Quote:
Originally Posted by Truenorth00
At least the rents seem to reflect the tax differences. The housing prices might too when you look at mortgage payments.
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I did some quick calculations. Of course there are a lot of things that can vary the numbers, but if you take out a mortage for the rough price difference these days, you'll be paying about 1200 a month on that.
So about 15000 dollars a year *less* in Quebec for housing.
I then checked out income tax calculators. For a couple with two incomes, they each would have to make about 150000 per year in order to arrive at a 15000 tax difference in Ontario's favour (2 x 7500).