Personal Finance

Do you get depressed when you see all the deductions on your paystub?

  • Last Updated:
  • Jan 30th, 2018 4:49 pm
[OP]
Member
May 21, 2014
418 posts
59 upvotes
Toronto, ON

Do you get depressed when you see all the deductions on your paystub?

Taxes, CPP, EI, Insurance, Union etc... You work so hard, everybody gets their cut and you barely end up with anything?
109 replies
Deal Addict
Mar 24, 2015
1317 posts
614 upvotes
Ottawa, ON
Deductions from the paystub no, but the property tax bill annoys me. Really high in Ottawa. Then the $1,000 monthly daycare fees. That's another big chunk out. But my husband started a new job 2 weeks ago and will bring home $2,000 more each month. Smiling Face With Sunglasses
Sr. Member
Dec 28, 2006
991 posts
354 upvotes
No?

Roads aren't free. Schools aren't free. Hospitals aren't free. I'm more than happy to pay my share of the public services that everyone makes use of. I'd be happier if we could get the same level of service while paying less if they could reduce wasteful spending, but that's mainly just wishful thinking because there's wastage in every organization, public and private.
Deal Addict
Aug 18, 2006
3098 posts
1124 upvotes
Yes YES YES YESS
Deal Addict
User avatar
Mar 23, 2011
2042 posts
1125 upvotes
Etobicoke
No, but I get pissed when I think about how wasteful all 3 levels of government are. If they spent it wisely and efficiently I don't think as many people would gripe about how many taxes we pay.
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"It's better to be dead and cool...than alive and uncool!"
Deal Expert
Aug 22, 2011
37823 posts
23906 upvotes
Center of Universe
With deductions, I also see matching contributions +5%...so all is not last.
Deal Fanatic
User avatar
Dec 27, 2009
7691 posts
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Victoria, BC
No, I don't really. I want to continue to live in a society and part of that is contributing towards taxes. CPP doesn't bother me as I hope to collect someday.
Deal Guru
User avatar
Mar 31, 2008
12818 posts
2919 upvotes
Toronto
sherman51 wrote: No, but I get pissed when I think about how wasteful all 3 levels of government are. If they spent it wisely and efficiently I don't think as many people would gripe about how many taxes we pay.
Exactly. Fine, keep the deductions the same, but sheesh, there shouldn't be all these roads in such decrepit shape, taking 10 years to repair, or constantly increasing health care cost, Teachers, whomever always going on strike. We know there's tons of waste where you have government workers basically stealing from risk taking private people who could get fired easily. That's the problem.
Deal Fanatic
User avatar
Nov 19, 2004
9131 posts
2032 upvotes
Cambridge, ON
at1212b wrote: Exactly. Fine, keep the deductions the same, but sheesh, there shouldn't be all these roads in such decrepit shape, taking 10 years to repair, or constantly increasing health care cost, Teachers, whomever always going on strike. We know there's tons of waste where you have government workers basically stealing from risk taking private people who could get fired easily. That's the problem.
Someone is bitter!! But definitely agree that government could be smaller.

I don't have deductions on my pay, but my regular tax instalments and annual return are brutal. That said, I understand it is the cost of living in this country and don't mind generally. The only time it bugs me is when I see people evading taxes or people who just sit around and collect welfare when they are perfectly capable of working.
Deal Addict
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Dec 8, 2010
2554 posts
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wserib wrote: Taxes, CPP, EI, Insurance, Union etc... You work so hard, everybody gets their cut and you barely end up with anything?
You misunderstand. It's not "your" money. If there were fewer deductions, you'd have to pay for stuff out of your own pocket more. Or not have it.

Cost of living in a safe, secure, first world country.

You're basically asking "do you want more money?"; when people *have* more money, they just buy bigger houses and newer cars.

Happiness != money.
Deal Addict
Mar 21, 2013
4936 posts
8140 upvotes
Canada
It's much worse when you are self employed, and have to pay your taxes after already having all the money. Keeping 40+% of your money in a short term savings account so you can pay the government can be hard to stomach.
Newbie
Apr 13, 2010
44 posts
27 upvotes
Mississauga
Ixidor wrote: No?

Roads aren't free. Schools aren't free. Hospitals aren't free. I'm more than happy to pay my share of the public services that everyone makes use of. I'd be happier if we could get the same level of service while paying less if they could reduce wasteful spending, but that's mainly just wishful thinking because there's wastage in every organization, public and private.
^ this

Canada is IMO one of the best countries in the world to live in. If you feel depressed, you might want to take a step back, adjust your perspective and try to look beyond a paystub.
Deal Addict
May 15, 2013
1959 posts
578 upvotes
Montreal
No. In fact deductions should be higher.
Newbie
Mar 28, 2017
4 posts
3 upvotes
Montreal
Yes, especially the union fee. Our union do jack squad, their lawyer on retainers fee does jack squad, and anytime any one who needs them their reps are "on vacation and will be back in 6 weeks", never answer their email or phone.

Completely corrupted and useless
Deal Fanatic
User avatar
Nov 13, 2010
7607 posts
1681 upvotes
Scarborough
income taxes are the biggest deduction on the paystub........and the ever increasing CPP and EI payments.

We do it until we can. When not possible, pack up and return to country of origin.
Deal Addict
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Dec 13, 2016
4279 posts
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Ixidor wrote: No?

Roads aren't free. Schools aren't free. Hospitals aren't free. I'm more than happy to pay my share of the public services that everyone makes use of. I'd be happier if we could get the same level of service while paying less if they could reduce wasteful spending, but that's mainly just wishful thinking because there's wastage in every organization, public and private.
Just 5 years ago I'd go all over this guy.

Let me tell you that all these deductions will barely cover a single cancer treatment in your lifetime.

You know what gets me though? One of the best countries in the world with the best healthcare and people stuffing their faces with Tim Hortons 3 times a day and being obese at the age of 30. Absolutely no respect for yourself or the country that provides you with free healthcare. People talk about real estate crash, but a fat Canadian will crash health care way before real estate. Enjoy your maple glazed donuts with French vanilla.
Deal Guru
Dec 5, 2006
13044 posts
8288 upvotes
Markham
sherman51 wrote: No, but I get pissed when I think about how wasteful all 3 levels of government are. If they spent it wisely and efficiently I don't think as many people would gripe about how many taxes we pay.
Toronto is the worst
Deal Expert
User avatar
Jan 27, 2004
49980 posts
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ONTARIO
I did... When I was a child.
I got my first job as a movie usher. Sweeping floors, taking tickets, directing people to their cinema. The tax thing was quite a shock... "Woo hoo.. $6.40/hr... I worked 4 whole nights this week!". That kinda stung.

But as I got older I realized how the bigger picture of how our world works... Why all these social and governments are in place... etc etc.
Sr. Member
User avatar
Jul 30, 2005
870 posts
625 upvotes
Downtown Toronto
There sure are a lot of communists around here.
Deal Fanatic
User avatar
Nov 19, 2004
9131 posts
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Cambridge, ON
Kestral wrote: There sure are a lot of communists around here.
Ok? A certain amount of socialism makes for a good country and benefits everyone. Communism is a little extreme.

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