cantaffordthemaritimes 
Member since Dec 12, 2013


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Re: “Saying farewell to Nova Scotia for a reason

CHECK this out =>>>> PROPERTY TAXES...do not under estimate the impact => forecasting out costs of living.
Here are my numbers, taxes per $1,000.00 of assessment. I thought you might find this interesting as well. Sure makes it tough to move back home. If one was to retire in NB or NS with a paid for house...ones taxes would likely be DOUBLE per month what you would pay in Alberta.
-- A $400,000.00 Calgary house is $2,100.00 a year
-- A $400,000.00 Halifax house is $4,100.00 a year
also FYI
-- same house as above, taxes on an owner unoccupied rental house in Alberta is same = $2,100.00
-- same house as above, taxes on an owner unoccupied rental house in Maritimes is double the regular or $8,200.00.

Where would you retire on a fixed income when you retire??? I go with the place who puts more of my fixed income in
my pocket

29 likes, 0 dislikes
Posted by cantaffordthemaritimes on 12/12/2013 at 7:27 PM

Re: “Saying farewell to Nova Scotia for a reason

Dave,
-- Middle income earner visits the Maritimes from Alberta, Too much taxation on day to day purchases causes one to be frugal --

I'm located in Calgary but was brought up in Dartmouth and Moncton. I had NO IDEA !!, how much less income I was taking home
when I lived in the Maritimes. I love the Maritimes. When I visit home (on a budget), I pull out my wallet and I get over taxed.
Net result => I have less to spend. In effect, I get penalized for spending/ visiting

Reality is;
- Provincial Income tax is higher so less $$ annual income comes home
- HST really hits my spending allowance (clothes, Hotel rooms, car rentals, restaurant, fuel).

30 likes, 0 dislikes
Posted by cantaffordthemaritimes on 12/12/2013 at 7:14 PM

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