Annual Pensions for Members of Parliament

Annual Pensions for Members of Parliament

Former Bloc leader Gilles Duceppe, 63 $140,765 per year Former Toronto Liberal MP Joe Volpe, 63 $120, 392 per year Former Liberal MP Ujjal Dosanjh $40,197 per year from federal government $35,000 per year from BC government Former Liberal leader Michael Ignatieff $ ??? per year Those pensions for retired/defeated MPs are NOT small...

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Average Annual Retirement Pension Income Canada

Average Annual Retirement Pension Income Canada

Thinking about retirement? Are you financially sound? Debt free or still fully loaded?! Want to retire and yet can’t afford to? How much need you save to retire comfortably? Check the following statistics and see if you are on par with or better than other senior retirees. Retired Seniors aged 55 and over Average...

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How Much Do Members of Parliament Earn Annually?

How Much Do Members of Parliament Earn Annually?

How Much Do MP’s Earn Annually? As of year 2011: $157,731 for Member of the House of Commons * Members who occupy certain offices and positions are entitled to additional remuneration in accordance with the Parliament of Canada Act. ** This amount of “basic” salary already places MPs in the high income group in...

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How Much Tax Does A Typical Family Pay?

How Much Tax Does A Typical Family Pay?

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...

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How much do Tim Hortons Owners earn annually?

How much do Tim Hortons Owners earn annually?

Tim Hortons store owner pockets each year: $265,558 and more (after tax & interest)!!! In year 2002 for an average Tim Horton’s outlet: Gross earning: $1.5Million before interest and taxes Net earning: $174,280 after taxes and overhead expenses. In year 2008 for an average Tim Hortons franchisee: Net profit: $265,000 after taxes and expenses...

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How Much Do British Royal Family Make Annually?

How Much Do British Royal Family Make Annually?

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...

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Money CAN buy happiness!!

Money CAN buy happiness!!

I would like to ask everyone’s input regarding whether money can you happiness. For me, I totally believe money CAN buy happiness in many, if not all, aspects unless you are a millionaire or a billionaire. Here is my story…… I’m happy when I can drive to work. While I was a university student,...

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Interest Rate Prediction vs Federal Election

Interest Rate Prediction vs Federal Election

Many banks have predicted the interest rate will continue to hike rapidly in year 2011. However I doubt it! The current prime rate is 3% at all Canadian major banks. With the federal election coming up this May, there is a huge chance the rate will not increase at all by the end of...

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Average Annual After-Tax Household Income

Average Annual After-Tax Household Income

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...

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Feature Story

How Much Do First Nations Chiefs Make Annually across Canada?

Chief Ron Giesbrecht in BC took home almost $1,000,000 INCOME TAX FREE! His band has a population of only 82!!! Chief Jim Boucher in Alberta claimed an annual salary of...

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Top Financial Stories

How Much Do Tim Hortons Owners Earn Annually?

Tim Hortons store owner pockets each year: $265,558 and more (after tax & interest)!!! In year 2002 for an average Tim Horton's outlet: Gross earning: $1.5Million...

Read more »