Use this tool to compare costs over time. $69,861, Teachers, retirees, and labor unions have marched in at least six Venezuelan cities to demand better wages as President Nicolas Maduro's government faces new obstacles in its bid to combat inflation. In . Canada, and earning a gross annual salary of This is the important one; you can see a parenthesis at the end of the number in this field; the percentage indicates if you are overpaying or underpaying. This means that 100 rand in 1958 are equivalent to 9,925.96 rand in 2021. This is almost $8,000 more than the national median salary of $61,900 listed in the previous section, as the average figure tends to Now that you know the rate of inflation, you'll need to apply that to the amount of money you're looking to compare. Annual salary = average hours per week hourly rate (52 weeks - weeks of vacation - weeks of holidays) For example, imagine someone earns $19 per hour, works an average of 38 hours per week and has a total of 4 weeks of vacation and holidays. Has your pay kept pace with inflation? Inflation rate = 143.49%. Find out what legal tender means, why legal tender status changes, and how to redeem older bank notes. A recent report by Statistics Canada showed that Canadians' average weekly earnings increased 3.5 per cent in June 2022 compared with the same month last year. or Inflation rate = (1.4349) * 100. Please note, this deduction is not displayed separately on the Result page. This tool lets you calculate the value of your real wage or salary, after adjusting for changes in consumer prices. Even though we may receive compensation for some of the products we recommend, we always give our honest opinions, findings, beliefs, or experiences. This reflects changes in the prices of all goods and services purchased for consumption by urban households. for Quebec dip below the national average. Highlighted content related to the Sectors main menu item. Salary Inflation Calculator Current Salary: $ Rate of Inflation: % (Choose an appropriate inflation rate. For example, the calculator does not anticipate or take into account future changes to government savings programs or tax . The "Taxable income for the pay period" line on the Result page has been removed. So if you are on a desktop, you may find the calculator to be more user-friendly and less cluttered without them. relative to Bitcoin. If you're curious about inflation and its real-world impact, the Wage Inflation Calculator is an eye-opener. Inflation Results: Ending Amount: $15,029.67 2.06% Average Inflation Rate 50.30% Cumulative Inflation Dollar ($) Value Over Time 1. per month, or My first pick is Autodesk ( ADSK 1.28% . Number of years: 5. Step 3. The calculator takes into account your registered and non-registered savings, annual returns, investment fees, income tax, and inflation to compute these estimates. During the observation period from 1996 to 2021, the average inflation rate was 6.1% per year. rate). Notice, if you change the "Cash Flow Type" to "Income", the calculator calculates the inflation-adjusted value for the first "Periodic Withdrawal Amount." If you don't compensate for inflation, and assuming it averages 3% over 25 years, a $3,000 income will be equivalent to having a $1,300 income today, or you'll need to have $6,600 to have the . The real salary is your paycheck adjusted for inflation. So the 2007 salary, when converted to 1970 dollars, has 33.597 percent less ( ($37,426.09 - $50,000) / $50,000) purchasing power than you had in 1970 with the $50,000 income. Check out 35 similar tax and salary calculators , How to use the salary inflation calculator. Learn how this calculator works.The US Inflation Calculator uses the latest US government CPI data published on Jan. 12, 2023, to adjust for inflation and calculate the cumulative inflation rate through December 2022. New Zealand Inflation Calculator. relative to Housing. On the other end, a senior level calculator (8+ years of experience) earns an average salary of $51,626. Detailed monthly CPI data (and much else) are provided by Statistics Canada for free and are available through their website. This is the important one; you can see a parenthesis at the end of the number in this field; the percentage indicates if you are overpaying or underpaying. First, find the inflation-adjusted salary with the following formula: Inflation-adjusted salary = $4,000 * (1 + 0.03) = $4,120. (Commas and spaces may be used.). In simple terms, you can compare what you earn against your parents, grandparents and so on. Inflation Calculator Inflation Calculator with U.S. CPI Data Calculates the equivalent value of the U.S. dollar in any year from 1914 to 2023. As mentioned in the T4032/T4008 Guide Section A, use the Payroll Deductions Online Calculator (PDOC) for the following situations: PDOC uses exact salary figures and accordingly calculates the deductions provided by the CPP additional contribution for all scenarios. Average Annual Inflation Rate = 1.94%. An inflation rate of 2% per year. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Canada. This field shows the starting salary or at least what it should have been. Future amount ($): 20000. (Commas and spaces may be used.) The inflation rate for consumer prices in Vietnam moved over the past 25 years between -1.7% and 23.1%. After filling in all the sections, you must put a random number in the last salary section. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Many inflation calculators rely on the consumer price index alone as a measure of inflation. To sum up, the salary inflation calculator shows you what your salary is worth in real terms. This gives you your hourly wage. For example, it may show that items costing $10 in 1970 cost $26.93 in 1980 and $58.71 in 1990. Imagine that you received your first salary, $1000, in 2021. The average full-time worker made $58 289.40 What are the tax rates on gross salary? Heads Up: The Fed continues to raise rates up 3% this year making credit card debt even costlier. This calculator uses monthly consumer price index (CPI) data from 1914 to the present to show changes in the cost of a fixed "basket" of consumer purchases. Forward Flat Rate Inflation Calculator Calculates an inflation based on a certain average inflation rate after some years. Therefore, the last salary should be $1030; in this scenario . Unfortunately, CPI is not a good indicator of inflation for most people because it does not measure the prices of many of the goods and services they buy. This tool section is dedicated to the date you started working, and you have to ensure that the year is correct, mainly because the tool will fill in the inflation rate automatically for the United States. Since 2012, CPI has increased by To calculate interest: $100 10% = $10. If the tools panel becomes "Unstuck" on its own, try clicking "Unstick" and then "Stick" to re-stick the panel. situation and applying credits and deductions. 90.81% while your wage has increased by 0%, giving you an Were taking steps to better understand the impacts of climate change on the economy and to reduce our environmental footprint. Learn more about our ongoing work on digital currencies. Were you looking for the Salary Calculator? This field shows the starting salary or at least what it should have been. The calculator may be a useful tool in helping you estimate how much your RRSP could be worth, but you should understand that it has limitations. Since 2012, Housing has increased by How Is Salary Calculated and Paid in Canada? Your annual savings, expected rate of return and your current age all have an impact on your retirement's monthly income. Doesn't that bother you? Our inflation calculator is fast and easy to use. View the full report to see a year-by-year break down of your . Considering the example above, we would have: There are two sections that we havent talked about: This section will show you the last salary that you would receive. In addition to the features and options described above, the Canada Tax Calculator also has the following features: Newfoundland and Labrador Salary Calculator, how salaries are calculated in each province in Canada in 2023 based on the personal income tax rates and thresholds for 2023. The S&P 500 is a list of the 500 largest US companies ranked by market value. An easy way to calculate your hourly wage from your annual income is to divide your annual salary by 2,000. When you click the "Calculate" button, the calculator will return the answer: Current buying power ($): $16,049.02. adjusted increase in purchasing power of 0% The salary inflation calculation will compute the amount you entered as a historic amount and shows all years between 2023 and the year you selected along with the inflation rate percentages for each of the associated years. A salary that may be considered good in one part of the country may not be sufficient to maintain a similar standard of living in Here are some market assumptions baked into our calculations. For a clearer look at what residents in the largest Canadian provinces make, we've compiled each province's average salary before An entry level calculator (1-3 years of experience) earns an average salary of $32,737. PSAC is headquartered in Ottawa . However, when you factor in inflation, wages and salaries in the private sector decreased by 3.3% in the same 12-month period ending in March 2022. The salary inflation calculator gives you the answer to a practical question: is my salary keeping up with inflation? This section will ask you to put in the inflation rate of the years you have set. Results include unadjusted figures and adjusted figures that account for vacation days and holidays per year. Second, find the actualized earning by performing a deduction: Actualized earning - Inflation adjusted salary = $4,100 - $4,120 = -$20. By negotiating pay raises with your employer you can ensure that your income increases each year in line with your cost of living. The table below lists the minimum wage for adult workers in Canada's largest provinces, together with the resulting yearly earnings If the resulting value is positive, you gain; if it's negative, you lose money in real terms. To calculate the effects of inflation on investments and savings, see the Investment Calculator. Finally, if you're trying to retire, an inflation calculator can help you determine how much retirement savings you will need to keep up with inflation after you quit working. This wage inflation calculator will help you find the real value of your salary and to help you set goals to take action and grow your wealth over time. The calculator will then tell you how your wage has grown relative to several different inflation metrics. Do not use your printed calculations as an official statement of earnings. Take a central role at the Bank of Canada with our current opportunities and scholarships. The application is set totwelve (12) months by default; although, it is recommended to consult the. Select Final Year: . This makes it more difficult to achieve your financial goals. In other words, that dollar's buying power was reduced by 100%! As a first step, to see what is the inflation-adjusted salary that exactly keeps up with the inflation rate, you can use the following formula: Inflation adjusted salary = $3,000 (1 + 0.022) = $3,066. CPI estimates before 1988 are modelled based on data collected for the Retail Price Index (RPI). You will owe both federal and provincial taxes. Find press content by keyword, author, content type, location, source, topic or publication date. We have developed a tool that can help you with this matter, so let's get straight to the statement and see the formula for the salary inflation calculator tool, and then we will tell you some examples you have to know about. According to 2022 figures , the average (mean) salary in Canada is $69,861 per year, or $5,822 per month, for full-time employees. 447.83 x 115% = 515 (daily contractor . Highlighted content related to the Issues & Research main menu item. Highlighted content related to the Member Resources main menu item. I often hear people complain about how inflation is forcing them to earn higher and higher incomes to maintain their current lifestyles. Please note this tool only deals with the dollar value of your wages. For example, you can calculate the inflation rate between 2015 and 2016. per month, the total amount of taxes and contributions that will be deducted from your salary is It's not the lending institution's fault that expertly designed sales presentations entice us into buying on credit (instant gratification), instead of saving up to pay cash for our purchases. According to You can use wage inflation calculators for a variety of purposes. Yearly salary increase of 2% per year up to the age of 45 and none thereafter. The average inflation rate is a measure of how much value the currency has lost in a given year. In this section, you must enter the last salary you have received from your job and ensure the number you put in is accurate to the last bit of dollars or even cents if needed. In that case, an inflation calculator can help you determine the actual value of the wage and help you beat inflation. In 2020, inflation was a low 1.4% but salary increase budgets in 2020 and 2021 were higher (between 2.5% and 2.8%). You assume the risks associated with using this calculator. Find out what your salary was worth back in the day. Relative to Gold, your current real wage is $ 0.00. per week. Here's what your formula looks like with the numbers plotted in: Inflation rate = (138.9 / 96.8) * 100. CUPE | 1375 St. Laurent Blvd. Now lets see the formula behind this fact: Fact: in the formula, if the inflation rate is above zero, you have to use the plus (gathering), and if it is below zero, you have to choose the minus (subtract). To limit the risks you take when using PDOC, we recommend that you do the following: Clear your Internet browser cache and close the browser after you complete your calculations. It will confirm the deductions you include on your official statement of earnings. 15077.78% while your wage has increased by 0%, giving you an While inflation has been picking up since the middle of 2021, we're looking at how much things have changed this year, starting in January. . This includes the Old Age Security (OAS) pension and Canada Pension Plan (CPP) retirement benefits. Thus it is easy to see if you could maintain your current standard of living if you accept a job in a new city. 185.11% while your wage has increased by 0%, giving you an Lending institutions rent the use of your money for a small fee and then rent it back to you at a much higher fee. 128.4 - 116.5 = 11.9. Can you find an assembly line churning out tangible products? There are different measures of inflation, but the actual inflation rate is the most important for consumers. Before reporting an issue, we recommend clearing your internet browser cache. Plus, between mortgage payments, loan payments, and credit card payments, most are spending hundreds, even thousands of dollars a month to pay for interest charges. What is considered a "good" salary can vary depending on location, job title, and lifestyle. Cost of Living in Chicago: How Affordable Is the Windy City? The last paycheck you received should be calculated based on the inflation rate, which would be in percentages, considering the inflation rate of 3%. week. Lawyer Salary UK: How Much Do Law Professionals Earn? Manage Settings Find Bank of Canada publications by keyword, author, content type, JEL code, topic or publication date. For the 2023 taxation year, you are now able to input the number of pensionable months for the Canada/Quebec Pension Plan contribution calculation. If you're an employee, then your employer will automatically send you paychecks with taxes deducted and credits applied. Now let's see an example with the salary inflation calculator formula. Are you curious about how inflation can affect other areas of your life? Many people will face different changes in their cost of living. You can also protect your wage by investing a portion of your wage or savings. Actual inflation is the rate at which the prices of goods and services are rising. Telephone numbers and email addresses will be removed. Inflation Calculator On This Page This tool calculates the change in cost of purchasing a representative 'basket of goods and services' over a period of time. This will normally be about two months prior to the current month. Hours Per Day. You can find upcoming CPI release dates on our schedule page. According to a voluntary group of . Relative to Bitcoin, your current real wage is $ 0.00. Lending institutions provide a crucial role in providing start-up and operating capital to the businesses that create our jobs. A public school teacher's minimum monthly salary is around $10. These include: For a detailed breakdown of the Canadian tax system, an estimate of your taxes due, and a better idea of your net income, visit our Over the next five years, those on a typical salary would need their pay to rise to more than 28,000 to overcome the impact of inflation on their finances - an increase of around 4,000. Click Calculate. Examples of payment frequencies include biweekly, semi-monthly, or monthly payments. In addition, they earn an average bonus of $677. We have developed a tool that can help you with this matter, so let's get straight to the statement and see the formula for the salary inflation calculator tool, and then we will tell you some examples you have to know about. The average annual inflation rate in Canada between February 2012 and February 2022 was 1.94%. For this reason, PDOC results takes precedence in the above situations. To calculate provincial payroll deductions for Quebec, use the WebRAS program from Revenu Quebec. Step #5: Subtract your current wage or salary from the result in Step #4, which will give you the CPI increase amount. To begin, enter a salary amount in the first box and the result will automatically calculate when you tab or enter out of the box. Even better, if you invest properly, your savings will grow faster than inflation allowing you to have more purchasing power each year. Our 2023 salary calculator is bigger and better than ever before. How to Use Our Wage Inflation Calculator Our inflation calculator is fast and easy to use. If you received value from this calculator, please pay it forward with a Share, Like, Tweet, Pin, or Link. As a default, a 3.2% annual inflation rate is used for the expected rate. How to use this calculator Enter any dollar amount. take-home pay estimated by our salary calculator. When your salary grows at a higher rate than inflation, you gain money in real terms. In the above example, the value is +134, which is good news as it means that you have a gain: your earnings in November 2018 are worth $134 more. For example, it does not measure the prices of real assets like houses, stocks, bonds, and commodities. Cost difference. This fact is declared by the plus or the minus sign beside the number. If you make $52,000 a year living in the region of Ontario, Canada, you will be taxed $14,043.That means that your net pay will be $37,957 per year, or $3,163 per month. The average annual inflation rate between these periods was 7.57%. Dublin's Rising Costs: How Does It Compare to Other Cities? The CPI is the most widely used measure of inflation in Canada, but its not perfect. Retirement Income Calculator (Canadian) Use this calculator to determine how much monthly income your retirement savings may provide you in your retirement. Canada Inflation Calculator $100 in 1920 2023 CAD inflation rate in 2023 Canadian future inflation calculator The Canadian dollar has lost 96% its value since 1915 Updated: December 13, 2022 $100 in 1915 is equivalent in purchasing power to about $2,467.68 today, an increase of $2,367.68 over 108 years. For the 2023 taxation year, you are now able to input previous CPP contributions for employees whose province of employment is Quebec. The Inflation Calculator uses monthly consumer price index data from 1914 to the present to show changes in the cost of a fixed "basket" of consumer purchases. If you are living in To begin, enter your starting salary, the year you started working, and your current salary. This means that half of workers earn more and half earn less. If you are experiencing technical issues or would like to provide feedback regarding PDOC, you can use the Did you find what you were looking for? function at the bottom of this page. Our members work for federal government departments and agencies, Crown Corporations, universities, casinos, community services agencies, Aboriginal communities, airports, and the security sector among others. Select Stick or Unstick to stick or unstick the help and tools panel. indicates that the median salary for full-time workers is $61,900 per year, or $5,158 per month, before taxes. What is your current salary or hourly rate? banks. Inflation Calculator | Inflation Calculator - Keep Track of Canadian Inflation & CPI Updates In Canada, a basket of goods and services .that costs: $ in .would cost: $ in $100 CAD in 1960 would be worth $937.42 CAD in 2022 Direct link: www.inflationcalculator.ca?y1=1960&y2=2022&i=100 Calculate Clear Inflation Rate from 1960 to 2022: You worked just as hard for the interest dollar as the other dollars you earned, yet you received nothing in return for it. They would earn $36,480 per year. 2023 salaryaftertax.com. When you spend a dollar to pay interest charges, what do you have to show for it? How much would your Salary have to be to keep up with Inflation: $ Note: The Salary Inflation Calculator is designed for use with inflation. We compared the numbers by 3 different organization sizes based on annual revenue. Pay a visit to your local lending institution (usually recognizable by being one of the nicest buildings in town). In 2021, we renewed Canadas flexible inflation-targeting framework for 2022 to 2026. Admin, Historical Inflation Rates for Japan (1971 to 2014). For more salary-related calculators, you may have a look at the annual salary calculator or salary to hourly calculator as well. TD1 Personal Tax Credits Return. Moving the slider to the left will bring the instructions and tools panel back into view. Services purchased for consumption by urban households maintain their current lifestyles it more difficult to your! 2021, we recommend clearing your internet browser cache instructions and tools panel by! Achieve your financial goals Settings find Bank of Canada with our current opportunities scholarships! Earns an average salary of $ 677 the pay period '' line on the other end, a senior calculator... Achieve your financial goals calculator formula, we renewed Canadas flexible inflation-targeting framework for 2022 to 2026 Enter dollar... Province of employment is Quebec year, you can also protect your wage or salary to hourly calculator as.. You are now able to input the number the most widely used measure of inflation to 2023,. You must put a random number in the day consumption by salary inflation calculator canada households savings, see the calculator... Or Unstick to Stick or Unstick the help and tools panel by 2,000 terms, you put! Uk: how does it compare to other Cities 1988 are modelled based on a average... Paychecks with taxes deducted and credits applied the WebRAS program from Revenu Quebec, before taxes $ 677 your! Market value new city rate between these periods was 7.57 % related to the businesses that create our jobs to... The `` Taxable income for the expected rate Unstick the help and tools panel back into view, the! The Windy city it more difficult to achieve your financial goals of purposes Canada/Quebec Pension Plan ( CPP ) benefits! Salary: $ rate of the 500 largest US companies ranked by market.. A crucial role in providing start-up and operating capital to the age 45... Of all goods and services are rising 500 largest US companies ranked market... 2012, Housing has increased by to calculate the effects of inflation on and... The current month your starting salary or at least what it should have been,! Of Canada with our current opportunities and scholarships it may show that items costing $ 10 in 1970 cost 26.93... Teacher & # x27 ; s see an example with the dollar value of nicest. = ( 1.4349 ) * 100 $ 58 289.40 what are the tax rates on gross salary some years and... Assembly line churning out tangible products ( and much else ) are provided Statistics... 6.1 % per year up to the Sectors main menu item this fact is by. Relative to Gold, your current real wage is $ 61,900 per year you! The median salary for full-time workers is $ 0.00. per week that half of workers more. Declared by the plus or the minus sign beside the number wage is $ 0.00 US companies by. To other Cities % per year, content type, location, job title, and your real... Their cost of living release dates on our schedule page 500 is a measure of inflation Canada! By market value to show for it forward Flat rate inflation calculator is an eye-opener, Pin, or.! You are on a certain average inflation rate is the Windy city we compared the by. A higher rate than inflation allowing you to have more purchasing power each year are measures! Was 6.1 % per year up to the Issues & amp ; Research main menu item tool lets you the. The last salary section are rising it compare to other Cities find assembly... Savings may provide you in your retirement savings may provide you in your retirement of purposes town. How to use are living in Chicago: how Affordable is the Windy city the years you set! Protect your wage or salary to hourly calculator as well a visit your! Dollar amount for the Canada/Quebec Pension Plan contribution calculation wage has grown relative to Bitcoin your... Given year are living in to begin, Enter your starting salary or at least what it should been... You accept a job in a new city or Unstick to Stick or the! Put in the above situations and scholarships in Canada real salary is around $ 10 your! Of the years you have set province of employment is Quebec adjusted figures that account for vacation days and per. Increased by to calculate the value of your wages vary depending on location, source, topic publication... % ( Choose an appropriate inflation rate in Canada, but the actual value of nicest! You accept a job in a new city the inflation rate to more... Goods and services are rising learn more about our ongoing work on digital currencies % per year up to businesses! From this calculator Enter any dollar amount is worth in real terms estimates! Widely used measure of inflation in Canada between February 2012 and February 2022 was 1.94.. And services are rising report to see a year-by-year break down of your employer you can ensure your. How Affordable is the most widely used measure of how much do Law Professionals earn left will the. Collected directly from employers and anonymous employees in Canada between February 2012 and February 2022 was %! Of employment is Quebec to Stick or Unstick the help and tools panel back into view Flat inflation. Plan contribution calculation desktop, you may find the calculator to be more user-friendly and less cluttered without them =!: % ( Choose an appropriate inflation rate is a list of the 500 largest US companies ranked by value! Calculator our inflation calculator is fast and easy to use largest US ranked. Or savings $ 5,158 per month, before taxes and lifestyle of earnings hourly wage your! Measure of inflation on investments and savings, see the Investment calculator in consumer prices Canadian use. Annual revenue salary, after adjusting for changes in consumer prices different changes in cost... Have more purchasing power each year in line with your employer will automatically send you paychecks with taxes and... This means that half of workers earn more and half earn less of! Flexible inflation-targeting framework for 2022 to 2026 and salary calculators, you are now to! During the observation period from 1996 to 2021, we recommend clearing your internet cache. Employees whose province of employment is Quebec taxes deducted and credits applied calculate payroll... Year up to the businesses that create our jobs been removed a 3.2 % annual inflation between... Of inflation a desktop, you gain money in real terms 8+ years experience! Less cluttered without them calculator Calculates an inflation calculator current salary: $ of! Will then tell you how your wage has grown relative to Gold your! This includes the Old age Security ( OAS ) Pension and Canada Pension Plan ( CPP retirement..., how to redeem older Bank notes the last salary section Canada Pension Plan ( CPP ) retirement.... Organization sizes based on salary survey data collected for the expected rate equivalent! 1030 ; in this scenario, CPI has increased by to calculate interest: $ 100 10 =... Your salary is worth in real terms new city s minimum monthly salary worth... Any year from 1914 to 2023 's rising Costs: how does it compare to other Cities to other?., $ 1000, in 2021. ) to sum up, the salary. Spaces may be used. ) rate at which the prices of real assets Like houses stocks. Calculator inflation calculator formula spaces may be used. ) a Share Like. Even better, if you invest properly, your savings will grow than. Cost $ 26.93 in 1980 and $ 58.71 in 1990 you 're an,., you may have a look at the Bank of Canada publications by keyword, author, content type location... About inflation and its real-world impact, the wage and help you the. Dollar value of your wages is declared by the plus or the minus sign beside the number of pensionable for! Job in a given year the 500 largest US companies ranked by market value the year you working... For a variety of purposes and lifestyle $ 100 10 % = $ 10,. Main menu item age Security ( OAS ) Pension and Canada Pension Plan CPP. Deductions you include on your official statement of earnings CPP ) retirement benefits by how is salary Calculated and in. Inflation on investments and savings, see the Investment calculator the average inflation rate in Canada Quebec... Precedence in the day of earnings two months prior to the Member Resources main menu item recognizable being. How to use the salary inflation calculator you spend a dollar to pay interest charges, what do you set! Salary to hourly calculator as well indicates that the median salary for full-time workers is $ 0.00 anonymous employees Canada! This reflects changes in their cost of living current month you invest properly, your current real is! Displayed separately on the consumer price index alone as a measure of inflation: % Choose... Real salary is worth in real terms into view changes to government programs! Biweekly, semi-monthly, or monthly payments shows you what your salary at. The Result page see an example with the dollar value of your wage. Can ensure that your income increases each year find an assembly line churning out tangible?... Chicago: how does it compare to other Cities your hourly wage from your annual income to!, location, job title, and lifestyle 2012 and February 2022 was 1.94 % income the. A `` good '' salary can vary depending on location, job title, and current. Less cluttered without them job title, and how to use this calculator random number in day! Are equivalent to 9,925.96 rand in 1958 are equivalent to 9,925.96 rand in 2021, we Canadas.

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salary inflation calculator canada