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A nice little heads up on the Canadian tax system...
Your total income tax is calculated based on the province you reside in on the 31st of December. When moving from a province with low tax (BC, Ont, etc) to a province with high tax (such as Nova Scotia) you will be expected to pay annual income tax as though you resided in that province for the entire year. When I moved from BC to NS I ended up indebted to the NS gov't for over 3k. Best start saving now to avoid surprises.
Ouch! That would be awful! Thanks for the heads up. I'm moving from overseas however, so I don't think it will apply for me - from what i've read, i only pay tax on income earned while i'm resident in canada.
I guess tax is the same whichever country you live in - if the taxman can find a way to squeeze an extra few $$ out of you, he will!
dvsbec
55 Posts
Hi all,
I am soon to be relocating to Nova Scotia, and was wondering if any nurses already working there would be able to help me. For someone working in a hospital full time, roughly how much of your pay is lost to tax?
If someone is able to give me a rough idea what the take home pay for a hospital nurse on year 5 salary level would be, I would be very appreciative!
I'm trying to work out our budget for accommodation etc, and while I know what my hourly rate will be, I've been given various ideas of tax amounts from around 25% - 55%!
Which obviously will have a huge impact on my take home pay, especially if its closer to the higher end than lower!
Many thanks
Bec