[yray]

Originally Posted by B!tch

I can explain this in the employment thread in more detail but using your numbers your are taxed at a higher rate at each threshold.

$14 @ 1.5%

if you make more (ie: raise to $15) then

$14 @ 1.5%
$1 @ 2.25%

I will take an increase in earnings, as my net income will be higher no matter how much more paid in taxes at a higher thershold.

so what happens when you dont get a raise? you are working full time job + part time job at similar wages. Yes, your net income will be higher but if working that part time job throws you into the next bracket, is it really worth the time and effort as you will get taxed at a higher amount on that part time income. Of course theres TFSA and RRSP to help but working 2-3 income stream will probably mean you need the cash flow.

Originally Posted by twitchyzero

aren't co-ops paid?
unless free internship a la Hootsuite is now our town's gold standard

I thought kids pay the school to get into coop. Even if they pay you, its more of a stipend.