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Re: My Monthly Savings In Canada by siverspooon(m): 7:48am On Nov 23, 2018
hmmm... indeed there was a country called nigeria

4 Likes

Re: My Monthly Savings In Canada by Alwaysking: 7:53am On Nov 23, 2018
Nice one bro
Re: My Monthly Savings In Canada by TimoBriggs: 9:53am On Nov 23, 2018
atutupoyoyo2211:
Guys, we all keep talking about how much taxes reduces all your incomes and all that, but i would like to say, no matter how much you are taxed, you can still make good income. I attached a screen shot of the week i earned my highest pay this year, and as you can see, i was charged a lot in taxes, but i still made good money that week. Though i made Imagine getting $2222 in a week. Like i said, its hard work, because i dont get much sleep, but then again i wasn't getting much sleep in Nigeria because of stress, PHCN, noise from generators and security. I earned quite a lot that week also because, 2 of the days in that week were STAT days (holiday) and i worked on that day.
So guys, taxes are not scary at all, the more you earn, the more you get taxed, but the point there 'THE MORE YOU EARN'. Just to point out, this was my pay for that week.

I salute your doggedness and determination. Its the key to success but you need to try and find a balance. You worked a freaking 120 hrs in a week from this your screenshot. How many hrs dey 7 days ? Guy you dey sleep so ? Out of 3.6 cash, they took 1.4 , thats about 40% and thats high. Am also seeing everyone wants your money but not knowing your hustle is x3 , aint certainly not the norm. Keep up the diligence and the hardwork

15 Likes

Re: My Monthly Savings In Canada by atutupoyoyo2211: 4:05pm On Nov 23, 2018
Its a bit difficult to answer your question because every province in Canada have different standard of living. for example living cost and basic amenities are high in British Columbia but lower in Alberta. My rent is $1050 a month, car payment $500 a month ( i drive a 2017 model car), and my insurance is $235 a month. Now, i have already paid for my rent till February next year. i normally pay for 6 months at once. Also how much one could make in a day is also a question that i cant really answer because it is relative to your job. If i speak for myself, right now because i am going to be working about 16 hours a day, 5 days a week, for the next 2 months, i earn about $352 a day before tax.
Your last question is not very clear.
Emzyme:
Op pls reply na

Thinking of something


How's d cost of living ?
Basic needs etc
Housing

And how much could one make in a day?
How hard could it be to train oneself in skul over there looking at the possible earnings per day?

19 Likes 1 Share

Re: My Monthly Savings In Canada by atutupoyoyo2211: 4:17pm On Nov 23, 2018
Thanks a lot. That week was actually a crazy week, but i haven't done that much hours again, and i dont think i will.
TimoBriggs:


I salute your doggedness and determination. Its the key to success but you need to try and find a balance. You worked a freaking 120 hrs in a week from this your screenshot. How many hrs dey 7 days ? Guy you dey sleep so ? Out of 3.6 cash, they took 1.4 , thats about 40% and thats high. Am also seeing everyone wants your money but not knowing your hustle is x3 , aint certainly not the norm. Keep up the diligence and the hardwork

1 Like

Re: My Monthly Savings In Canada by newsheriffintown: 5:40pm On Nov 23, 2018
Op what visa did you use to enter,coz am sure isnt student visa

Abeg tell boys .if na to enter golf of Mexico make we kwn cheesy
Re: My Monthly Savings In Canada by atutupoyoyo2211: 6:30pm On Nov 23, 2018
I am a permenent resident. I actually got my PR visa 2013, but like i said i had a good job in Nigeria and wasn't in a hurry to travel. I decided in 2014 to come to canada and stay, but i could only survive 2 weeks in Canada and i ran back to Nigeria because i did not still have the balls to surrender my job in Nigeria. I came back again in 2015 to Canada thinking i would stay, but after 2 weeks i went back to Nigeria because i still didnt have the courage to make the transition. But in 2016, my PR visa was about to expire, so i had to make a final decision, NIGERIA or CANADA? at that moment, I had to make up my mind and leave Nigeria and i have been in Canada since. Now, My sister came to Canada immediately we got the PR visa and she is now a citizen. Assuming i had left Nigeria immediately we got the visa, I would have been a citizen by now. But i guess God's time is the best. I will become a citizen by next year.
Canadian citizenship process is one of the best i have seen, maybe after or before that of Ireland, if i am correct. You spend 3 straight years as a PR and you qualify for citizenship provided you have no serious convictions and no bankruptcy claims. Write a test of 20 questions and that is it. Once you pass, you are sworn-in a few weeks later as a citizen.
newsheriffintown:
Op what visa did you use to enter,coz am sure isnt student visa

Abeg tell boys .if na to enter golf of Mexico make we kwn cheesy

37 Likes 2 Shares

Re: My Monthly Savings In Canada by chinochizzy: 8:58pm On Nov 23, 2018
atutupoyoyo2211:
I am a permenent resident. I actually got my PR visa 2013, but like i said i had a good job in Nigeria and wasn't in a hurry to travel. I decided in 2014 to come to canada and stay, but i could only survive 2 weeks in Canada and i ran back to Nigeria because i did not still have the balls to surrender my job in Nigeria. I came back again in 2015 to Canada thinking i would stay, but after 2 weeks i went back to Nigeria because i still didnt have the courage to make the transition. But in 2016, my PR visa was about to expire, so i had to make a final decision, NIGERIA or CANADA? at that moment, I had to make up my mind and leave Nigeria and i have been in Canada since. Now, My sister came to Canada immediately we got the PR visa and she is now a citizen. Assuming i had left Nigeria immediately we got the visa, I would have been a citizen by now. But i guess God's time is the best. I will become a citizen by next year.
Canadian citizenship process is one of the best i have seen, maybe after or before that of Ireland, if i am correct. You spend 3 straight years as a PR and you qualify for citizenship provided you have no serious convictions and no bankruptcy claims. Write a test of 20 questions and that is it. Once you pass, you are sworn-in a few weeks later as a citizen.
wow bro u make roughly #2.5M monthly in Canada?
Re: My Monthly Savings In Canada by oluayebenz: 12:53am On Nov 24, 2018
Can we now see the different between a white man and a black man........

Can a white man sit down and think he wanna save $120,000 from pay cheque?
Can a white man be sleeping for just 5-6hrs daily because of money?
They value their health more better than money cos health is wealth......

See what's happening with African leaders
They will embezzled the whole country money cos of their selfish interest.
See Abacha he stole money and kept it at Swiss bank believing he will live forever.
Swiss govt spent d money and repatriate the leftover.

I used to ask my white collegue at work
Do u wanna be rich to buy everything she will replied by saying no I need good health.

White man will make money and spend roughly almost everything to satisfy themselves and other will surely benefit from it while black man will make money and will hardly spend little from it.

I never say money is not good
Jus live within your reach and be happy

17 Likes 1 Share

Re: My Monthly Savings In Canada by yemiosinbajo: 2:18am On Nov 24, 2018
internationalman:
$16 per hour..

Assuming he works for 8 hrs $16 X 8hrs = #44800

Assuming he works for 28 days a month #44800 X 28
=1254400million..

So gateman pays way better abroad than a bank manager in Nigeria...

Lmao
Re: My Monthly Savings In Canada by atutupoyoyo2211: 3:06am On Nov 24, 2018
Now, I had a very long reply for this comment, but then again i do not want to stop watching my movie, its very interesting. I will only make one statement.
Well, i think i am gonna write up a bit. First of all, it is unfair to compare hard working folks with Abacha and other african leaders, that is disrespectful. Second, There is no study that has proven 6hrs sleep, 5 days a week is detrimental to ones health. Third, i have no intentions of working even 8 hrs a day till i am 65 like the "most white folks" you talked about. Lastly, your circle is very small, try not to generalise on a whole race, just by talking to a few people. Hard working folks dont work for money, they work for a future. I've got a lot more to say, but i will leave it here. Cheers Bro
oluayebenz:
Can we now see the different between a white man and a black man........

Can a white man sit down and think he wanna save $120,000 from pay cheque?
Can a white man be sleeping for just 5-6hrs daily because of money?
They value their health more better than money cos health is wealth......

See what's happening with African leaders
They will embezzled the whole country money cos of their selfish interest.
See Abacha he stole money and kept it at Swiss bank believing he will live forever.
Swiss govt spent d money and repatriate the leftover.

I used to ask my white collegue at work
Do u wanna be rich to buy everything she will replied by saying no I need good health.

White man will make money and spend roughly almost everything to satisfy themselves and other will surely benefit from it while black man will make money and will hardly spend little from it.

I never say money is not good
Jus live within your reach and be happy

70 Likes 1 Share

Re: My Monthly Savings In Canada by omidan21: 4:39am On Nov 24, 2018
So let me just chip this in. I hear.r people say na tax go kill you bla bla, .And I just shake my head as many people are ignorant of how tax system work i don't think it's that bad or that back beaking
I saw this from a source please confirm this authentic it

I stand to be corrected

When it comes to Taxes in Canada many people are misinformed. You always take a raise. You make out with more than staying where you are. Same as overtime, you weight the pros and cons, and it should never be a tax decision since you always end up ahead.



Marginal Tax brackets work like this. (all numbers are made up for simplicity since I don't have a calculator.)



Tax Bracket 1: 0-12K - 0% tax.



So for example if you make 11k you pay $0.



Tax Bracket 2: 12,001-20,000 - 15% tax.

So for example if you make 15K. The first 12K is in bracket 1 = $0. The remaining 3K is in bracket 2. 3K@15% = $450 in tax owing. NOT 15K x 15% = $2,250 in tax.



Tax Bracket 3: 20,001-45,000 - 25% tax.

So for example if you make 21K. The first 12K is in bracket 1 = $0. The next 8K is in bracket 2. 8K@15% = $1,200 in tax owing. The remaining 1K is in the 25% backet = $250. Total TAx = $1,450. NOT 21K x 25% = $5,250

8 Likes

Re: My Monthly Savings In Canada by omidan21: 4:41am On Nov 24, 2018
o chip in further
CPP and EI are not taxes. Benefits and union dues are not taxes. Medical insurance is not tax.

Tax is only tax

CPP is the Canadian pension plan, you are forced to save for retirement

EI is employment Insurance, it's for when you lose your job to no fault of your own

Just to add on:

CPP also caps out every year so you don't pay it indefinitely, just to your cap. The first $3,500 you make is CPP exempt, you contribute 4.95% of every dollar you earn after that until you max out at $2,593.80 for 2018.

EI caps out at $858.22

8 Likes 1 Share

Re: My Monthly Savings In Canada by saipn: 6:48am On Nov 24, 2018
Ugosample:


but if the currency goes south, he will lose his money

so it's a big risk

Especially now that elections is around the corner
pls clarify more better on what u mean by he will lose his Money? Are u referring to the entire money invested in it?or interest?
Re: My Monthly Savings In Canada by Ugosample(m): 7:44am On Nov 24, 2018
oluayebenz:
Can we now see the different between a white man and a black man........

Can a white man sit down and think he wanna save $120,000 from pay cheque?
Can a white man be sleeping for just 5-6hrs daily because of money?
They value their health more better than money cos health is wealth......

See what's happening with African leaders
They will embezzled the whole country money cos of their selfish interest.
See Abacha he stole money and kept it at Swiss bank believing he will live forever.
Swiss govt spent d money and repatriate the leftover.

I used to ask my white collegue at work
Do u wanna be rich to buy everything she will replied by saying no I need good health.

White man will make money and spend roughly almost everything to satisfy themselves and other will surely benefit from it while black man will make money and will hardly spend little from it.

I never say money is not good
Jus live within your reach and be happy



you cannot blame the black man 100 %

he has suffered so so much.

Hence it has messed his psyche


But its a laudable idea tho to save.

But our attitude to money tho

5 Likes 1 Share

Re: My Monthly Savings In Canada by Ugosample(m): 7:45am On Nov 24, 2018
saipn:
pls clarify more better on what u mean by he will lose his Money? Are u referring to the entire money invested in it?or interest?

if the naira gets devalued again, the entire investment loses value in dollar terms.

That's what I'm saying

it is a risk

1 Like

Re: My Monthly Savings In Canada by dkizzy01: 8:17am On Nov 24, 2018
Please boss which online courses is recognise in Canada that can be use as certificate,

I was thinking of Udemy courses.

Please your view will be highly appreciated.




atutupoyoyo2211:
Its a bit difficult to answer your question because every province in Canada have different standard of living. for example living cost and basic amenities are high in British Columbia but lower in Alberta. My rent is $1050 a month, car payment $500 a month ( i drive a 2017 model car), and my insurance is $235 a month. Now, i have already paid for my rent till February next year. i normally pay for 6 months at once. Also how much one could make in a day is also a question that i cant really answer because it is relative to your job. If i speak for myself, right now because i am going to be working about 16 hours a day, 5 days a week, for the next 2 months, i earn about $352 a day before tax.
Your last question is not very clear.
Re: My Monthly Savings In Canada by saipn: 8:52am On Nov 24, 2018
Ugosample:


if the naira gets devalued again, the entire investment loses value in dollar terms.

That's what I'm saying

it is a risk
ok
Re: My Monthly Savings In Canada by Nobody: 10:01am On Nov 24, 2018
atutupoyoyo2211:
Its a bit difficult to answer your question because every province in Canada have different standard of living. for example living cost and basic amenities are high in British Columbia but lower in Alberta. My rent is $1050 a month, car payment $500 a month ( i drive a 2017 model car), and my insurance is $235 a month. Now, i have already paid for my rent till February next year. i normally pay for 6 months at once. Also how much one could make in a day is also a question that i cant really answer because it is relative to your job. If i speak for myself, right now because i am going to be working about 16 hours a day, 5 days a week, for the next 2 months, i earn about $352 a day before tax.
Your last question is not very clear.


wow sir based on ur calc

u make 7040$ per month

spend $1785 on stuffs you posted u car, housing,insurance


thats $5255 remaining


how much do u get taxed

??

regarding the last question
can one sponsor himself through undergraduate studies over there working this way?

i stand to be corrected though


whats pr visa sir?

1 Like

Re: My Monthly Savings In Canada by dustydee: 11:39am On Nov 24, 2018
Emzyme:



wow sir based on ur calc

u make 7040$ per month

spend $1785 on stuffs you posted u car, housing,insurance


thats $5255 remaining


how much do u get taxed

??

regarding the last question
can one sponsor himself through undergraduate studies over there working this way?

i stand to be corrected though


whats pr visa sir?
What time will be left for study and classes? And if the person is on a visa, that will be way above the maximum number of hours they are permitted to work - Deportation loading.

1 Like

Re: My Monthly Savings In Canada by Nobody: 11:59am On Nov 24, 2018
dustydee:

What time will be left for study and classes? And if the person is on a visa, that will be way above the maximum number of hours they are permitted to work - Deportation loading.

16hrs


8 hrs remain

e go hard oo

chai
Re: My Monthly Savings In Canada by chinochizzy: 1:30pm On Nov 24, 2018
Chai! Money dey this Canada o I was planning on going to South Korea before where I might be earning like $1700 per month doing factory work, I don change my mind Canada here I come
Re: My Monthly Savings In Canada by atutupoyoyo2211: 3:04pm On Nov 24, 2018
Like i said at the beginning of this thread, I am a permanent resident of Canada, not on a student visa. I spend about 4 hours of my time every week day attending classes online and studying. The course i am studying is part classroom, part online.
dustydee:

What time will be left for study and classes? And if the person is on a visa, that will be way above the maximum number of hours they are permitted to work - Deportation loading.

9 Likes

Re: My Monthly Savings In Canada by salford1: 3:11pm On Nov 24, 2018
Emzyme:



wow sir based on ur calc

u make 7040$ per month

spend $1785 on stuffs you posted u car, housing,insurance


thats $5255 remaining


how much do u get taxed

??

regarding the last question
can one sponsor himself through undergraduate studies over there working this way?

i stand to be corrected though


whats pr visa sir?

$7,040 is good money in Canada and that amount places an individual in the top 15% earners in the country. Excluding Overtime (OT) or Stat (statutory holiday earnings), that works out to be around $43/hr. Probably OP would make this amount for 2months and return to maybe regular hours. Hence the reason why the savings is even more important. No one knows what business decision makers have in mind. Employers generally do not like to pay OT hours and would rather hire more employees to cut OT if the OT hours are extended than normal.

To all those that might be misinterpreting OP's earning report to think money is easy to come by in Canada, like the guy thinking of sponsoring himself in school based on looking at op's earnings which is not a norm.

To summarize,
According to StatsCan, the median income (plus our 10 per cent factor) in Canada in 2013 was $35,200. This means that half of Canadian tax filers have incomes over that number and half are under that number.

Based on 2013 income data and our 10 per cent added factor, the top 15 per cent make $85,000 or more per year, the top 10 per cent make $97,000 or more per year, the top five per cent make $137,000 or more and the top one per cent make $245,000 or more.

Based on a recent 2015 report,

$25,000 = 94th percentile

$50,000 = 53rd percentile

$75,000 = 27th percentile

$100,000 = 14th percentile

$150,000 = 5th percentile

$225,000 = 2nd percentile

$300,000 = 1st percentile

4 Likes

Re: My Monthly Savings In Canada by Godchangemylife: 3:14pm On Nov 24, 2018
atutupoyoyo2211:
Like i said at the beginning of this thread, I am a permanent resident of Canada, not on a student visa. I spend about 4 hours of my time every week day attending classes online and studying. The course i am studying is part classroom, part online.
Hello bro, what if one completed a degree in canada/USA. Can it help one earn more like without overtime work.
Like me planning on getting a bsc in Electrical Engineering, Do I have a higher chance on not working that much and getting paid heavily.
Ps: I'm not lazy just a question.
Re: My Monthly Savings In Canada by LadyHeaven(f): 3:14pm On Nov 24, 2018
Truthfully this OP is very honest, no shady lies or rigmaroles, may God bless your hustle, mine and theirs. All the best

14 Likes 1 Share

Re: My Monthly Savings In Canada by dustydee: 3:18pm On Nov 24, 2018
atutupoyoyo2211:
Like i said at the beginning of this thread, I am a permanent resident of Canada, not on a student visa. I spend about 4 hours of my time every week day attending classes online and studying. The course i am studying is part classroom, part online.
I was responding to the guy that asked if he could do the same as an undergrad in Canada.
Re: My Monthly Savings In Canada by salford1: 3:31pm On Nov 24, 2018
Godchangemylife:

Hello bro, what if one completed a degree in canada/USA. Can it help one earn more like without overtime work.
Like me planning on getting a bsc in Electrical Engineering, Do I have a higher chance on not working that much and getting paid heavily.
Ps: I'm not lazy just a question.
Don't know what you mean by heavily. However, you do not need to work crazy hours If you have say a bsc in electrical from Canada or the US, canada preferably, and you are lucky to get a job after grad. Your average starting wage would be around $35 an hour. As you rise through the rank and put in years of experience, it would go up to the of $43 to $46/hr, and when you start hiting a managerial position, it can go as high as $50 to $70/hour or more based on type of employer or where you work in the country.

1 Like

Re: My Monthly Savings In Canada by Godchangemylife: 3:34pm On Nov 24, 2018
salford1:

Don't know what you mean by heavily. However, you do not need to work crazy hours If you have say a bsc in electrical from Canada or the US, canada preferably, and you are lucky to get a job after grad. Your average starting wage would be around $35 an hour. As you rise through the rank and put in years of experience, it would go up to the of $43 to $46/hr, and when you start hiting a managerial position, it can go as high as $50 to $70/hour or more based on type of employer or where you work in the country.


Thank you

Salud!
Re: My Monthly Savings In Canada by salford1: 3:41pm On Nov 24, 2018
Godchangemylife:


Thank you

Salud!
You are welcome bro.
Re: My Monthly Savings In Canada by salford1: 3:52pm On Nov 24, 2018
oluayebenz:
Can we now see the different between a white man and a black man........

Can a white man sit down and think he wanna save $120,000 from pay cheque?
Can a white man be sleeping for just 5-6hrs daily because of money?
They value their health more better than money cos health is wealth......

See what's happening with African leaders
They will embezzled the whole country money cos of their selfish interest.
See Abacha he stole money and kept it at Swiss bank believing he will live forever.
Swiss govt spent d money and repatriate the leftover.

I used to ask my white collegue at work
Do u wanna be rich to buy everything she will replied by saying no I need good health.

White man will make money and spend roughly almost everything to satisfy themselves and other will surely benefit from it while black man will make money and will hardly spend little from it.

I never say money is not good
Jus live within your reach and be happy

I actually prefer the OP's lifestyle. He is not even sacrificing his comfort while saving. You saw where he wrote that he drives a 2017 car? Newer model cars don't come cheap as you can tell from his monthly payment. I have worked security jobs too when i was a new immigramt in Canada. It's one of the easiest survival jobs out there. It also lets people prepare for professional exams while on the job compared to other survival jobs that would break people and leave them worn out.

The op has set himself on the right path. Canadians like to consume, consume and consume the more often spending more they can afford which the government is even trying to discourage by increasing the BOC lending interest rate to slow down that habit.

I dont see how Op's savings habit has anything to do with Abacha or Nigerian corrupt politicians. It's like comparing apples to oranges.

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