MONTREAL OVERVIEW
Comprehensive cost-of-living benchmarks and progressive income tax schedule for Montreal, Canada.
Living Expense Benchmarks (Average USD)
Average Rent / Housing
$1450.00 / month
Food & Groceries
$440.00 / month
Utilities & Electricity
$140.00 / month
Transportation & Transit
$95.00 / month
Cost of Living Index
61.20 / 100
Progressive Income Tax Slabs
| Income Slab | Tax Rate | Fixed Tax |
|---|---|---|
| CA$ 0 - CA$ 55,867 | 15.00% | CA$ 0 |
| CA$ 55,868 - CA$ 111,733 | 20.50% | CA$ 8,380 |
| CA$ 111,734 - CA$ 173,205 | 26.00% | CA$ 19,833 |
| CA$ 173,206 - CA$ 246,752 | 29.00% | CA$ 35,815 |
| CA$ 246,753 + | 33.00% | CA$ 57,144 |
TOP BANKS IN CANADA
Leading commercial and Islamic banking institutions offering the highest savings profit returns in Canada.
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COMMERCIAL4.50% PER ANNUM
Wealthsimple
Wealthsimple Cash Account
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COMMERCIAL4.25% PER ANNUM
EQ Bank
EQ Personal Savings Account
-
COMMERCIAL4.10% PER ANNUM
Scotiabank
Scotia Momentum Savings
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COMMERCIAL3.85% PER ANNUM
Royal Bank of Canada (RBC)
RBC High Interest eSavings
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COMMERCIAL3.75% PER ANNUM
TD Canada Trust
TD Every Day Savings Account
CALCULATE YOUR SAVINGS
Use our interactive expense calculator to see exactly how much of your income you can save in Montreal and which bank offers the best growth.
Key Facts
Cost of Living Index: 61.20 / 100Currency: CA$ (CAD) Avg Rent: $1450.00/mo | Avg Food: $440.00/mo Launch Full Calculator for Canada ➔
