How to live in Toronto on only $1,140 Canadian per month

James wrote:

Given that the Ontario Minimum Wage is $10.25 per hour (roughly $1,640.00 per month) and even single people have extreme difficulty living on that amount in the Greater Toronto Area, I think that it would be almost impossible for one to get by spending only $1,140.00. To be honest I think that even $1,440.00 per month would really be a stretch. Perhaps one could squeak by on that in smaller cities like Hamilton, but if they were commuting to Toronto to work any possible savings would be more than offset by the cost of commuting.

I really think that two or more working people sharing accommodations (rent and utilities), such as a two bedroom apartment or basement suite would be much more cost effective.

Cheers,
James    Expat-blog Experts Team

James, please refer to the breakdown of the budget that was provided at the top of this thread. You will note that one of the conditions is that you're renting a bedroom. So in fact, you would be sharing an apartment or house. That is how you reduce the largest component of your budget for living in Toronto (Rent). If you are used to splurging on dinners out and gadgets or other luxuries, then you're correct you can live on that budget. That is why the title of the threat is 'how to live on....' This also doesn't account for emergency or unexpected expenses, such as illness or accident. Hope this provides enough clarity for you to understand how to live on that budget. If you feel I've left out some items that should be included in the budget, then please let share with us what they should be.