The Benefits and Obligations of Being a Permanent Resident of Canada

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Benefits and Obligations of Being a Permanent Resident of Canada

Canadian permanent residents have all the benefits and obligations outlined below.

Where you can live

A permanent resident and their accompanying dependants can live, work and study in any one of the ten provinces or three territories within Canada.

Education

Permanent residents have the right to a free education up to the age of 18 in the Canadian public-school system.

When it comes to university, tuition fees are dramatically reduced for permanent residents when compared to international student rates. For example, the McGill University fees for a Bachelor of Arts program for 2018-2019 are $4,333 for a Quebec resident, $9,509 for other Canadians and $19,643 for international students.

Health care

Permanent residents qualify for provincial universal health care coverage starting three months after their arrival in Canada. Most necessary medical expenses are covered, including visits to the emergency room, immunizations, yearly exams and more.

Tax

You must pay taxes at federal, provincial and municipal levels. Income tax is imposed on the basis of residency rather than citizenship. After becoming a permanent resident an individual would be required to pay Canadian taxes on worldwide income. The assets of a newly arriving immigrant are not taxed under Canadian law.

Federal tax rates for 2018

  • 15% on the first $46,605 of taxable income, +
  • 20.5% on the next $46,603 of taxable income ($46,605 up to $93,208), +
  • 26% on the next $51,281 of taxable income ($93,208 up to $144,489), +
  • 29% on the next $61,3532 of taxable income ($144,489 up to $205,842), +
  • 33% of taxable income over $205,842.

Provincial tax rates for 2018

Alberta

10% on the first $128,145 of taxable income, +
12% on the next $25,628, +
13% on the next $51,258, +
14% on the next $102,516, +
15% on the amount over $307,547

British Columbia

5.06% on the first $39,676 of taxable income, +
7.7% on the next $39,677, +
10.5% on the next $11,754, +
12.29% on the next $19,523, +
14.7% on the next $39,370, +
16.8% on the amount over $150,000

Manitoba

10.8% on the first $31,843 of taxable income, +
12.75% on the next $36,978, +
17.4% on the amount over $68,821

New Brunswick

9.68% on the first $41,675 of taxable income, +
14.82% on the next $41,676, +
16.52% on the next $52,159, +
17.84% on the next $18,872, +
20.3% on the amount over $154,382

Newfoundland and Labrador

6.4% on the first $46,605 of taxable income, +
9% on the next $46,603, +
10.9% on the next $51,281, +
12.8% on the next $355,511, +
15% on the amount over $500,000

Nova Scotia

8.79% on the first $29,590 of taxable income, +
14.95% on the next $29,590, +
16.67% on the next $33,820, +
17.5% on the next $57,000, +
21% on the amount over $150,000

Northwest Territories

5.9% on the first $42,209 of taxable income, +
8.6% on the next $42,211, +
12.2% on the next $52,828, +
14.05% on the amount over $137,248

Nunavut

4% on the first $44,437 of taxable income, +
7% on the next $44,437, +
9% on the next $55,614, +
11.5% on the amount over $144,488

Ontario

5.05% on the first $42,960 of taxable income, +
9.15% on the next $42,963, +
11.16% on the next $64,077, +
12.16% on the next $70,000, +
13.16 % on the amount over $220,000

Prince Edward Island

9.8% on the first $31,984 of taxable income, +
13.8% on the next $31,985, +
16.7% on the amount over $63,969

Quebec

15 % on the first 43 055 $ of taxable income; +
20 % on the next 43 050 $; +
24 % on the next 18 660 $; +
25,75 % on the amount over 104 765 $

Saskatchewan

10.5% on the first $45,225 of taxable income, +
12.5% on the next $83,989, +
14.5% on the amount over $129,214

Yukon

6,4 % on the first 46 605 $ of taxable income;; +
9 % on the next 46 603 $; +
10,9 % on the next 51 281 $; +
12,8 % on the next 355 511 $; +
15 % on the amount over 500 000 $


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