Quote:
Originally Posted by yray
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.
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Can someone dumb this down for me. What yray is explaining is exactly what my situation is right now. Im working a full-time job making 40k a year and I took a part-time job that pays $12/hr for 30hrs a week. Are you guys saying my 2nd job is fruitless and not worth it?