FAQs: Cost of Living in Canada

So, you are ready to start a life in Canada, but what does it cost? This is one of the biggest questions people ask before even applying for a Canadian visa because you can not move to Canada with peace of mind if you do not know whether you can afford it.

Most people think that Canada is an unreachable destination because it is a first-world country and leads as one of the top 10 countries for quality of life in the world. With that in mind, many wonder if they can afford the cost of living in Canada.

While you may be eager to apply to work in Canada, you must also consider if the salary you are aiming for can sustain you each month. The goal of finding a job in Canada is to live comfortably. That means that you should be able to cover all of your expenses and save some money.

How can you do this?

Luckily, the country offers high-paying salaries that will enable you to afford to live in Canada. If you are worried that you will not be able to get a job, you can rest assured in knowing that there are thousands of jobs available for both low-skilled and high-skilled working professionals.

5 Questions Answered: What You Want to Know About the Cost of Living in Canada in 2021

Woman holding money in her hand and thinking

FAQ 1: How Much Money Should I Have Before I Move to Canada?

When you want to immigrate, the Canadian government requires you to present proof of funds to ensure that you have enough money to live to support yourself and your family. It is for your stay in Canada and when you have to return to your home country if your Canadian visa expires.

Total Proof of Funds
Number of Family MembersFunds Required (in Canadian dollars)

Please Note: When you move to Canada, you should bring as much money as you can.

If you are bringing more than C$10,000, you must inform the border officer when you enter Canada.

If you do not inform them, you can be fined and your funds could be seized. This includes funds, such as:

  • Cash
  • Documents that show property or capital that is payable to you, including stocks, bonds, debentures, and treasury bills
  • Documents that guarantee the payment of money that is payable to you, including banker’s drafts, cheques, traveller’s cheques, and money orders

FAQ 2: What is the Cost of Rent in Canada?

You can either rent or buy a property in Canada, yet renting is cheaper. As a newcomer, however, you can rent an apartment on a monthly basis.

The cost to rent in Canada is a minimum of C$350 for a room, yet rental costs for a larger apartment or house can cost at least C$2,000. If you need help to find a place to rent, you can get in touch with Canada’s immigrant-serving-organization.

Rent (Monthly)
1 Bedroom (in City Centre)C$1,338.20
1 Bedroom (Outside City Centre)C$1,123.75
3 Bedrooms (in City Centre)C$2,166.95
3 Bedrooms (Outside City Centre)C$1,827.06

The cost of living in Canada depends on where you live. The closer you live to city centers, the more you will pay for rent, but if you are on a budget, you can live outside the city center and pay much less. Alternatively, if you are moving to Canada alone, you can share an apartment or house, but if you want that big city life, you need to find a good job to match it.

FAQ 3: What is the Cost of My Basic Expenses?

On average, a single person needs C$2,771 a month for living expenses, while a family of four needs a salary of C$5,230. This amount differs, depending on where you live in Canada.

More basic expenses include food, utilities like water and communication service costs, transportation, and general entertainment activities. Compared to the United States, consumer goods are between 25 - 50 percent more expensive in Canada.

Average Cost of Basic Expenses (Per Person)
FoodC$125 - C$215
Public TransportationC$60 - C$155
Fitness ClubC$51.17
Dining OutC$18 - C$35 (Once per person)
CinemaC$14.00 (Once per person)

General Food Items
Milk (1 liter)C$2.46
Fresh bread loafC$2.94
Rice (1kg)C$3.72
Eggs (12)C$3.54
Cheese (1kg)C$12.87
Chicken fillets (1kg)C$13.37
Beef round (1kg)C$14.99
Bananas (1kg)C$1.72
Apples (1kg)C$4.19
Oranges (1kg)C$4.07
Potatoes (1kg)C$2.83
Tomatoes (1kg)C$4.37
Onions (1kg)C$2.67
Lettuce headC$2.56
Water (1.5 liter))C$2.15

Public transportation in Canada (1)

FAQ 4: What Do Canadian Pay Cheque Deductions Include?

If you are employed by a Canadian company, there will be some deductions from your pay cheque that include:

How Much Do Canadians Get Taxed in 2021?
Federal Tax RatesOn Taxable Income
15 percentC$49,020 or less
20.5 percent$49,0520 - C$98,040
26 percent$53,939
29 percent$64,533 - C$216,511
33 percent$216,11 or more

FAQ 5: Is Education and Healthcare Free in Canada?

Canada has a universal healthcare plan, which is an entirely free medical plan for every person living in Canada.

The healthcare plan gets paid for through taxes from Canadian residents. It is one of the best in the world and ranks sixth globally as the most expensive medical care you can receive.

By simply working in Canada and paying taxes, you receive free access to most healthcare services, which means that you do not have to count medical care as a big expense.

The Canadian government also pays for primary and secondary education, except for private schools. All public schools are free of charge. Canada also has one of the best education systems in the world, which means that children are getting the best possible education at no cost, apart from the tax you pay each year.

How to Start Your Canadian Immigration Journey

If you are ready to begin your immigration journey, you can set the process in motion today. While it does cost money to immigrate, the cost of living in Canada can be easily met if you can get a job in Canada.

Although some costs of living are more expensive in Canada than in other countries, the free education, healthcare, and top-quality life for you and your family make up for it.

To learn more about the Canadian immigration process and how to get a job in Canada, you can get all of your questions answered by an ICCRC-registered Regulated Canadian Immigration Consultant (RCIC).

If you did not believe that moving to Canada in 2021 and being able to afford it is possible, think again. Start your journey today.