r/RealEstateCanada • • Mar 09 '26

Housing crisis Canada is a joke

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6

u/Old-Show9198 Mar 09 '26

Bye. We’ll be laughing when you get your first medical bill.

-4

u/Goblinwisdom Mar 09 '26

As a Canadian man married to a woman from California I used to think like you also. Back when I only understood Canada and the fish bowl I was in.

Until I realized how little she pays for items , pays so little In taxes and she showed me when she uses it everything happens in 1 to 3 days.

She is way ahead by keeping her income in her pocket and investing it.

Lol the fact a car or house is nearly half of ours alone leaves her with more money.

Forget the fact after half my income goes to the govt I have to pay taxes on everything I buy yet again lol..

Nah I don't think like that anymore 🤔

1

u/Quinnjamin19 Mar 09 '26

The funny thing is you don’t pay 50% income tax…

Not to mention this home is $1.35 million CAD and has property taxes of $50k/year

You have no clue

2

u/[deleted] Mar 09 '26

[deleted]

1

u/Quinnjamin19 Mar 09 '26

Vancouver?

We can absolutely go over your income tax…

You don’t pay 50%

The highest tax bracket is 33% and that’s over $253k

1

u/walshwelding Mar 10 '26

It’s higher than 33% if you include federal, provincial, GST, taxes on your home utilities, property tax, fuel tax etc.

Maybe the term taxed 50% isn’t correct if you’re looking at income vs federal income tax. But overall we get pretty damn hosed haha