Living Wage Calculation: Vancouver - April 2014: 35 hrs/wk + 35 hrs/wk

Two Parent, Two Children, Two Income Family

Children ages 4 and 7: 1 child in full-time child care, and 1 child in before and after school care and summer care. Family

Table I: Family Expenses

Item Monthly Annually % of Total % of Pre Tax

Modified MBM Expenses Income

Food 774.81 9297.76 14.0% 12.7%

Clothing and Footwear 194.81 2337.69 3.5% 3.2%

Shelter 1490.34 17884.04 27.0% 24.4%

Transportation 486.08 5833.01 8.8% 8.0%

Other 731.09 8773.13 13.3% 12.0%

Subtotal 44125.63 66.6% 60.2%

Child Care 1241.67 14900.00 22.5% 20.3%

Non MSP Health Ex 136.00 1632.00 2.5% 2.2%

MSP 138.50 1662.00 2.5% 2.3%

2 Weeks Pay 234.85 2818.20 4.3% 3.8%

Parent Education 89.32 1071.80 1.6% 1.5%

Total 5517.47 66209.63 100.0% 90.4%

Table II: Non-Wage Income (Government Transfers)

Income Monthly Annually Formula BR at FNI

Canada CTB 176.46 2117.51 2117.51 44761.00

UCCB 100.00 1200.00

Family Bonus 0.00 0.00
GST 0.00 0.00 -577.61 35761.00

RAP 0.00 0.00 Use BC Housing RAP calculator http://www.bchousing.org/Options/Rental_mark

BCLICATC 0.00 0.00 -194.42 38752.00

Child Care Subs. 0.00 0.00

Total 276.46 3317.51 Note: Most of these amounts can be verified with CRA's online calculator http://w

Table III: Family Income Less Family Expenses

Annually Provincial Child Care Subsidy Amount

Available Annual Income 66221.27 Child Max. Subs.

Annual Family Expenses 66209.63 4 550

Gap 11.64 7 210

 Table IV: The Living Wage and Government Deductions and Taxes

Parent 1 Parent 2 Total

Hours / Week 35 35 70 Division of Income, Expenses, Tax Cre

Wage 20.13 20.13 Parent 1

Employment Income 36636.60 36636.60 73273.20 UCCB

Adjustments -9800.00 CC Exp.

Net Income 26836.60 36636.60 63473.20 Med. Exp.

EI Premiums 688.77 688.77 1377.54 Ref. Med Exp. Sup

CPP Premiums 1640.26 1640.26 3280.52

Fed. Income Tax 1728.85 2275.32 4004.17
Fed. Refundable TC 0.00 0.00
Prov. Income Tax 546.26 1160.96 1707.22
After Tax Income 32032.46 30871.29 62903.76
Monthly After Tax Inc. 2669.37 2572.61 5241.98

Table V: Family Income less Gov't Deductions and Taxes plus Gov't Transfers

Total Annual Income from Employment 73273.20

- EI, CPP, Fed. and Prov. Taxes 10369.44
Equals Family Take Home Pay 62903.76
+ CCTB, UCCB, GST, RAP, BCLICATC 3317.51
Equals Total Disposable Family Income 66221.27
- Family Expenses 66209.63
Equals Income less expenses 11.64
care and summer care. Family has a car and bus pass.

Notes:

1. If previously calculated, use last year's living wage family income to determine the government transfers
and subsidies that the family will be eligible for. This is how government transfers are calculated in practice,
and this method was used for the Vancouver 2014 Living Wage Update. Use this spreadsheet tab for your
calculation and enter last year's family income in Table IIa. This spreadsheet includes family expenses for
Vancouver and the highlighted cells must be updated to reflect the actual costs in your municipality.

2. If this is the first time the living wage is being calculated for your municipality, use the other tab in this
spreadsheet, titled "First time LW calculation," which determines the government transfers for the family
using this year's income.

3. Either way, remember to update the Federal & Provincial income tax formulas for Parent 2 (Table IV) with
the actual costs of public transit and tuition fees so that the transit and education tax credits are accurate.

=1405*2-(L30+M30-N27-42707)*0.04

$0 at FNI No NCBS at FNI

116411.00 44751.65

51921.00

w.bchousing.org/Options/Rental_market/RAP/Calculator

53752.00

ed with CRA's online calculator http://www.cra-arc.gc.ca/bnfts/clcltr/menu-eng.html

Care Subsidy Amount

CT Amt of Subs. B51 (Adj.)

2918 -290.91 -17190.97

1933 -247.16 -16665.94

Both Subs. -20156.91

ision of Income, Expenses, Tax Credits

Parent 2

Amount Amount

$1,200 Child Tax Cr. $4,468

$11,000 Transit Exp. $776

$826.90 Tuition Exp. $619.80

$0 WITB $0
e government transfers
e calculated in practice,
eadsheet tab for your
s family expenses for
ur municipality.

e the other tab in this

nsfers for the family

Parent 2 (Table IV) with

x credits are accurate.
Living Wage Calculation: Vancouver - April 2014: 35 hrs/wk + 35 hrs/wk
Two Parent, Two Children, Two Income Family
Children ages 4 and 7: 1 child in full-time child care, and 1 child in before and after school care and summer care. Family

Table I: Family Expenses

Item Monthly Annually % of Total % of Pre Tax

Modified MBM Expenses Income

Food 774.81 9297.76 14.0% 12.7%

Clothing and Footwear 194.81 2337.69 3.5% 3.2%

Shelter 1490.34 17884.04 27.0% 24.4%

Transportation 486.08 5833.01 8.8% 8.0%

Other 731.09 8773.13 13.3% 12.0%

Subtotal 44125.63 66.6% 60.3%

Child Care 1241.67 14900.00 22.5% 20.4%

Non MSP Health Ex 136.00 1632.00 2.5% 2.2%

MSP 138.50 1662.00 2.5% 2.3%

2 Weeks Pay 234.50 2814.00 4.3% 3.8%

Parent Education 89.32 1071.80 1.6% 1.5%

Total 5517.12 66205.43 100.0% 90.5%

Table II: Non-Wage Income (Government Transfers)

Income Monthly Annually Formula BR at FNI

Canada CTB 182.65 2191.77 2191.77 44761.00

UCCB 100.00 1200.00

GST 0.00 0.00 -484.79 35761.00

RAP 0.00 0.00 Use BC Housing RAP calculator http:/

BCLICATC 0.00 0.00 -157.30 38752.00

Child Care Subs. 0.00 0.00

Total 282.65 3391.77 Most of these amounts can be verified with CRA's online calculato

Table III: Family Income Less Family Expenses

Annually Provincial Child Care Subsidy Amount

Available Annual Income 66216.88 Child Max. Subs.

Annual Family Expenses 66205.43 4 550

Gap 11.45 7 210

 Table IV: The Living Wage and Government Deductions and Taxes

Parent 1 Parent 2 Total

Hours / Week 35 35 70 Division of Income, Expenses, Tax Cred

Wage 20.10 20.10 Parent 1

Employment Income 36582.00 36582.00 73164.00 UCCB

Adjustments -9800.00 CC Exp.

Net Income 26782.00 36582.00 63364.00 Med. Exp.

EI Premiums 687.74 687.74 1375.48 Ref. Med Exp. Sup

CPP Premiums 1637.56 1637.56 3275.12

Fed. Income Tax 1720.97 2267.68 3988.66
Fed. Refundable TC 0.00 0.00
Prov. Income Tax 541.85 1157.77 1699.62
After Tax Income 31993.87 30831.24 62825.12
Monthly After Tax Inc. 2666.16 2569.27 5235.43

Table V: Family Income less Gov't Deductions and Taxes plus Gov't Transfers

Total Annual Income from Employment 73164.00

- EI, CPP, Fed. and Prov. Taxes 10338.88
Equals Family Take Home Pay 62825.12
+ CCTB, UCCB, GST, RAP, BCLICATC 3391.77
Equals Total Disposable Family Income 66216.88
- Family Expenses 66205.43
Equals Income less expenses 11.45
l care and summer care. Family has a car and bus pass for one of the parents.

Notes:

1. If previously calculated, use last year's living wage family income to determine the government
transfers and subsidies that the family will be eligible for. This is how government transfers are
calculated in practice, and this method was used for the Vancouver 2014 Living Wage Update. Use
this spreadsheet tab for your calculation and enter last year's family income in Table IIa. This
spreadsheet includes family expenses for Vancouver and the highlighted cells must be updated to
reflect the actual costs in your municipality.

2. If this is the first time the living wage is being calculated for your municipality, use the other tab
in this spreadsheet, titled "First time LW calculation," which determines the government transfers for
the family using this year's income.

3. Either way, remember to update the Federal & Provincial income tax formulas for Parent 2 (Table
IV) with the actual costs of public transit and tuition fees so that the transit and education tax
credits are accurate.

Table IIa: Last Year's Family Income (For Governm

$0 at FNI No NCBS at FNI 2013 LW Incomes Parent 1

116411.00 44751.65 Employment income 35708.40
UCCB claimed 1200.00
51921.00 Childcare expenses cla 11000.00
Gross annual household income $35,000 Adjustments -9800.00
53752.00 Net Income 25908.40
EI Premiums 653.46
ified with CRA's online calculator http://www.cra-arc.gc.ca/bnfts/clcltr/menu CPP Premiums 1594.32
Fed. Income Tax 1638.73
Prov. Income Tax 434.14

After Tax Income 31387.75

Care Subsidy Amount
CT Amt of Subs. B51 (Adj.)

2918 -251.09 -16713.10

1933 -231.96 -16483.48

Both Subs. -19496.59

ision of Income, Expenses, Tax Credits

Parent 2

Amount Amount

$1,200 Child Tax Cr. $4,468

$11,000 Transit Exp. $1,616

$828.54 Tuition Exp. $619.80

$0 WITB $0
 ne the government
ent transfers are
g Wage Update. Use
Table IIa. This
must be updated to

ty, use the other tab

vernment transfers for

as for Parent 2 (Table

d education tax

amily Income (For Government Transfers)

Parent 2 Total
35708.40 71416.80
1200.00
11000.00
-9800.00
35708.40 61616.80
653.46 1306.93
1594.32 3188.63
2201.69 3840.42
1063.56 1497.70

30195.37 61583.12