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by tenpies 3238 days ago
I don't think the COL argument works any more. Toronto is at Brooklyn levels (if not higher). Montreal was better, but got worst when Toronto passed new legislation for rentals and rental properties.

The "free" health insurance - which your taxes pay for - is great for some things but non-existent for others (e.g. routine oral care, routine optical care, physiotherapy required by something other than work, etc). Realistically, you need extended health insurance if you're not elderly, disabled, or on some sort of social care.

Now the nice thing about taxes in Canada is that you won't be taxed at anywhere near the highest bracket. As a Canadian software developer you're looking at around 50% of the salary as your US counterparts [1] which means you'll be in one of the medium tax brackets.

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[1] https://i.imgur.com/huhGbLA.jpg

2 comments

Income taxes are progressive in both Canada and the US, so this tax bracket stuff is a red herring.
It isn't off the bat if the rates are very different. Which seems to be the case: 50% doesn't seem to be in the highest bracket in Canada, according to the OP.
Good points. Though I think the inflation from foreign rental/investment property ownership is semi-temporary - you can bet Montreal is going to pass similar laws soon just as Vancouver and then Toronto did.