The Fraser Institute’s 2023 report suggests that the top income-earning families — those making just under $250,000 — pay the majority of Canada’s taxes.
First of all. It’s the Fraser institute. It’s a Conservative think tank that favors the rich elites in all their so called research.
Additionally, a combined income of $250k isn’t “rich” by today’s standard. That’s fairly middle class. Upper middle class maybe but still middle class. It takes about that much in combined household wages to afford a big enough home, utilities and food for a family with kids to live comfortably but not in any luxury whatsoever, especially in urban areas.
Not really sure what you want me to say… Plenty of people with kids are living comfortably with kids making far less than $250k/year as a combined family.
My family makes slightly under $100k / year and I consider our life to be comfortable.
I have several friends with Kidd that are under the $150k/year mark that live comfortably as far as I know. The only one that doesn’t is the one that wants to live in a major urban centre (who also happen to be the ones with the highest income by far).
I don’t know how anyone can live comfortably in Montreal making $100k/year.
A studio or one bedroom apartment goes for approximately $1000/1200 per month in rent! Groceries cost a fortune now!
Someone making $40-50k/year wouldn’t survive alone. A couple making $100k/year with kids would require at least a two bedroom apartment and would probably have to pay $1500/month. What does that leave for groceries, utilities, a vehicle maybe if they live in a suburban neighborhood, gas, etc?
So you have no idea what I’m actually talking about.
Just because you live in a small town where rent is affordable, doesn’t mean that the majority of rest of Canada’s population, which lives mostly in the cities, have it easy like you.
Go ahead and look at the apartment listings in Montreal and find a reasonably apartment and come up with a budget for a family with two kids on an income of 100k/year that can afford rent, groceries, utilities, and some leisure time. Go ahead.
Man, Montreal sounds super affordable! I live about an hour outside Victoria and rent here for a 1 bed starts around $1600. If I could easily find a nice 2 bedroom for around $1500 it would make my life so much better, I could actually afford to risk being rennovicted so my landlord can fix all the issues in my suite.
First of all. It’s the Fraser institute. It’s a Conservative think tank that favors the rich elites in all their so called research.
Additionally, a combined income of $250k isn’t “rich” by today’s standard. That’s fairly middle class. Upper middle class maybe but still middle class. It takes about that much in combined household wages to afford a big enough home, utilities and food for a family with kids to live comfortably but not in any luxury whatsoever, especially in urban areas.
These are not the people I’m talking about.
You are insane if you think it takes a $250k family income to live comfortably anywhere in this country except major urban centres.
Can you elaborate?
Not really sure what you want me to say… Plenty of people with kids are living comfortably with kids making far less than $250k/year as a combined family.
And how much would you think that a family needs to live comfortably?
My family makes slightly under $100k / year and I consider our life to be comfortable.
I have several friends with Kidd that are under the $150k/year mark that live comfortably as far as I know. The only one that doesn’t is the one that wants to live in a major urban centre (who also happen to be the ones with the highest income by far).
I don’t know how anyone can live comfortably in Montreal making $100k/year.
A studio or one bedroom apartment goes for approximately $1000/1200 per month in rent! Groceries cost a fortune now!
Someone making $40-50k/year wouldn’t survive alone. A couple making $100k/year with kids would require at least a two bedroom apartment and would probably have to pay $1500/month. What does that leave for groceries, utilities, a vehicle maybe if they live in a suburban neighborhood, gas, etc?
Like I said, not a major urban centre.
Edit: And I would consider the suburbs of any major centre to be part of that area, not a separate area.
So you have no idea what I’m actually talking about.
Just because you live in a small town where rent is affordable, doesn’t mean that the majority of rest of Canada’s population, which lives mostly in the cities, have it easy like you.
Go ahead and look at the apartment listings in Montreal and find a reasonably apartment and come up with a budget for a family with two kids on an income of 100k/year that can afford rent, groceries, utilities, and some leisure time. Go ahead.
Man, Montreal sounds super affordable! I live about an hour outside Victoria and rent here for a 1 bed starts around $1600. If I could easily find a nice 2 bedroom for around $1500 it would make my life so much better, I could actually afford to risk being rennovicted so my landlord can fix all the issues in my suite.