How you get taxed to death in Toronto, Canada 🇨🇦
Me: Earn $220k+ in income
CRA: Lovely. We’ll take 53.53% of that
Me: Treat yourself to a exotic car for the hard work
CRA: Add 23% Tax
Me: Put $100 in the gas tank
CRA: That'll be 35% Tax
Me: Make $250k capital gains on stocks
CRA: That'll be 66.7% Capital Gains Tax
Me: Investment income retained in corporation
CRA: That'll be 50.17% tax mate.
I could go on, but the harder you work, and the more value you create in the economy, the more they punish you in Canada.
@eldivine In law school, a classmate once spent more than a week insisting that I couldn’t have been born and raised in Aba. I didn’t match the picture in his head of what someone from Aba should look or sound like. Apparently, his stereotype carried more weight.
I lived in Aba for the first 18 years of my life before moving to Lagos for my undergrad in Unilag.
Most people I tell this never believe it. I understand why, but it’s true.
God bless Aba ❤️⏰.
When I first moved to the U.S. for college, whenever I told the other Nigerian kids I'm from Aba, they either snicker and make "Aba made" jokes, or they act genuinely surprised.
Even till date, people act like you're supposed to be embarrassed to come from Aba.
The stories I can tell are too many. But last last, Umu Aba will always be alright.
@bigbrutha_ The problem is them buying expensive homes especially if they live in Toronto. An average family of 4 living in Edmonton with a 500k mortgage will not spend up that amount if they are mindful of their expenses.