Question:

Cost of Living in Ontario, Canada. Please Help Me Calculate?

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Hello, my husband and I are thinking of moving to Barrie in Ontario at the end of the year, but we need some help calculating our living expenses to see if we would be able to survive with modest incomes. For example, my husband is a computer technician (born in Canada) and will be A+ certified once we move there. I am a Veterinary Assistant (From the UK, With no formal training) but I will be happy to work for Pet Smart to begin with. Let's just assume my husband is earning $12 per hour (just a guess) and I am earning $9 per hour (minimum hourly pay?) With both of our incomes combined, we will be bringing in $3360 per month. Can someone please do the calculations by deducting the taxes so we know what to expect? And please fill in the blanks for the following expenses (for 2 people) and let me know if I have missed something. This is just to get a realistic idea of the living expenses.

1: Rent, for a small 2 or 3 bedroom house in Barrie. $

2. Hydro (per month) $

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  1. house is 1k

    hydro is 200 per month

    food is 300 per month

    gas is 300 per month

    internet cable is 100 per month


  2. You probably will not have anything left after all these expenses.

  3. 1.Rent: $1,200

    2Hydro:$200 (apprx)

    3. Electricity $100(apprx)

    4. 2 mobile phone lines, and one house line. $150

    5. Internet $100

    6. Water $50

    7. Groceries $400 apprx

    8. Gas (for one car) $100 - $150 apprx

    9. Car Insurance $100

    10. Car Loan (for a modest car) what kind of car you're looking for? The bank charges you an amount as a processing fee. This fee may vary from bank to bank. The bank deducts this amount from your loan before disbursal.The processing fee is generally a percentage of the loan amount and is between 0.1- 1% for car loans.Some banks levy a flat charge of Rs 500- Rs 2000 upfront, and then deduct the balance processing fee (if any) from the loan amount before disbursal.This fee is important for one to consider, since banks charge different rates. This actually can make a difference on the real cost of the loan.

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