Sunday, December 17, 2006

Cost of Living in the Greater Montreal Area


2006 Housing Prices
The average price of a detached house in Montreal is $219,433
Source: Canadian Mortgage and Housing Corporation

Average Rent for Two-Bedroom Apartments in 2004
$594.00 per month
Source: Canadian Housing Observer. 2005

Public Transportation

Ticket

Monthly Pass

Regular

$2.50

$63.00

Reduced

$1.50

$33.75

Source: Societe de transport de Montreal (STM). 2006



2004 Average expenditure per household

Concept

Annual Amount

Food

$7,021

Shelter

$10,520

Household Operation

$2,535

Personal Income Taxes

$12,893

Source: Statistics Canada. 2004.


2006 Minimum Wage
$7.75 per hour

Consumption Taxes
In Montreal, two different taxes are applied to products and services. The federal Goods and Services Tax (GST) is 6%, while the Quebec Sales Tax (QST) is set at 7.5% and applies to the selling price including the GST. Some items including groceries, restaurant meals, and books are PST exempt.

2006 Federal Personal Income Tax

Net Income

Tax

Basic Personal Amount

0%

Up to $36,378

15.25%

Up to $72,756

22%

Up to $118,285

26%

Over $118,285

29%

Source: Canada Revenue Agency. 2006


2006 Provincial Income Tax

Net Income

Tax

Basic Personal Amount

0%

Up to $28,710

16%

Up to $57,430

20%

Over $57,430

24%

Source: Quebec Government. 2006



Alcohol & Cigarettes
Cigerettes range between 8-10$ + taxes. Alcohol varies, can only be bought at SAQ, corner stores, and grocery stores before 11 pm.


1 comment:

Nuraffinah said...

I have study in Canada and i am working in a Hotel part time. I am studying and work also in Canada.


work and study

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