Cost of Living in Canada

[afaraz]

This thread indeed has developed into an informative one after the initial post of Jitz. Nice job there, brother.

Dear Alfaraz,

Here's the latest income tax structures of Canada, our soon to be country of citizenship :

Federal Income Tax rates for 2009:
15% on the first $40,726 of taxable income, +
22% on the next $40,726 of taxable income (on the portion of taxable income between $40,726 and $81,452), +
26% on the next $44,812 of taxable income (on the portion of taxable income between $81,452 and $126,264), +
29% of taxable income over $126,264.

Check http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html for more details.

Thanx & regards

Thanks a lot for the Information from all the brothers and sisters.

I will be intrested in more post on this topic. I will share any iinformation avaiable to share with you.

 

[afaraz]

Thanks a lot for the Information from all the brothers and sisters.

I will be intrested in more post on this topic. I will share any iinformation avaiable to share with you.

I have visited that link, If you will see the link in the next section there some more taxes for Provinces. So, will these rates also apply on your income ?

 

[mtlguy]

I have visited that link, If you will see the link in the next section there some more taxes for Provinces. So, will these rates also apply on your income ?

Yes, from your total pay the following are deducted

1. Federal tax
2. Provincial tax
3. Unemployment insurance (EI)
4. Private medical insurance (if your company has a group program ..this will cover the cost of medicines, dental etc),
5. In quebec we also have the QPP (Quebec pension plan) and QPIP (Quebec parental insurance plan)

http://www.rrq.gouv.qc.ca/en/programmes/regime_rentes/Pages/regime_rentes.aspx

http://www.rqap.gouv.qc.ca/index_en.asp

So a lot of money is deducted from the paycheck. I am not sure if other provinces have the equivalent of QPP and QPIP

As far as the groceries go, there are several places where one could purchase their groceries. You have the Maxi, Zellers, IGA. The difference in price is significant and so is the difference in quality. We use tomatoes, potatoes and onion a lot and sometimes Maxi does'nt have good quality veg and we end up buying these items from the higher end shop i.e. IGA.

The asian/indian grocery shop sometimes carry great veggies for cheap and sometimes have very bad quality veggies...so we don't depend on them too much...but thats just us. I hope this answers the question about the significant cost difference in grocery shopping.

If you need any other info, feel free to ask.

Good luck!

 

[ali_ksa]

Salam Dear brothers!
Thanks alot on behalf of all form fellows for sharing such useful info.
well I also have some question from you which are
1) For the family(Husband Wife and a kid) how much money needed to take with them .
means that what would be their monthly expenditure including each and every thing(Toronto base).
because in case if applicant is unable to find job within 2 to three months then how much amount should he take for three family members.

2) What is amount of money(monthly) for children given by Canadian Govt. and this benifit is upto which year of age.
thanking you.
regards
Ali

 

[afaraz]

Yes, from your total pay the following are deducted

1. Federal tax
2. Provincial tax
3. Unemployment insurance (EI)
4. Private medical insurance (if your company has a group program ..this will cover the cost of medicines, dental etc),
5. In quebec we also have the QPP (Quebec pension plan) and QPIP (Quebec parental insurance plan)

http://www.rrq.gouv.qc.ca/en/programmes/regime_rentes/Pages/regime_rentes.aspx

http://www.rqap.gouv.qc.ca/index_en.asp

So a lot of money is deducted from the paycheck. I am not sure if other provinces have the equivalent of QPP and QPIP

As far as the groceries go, there are several places where one could purchase their groceries. You have the Maxi, Zellers, IGA. The difference in price is significant and so is the difference in quality. We use tomatoes, potatoes and onion a lot and sometimes Maxi does'nt have good quality veg and we end up buying these items from the higher end shop i.e. IGA.

The asian/indian grocery shop sometimes carry great veggies for cheap and sometimes have very bad quality veggies...so we don't depend on them too much...but thats just us. I hope this answers the question about the significant cost difference in grocery shopping.

If you need any other info, feel free to ask.

Good luck!

Thansk for this use full information . I will ask more information from you later.

Regards,
Afaraz

 

[jcu121579]

Hi guys,

I check from this website tax cost...
http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html

Is it federal tax plus provincial tax?

like 22%+11% if you are in toronto?

jcu121579

 

[chibiks]

found this calculator at ernest & young; has march 2010 rates.
http://www.ey.com/CA/en/Services/Tax/Tax-Calculators-2010-Personal-Tax

 

[chibiks]

is Private medical insurance conpulsory? typically how much per year? I Thought PRs are covered by the Government for medical insurance?

 

[JigJig]

This is a good thread. One question though, since all of you are immigrants. How was the job hunting? were you able to get the same job ?(which you had previously or inline ?) I hope I could post my share soon ;D

 

[mtlguy]

Private medical insurance covers for the cost of medicines i.e. any prescription drugs, dental and vision. It is not mandatory to have it...but good to have it if your employer has a group program. The govt sponsored health program covers any hospitalization, trip to ER and walk in clinic.

is Private medical insurance conpulsory? typically how much per year? I Thought PRs are covered by the Government for medical insurance?

 

[prsh_patel]

This post, indeed, becoming very informative..

 

[phdmaker]

Very informative.............. keep going guys

 

[abrargujjar]

dear i have plan to live Edmonton any body update me that how much take salary per month and 02 room home rented and how much expenses with family.

thanks,
abrar

 

[tunnytox]

I landed in Canada in June but I'm back now in the UK hoping to relocate later....what I am curious about is the car insurance bit most people I met in Canada complained about the astronomical cost of Car Insurance, for instance a couple of them says they pay up to $200 - $300 per month on car insurance for a 1997 car! I found these amount simply outrageous however, most people here are posting arounf $70 - $100 for car insurance can someone living in Canada please throw more light into this area?

Regards

 

[gcctocanada]

Brothers, thank you for a very informative thread. However I have some questions: Toronto/Ontario

1. How much is the amount of daycare per Hr?
2. How much the minimum allowance per child the government is giving?


I have 3 children ages 11, 7, 3.

Thank you in advance.

Bregards,
gcc