I am in the fortunate position to retire at 50 years old and I plan to do so. I live in Florida but was born in Ontario Canada. Since I was a child I wanted to move back. I go to Canada on vacation as often as I can, last year was Quebec City. Anyways I have been reading the forum and the costs are scaring me. I will have a pension when I retire of about 50,000 USD/year. Right now I am in the 28% tax bracket, pay $1450/year in property taxes on a 150k USD home, $2k/year auto insurance for a 4X4 Toyota and a corvette, $350/year insurance on a motorcycle. Currently I live very comfortably on my salary. I plan to go to Nova Scotia (I can afford to pay cash for a home and land there) but I am not locked in on that. I would love Quebec.
Now I keep hearing these people talking about $ 7000/year auto insurance for 1 car and 4 grand a year in property taxes on top of the 30% or more in income tax. I came from Canada and I want to return but it sounds like I cant afford it. Its crazy since my salary is double the national average for an entire family in the US.
Any help on this? :'(
Now I keep hearing these people talking about $ 7000/year auto insurance for 1 car and 4 grand a year in property taxes on top of the 30% or more in income tax. I came from Canada and I want to return but it sounds like I cant afford it. Its crazy since my salary is double the national average for an entire family in the US.
Any help on this? :'(