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17) Is it more expensive to live in Canada than the U.S. ? - Law Wise Professional Corporation
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17) Is it more expensive to live in Canada than the U.S. ?

17) Is it more expensive to live in Canada than the U.S. ?

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The cost of living in Canada varies depending on where you decide to live. In general, the cost of living is higher in large cities than in smaller, more rural villages. Most Canadians spend 35% to 50% of their income on housing and utilities.

 

Like many countries, Canada adds sales taxes to many goods and services. The Goods and Services Tax (GST) is a tax imposed by the Canadian government that is added to the price of most goods and services. In most provinces, there is also a provincial sales tax (PST), which varies between 7% and 10%. Newfoundland and Labrador, New Brunswick, Nova Scotia, Prince Edward Island and Ontario combine the GST with the PST and call it the HST.

While Canada may have slightly higher taxes than the U.S. in general, health care and education costs are much lower.

Overall, your costs will depend on the lifestyle choices you will make.



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