Yesterday I shared with you that Jordan will be getting a job promotion within the next couple of weeks. I took the potential for his gross salary and broke it down based on current pay stubs and the Canada Revenue Agency's payroll calculator to get a close guesstimate of his potential net take home pay.
I highlighted the cells in yellow that I know will change but that i'm not 100% sure what the premium calculations are based on - they likely will only change within a couple of dollars or so.
We're pretty excited that come July Jordan's take home pay will be increasing by about $114 -$175 a month.
That's great to see the increase in monthly income. Have you decide where you want to allocate those funds? Watch out in the future sometimes raises mean a decrease in pay because it pushes you into the next tax bracket. It totally happened to me, brutal.
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