In 2008, Toronto’s living wage, that is, the minimum amount necessary for an individual to meet their basic needs, was $16.60 per hour, or an annual income of $34,000.
What salary do you need to live in Toronto?
Based on the average cost of housing, transportation, groceries, internet bills and more, LowestRates.ca found that a single Torontonian needs a minimum salary of $49,545 before tax (or $38,572.68 after taxes) in order to survive in the city.
How much money do you need to make to live comfortably in Canada?
Canadians want $250,000 a year to live comfortably — experts say curb your expectations. WATCH: A $250,000 pre-tax salary makes Canadians feel “financially comfortable.” What would it take for you to be “financially comfortable?” For many, the answer might be lower than they think.
Is 50k a good salary in Toronto?
According to updated employment statistics I’ve seen, the median individual salary in Toronto is around $45k-50k as well.
Is 60k a good salary in Canada?
Is 60k CAD a year a good salary in Canada? Yes, $60K is good; that’s a little above average, which is about $50K. You’ll be making more than double minimum wage, in other words. So the family income would be $120K and that is quite a comfortable salary for any family.