2006 Housing PricesThe average price of a detached house in Toronto is $365, 537
Source: Canadian Mortgage and Housing Corporation
Average Rent for Two-Bedroom Apartments in 2004$1,052 per month
Source: Canadian Housing Observer. 2005
Public Transportation
Ticket Monthly Pass
Regular $2.75 $99.75
Senior/Student $1.85 $83.75
Source: Toronto Transit Commission. 2006
Ticket Monthly Pass
Regular $2.75 $99.75
Senior/Student $1.85 $83.75
Source: Toronto Transit Commission. 2006
2005 Average Car Insurance in Ontario$2,383.64 per year
Source: Car Test .ca
2004 Average expenditure per household
Concept Annual Amount
Food $7,632
Shelter $16,589
Household Operation $3,503
Personal Income Taxes $17,272
Source: Statistics Canada. 2004.
2006 Minimum Wage$7.75 per hour
Consumption TaxesIn Toronto
Two different taxes are applied to products and services. The federal Goods and Services Tax (GST) is 6%, while the Provincial Sales Tax (PST) is set at 8% and applies to the selling price including the GST. Some items including groceries, restaurant meals, and books are PST exempt.
2006 Federal 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
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
1 comment:
Yes i am totally agreed with this article and i just want say that this article is very nice and very informative article.I will make sure to be reading your blog more. You made a good point but I can't help but wonder, what about the other side? !!!!!!Thanks Living in Canada
Post a Comment