looked on the CRA website and couldn't find anything on it. I would assume it's taxable though as it's a part of your salary.

 

[ingegarcia]

Thank you guys for your reply!

 

[gauravbt]

• Looking at the tax structure in Canada,it doesnt seem to be a major difference from USA.Although it surely is different from countries like India,where you can save taxes by investing in variety of things,but people from USA wont find it difficult to settle here as far as taxes and facilities are concerned.
  The Gas prices seems much higher in Canada than in US.
  The wages in canada seems to be 20% less than what we get in US.

My above assumptions are based on the posts in various forums.If anybody else can commend

 

[charninder]

Yeah, or it's also possible that your dozen kids would have a dozen kids each and all live on child benefits

Actually, it's not really like that in Canada. You don't get too much extra money for having kids. You just pay a bit less in taxes. You still have to make the money to pay (or not pay) taxes off. I think the European system is nicer. The single people can afford to pay a bit more in taxes, they still have a lot left over. The people with kids need it more.

Hi,

What is the criteria / conditions for getting state grants for kids?

Plz share.

Thanks.