At 1:12 you say the average income is $68,000 (which pays $12,000 income tax in Ontario), but at 4:14 you say the average family pays $64,600 in income tax. Do only high wage earners have a family in Canada? Each spouse would have to earn about $150,000/year to pay that much in income tax (assuming most would top up their RRSP every year). Sweet.
Maybe I misunderstood, but you said the minimum starting salary was $17,300 a year, but that minimum wage ranges between $13 to $17 /hr. These 2 things are not possible in a 2000 hour work year and make it 26,000 to 34,000 per year, not 17,300. Who would take a salaried position that pays less than minimum wage? Since unpaid internships are illegal in Canada, all but student internships must be paid at least minimum wage. Student internships or co-ops are not full-time positions they are more of a contract position as a work term portion of their education. Maybe they make $17,300, but they're not a relevant portion of the workforce to even be mentioned because they're not immigrating to take $17,300 jobs.
With a population of only 40 million, with nearly unlimited, natural resources, I can't understand why all Canadians aren't millionaires? Yet, many live in well-worn, weather beaten houses! Their currency is worth $.75 to the U.S. dollar, yet prices for goods & services are the same! They are taxed from numerous segments of gov't, including the equivalent of a Fed. sales tax! In short, Canadians need to get a "backbone' & throw their overspending, liberal politicians out & citizens need to begin to share equally, in their country's vast wealth!
Liberals tax and spend conservatives cut govt income and spend. Pollievre has already said he will spend billions more than currant gov't income. Hello private for profit healthcare and education
with a handful of short exceptions the Canadian Dollar has been significantly less then the US Dollar since Diefenbaker. A big part of the issue is natural resources are, in general, not particularly valuable. Us and like 8 other countries can reasonably be said to have 'unlimited' natural resource. Basically we can only sell them if we can find a way to sell them extremely cheap or we get undercut by some other nation. Given that most of these resource are often extremely far from our population centres with no connection to ship or rail lines it usually makes no economic since to even bother to exploit them.
@@parkerbohnn A superannuation is an employer-sponsored retirement account they have in Australia. We don't have anything quite like this in Canada at the moment.
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The correct number to examine is median income ... not average .
.
I wonder why the median was not stated?
At 1:12 you say the average income is $68,000 (which pays $12,000 income tax in Ontario), but at 4:14 you say the average family pays $64,600 in income tax. Do only high wage earners have a family in Canada? Each spouse would have to earn about $150,000/year to pay that much in income tax (assuming most would top up their RRSP every year). Sweet.
Maybe I misunderstood, but you said the minimum starting salary was $17,300 a year, but that minimum wage ranges between $13 to $17 /hr.
These 2 things are not possible in a 2000 hour work year and make it 26,000 to 34,000 per year, not 17,300.
Who would take a salaried position that pays less than minimum wage?
Since unpaid internships are illegal in Canada, all but student internships must be paid at least minimum wage.
Student internships or co-ops are not full-time positions they are more of a contract position as a work term portion of their education.
Maybe they make $17,300, but they're not a relevant portion of the workforce to even be mentioned because they're not immigrating to take $17,300 jobs.
He didn't say what the median income is !
My wife and I are poor seniors. 34,000 is what we live on a year. It's been fun watching everyone advance while we don't...
Sorry to hear that. It is tough out there at the moment for many Canadians with rising inflation, so you're not alone.
With a population of only 40 million, with nearly unlimited, natural resources, I can't understand why all
Canadians aren't millionaires? Yet, many live in well-worn, weather beaten houses! Their currency is worth
$.75 to the U.S. dollar, yet prices for goods & services are the same! They are taxed from numerous segments
of gov't, including the equivalent of a Fed. sales tax! In short, Canadians need to get a "backbone' & throw
their overspending, liberal politicians out & citizens need to begin to share equally, in their country's vast wealth!
Liberals tax and spend conservatives cut govt income and spend. Pollievre has already said he will spend billions more than currant gov't income. Hello private for profit healthcare and education
with a handful of short exceptions the Canadian Dollar has been significantly less then the US Dollar since Diefenbaker. A big part of the issue is natural resources are, in general, not particularly valuable. Us and like 8 other countries can reasonably be said to have 'unlimited' natural resource. Basically we can only sell them if we can find a way to sell them extremely cheap or we get undercut by some other nation. Given that most of these resource are often extremely far from our population centres with no connection to ship or rail lines it usually makes no economic since to even bother to exploit them.
Housing standards are dismal in this country
Correct.
@@peterrussell3470Polivier never said that what planet are you on?
National minimum wage full time australia is aud $22 + 9% superannuation compulsory.
What the hell is + 9% superannuation supposed to mean?
@@parkerbohnn A superannuation is an employer-sponsored retirement account they have in Australia. We don't have anything quite like this in Canada at the moment.
You lost credibility with me when you quoted The Fraser Institute.