"I Made N4.2m, Paid Tax of N1.4m": Canada-based Lady Shares Her Total Income and Expenditure

• A lady was spotted on TikTok lamenting the amount of money she pays as tax in Canada, where she lives and works
• In a post that has gone viral, the lady said she made 6,200 CAD (N4.2 million), but tax took 2100 CAD (N1.4 million)
• She also said she was underemployed and underpaid in Canada, given her skills and educational qualifications

A lady living and working in Canada did not look too happy about the amount that was removed as tax from her earnings.

The lady, @foya2005, made a post on TikTok sharing her total income and tax expenditure in a calendar month.

She disclosed that she earned 6,200 CAD (N4.2 million). Out of the amount she made, only 4,100 CAD was her take-home income as she paid 2100 CAD (N1.4 million) tax.

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She wrote on TikTok:

"Realising I made 6,200 a month but only took home 4,100 because of taxes. Yes, that is the life we live here, paying taxes that we don’t even know where they go."

Some people in her comment section asked her the type of job she does to pay her that much. She said she was underemployed and underpaid if her qualifications and skills were anything to go by.

Her words:

"Believe me, I'm under-employed and underpaid for my skills and education."

Taxation in Canada

According to Pricewaterhouse Coopers, tax is a must for residents living and earning income in Canada.

PWC wrote:

"Individuals resident in Canada are subject to Canadian income tax on worldwide income. Non-resident individuals are subject to Canadian income tax on income from employment in Canada, income from carrying on a business in Canada and capital gains from the disposition of taxable Canadian property. Individuals resident in Canada for only part of a year are taxable in Canada on worldwide income only for the period during which they were resident."

Read also

"I made N525k within 5 days": Lady shares remote work on Upwork app, makes money in US dollars

Watch the video below:

What to know about working in Canada

• A man in Canada said he used his first salary to buy a car
• You can find remote jobs in Canada on these websites
• A lady shares how people are leaving Canada

Reactions as lady laments huge taxes in Canada

@MONICA PALLO said:

"Canada! Give me my money back!"

@slymonie said:

"Which work earns that far."

@slymonie asked:

"Can you literally tell us these skills? We might benefit from them."

@prince john 254 said:

"That good money dear."

@August asked:

"Is Vancouver a nice city to work?"

Man shares how to make money on Fiverr

Meanwhile, Legit.ng reported that a man said it was possible for a beginner to make N88,000 per month on Fiverr or N884,000 if the person is very smart.

He said one way to make money on Fiverr was to use AI and generate music videos, which are then sold to buyers on the app.

Read also

"I made N11.5 million": Man shares lucrative Upwork app where he makes Dollars through remote work

The man said creating and selling AI music videos has become a hot service on Fiverr such that those who do it are cashing out in US dollars.

Source: Legit.ng