Requesting help to know Cost of living for family of 3

[harishyadav81]

Hello everyone

I am scheduled to shift to Toronto in Jan-15 and would like to know the cost of living for a family of 3 in Toronto
My son is 2 yrs old and wife is not working.

Would like to know the following :

1) The monthly take home post tax
2) the monthly expenses all inclusive (without car)
3) approx savings in CAD / month

Thanks a lot for your help

 

[Salil2013]

Dude first of all, use move word, shift does't work here,

second thing would be cost of living is $1400 and taxes will be as per the bracket, your tax bracket would be 40%, without car your expense would be $1800, that includes your TTC pass and saving would be depends upon you how much luxurious life you want

 

[canadacec123]

Hello everyone

I am scheduled to shift to Toronto in Jan-15 and would like to know the cost of living for a family of 3 in Toronto
My son is 2 yrs old and wife is not working.

Would like to know the following :

1) The monthly take home post tax It is based on your job. However, minimum wage in general job id $11/hr. with that it would be ~1500-~1800 per month.
2) the monthly expenses all inclusive (without car) ~$700-~$1200 house rent (depends how you want to live), ~$200 commute, ~400 home and other exp.
3) approx savings in CAD / month. Are you kidding? How can any body would tell you..?

Initially, You may need to buy the insurance as well. Based on where you are landing. In Ontario, you will not be covered for first three month so take that also in consideration. Believe me, without insurance health services are so heavy on pocket.

Thanks a lot for your help

 

[SinghLovCan]

Harish Yadav, estimate 10,000 per month easily if living in Toronto. Good luck

 

[rhcohen2014]

Harish Yadav, estimate 10,000 per month easily if living in Toronto. Good luck

who in their right mind spends $10,000 a month on basic living expenses for a family of 3? that means the family must NET $120,000 income for the year. that's ridiculous. the average income is certainly far below that.

for the original poster, i believe there's a website where you can estimate how much taxes will be taken out based on your salary. try this website to calculate how much will be deducted from your paycheck.
https://simpletax.ca/calculator

as for expenses, Toronto is expensive, so you will want to start researching apartment rentals in toronto, as well as any child care you may need. those expenses are generally the highest. for utilities, you will probably need to pay for them on top of rent. i can't give specific prices for the area because i am not there, though i am in Ontario.

Also, start researching Immigrant Settlement organizations in Toronto. (google is a great place to start) Guaranteed there are plenty around that can help guide you in settling in the area.

 

[mrbeachman]

People should be very aware that the minimum wage $11 an hour job almost never means 40 hours a week, unless you work at the factory.

 

[hibakrey]

People should be very aware that the minimum wage $11 an hour job almost never means 40 hours a week, unless you work at the factory.


[hello, how many hour u mean if not 40? more or less?

 

[polara69]

People should be very aware that the minimum wage $11 an hour job almost never means 40 hours a week, unless you work at the factory.


[hello, how many hour u mean if not 40? more or less?

usually less..

 

[rhcohen2014]

hello, how many hour u mean if not 40? more or less?

minimum wage is usually paid for part time work, so it can range depending on the needs of the employer. Part time employees will most likely not work more than 30ish hours a week, and that's lucky. Generally it's assumed part time means more like 15-20 hours a week. It's quite typical for people to work 2-3 part time jobs to make up for it. I, myself, just started 2 part time jobs that will *hopefully* provide enough income to pay the bills until I secure my career focused job. It's important to understand it can take 6-8 months, or longer, to find fulltime employment as a newcomer.

 

[hibakrey]

minimum wage is usually paid for part time work, so it can range depending on the needs of the employer. Part time employees will most likely not work more than 30ish hours a week, and that's lucky. Generally it's assumed part time means more like 15-20 hours a week. It's quite typical for people to work 2-3 part time jobs to make up for it. I, myself, just started 2 part time jobs that will *hopefully* provide enough income to pay the bills until I secure my career focused job. It's important to understand it can take 6-8 months, or longer, to find fulltime employment as a newcomer.

hello again so if we are a family of three now (my son is 5 years old) we are waiting for the visa now we did the medical in February 2014, is it good for us if my husband worked (full time or two part time jobs or what ever job he can get for the first period) and me just one part time job so i can be at home for my son after school? so that we can spare to pay for day care after school. and what if we had another baby after landing? we will have to put him in day care also and it will cost us more what we are earning! cs in Toronto the daycare is so expensive so is it better for me to stay home than? i am really :-\ :-\ worried cs i like to work but i am afraid that the after school care and the day care for the little baby expenses will cross our earning for the first period of time.

 

[rhcohen2014]

hello again so if we are a family of three now (my son is 5 years old) we are waiting for the visa now we did the medical in February 2014, is it good for us if my husband worked (full time or two part time jobs or what ever job he can get for the first period) and me just one part time job so i can be at home for my son after school? so that we can spare to pay for day care after school. and what if we had another baby after landing? we will have to put him in day care also and it will cost us more what we are earning! cs in Toronto the daycare is so expensive so is it better for me to stay home than? i am really :-\ :-\ worried cs i like to work but i am afraid that the after school care and the day care for the little baby expenses will cross our earning for the first period of time.

do either of you have a work permit to work in canada? if no and if you are not a PR, you can NOT work. it is illegal. only citizens, pr's, and those on visas that specify permission to work are legally allowed to work in canada. I'd imagine your husband has permission to work if he's sponsoring you? if neither of you have permission to work in canada as a foreign national, then ANY type of work is illegal, and you can't do it until the government of canada issues you permission to.

If either of you have a work permit and it allows you to work for anyone, then yes, you both can get jobs and it will help with your finances.

 

[hibakrey]

do either of you have a work permit to work in canada? if no and if you are not a PR, you can NOT work. it is illegal. only citizens, pr's, and those on visas that specify permission to work are legally allowed to work in canada. I'd imagine your husband has permission to work if he's sponsoring you? if neither of you have permission to work in canada as a foreign national, then ANY type of work is illegal, and you can't do it until the government of canada issues you permission to.

If either of you have a work permit and it allows you to work for anyone, then yes, you both can get jobs and it will help with your finances.

hello and thank you for your reply, about your question yes we are immigrants with permanent residence so we are entitled both for working in canada , we went with the quebec program and we have the certificate of selection from quebec (CSQ) and i am the main applicant we will try our luck after landing in montreal to settle in montreal but toronto is our second choice because we have friends there and because the chances of work is higher than montreal, we both are bi-langue (english and french) so language is not a problem for us even my son he speaks fluently french and average english. so i am a bit afraid that the salary of the job that i will get will be equal for the cost of the after school day care and the day care for the baby (if God gave us another one) so why working and waste the time and be away from my kids all day ? u see my point here? is it worth it ? sorry i went long with this hope u or anyone in this forum can advise me in this issue iand shed some light into it. thanks

 

[rhcohen2014]

hello and thank you for your reply, about your question yes we are immigrants with permanent residence so we are entitled both for working in canada , we went with the quebec program and we have the certificate of selection from quebec (CSQ) and i am the main applicant we will try our luck after landing in montreal to settle in montreal but toronto is our second choice because we have friends there and because the chances of work is higher than montreal, we both are bi-langue (english and french) so language is not a problem for us even my son he speaks fluently french and average english. so i am a bit afraid that the salary of the job that i will get will be equal for the cost of the after school day care and the day care for the baby (if God gave us another one) so why working and waste the time and be away from my kids all day ? u see my point here? is it worth it ? sorry i went long with this hope u or anyone in this forum can advise me in this issue iand shed some light into it. thanks

oh i see! yes, that is certainly a valid concern, and it's a typical one here. since i don't know how much daycare is compared to how much an "Average" paycheck for minimum wage is, i can't be too much help there. though, yes i agree, if it costs just as much for day care than you make, then it's not worth it. there are also some companies that may specifically look for people looking for "mother's hours". again, it's dependant on your area.

You may want to also consider Ottawa as a settlement location. the fact your family is bilingual will be a huge asset here, and may take you farther than in toronto. there are certainly employers who seek out bilingualism in employees. Ottawa is 2 hours from Montreal, borders quebec and visiting toronto is easy. it's very clean, affordable, friendly, family oriented, and definitely does not get the credit it's due for immigrants. industry is growing here, and it's less populated than the other cities. there is also an AWESOME immigrant service organization that i can't speak more highly of. they have been a vital asset in my own settlment here.

 

[hibakrey]

oh i see! yes, that is certainly a valid concern, and it's a typical one here. since i don't know how much daycare is compared to how much an "Average" paycheck for minimum wage is, i can't be too much help there. though, yes i agree, if it costs just as much for day care than you make, then it's not worth it. there are also some companies that may specifically look for people looking for "mother's hours". again, it's dependant on your area.

You may want to also consider Ottawa as a settlement location. the fact your family is bilingual will be a huge asset here, and may take you farther than in toronto. there are certainly employers who seek out bilingualism in employees. Ottawa is 2 hours from Montreal, borders quebec and visiting toronto is easy. it's very clean, affordable, friendly, family oriented, and definitely does not get the credit it's due for immigrants. industry is growing here, and it's less populated than the other cities. there is also an AWESOME immigrant service organization that i can't speak more highly of. they have been a vital asset in my own settlment here.

Hello again,
Can u please explain to me what u mean by (there are also some companies that may specifically look for people looking for "mother's hours". again, it's dependant on your area.) ?

 

[rhcohen2014]

Hello again,
Can u please explain to me what u mean by (there are also some companies that may specifically look for people looking for "mother's hours". again, it's dependant on your area.) ?

"mother's hours" are typically part time jobs during the day (usually related to office work) that happen to work around childcare/school hours. for example, a company may look for someone who is available from 9-2, which would work out to be after drop off/before pick up. again, it's dependant on your area, and specifically what the employer is seeking in a part time employee.