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  1. Any salary above $54,450 per year (or $27.92 per hour, gross income) could be considered a good salary in Canada. However, the definition of a good salary depends on the province/territory where you decide to live, your lifestyle, and your monthly expenses, among other factors.

    • Francisco Velasquez
    • 13 min
    • Alabama. Total required income before taxes: $28,652. Estimated housing costs: $7,357. Estimated food costs: $3,177.
    • Alaska. Total required income before taxes: $31,333. Estimated housing costs: $10,851. Estimated food costs: $3,792.
    • Arizona. Total required income before taxes: $31,077. Estimated housing costs: $9,363. Estimated food costs: $3,792.
    • Arkansas. Total required income before taxes: $27,652. Estimated housing costs: $6,526. Estimated food costs: $3,171.
  2. May 6, 2024 · In Canada, the average cost of living for a single person is $1,330.70 per month without rent. If renting a 1-bedroom apartment in a city centre, the average rate is $1,637.29 monthly, and $1,404.08 per month if outside the city centre.

    • The Average Salary For Ages 16-24
    • The Average Salary For Ages 25-34
    • The Average Salary For Ages 35-44
    • The Average Salary For Ages 45-54
    • The Average Salary For Ages 55-64
    • The Average Salary For Ages 65+
    • The National Average Salary
    Average monthly salary:$1,400
    Average annual salary:$17,300
    Average monthly salary:$3,908
    Average annual salary:$46,900
    Average monthly salary:$5,308
    Average annual salary:$63,700
    Average monthly salary:$5,558
    Average annual salary:$66,700
    Average monthly salary:$4,550
    Average annual salary:$54,600
    Average monthly salary:$1,883
    Average annual salary:$22,600
    Average monthly salary:$4,108
    Average annual salary:$49,300
  3. Jul 30, 2024 · If you want to know how much you should earn or whether a particular salary offer is up to standard, it's important to understand what constitutes a fair salary and how your personal definition of one can change.

  4. Feb 9, 2024 · The answer to how much you should have saved depends on how you want to live in retirement. Data from Statistics Canada shows that retired Canadians have a median annual income of $37,100 . Of that, a median of $21,100 comes from RRSPs and pensions and $16,100 comes from government programs including Old Age Security (OAS), Guaranteed Income ...

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  6. 3 days ago · Workers in Toronto need to make $26 an hour — nearly $9 more than the current minimum wage — to make a living, the Ontario Living Wage Network (OLWN) reported.

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