Originally Posted by
Transpacificflyer
A bigger pay cheque means more tax is paid. Considering the "progressive" tax rate Canada has, earning more isn't always worth it. My own experience was negative. I didn't keep much of a pay/bonus increase. As others have pointed out, more time off would be of greater value. A combination of both should provide a sweet spot.
Is not much of something not better than all of nothing? I know a lot of people are reticent to give more money to the government, but honestly, not accepting a pay increase or a bonus because you need to give half of it back in taxes is cutting off your nose to spite your face, no?