Global Property Guide

Financial Information for the Residential Property Buyer


Taxes on Residents (Average Rate) - Canada Compared to North America

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USA 0.79%
Canada 0.32%

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. National Bank releases a monthly house price index composite of 11 cities. The Canadian Mortgage and Housing Corporation (CMHC) has statistics on house prices, 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 and has statistics on median house prices (MLS). 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.