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comparing tax in canada with australia

CanadaAustraliaDifference in Australia
Gross Income 51,325.02 CAD / 30,000.00 GBP 55,088.88 AUD / 30,000.00 GBP - 0.00 GBP
Tax Due 12,061.03 CAD / 7,049.80 GBP 10,552.66 AUD / 5,746.71 GBP - 1,303.09 GBP
Net Income 39,263.99 CAD / 22,950.20 GBP 44,536.22 AUD / 24,253.29 GBP + 1,303.09 GBP
Overall Tax Rate 23.5 % 19.2 % - 4.30 %.

Figures based upon 1 CAD = 0.58451024 GBP.

Figures based upon 1 AUD = 0.54457451 GBP.

In Canada, an income of 51,325.02 CAD / 30,000.00 GBP is more than the lowest average advertised salary of 29,660.00 CAD / 17,336.57 GBP and less than the country's average income of 56,000.00 CAD / 32,732.57 GBP.

In Australia, an income of 55,088.88 AUD / 30,000.00 GBP is more than the lowest average advertised salary of 31,000.00 AUD / 16,881.81 GBP and less than the country's average income of 72,000.00 AUD / 39,209.36 GBP.

Here are how much some common purchases cost in Canada vs Australia:

CanadaAustraliaDifference in Australia
Water Bottle (1.5L) 2.22 CAD / 1.30 GBP 1.79 AUD / 0.97 GBP - 0.33 GBP
Milk Bottle (1L) 2.27 CAD / 1.33 GBP 1.46 AUD / 0.80 GBP - 0.53 GBP
Pint of Beer 6.00 CAD / 3.51 GBP 8.00 AUD / 4.36 GBP + 0.85 GBP
Bread (500g) 2.77 CAD / 1.62 GBP 2.52 AUD / 1.37 GBP - 0.25 GBP
Chicken Breasts (1kg) 13.10 CAD / 7.66 GBP 10.24 AUD / 5.58 GBP - 2.08 GBP
Petrol UK Gallon 5.64 CAD / 3.30 GBP 6.68 AUD / 3.64 GBP + 0.35 GBP
Volkswagen Golf or Equivalent 25,000.00 CAD / 14,612.76 GBP 25,000.00 AUD / 13,614.36 GBP - 998.40 GBP
Broadband Internet Monthly 73.69 CAD / 43.07 GBP 74.02 AUD / 40.31 GBP - 2.76 GBP
Rent One Bedroom Apt. In City (Monthly) 1,218.19 CAD / 712.04 GBP 1,679.85 AUD / 914.80 GBP + 202.76 GBP
Purchase One Bedroom Apt. In City 200,098.85 CAD / 116,959.83 GBP 264,251.05 AUD / 143,904.39 GBP + 26,944.56 GBP

Part of North America, Canada covers an area of 9,156,521 square kilometers.

Canada has a Gross Domestic Product (PPP) of 1,674.31 ($ Billion) from a population of 36,626,083.

Federal taxes are joined by provincial taxes in this progressive tax system - jointly ranging from 20.05% to 46.16% plus surcharges.

Federal taxes are as follow:

Below 46605 CAD - 15%

Between 46605 CAD and 93208 CAD - 20.5%.

Between 93208 CAD and 144489 CAD - 26%.

Between 144489 CAD and 205842 CAD - 29%.

Above 205842 CAD - 33%.

For Canada we are using the Ontario province for comparative purposes.

Ontario provincial taxes are as follow:

Below 42960 CAD - 5.05%

Between 42960 CAD and 85923 CAD - 9.15%.

Between 85923 CAD and 150000 CAD - 11.16%.

Between 150000 CAD and 220000 CAD - 12.16%.

Above 220000 CAD - 13.16%.

Ontario also has a surcharge where the provincial taxes exceed 4,638 CAD (20%) or 5,936 (56%).

Social security contributions are pension plan: 4.95% (Max 2,594 CAD) and employment insurance: 1.88% (Max 858 CAD).

15% of the total paid toward social security is returned as a tax credit against the federal tax bill.

A basic personal tax credit of 1,721 CAD is available as well as 15% of employment income (Capped to 174 CAD)

Source: http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html

Source: XE.com (Currency Conversion).

Source: SalaryExplorer.com (Averages from average salaries in major job categories).

Source: Numbeo.com (Cost of living).

Part of Oceania, Australia covers an area of 7,700,519 square kilometers.

Australia has a Gross Domestic Product (PPP) of 1,188.76 ($ Billion) from a population of 24,641,662.

A progressive tax system spread over 5 bands - ranging from 0% to 45%.

2018 Tax bands are as follow:

Below 18200 AUD - 0%

Between 18200 AUD and 37000 AUD - 19%.

Between 37000 AUD and 90000 AUD - 32.5%.

Between 90000 AUD and 180000 AUD - 37%.

Above 180000 AUD - 45%.

There are no social security contributions. A Medicare (National Health Scheme) levy is calculated on taxable income of 2% - raised to 3%, 3.5% for higher incomes.

Source: https://www.ato.gov.au.

Source: XE.com (Currency Conversion).

Source: SalaryExplorer.com (Averages from average salaries in major job categories).

Source: Numbeo.com (Cost of living).

Help

This calculator allows you to calculate income taxes and social contributions equivalent for Canada and Australia and allow comparison between both. You can choose the preferred currency for the input amounts and displayed calculation. For example: If you choose GBP as your preferred currency, then the income entered will be converted to Canada's and Australia's native currencies for the calculation so that correct income equivalent is used. The results will then be shown in the native currencies and GBP.

How we compare world taxes

We have trawled through the quagmire of tax legislation for 16 of the World's major economies and created a comparable position as close to the UK's PAYE (Pay As You Earn) system for employed people.

We look at each country's taxation for employed people, as well as things like medical care which are part of social contributions for some countries or require mandatory purchase of health insurance.

Combining this information lets us calculate taxes for each of the 16 countries and then do not only a taxation comparison but also a comparison of buying power based upon commonly purchased items.

It is quick and easy to use and you can get a detailed result at the click/tap of a button!

Compare tax using these examples:

We currently support the following countries - by clicking on the links below you can just do an individual tax calculation for those countries - or scroll up and compare tax between two countries directly!

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