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as well as higher taxes and rapidly rising real-estate prices in both Vancouver and Toronto Taxes are lower in Ontario than California for most people.
by acchow 10y ago
as well as higher taxes and rapidly rising real-estate prices in both Vancouver and Toronto
Taxes are lower in Ontario than California for most people.
- refurb 10y agoIncome taxes (maybe). Not VAT, gasoline or alcohol taxes, just to name a few.
- acchow 10y agoOk, so you're saving 4% on VAT in California - if you're spending $40k/year on non-rent things, that's $1600. Alcohol taxes are negligible. Gasoline taxes in Ontario are higher than in California, but also a negligible difference. But high earners pay lower taxes in California because the higher brackets are lower and they can purchase a home (interest portion of mortgage is tax deductible).