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Swaroop asked in TravelCanadaVancouver · 1 decade ago

90K to 100K canadian dollars is this sufficient for family in with 2 children in vancouver.?

I have plans to migrate to canada. i am in IT line with 10 years of experience. if my salary is 90K then

1. how much tax i need to pay?

2. What would be the rent for 2 bedroom

3. Cost of leaving?

4. schooling fees

5. Monthly Electricity &Water Bills

8 Answers

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  • ?
    Lv 7
    1 decade ago
    Favorite Answer

    both of you will have to work because you have a family and after rent and household bills there will not be a lot left and you certainly will not be earning 90K in IT in Vancouver working for a company. the only realistic was to earn 90K working in IT is to have your own business. i do well but i own 3 computer shops, a network consulting company, and a river guiding company and i don't live in Vancouver so the cost of living is a fraction.

  • 1 decade ago

    A very rough rule of thumb is that your take home pay is about 60 percent of your gross pay. So, for $90k, that would mean your take home would be $54k, or maybe a bit less. This covers taxes, CPP, EI, and so on.

    2. I'm not sure for Vancouver, but, rents are very high there. It will depend a great deal on quality, and where it is located, but an apartment might be $1000 per month, and up. A house would be several thousand a month.

    3. Leaving what? I do not understand what you mean by this one.

    4. Free. Public schools are free in Canada. There may be small fees for extras, like a lock rental for a locker (in secondary school), or sports fees, etc., but, these would be maybe $40 a year, or less.

    5. Again, it depends on where you are living, but, say $200 for power (maybe much less than that), and $40 for water/sewer. Telephone maybe $30, cable TV varies, but $20-60 would be typical, internet about $30, heat would depend on your heating source, but, would be fairly low in Vancouver as it doesn't get cold there. Well, by Canadian standards!

    Food, maybe $400 a month, but, again, quite variable depending on what you eat, how much eating out you do, and so on.

    90K would be great.

  • Anonymous
    4 years ago

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  • ?
    Lv 5
    1 decade ago

    I got news for you, just because you have "plans to migrate" to Canada doesn't mean it'll happen. You need, among other things, an actual job offer. However, as you claim to be an IT person, the chances of you getting a job offer here are very very slight. We have hundreds of thousands of unemployed citizens, many of whom are IT professionals with 10 years experience et cetera. That means they will be offered what few jobs there may be long before a foreigner will.

    How do you know so much about salaries? What makes you think you can earn 90-100K? IT professionals don't make that kind of money.

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  • Anonymous
    5 years ago

    The best plan is to get just a little Canadian money as soon as you can just to tide you over until you can go to a bank in Canada. Then use your ATM card at a Canadian Bank when you get here. The only fees you pay that way are your bank fee and the Canadian ATM bank fee, and no exchange fees. (If you take US cash and exchange it at the bank you get extra charges.) This is best value, convenient and safest for carrying excess cash, as you can only take out what you need when you need it. The one unknown is the fluctuating exchange rate. The Canadian dollar is continuing to rise as a trend. But the day to day fluctuations has been pretty wild. If you are looking at the value you have to watch that too. I have traveled a bit in Europe and all lot in North America and ATM haven't done me wrong. I do tend to do a mix of exchange methods especially on long trips, and especially when the currencies are expected to change. The ATM is usually my main source. But yes, in your case I would take some US cash too as back up emergency funds, but not exchange it unless you ended up needing it.

  • ?
    Lv 6
    1 decade ago

    Vancouver is the most expensive city in Canada to live in. You will get by with 90K a year, but you're lifestyle will be far from luxurious! With 2 kids to support, you will be lower-middle-class.

  • 1 decade ago

    According to this site below, the highest paying position in IT is $79,000. So you won't be making $90,000 to $100,000.

    http://www.payscale.com/

  • Anonymous
    1 decade ago

    thats more than enough. but after knowing u have enuf ur plan shud not be to focus on minute calculation. It doesnt matter wat u have left over. You shud enter vancouver with savings of 6 months and ur wife shud have a skillset and learn about what works she cud do if she had to. u too shud save as much money every paychek as possible until u know the area, build a network of friends, learn the job market reality. then ur fine no matter wat happens. stay gold

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