Canada | China | Difference in China | |
---|---|---|---|
Gross Income | 53,335.56 CAD / 30,000.00 GBP | 279,622.77 CNY / 30,000.00 GBP | - 0.00 GBP |
Tax Due | 12,518.40 CAD / 7,041.31 GBP | 50,569.55 CNY / 5,425.48 GBP | - 1,615.83 GBP |
Net Income | 40,817.16 CAD / 22,958.69 GBP | 229,053.22 CNY / 24,574.52 GBP | + 1,615.83 GBP |
Overall Tax Rate | 23.5 % | 18.1 % | - 5.40 %. |
Figures based upon 1 CAD = 0.56247652 GBP.
Figures based upon 1 CNY = 0.1072874 GBP.
In Canada, an income of 53,335.56 CAD / 30,000.00 GBP is more than the lowest average advertised salary of 29,660.00 CAD / 16,683.05 GBP and less than the country's average income of 56,000.00 CAD / 31,498.69 GBP.
In China, an income of 279,622.77 CNY / 30,000.00 GBP is more than the lowest average advertised salary of 66,000.00 CNY / 7,080.97 GBP and more than the country's average income of 240,000.00 CNY / 25,748.98 GBP.
Here are how much some common purchases cost in Canada vs China:
Canada | China | Difference in China | |
---|---|---|---|
Water Bottle (1.5L) | 2.22 CAD / 1.25 GBP | 3.92 CNY / 0.42 GBP | - 0.83 GBP |
Milk Bottle (1L) | 2.27 CAD / 1.28 GBP | 12.67 CNY / 1.36 GBP | + 0.08 GBP |
Pint of Beer | 6.00 CAD / 3.37 GBP | 6.00 CNY / 0.64 GBP | - 2.73 GBP |
Bread (500g) | 2.77 CAD / 1.56 GBP | 10.74 CNY / 1.15 GBP | - 0.41 GBP |
Chicken Breasts (1kg) | 13.10 CAD / 7.37 GBP | 25.22 CNY / 2.71 GBP | - 4.66 GBP |
Petrol UK Gallon | 5.64 CAD / 3.17 GBP | 32.22 CNY / 3.46 GBP | + 0.29 GBP |
Volkswagen Golf or Equivalent | 25,000.00 CAD / 14,061.91 GBP | 140,000.00 CNY / 15,020.24 GBP | + 958.33 GBP |
Broadband Internet Monthly | 73.69 CAD / 41.45 GBP | 100.18 CNY / 10.75 GBP | - 30.70 GBP |
Rent One Bedroom Apt. In City (Monthly) | 1,218.19 CAD / 685.20 GBP | 3,582.47 CNY / 384.35 GBP | - 300.85 GBP |
Purchase One Bedroom Apt. In City | 200,098.85 CAD / 112,550.90 GBP | 1,671,389.30 CNY / 179,319.01 GBP | + 66,768.11 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 47630 CAD - 15%
Between 47630 CAD and 95259 CAD - 20.5%.
Between 95259 CAD and 147667 CAD - 26%.
Between 147667 CAD and 210371 CAD - 29%.
Above 210371 CAD - 33%.
For Canada we are using the Ontario province for comparative purposes.
Ontario provincial taxes are as follow:
Below 43906 CAD - 5.05%
Between 43906 CAD and 87813 CAD - 9.15%.
Between 87813 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 4,740 CAD (20%) or 6,067 (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 1,810 CAD is available as well as 15% of employment income (Capped to 183 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 Asia, China covers an area of 9,386,293 square kilometers.
China has a Gross Domestic Product (PPP) of 21,269.02 ($ Billion) from a population of 1,388,232,693.
A progressive tax system spread over 7 bands - ranging from 3% to 45%.
Tax bands are as follow:
Below 36000 CNY - 3%
Between 36000 CNY and 144000 CNY - 10%.
Between 144000 CNY and 300000 CNY - 20%.
Between 300000 CNY and 420000 CNY - 25%.
Between 420000 CNY and 660000 CNY - 30%.
Between 660000 CNY and 960000 CNY - 35%.
Above 960000 CNY - 45%.
A standard personal allowance is available of 60,000 CNY.
Social security contributions (Beijing): Pension 8%, Medical 2% + 3 CNY, Unemployment 0.2%. Total 10.2% + 3 CNY. Capped at 23,565 CNY.
Source: http://www.chinatax.gov.cn/2013/n2925/.
Source: XE.com (Currency Conversion).
Source: SalaryExplorer.com (Averages from average salaries in major job categories).
Source: Numbeo.com (Cost of living).
This calculator allows you to calculate income taxes and social contributions equivalent for Canada and China 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 China'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.
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!
Source: https://www.impots.gouv.fr/portail/international
Source: http://www.citizensinformation.ie/en/money_and_tax/tax/income_tax/how_your_tax_is_calculated.html
Source: http://www1.agenziaentrate.gov.it/english/revenue_agency/index_revenue.htm
Source: http://www.impotsdirects.public.lu/fr.html
Source: http://www.agenciatributaria.es/AEAT.internet/en_gb/Inicio.shtml
Source: https://www.estv.admin.ch/estv/en/home.html.
Source: https://www.gov.uk/government/organisations/hm-revenue-customs.
Source: http://www.bundesfinanzministerium.de/Web/EN/Issues/Taxation/taxation.html.
Source: https://www.irs.gov/tax-professionals/tax-code-regulations-and-official-guidance.
Source: http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html
Source: https://www.ato.gov.au.
Source: http://www.ird.govt.nz/how-to/taxrates-codes/rates/itaxsalaryandwage-incometaxrates.html.
Source: https://www.nta.go.jp/foreign_language/.
Source: http://www.chinatax.gov.cn/2013/n2925/.
* calculations are currently based on the 2019 tax rules, rates and allowances for comparable single individuals in each country.