| Switzerland | Canada | Difference in Canada | |
|---|---|---|---|
| Gross Income | 33,698.97 CHF / 30,000.00 GBP | 54,069.00 CAD / 30,000.00 GBP | - 0.00 GBP |
| Tax Due | 6,639.98 CHF / 5,911.14 GBP | 17,753.48 CAD / 9,850.46 GBP | + 3,939.32 GBP |
| Net Income | 27,058.99 CHF / 24,088.86 GBP | 36,315.52 CAD / 20,149.54 GBP | - 3,939.32 GBP |
| Overall Tax Rate | 19.7 % | 32.8 % | + 13.10 %. |
Figures based upon 1 CHF = 0.89023492 GBP.
Figures based upon 1 CAD = 0.55484658 GBP.
In Switzerland, an income of 33,698.97 CHF / 30,000.00 GBP is more than the lowest average advertised salary of 33,400.00 CHF / 29,733.85 GBP and less than the country's average income of 96,000.00 CHF / 85,462.55 GBP.
In Canada, an income of 54,069.00 CAD / 30,000.00 GBP is more than the lowest average advertised salary of 29,660.00 CAD / 16,456.75 GBP and less than the country's average income of 56,000.00 CAD / 31,071.41 GBP.
Here are how much some common purchases cost in Switzerland vs Canada:
| Switzerland | Canada | Difference in Canada | |
|---|---|---|---|
| Water Bottle (1.5L) | 1.23 CHF / 1.09 GBP | 2.22 CAD / 1.23 GBP | + 0.14 GBP |
| Milk Bottle (1L) | 1.59 CHF / 1.42 GBP | 2.27 CAD / 1.26 GBP | - 0.16 GBP |
| Pint of Beer | 7.00 CHF / 6.23 GBP | 6.00 CAD / 3.33 GBP | - 2.90 GBP |
| Bread (500g) | 2.63 CHF / 2.34 GBP | 2.77 CAD / 1.54 GBP | - 0.80 GBP |
| Chicken Breasts (1kg) | 25.22 CHF / 22.45 GBP | 13.10 CAD / 7.27 GBP | - 15.18 GBP |
| Petrol UK Gallon | 7.36 CHF / 6.55 GBP | 5.64 CAD / 3.13 GBP | - 3.42 GBP |
| Volkswagen Golf or Equivalent | 24,000.00 CHF / 21,365.64 GBP | 25,000.00 CAD / 13,871.16 GBP | - 7,494.48 GBP |
| Broadband Internet Monthly | 59.83 CHF / 53.26 GBP | 73.69 CAD / 40.89 GBP | - 12.37 GBP |
| Rent One Bedroom Apt. In City (Monthly) | 1,398.76 CHF / 1,245.22 GBP | 1,218.19 CAD / 675.91 GBP | - 569.32 GBP |
| Purchase One Bedroom Apt. In City | 386,872.15 CHF / 344,407.10 GBP | 200,098.85 CAD / 111,024.16 GBP | - 233,382.94 GBP |
Part of Europe, Switzerland covers an area of 39,524 square kilometers.
Switzerland has a Gross Domestic Product (PPP) of 494.30 ($ Billion) from a population of 8,454,083.
Three types of taxes are levied - Federal, Cantonal and Municipal with a progressive tax system aside from a few cantons.
Tax bands are as follow:
Below 18300 CHF - 0%
Between 18300 CHF and 32800 CHF - 0.77%.
Between 32800 CHF and 42900 CHF - 0.88%.
Between 42900 CHF and 57200 CHF - 2.64%.
Between 57200 CHF and 75200 CHF - 2.97%.
Between 75200 CHF and 81000 CHF - 5.94%.
Between 81000 CHF and 107400 CHF - 6.6%.
Between 107400 CHF and 139600 CHF - 8.8%.
Between 139600 CHF and 182600 CHF - 11%.
Between 182600 CHF and 783200 CHF - 13.2%.
Above 783200 CHF - 11.5%.
Here we use Zurich at Canton and Municipal level for comparative purposes (City of Zurich with a 1.19% municipal tax factor).
Below 6900 CHF - 0%
Between 6900 CHF and 11800 CHF - 2.38%.
Between 11800 CHF and 16600 CHF - 3.57%.
Between 16600 CHF and 24500 CHF - 4.76%.
Between 24500 CHF and 34100 CHF - 5.95%.
Between 34100 CHF and 45100 CHF - 7.14%.
Between 45100 CHF and 58000 CHF - 8.33%.
Between 58000 CHF and 75400 CHF - 9.52%.
Between 75400 CHF and 109000 CHF - 10.71%.
Between 109000 CHF and 142200 CHF - 11.9%.
Between 142200 CHF and 194900 CHF - 13.09%.
Between 194900 CHF and 263300 CHF - 14.28%.
Above 263300 CHF - 15.47%.
Old Age and Survivors' Insurance (AHV), Disability Insurance (IV), and Income Compensation (EO): 5.3% of gross salary
Unemployment Insurance (ALV): 1.1% of gross salary up to CHF 148,200
Occupational Pension (BVG): Rates vary based on age and salary, typically around 3.5-9% of salary. Here we'll use 6.25%.
Social security contributions are deductible from gross income for tax purposes.
Mandatory health insurance deduction of 1,700 CHF applied and added as a Social contribution in lieu of health contribution.
Commuting costs and work meal costs are deductible. We will use a flat amount of 2,000 CHF.
Source: https://www.estv.admin.ch/estv/en/home.html.
Source: XE.com (Currency Conversion).
Source: SalaryExplorer.com (Averages from average salaries in major job categories).
Source: Numbeo.com (Cost of living).
Part of North America, Canada covers an area of 9,156,521 square kilometers.
Canada has a Gross Domestic Product (PPP) of 1,674.31 ($ Billion) from a population of 36,626,083.
Federal taxes are joined by provincial taxes in this 5 band progressive tax system - jointly ranging from 20.05% to 46.16% plus surcharges.
Federal taxes are as follow:
Below 53359 CAD - 15%
Between 53359 CAD and 106717 CAD - 20.5%.
Between 106717 CAD and 165430 CAD - 26%.
Between 165430 CAD and 235675 CAD - 29%.
Above 235675 CAD - 33%.
For Canada we are using the Ontario province for comparative purposes.
Ontario provincial taxes are as follow:
Below 51446 CAD - 5.05%
Between 51446 CAD and 102894 CAD - 9.15%.
Between 102894 CAD and 150000 CAD - 11.16%.
Between 150000 CAD and 220000 CAD - 12.16%.
Above 220000 CAD - 13.16%.
Ontario also has a surcharge where the provincial taxes exceed 5,554 CAD (20%) or 7,108 (56%).
Social security contributions are the Canada pension plan (CPP): 5.95% (Max 3,867.50 CAD) and employment insurance: 1.66% (Max 1,049.12 CAD).
The Basic Personal Amount (BPA) is a tax credit that reduces the federal tax bill. It is income-assessed and federally the maximum credited is 15,705 CAD.
From gross incomes over 173,205 CAD the BPA is reduced. The minimum BPA is 13,521 CAD.
The BPA tax credit applies at the lowest federal tax bracket of 15%.
Another Basic Personal Amount (BPA) is a provincial a tax credit that reduces the provincial tax bill. In Ontario the maximum credited is 12,399 CAD.
A tax credit is also applied of 15% of the amount contributioned to the Canada pension plan (CPP) and employment insurance (EI).
A tax credit is also applied of 5.05% of the amount contributioned to the Canada pension plan (CPP) and employment insurance (EI).
Source: http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html
Source: XE.com (Currency Conversion).
Source: SalaryExplorer.com (Averages from average salaries in major job categories).
Source: Numbeo.com (Cost of living).
This calculator allows you to calculate income taxes and social contributions equivalent for Switzerland and Canada and allow comparison between both. You can choose the preferred currency for the input amounts and displayed calculation. For example: If you choose GBP as your preferred currency, then the income entered will be converted to Switzerland's and Canada's native currencies for the calculation so that correct income equivalent is used. The results will then be shown in the native currencies and GBP.
We have trawled through the quagmire of tax legislation for 16 of the World's major economies and created a comparable position as close to the UK's PAYE (Pay As You Earn) system for employed people.
We look at each country's taxation for employed people, as well as things like medical care which are part of social contributions for some countries or require mandatory purchase of health insurance.
Combining this information lets us calculate taxes for each of the 16 countries and then do not only a taxation comparison but also a comparison of buying power based upon commonly purchased items.
It is quick and easy to use and you can get a detailed result at the click/tap of a button!
Compare tax using these examples:
We currently support the following countries - by clicking on the links below you can just do an individual tax calculation for those countries - or scroll up and compare tax between two countries directly!
Source: https://www.impots.gouv.fr/portail/international
Source: http://www.citizensinformation.ie/en/money_and_tax/tax/income_tax/how_your_tax_is_calculated.html
Source: http://www1.agenziaentrate.gov.it/english/revenue_agency/index_revenue.htm
Source: http://www.impotsdirects.public.lu/fr.html
Source: http://www.agenciatributaria.es/AEAT.internet/en_gb/Inicio.shtml
Source: https://www.estv.admin.ch/estv/en/home.html.
Source: https://www.gov.uk/government/organisations/hm-revenue-customs.
Source: http://www.bundesfinanzministerium.de/Web/EN/Issues/Taxation/taxation.html.
Source: https://www.irs.gov/tax-professionals/tax-code-regulations-and-official-guidance.
Source: http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html
Source: https://www.ato.gov.au.
Source: http://www.ird.govt.nz/how-to/taxrates-codes/rates/itaxsalaryandwage-incometaxrates.html.
Source: https://www.nta.go.jp/foreign_language/.
Source: http://www.chinatax.gov.cn/2013/n2925/.
* calculations are currently based on the 2024 tax rules, rates and allowances for comparable single individuals in each country.