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Orginally posted by Fresher

Princeker and TellaPilli

Lets be realistic. Nobody here is immature or naive not to understand the humor elements.
The problem here is we drift from the main issues and start a parallel line of

There should be only one basic guideline. – If you feel the post is not relevant to you DON’T REPLY.

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Quote:

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Orginally posted by Fresher

Hi all,

Just a quick question.... How much salary is consdered a decent salary in Toronto?

40- 45
45-50
50-60
60-70
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Edited by Chandresh for heading. the earlier heading was 'Salary'

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Now that we have established a "baseline" in communication, let us get to the question of decent salary. As many pointed out, it depends on multiple factors. I won't go into Living Style, etc., etc., ad nauseum.

According to Statistics Canada, the average household expenditure across Canada in 2003 was $61,152 per YEAR inclusive of all taxes. In Ontario it is $68,118 whereas in New Foundland and Labrador it was $48,919. You may want to check this out:

http://www40.statcan.ca/l01/cst01/famil16a.htm?sdi=household%20income

More informally, it may work out like this (on a monthly basis):

Rent $1,000 (Atleast 30% more in Toronto)
Food $500
Utilities $200
Telephone $80
Cable $60
Transport $500 (car lease + insurance + gas)
Entertainment $200
Contingency $100
Saving $200
Total $2,840 (monthly)

Yearly: $34,080
Assuming 40% tax bracket, you need to gross $56,800.

You need to factor in clothing, household furniture/furnishings, etc. The above is for a family of two. If you have children, you need to include their activy costs (soccer club, piano lessons, birthday parties, school picnics and so on).

You can put the above in a spreadsheet and do your own sensitivity analysis.

Again, as I have mentioned before, this is a very informal calculation. You need to factor in your life style, number of members in your family, how often you want to go to the great India (assuming you are from there ) or your motherland, wherever that is, and so on and so forth.

Best of luck.

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hello mr. Silly alias Fresher
many CDs here are trying to educate you but in vain. You will never let your brain go to your head. don't feel bad lot of people are there like you. Fellows like you don't grow from trees they swing from them.
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I was trying to educate you as well, but you seem a headless nincompoop, nursing an ego bigger than shoe size.
I do not need your comments. Stick to your shoes.

whats all this going on here? Is there any decency left here?Or this is a sheer display of frustrations by insulting others. Some members here have more ego then brain, they speak first and and think later i suppose. This is not a site for insulting others in the name of humour. Stick to the point or simply leave the site and let others do the communication .

the lowest salary that is good in canada is $10 an hour for 40 hrs. you will get $1600 and around $1450 after tax.
Assuming that you are just husband and wife is not working or wife has a small child not yet going to school.
Rent - $ 600 (basement)
Bus - $ 150
entertainment - $100
food - $ 150
milk - $50
phone / cable - $100 (max)
emergency- $100
savings per month $200 (rs.6000).

But can you get a good job (not labour or heavy for $10) is the question?