How much to live, cost breakdown.
Dec 29th 2006, 11:55 pm
#46
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Thread Starter
Joined: Jan 2004
Location: JAFAland, NZ
Posts: 747
Re: How much to live, cost breakdown.
I refer you to a post I made some time ago when this subject was raised by someone who was too lazy or incapable to research this (not unimportant) information themselves.
http://britishexpats.com/forum/showt...53#post3931553
http://britishexpats.com/forum/showt...53#post3931553
Dec 30th 2006, 12:03 am
#47
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Joined: Dec 2006
Location: Nova Scotia Canada
Posts: 27,078
Re: How much to live, cost breakdown.
No direct deductions for yourself, spouse or children. The only deduction you get (talking personal and family deductions here) is for 15% of you personal exemption. In other words, you calculate your tax on income and then deduct 15% of the personal deduction. You can only deduct for you spouse (in the same manner) by subtracting her income from the basic allowance. Of course if she is filing her own return, she will take the deduction for herself, and you cannot. There is no such thing as a joint tax return here, so each does their own. There are other things for which you can take the same rate of reduction of taxes. In Ontario, the Provincial tax is usually equal to about 50% of your federal tax. No deductions for mortgage interest. As an example, on a $70,000 income in 2000, I paid over $20,000 in taxes, Not including UIC and CPP.
Dec 30th 2006, 4:02 am
#48
Banned
Joined: Dec 2006
Location: Beautiful BC
Posts: 1,106
Re: How much to live, cost breakdown.
Only two of us, lower mainland BC - so hope this helps.
Mortgage (less than $100K @ 4.9%) $580/mo.
Gas heat $89/mo (1700 sq ft one level house)
Electric $71/mo
Car Insurance (2006 Jeep Grand Cherokee, safe driver discount) $122/mo
Cable, internet, PPV, $109/mo
Phone incl long distance plan, cheap calls to UK - $60/mo
2 cell phones, unlimited mins $62/mo
Gas (petrol) - currently abominable $1.05 a litre.
Food - we eat well! - about $100/week, plus we eat out twice a week.
Train pass for approx 1 hour commute to Vancouver - $170/mo. Well worth it.
Mortgage (less than $100K @ 4.9%) $580/mo.
Gas heat $89/mo (1700 sq ft one level house)
Electric $71/mo
Car Insurance (2006 Jeep Grand Cherokee, safe driver discount) $122/mo
Cable, internet, PPV, $109/mo
Phone incl long distance plan, cheap calls to UK - $60/mo
2 cell phones, unlimited mins $62/mo
Gas (petrol) - currently abominable $1.05 a litre.
Food - we eat well! - about $100/week, plus we eat out twice a week.
Train pass for approx 1 hour commute to Vancouver - $170/mo. Well worth it.
Dec 30th 2006, 3:54 pm
#49
Forum Regular
Joined: Sep 2004
Posts: 251
Re: How much to live, cost breakdown.
HI
Bit of a difference on Cost of livings here...
I am Guessing for 2 adults and 1 child living in Ontario without a mortgage and a 3 bed detached house in the Cambridge/Guelp area:
Motgage N/A
Property Tax 250p/m
Tv Licence N/A
Gas (heating etc) and elect 180 p/m
Water/Sewage 70p/m
phone (landline) 50p/m
Internet/cable 105p/m
Gas (petrol) 60p/m
food 550p/m
Life Ins... Not sure on this one??
House Ins 75p/m
Car Ins 165p/m
Total $1505
Sound about right??????
These are just my estimates going on reading threads on this site....I know they will vary!!!!
Bit of a difference on Cost of livings here...
I am Guessing for 2 adults and 1 child living in Ontario without a mortgage and a 3 bed detached house in the Cambridge/Guelp area:
Motgage N/A
Property Tax 250p/m
Tv Licence N/A
Gas (heating etc) and elect 180 p/m
Water/Sewage 70p/m
phone (landline) 50p/m
Internet/cable 105p/m
Gas (petrol) 60p/m
food 550p/m
Life Ins... Not sure on this one??
House Ins 75p/m
Car Ins 165p/m
Total $1505
Sound about right??????
These are just my estimates going on reading threads on this site....I know they will vary!!!!
Dec 30th 2006, 4:09 pm
#50
Forum Regular
Joined: Jul 2004
Location: Maple Ridge BC
Posts: 123
Re: How much to live, cost breakdown.
Hi there
Haven't got time to read through 4 pages of replies so someones maybe already said this. We had no dillusions about the cost of living in Canada as we had been here on holiday many times and lots of our friends lived here. When you weigh everything up it is about the same as living in the UK in fact maybe a bit more expensive. Cars and fuel are cheaper but insurance is dearer. Electricity, phone, internet is cheaper but grocery shopping a lot dearer. Rates are cheaper as we are paying about the same living near the city as we were living out in the countryside in UK for council tax.
Clothes, shoes etc are dearer than UK if you compare quality. Electrical goods are the same price as UK. You'll also have 30 - 40% deducted off your wages every week and still have to pay for medical cover ($108 a month for family $54 for single person here in BC) even although my company pays this and extended medical you still get taxed on it.
Although my husband is making the same as he was in the UK, I am making approximately half in the same job.
Hope this is of some use to you. Despite the fact that we are not any better off financially we have a much better quality of life. We were up snowboarding until ten o clock last night only 40 minutes away from our house. There are bald eagles nesting in the trees just up the road from us and I walk my dogs at a lake ten minutes from here that looks like a scene out of Lord of the Rings. There are a lot more important things than money.
Haven't got time to read through 4 pages of replies so someones maybe already said this. We had no dillusions about the cost of living in Canada as we had been here on holiday many times and lots of our friends lived here. When you weigh everything up it is about the same as living in the UK in fact maybe a bit more expensive. Cars and fuel are cheaper but insurance is dearer. Electricity, phone, internet is cheaper but grocery shopping a lot dearer. Rates are cheaper as we are paying about the same living near the city as we were living out in the countryside in UK for council tax.
Clothes, shoes etc are dearer than UK if you compare quality. Electrical goods are the same price as UK. You'll also have 30 - 40% deducted off your wages every week and still have to pay for medical cover ($108 a month for family $54 for single person here in BC) even although my company pays this and extended medical you still get taxed on it.
Although my husband is making the same as he was in the UK, I am making approximately half in the same job.
Hope this is of some use to you. Despite the fact that we are not any better off financially we have a much better quality of life. We were up snowboarding until ten o clock last night only 40 minutes away from our house. There are bald eagles nesting in the trees just up the road from us and I walk my dogs at a lake ten minutes from here that looks like a scene out of Lord of the Rings. There are a lot more important things than money.
Dec 30th 2006, 7:24 pm
#51
BE Enthusiast
Thread Starter
Joined: Jan 2004
Location: JAFAland, NZ
Posts: 747
Re: How much to live, cost breakdown.
Only two of us, lower mainland BC - so hope this helps.
Mortgage (less than $100K @ 4.9%) $580/mo.
Gas heat $89/mo (1700 sq ft one level house)
Electric $71/mo
Car Insurance (2006 Jeep Grand Cherokee, safe driver discount) $122/mo
Cable, internet, PPV, $109/mo
Phone incl long distance plan, cheap calls to UK - $60/mo
2 cell phones, unlimited mins $62/mo
Gas (petrol) - currently abominable $1.05 a litre.
Food - we eat well! - about $100/week, plus we eat out twice a week.
Train pass for approx 1 hour commute to Vancouver - $170/mo. Well worth it.
Mortgage (less than $100K @ 4.9%) $580/mo.
Gas heat $89/mo (1700 sq ft one level house)
Electric $71/mo
Car Insurance (2006 Jeep Grand Cherokee, safe driver discount) $122/mo
Cable, internet, PPV, $109/mo
Phone incl long distance plan, cheap calls to UK - $60/mo
2 cell phones, unlimited mins $62/mo
Gas (petrol) - currently abominable $1.05 a litre.
Food - we eat well! - about $100/week, plus we eat out twice a week.
Train pass for approx 1 hour commute to Vancouver - $170/mo. Well worth it.
Dec 30th 2006, 7:26 pm
#52
BE Enthusiast
Thread Starter
Joined: Jan 2004
Location: JAFAland, NZ
Posts: 747
Re: How much to live, cost breakdown.
Hi there
Haven't got time to read through 4 pages of replies so someones maybe already said this. We had no dillusions about the cost of living in Canada as we had been here on holiday many times and lots of our friends lived here. When you weigh everything up it is about the same as living in the UK in fact maybe a bit more expensive. Cars and fuel are cheaper but insurance is dearer. Electricity, phone, internet is cheaper but grocery shopping a lot dearer. Rates are cheaper as we are paying about the same living near the city as we were living out in the countryside in UK for council tax.
Clothes, shoes etc are dearer than UK if you compare quality. Electrical goods are the same price as UK. You'll also have 30 - 40% deducted off your wages every week and still have to pay for medical cover ($108 a month for family $54 for single person here in BC) even although my company pays this and extended medical you still get taxed on it.
Although my husband is making the same as he was in the UK, I am making approximately half in the same job.
Hope this is of some use to you. Despite the fact that we are not any better off financially we have a much better quality of life. We were up snowboarding until ten o clock last night only 40 minutes away from our house. There are bald eagles nesting in the trees just up the road from us and I walk my dogs at a lake ten minutes from here that looks like a scene out of Lord of the Rings. There are a lot more important things than money.
Haven't got time to read through 4 pages of replies so someones maybe already said this. We had no dillusions about the cost of living in Canada as we had been here on holiday many times and lots of our friends lived here. When you weigh everything up it is about the same as living in the UK in fact maybe a bit more expensive. Cars and fuel are cheaper but insurance is dearer. Electricity, phone, internet is cheaper but grocery shopping a lot dearer. Rates are cheaper as we are paying about the same living near the city as we were living out in the countryside in UK for council tax.
Clothes, shoes etc are dearer than UK if you compare quality. Electrical goods are the same price as UK. You'll also have 30 - 40% deducted off your wages every week and still have to pay for medical cover ($108 a month for family $54 for single person here in BC) even although my company pays this and extended medical you still get taxed on it.
Although my husband is making the same as he was in the UK, I am making approximately half in the same job.
Hope this is of some use to you. Despite the fact that we are not any better off financially we have a much better quality of life. We were up snowboarding until ten o clock last night only 40 minutes away from our house. There are bald eagles nesting in the trees just up the road from us and I walk my dogs at a lake ten minutes from here that looks like a scene out of Lord of the Rings. There are a lot more important things than money.
