Author: Clint Curtis

You must keep your Canadian tax records for six years because the Canadian Revenue Agency (CRA) may choose to conduct a review of your Canadian tax return within this timeframe. What tax year can I throw away Canada? six yearsGenerally, you must keep all required records and supporting documents for a period of six years […]

The main issue is a low supply and high demand. Whether you are a renter or a buyer, housing in Canada is difficult to find and expensive. Why is Canada rent so expensive? Inflation, rising interest and mortgage rates, growing utility costs and swelling demand are among the factors combining to lead to increasingly high […]

Canada, for a variety of social and economic reasons, has a declining birthrate and an aging population. There are not enough Canadian born workers to replace the fast retiring Baby Boomer generation, and this trend is predicted to continue while the birth rate continues to decline. Why does Canada have a shortage of skilled workers? […]

Family of four estimated monthly costs are 3,223$ (4,381C$) without rent. A single person estimated monthly costs are 897$ (1,219C$) without rent. Cost of living in Canada is, on average, 8.46% lower than in United States. Rent in Canada is, on average, 29.70% lower than in United States. What is cost of living in Canada […]

Income Classes in Canada Income group Salary range Lower class Less than $32,048 Lower-middle class $32,048 – $53,2413 Middle class $53,413 – $106,827 Upper-middle class $106,827 – $236,000 What are the 5 income classes? Breaking Down Economic Class by Income From that data, they split earners into different classes such as poor, lower-middle class, middle […]

Usually, you’re not allowed to sell, rent or mortgage the family home without the other spouse agreeing to it. This is the case unless you have a court order saying you’re allowed to do so. Find out about the laws in your region, check with a lawyer or visit your provincial or territorial government website. […]

If you make $30,000 a year living in the region of Ontario, Canada, you will be taxed $7,709. That means that your net pay will be $22,291 per year, or $1,858 per month. How much tax do I pay on 30k in Canada? How much federal tax do I have to pay based on my […]

If you make $70,000 a year living in the region of Ontario, Canada, you will be taxed $20,066. That means that your net pay will be $49,934 per year, or $4,161 per month. Your average tax rate is 28.7% and your marginal tax rate is 32.7%. What is 80000 Take home pay Canada? That means […]

Canadian top-income earners pay nearly two-thirds of the country’s personal income taxes, while the top 1 per cent pay more than 20 per cent (see chart). These numbers compare to the bottom 50 per cent of income earners, who pay just 5 per cent in aggregate. What do these numbers tell us? Do the rich […]

If you have a down payment of at least 35% of the purchase price, you may still qualify for a mortgage without the confirmation of employment that is typically required. Here are some guidelines for this situation: You must have immigrated to Canada within 5 years. You must have permanent residence status. How long do […]