Lesson 9 - Border pay gap is real.
SDE1 | SDE2 | |
Vancouver | $CAD 60,000*(1-22.35%) = $CAD 46,590 | $CAD 90,000*(1-24.50%) = $CAD 67,950 |
Seattle | $USD 150,000*(1-25.11%) = $USD 112,339 *1.4 CAD/USD = $CAD 157,275 | $USD 210,000*(1-26.66%) = $USD $154,013 *1.4 CAD/USD = $CAD 215,618 |
$ Difference | $CAD 110,685 | $CAD 147,668 |
Pay Gap | 30 cents on the dollar | 32 cents on the dollar |
Sources:
Canadian Income Tax Calculator: https://simpletax.ca/calculator
Washington Income Tax Calculator: https://smartasset.com/taxes/washington-tax-calculator
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