It won’t be a complete picture without comparing Canadian second largest airliner WestJet with Air Canada. Bear in mind, though, WestJet operates mainly in North America whereas Air Canada operates globally. However, WestJet may one day expand its operation to worldwide. ** The total amount of remuneration received by the Corporation’s five highest paid...
Air Canada always seems to have labour disputes from time to time. The government sometimes even needs to intervene the disputes and/or labour strikes, or give financial supports. This is very frustrating. It costs taxpayers money for the government to deal with Air Canada issue. It also annoys traverlers. So, I decide to find...
This is the latest statistics for average individual Canadian income, including overtime pays. The stats also indicates the types of industries with higher income earning potentials. Top three provinces with highest individual incomes are Ontario, Alberta, and Saskatchewan. Canadian Individual Income – July 2010 This is for individual income or a household of one...
A recent report indicates Canadian families are now pyaing more in taxes than for food, clothing and shelter combined!!! In 2010, a family with an average income of $72,400 spent about 41% of its income on taxes ($29,913), while spending 34% on the necessities of life. Taxes include those paid to municipal, provincial and...
Not as much as you think!! Prince William: $61,388 (Helicopter Pilot of Search and Rescue of Royal Air Force as a flight lieutenant). His salary is around 44,000 British pounds. Prince Harry: $60,000 (Captain of British Army) Inheritance for William & Harry: Since age 21, both have access to the investment profit of the...
How much does an average Canadian make after the income tax is deducted? See the summary table below for Canadian After-Tax Household Income. It appears that families with kids tend to have higher after-tax incomes, mostly likely attributed to additional benefits and tax credits available from children; eg, tax credit for dependants (lines 305...
Statistics Canada released a new report this September on average family income for year 2008. Families included in this report refer to couple families, with or without children, and lone-parent families. Once again, families in Alberta earn fairly well, ahead of other provinces. However, the statistics is based on info prior to the recent...
The other day I posted an article on Average Annual RRSP Contribution in Canada for Year 2007. The maximum RRSP contribution limit was $19,000 for year 2007; however, the national median contribution that year was only $2,780. Because of such a huge discrepancy, I decided to do a search on how much an average...