B.C. is the best place to get a license? Really? Based on what? Compared to what other province or territory? How many provinces and territories have you lived in?
B.C. has a 7 percent provincial sales tax, (PST), on pretty well everything. You may end up paying 12 percent tax on a car. B.C. also has provincially administered auto insurance (ICBC). You will be paying well over $1,000 a year for auto insurance.
If you live in the lower mainland, (there is no upper mainland), of Vancouver, you will pay four (4) taxes on gasoline, instead of the usual two (2) taxes in Alberta. In Canada, there is a federally mandated tax on gasoline. It is built-in (included) to the cost per litre, you then pay 5% GST on that, so Canadians pay a tax on a tax, which is absurd, incorrect, illegal, but truly Canadian. Gasoline (regular octane) is about $1.41 per litre in Vancouver. Milk is $2.30 per litre.
I've lived and worked in three provinces and two territories of Canada. In my opinion, B.C. rates last.
There is no provincial tax in Alberta, nor is there a territorial tax in Yukon, Nunavut, and The Northwest Territories.
If you get a decent job, you will pay 38 percent federal income tax, and 13 percent B.C. provincial income tax. Essentially half your gross income goes to paying tax. Great place to live, isn't it? Lets say you make about $50,000 gross in your first year. After taxes, your net income is about $25,000. In Canada, you will also pay 5% GST on pretty well everything else.
Last edited by evansb; 10th May 2014 at 00:07.