By Xiao Jia on April 29, 2006
To analyse the cost of living in canada,you must consider many aspects.
Most Canadians enjoy a high standard of living, and the cost of living varies from province to province. Vancouver, Toronto and Montreal are the most expensive areas; Charlottetown, Winnipeg and Edmonton are much cheaper. Food and housing prices tend to mimic those in the United States. A liter of homogenized milk, a loaf of bread, and a dozen eggs will cost you about $3.50 C ($3.00 USD).
The Federal Government and provincial government plans provide basic hospital and medical care for residents. Four provinces have prescription drug plans for their residents and most provinces provide this benefit for residents 65 and over. Most employers provide healthcare plans above and beyond the basic coverage, including vision and dental benefits, and are now extending health coverage to "same-sex spouses."
Federal tax is calculated, on Schedule 1 of the return, by applying a basic rate of 17% on the first $30,004 C ($19,175 USD) of taxable income. The maximum rate of 29% is applied to any excess over $60,009 C ($38,350 USD) of taxable income. The additional provincial tax rates vary from province to province, from a flat tax of 44% to 62% of the federal tax (Newfoundland, Prince Edward Island, Saskatchewan, Alberta, Yukon, Northwest Territories, Nunavut) to a graduated tax depending on income (Nova Scotia, New Brunswick, Ontario, Manitoba, British Columbia).
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