Household Expenses

How Much Tax Does A Typical Family Pay?

How Much Tax Does A Typical Family Pay?

A recent report indicates Canadian families are now pyaing more in taxes than for food, clothing and shelter combined!!! In 2010, a family with an average income of $72,400 spent about 41% of its income on taxes ($29,913), while spending 34% on the necessities of life. Taxes include those paid to municipal, provincial and...

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Average Monthly Household Expenditure – Update

Average Monthly Household Expenditure – Update

In this economic down turn, how do your family expenses fare with respect to other families? Do they spend less? Does the expenditure actually go up due to price increases? Below is an updated version of mean monthly family expenses for all provinces and territories in Canada during year 2009. Family Household Expense: Year...

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Average Monthly Household Grocery Bill

Average Monthly Household Grocery Bill

About three months ago, I posted an article on Average Monthly Grocery Bill. I was hoping people would comment on that article, sharing how much they spend on grocery with me and the readers. Sadly, people in Canada don’t like to share their thoughts, I suppose. I know a lot of people come to...

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Feature Story

Canadian High Interest Rate Savings Accounts

Each month I put away all my remaining money into some kinds of savings accounts until I need to use it. Instead of locking...

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