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Minimum Wage US $7.25
Minimum Wage Canada $8.75 to $11
Jobs and Economic Stats - USA
Jobs and Economic Stats - Canada
Median household income fell 10% since Dec 2007 to $49,909
Income inequality in Canada is growing at a faster rate than just about every other similar country in the world.
Mortgage interest is tax decuctable
US - Canada Debt Per Capita Summary
US $48.5 Thousand Canada $16.6 Thousand
Global Inequality
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Credit Rating U.S. Government AA+
Credit Rating Canadian Government AAA
With low savings rates, inadequate pensions, volatility in the stock markets and longer life spans needing to be financed, many seniors already face the prospect of a declining standard of living
Americans aged 65 & older declaring bankruptcy, is up 7% from 2007
Interactive global public debt graph shows Canada's public debt as a % of GDP will remain higher than the US in 2012
2011 Canadian Income Tax
Mortgage interest is not tax decuctable
Federal Inome Tax % of taxable income
15% $0 - $41,544
22% $41,544 - $83,088
26% $83,088 - $128,800
29% over $128,800
Provincial Income Tax % of taxable income
varies from 4% to 24% depending on the amount & province
Quebec is highest
Nunavut is lowest
Ontario is 2nd lowest
Alberta is flat 10% reguardless of amount
Quebec Fed & Prov taxes $78,500 is 50%
Quebec Fed & Prov taxes over $128,800 is 53%
Ontario Fed & Prov taxes $78,500 is 37%
Ontario Fed & Prov taxes over $128,800 is 40%
Comparison with US Fed & State income taxes for $100,000 to $250,000 is between 25% and 36% depending on the State
Over $357,000 is between 35% and 46%
Sales & services tax varies from 5% to 15.5% (Fed & Prov)
Provincial Corporate tax is 4% to 14%
Federal Corporate tax is 11% to 18%
Skilled Labour
Gross Government Debt Canada
Cost of Living Comparison Between Canada and United States
Many companies pay no income taxes
Homicide Rate per 100,000
US 4.8 Canada 1.62
Corruption Perceptions 178 Countries
US 22 Canada 6
Military Expenditures
US 4.7% of GDP Canada 1.5% of GDP
20% of Federal tax 7% of Federal tax
Economics Jobs & Consumers