Many people across Canada believe owning a car is cheaper than taking public transit, but that might not always be the case. For most Canadians, owning a car is the second-biggest monthly expense for them. Transport typically takes about 20% of after-tax income for Canadians. When factoring depreciation of the vehicle, owning a car could cost thousands a year for the average Canadian. For rural Canadians, not owning a car may not even be possible. Driving on snowy country roads requires constant … [Read more...]
