Living Wage Calculation: Lower Columbia Region - January 2012: 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 Modified MBM Food Clothing and Footwear Shelter Transportation Other
Subtotal

Monthly 832.82 187.67 1047.59 435.50 757.20

3260.78

Annually 9993.84 2251.99 12571.08 5226.00 9086.41

39129.32

% of Total Expenses 16.4% 3.7% 20.7% 8.6% 14.9% 64.3% 24.9% 2.6% 2.5% 4.2% 1.5% 100.0%

% of Pre Tax Income 15.1% 3.4% 19.0% 7.9% 13.8% 59.2% 23.0% 2.4% 2.3% 3.8% 1.4% 92.1%

Child Care Non MSP Health Ex MSP 2 Weeks Pay Parent Education Total

1263.75 133.00 128.00 211.75 75.67 5072.95

15165.00 1596.00 1536.00 2541.00 908.04 60875.36

Table II: Non-Wage Income (Government Transfers)

Income Canada CTB UCCB Family Bonus GST RAP BCLICATC Child Care Subs. BCHSTC Total Monthly 182.76 100.00 0.00 0.00 0.00 0.00 0.00 0.00 282.76 Annually 2193.12 1200.00 0.00 0.00 0.00 0.00 0.00
-282.64 26200.00 -333.25 34161.00 Formula 2193.12 BR at FNI 42744.00

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

-78.72 37330.00

3393.12 Note: Most of these amounts can be verified with CRA's onl

Table III: Family Income Less Family Expenses

Annually Available Annual Income Annual Family Expenses Gap 60885.49 60875.36 10.13

Provincial Child Care Subsidy Amount

Child 4 7 Max. Subs. 550 210

Table IV: The Living Wage and Government Deductions and Taxes
Parent 1 Hours / Week Wage Employment Income Adjustments Net Income EI Premiums CPP Premiums Fed. Income Tax Fed. Refundable TC Prov. Income Tax After Tax Income Monthly After Tax Inc. 35 18.15 33033.00 -9800.00 23233.00 621.02 1461.88 1298.86 0.00 253.33 29397.90 2449.83 33033.00 621.02 1461.88 1905.04 0.00 950.59 28094.47 2341.21 57492.37 4791.03 56266.00 1242.04 2923.77 3203.91
No WITB at FNI 27964.00 29805.50

Parent 2 35 18.15 33033.00

Total 70

Division of Income, Expenses, Tax Cred Parent 1

66066.00

UCCB CC Exp. Med. Exp. Ref. Med Exp. Supplement

1203.92 No BC TR at NI

Table V: Family Income less Gov't Deductions and Taxes plus Gov't Transfers
Total Annual Income from Employment - EI, CPP, Fed. and Prov. Taxes Equals Family Take Home Pay + CCTB, UCCB, GST, RAP, BCLICATC Equals Total Disposable Family Income - Family Expenses Equals Income less expenses 66066.00 8573.63 57492.37 3393.12 60885.49 60875.36 10.13

35 hrs/wk + 35 hrs/wk

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 2012 Living Wage Update. Use the other tab in this spreadsheet, titled "Using last year's LW income" and enter the last year's family income in Table IIa. 2. If this is the first time the living wage is being calculated for your municipality, use this spreadsheet tab which determines the government transfers for the family using this year's income. To illustrate the methodology, this spreadsheet includes family expenses for Vancouver and the highlighted cells must be updated to reflect the actual costs in your municipality. 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.

$0 at FNI 111094.00

No NCBS at FNI 42735.17

49601.00

w.bchousing.org/Options/Rental_market/RAP/Calculator 52330.00

49200.00

n be verified with CRA's online calculator http://www.cra-arc.gc.ca/ebci/icbc/simnet/SimnController

Care Subsidy Amount

CT 2918 1933 Amt of Subs. -127.74 -184.86 Both Subs. B51 (Adj.) -15497.90 -16183.31 -17716.21

ision of Income, Expenses, Tax Credits Parent 2 Amount $1,200 Child Tax Cr. $11,000 Transit Exp. $899.01 Tuition Exp. $0 WITB Amount $4,262 $680 $595.80 $0

Living Wage Calculation: Vancouver - January 2012: 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 Modified MBM Food Clothing and Footwear Shelter Transportation Other
Subtotal

Monthly 758.73 183.12 1436.06 467.93 698.86 1168.33 133.00 128.00 223.30 90.70 5288.03

Annually 9104.79 2197.47 17232.67 5615.12 8386.28

42536.33

% of Total Expenses 14.3% 3.5% 27.2% 8.8% 13.2% 67.0% 22.1% 2.5% 2.4% 4.2% 1.7% 100.0%

% of Pre Tax Income 13.1% 3.2% 24.7% 8.1% 12.0% 61.1% 20.1% 2.3% 2.2% 3.8% 1.6% 91.1%

Child Care Non MSP Health Ex MSP 2 Weeks Pay Parent Education Total

14020.00 1596.00 1536.00 2679.60 1088.40 63456.33

Table II: Non-Wage Income (Government Transfers)

Income Canada CTB UCCB Family Bonus GST RAP BCLICATC Child Care Subs. BCHSTC Total Monthly 174.75 100.00 0.00 0.00 0.00 0.00 0.00 0.00 274.75 Annually 2097.02 1200.00 0.00 0.00 0.00 0.00 0.00
-378.74 26200.00 -453.37 34161.00 Formula -1567.62 BR at FNI 42744.00

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

-126.77 37330.00

3297.02 Note: Most of these amounts can be verified with CRA's online calculator http://ww

Table III: Family Income Less Family Expenses

Annually Available Annual Income Annual Family Expenses Gap 63460.55 63456.33 4.21

Provincial Child Care Subsidy Amount

Child 4 7 Max. Subs. 550 210

Table IV: The Living Wage and Government Deductions and Taxes
Parent 1 Hours / Week Wage Employment Income Adjustments Net Income EI Premiums CPP Premiums Fed. Income Tax Fed. Refundable TC Prov. Income Tax After Tax Income Monthly After Tax Inc. 35 19.14 34834.80 -9800.00 25034.80 620.06 1551.07 1564.01 0.00 400.43 30699.23 2558.27 34834.80 620.06 1551.07 2162.08 0.00 1037.29 29464.29 2455.36 59869.60 1240.12 3102.15 3726.09 No WITB at FNI 0.00 No BC TR at NI 1437.72 60163.52 5013.63
28861.02 29805.50

Parent 2 35 19.14 34834.80

Total 70

Division of Income, Expenses, Tax Cred Parent 1

69669.60

UCCB CC Exp. Med. Exp. Ref. Med Exp. Supplement

Table V: Family Income less Gov't Deductions and Taxes plus Gov't Transfers
Total Annual Income from Employment - EI, CPP, Fed. and Prov. Taxes Equals Family Take Home Pay + CCTB, UCCB, GST, RAP, BCLICATC Equals Total Disposable Family Income - Family Expenses Equals Income less expenses 69669.60 9506.08 60163.52 3297.02 63460.55 63456.33 4.21

35 hrs/wk

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 2012 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 Govern

$0 at FNI 111094.00 No NCBS at FNI 42735.17

2011 Incomes Employment income UCCB claimed Adjustments Net Income EI Premiums CPP Premiums Fed. Income Tax Prov. Income Tax After Tax Income

Parent 1 34234.20 1200.00 -9800.00 24434.20 592.25 1521.34 1503.69 365.72 30251.19

Childcare expenses claimed 11000.00

49601.00

w.bchousing.org/Options/Rental_market/RAP/Calculator 52330.00

49200.00

ed with CRA's online calculator http://www.cra-arc.gc.ca/ebci/icbc/simnet/SimnController

Care Subsidy Amount

CT 2918 1933 Amt of Subs. -183.38 -206.11 Both Subs. B51 (Adj.) -15020.62 -15293.26 -17493.88

ision of Income, Expenses, Tax Credits Parent 2 Amount $1,200 Child Tax Cr. $11,000 Transit Exp. $844.96 Tuition Exp. $0 WITB Amount $4,262 $680 $595.80 $0

mily Income (For Government Transfers)

Parent 2 34234.20 Total 68468.40 1200.00 11000.00 -9800.00 34234.20 592.25 1521.34 2019.23 1014.86 29086.52 58668.40 1184.50 3042.69 3522.92 1380.58 59337.71