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Part II - cost of living Canada vs US -

Just want to pass this along:
Salary.com has a free cost of living comparison wizard, but it only
compares US cities:
http://swz.salary.com/CostOfLivingWizard/layoutscripts/coll_start.asp?frmact
ion=&clickwatchname=salsal_homcol_col_click.gif&presentsalary=35000&x=79&y=1
2
Thanks for your great list!
-Bruce
==================================
Thanks Bruce - Vlad sent along CNN Money's calculator which includes some BC
cities but no other province.  I have NOT checked the figures and assume
that they are assuming US dollars but a move from Manhattan to Vancouver BC
shows that if you have $54,000 US in Vancouver,BC, Canada, you need $100,000
US to live the same lifestyle in Manhattan, NY
This is a higher differential than my statement.
http://cgi.money.cnn.com/tools/costofliving/costofliving.html
In addition, I did a return today with $300,000 US in Hawaii and the fellow
owed another $28,000 CDN to Canada and BC.  That was mostly because of no
joint tax provisions and extra CPP in Canada which might still be cancelled
under the treaties.
the old Q & A follows:
At 11:50 PM 10/12/2006, you wrote:
>------------------------------------------
>Subject:        Cost of living Canada vs US
>Expert:         taxman at centa.com
>Date:           Thursday October 12, 2006
>Time:           04:56 PM -0400
>
>QUESTION:
>
>if a canadian resident is earning $112,000 Canadian, what would be am
>equivalent fair salary in Richmond, VA taking into account the cost of
>living (housing, transportation, medical, food, etc.)as well as federal and
>state income tax burden, local property and real estate taxes, etc.
>----------------------------------
>david ingram replies:
>
>This is an impossible question to answer without knowing your lifestyle,
>kind of car you drive, and what Canadian city you are moving from.
>
>For instance, a recent ""what if' situation with a fellow earning
$3,500,000
>US in San Francisco, showed he would be paying $29,000 less Federal and
>state income taxes and social security.  In addition, he figured he was
>getting twice as much house and was saving an additional $10,000 a year in
>medical. I charged him $800 for the detail.
>
>In general, to make up for everything at lower salaries, I say that a
>Canadian needs 10% more in US dollars than he or she receives in Canadian
>salary to make up for both the difference in taxes and the difference in
>cost of living that a stranger experiences in any new area.
>
>-       If you are moving from Toronto to New York, you need 20 to 40%
more.
>
>-       If you are moving from Vancouver to San Francisco, you need
>30% more, no
>question.
>
>-       Calgary to Denver  needs 20% more.
>
>Remember, that I am adding in the "lack of local knowledge and change of
>culture" factor.
>----------------------------------------------
>David Ingram's US / Canada Services
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