Quote:
Originally Posted by nik-
But it's not 4K a month, it's $2800 a month. There are 12 months, there are taxes.
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We considered the tax in already. 1 million * .04 = 40k per year plus 24k in government subsidies (assuming OAS, married and 800 in CPP between you) gives you 64k or 32k each in income with 10k personal amounts and 25% tax rate you pay 11k in taxes so you have a 53k annual income.
Now Single or Divorced changes it a bit.