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- Taxes on Residents
Typical Tax Burden on Residents, Percent of Gross Income - Canada Compared to Continent
| USA |
10.00%
|
| Canada |
14.40%
|
Canada: Taxes on residents
The percentage of gross earnings given up in tax, including any social security contributions. Calculated for a single worker without children, earning 100 % of the average wage, for selected OECD countries.
Source: OECD Tax Database
Canada has some of the best housing data in the world. Statistics Canada releases a monthly house price index. The Canadian Mortgage and Housing Corporation (CMHC) has statistics on median house prices (MLS), housing construction activities and rent. CMHC’s Housing Market Outlook and Rental Reports summarize this data. The Canadian Real Estate Association (CREA) produces forecasts of house sales activities. Scotia Bank reviews current developments in the real estate market.
General economics statistics are available from the Reserve Bank of Canada. There are also weekly updates of economic trends from the Bank of Scotia.
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