MONTREAL ― It’s not much of a secret that Canadians and Americans have been drifting apart politically for some time now.But it’s a less-known ― though increasingly obvious ― fact that the financial state of Canadians is also drifting away from that of Americans.If there were such a thing as money-colored glasses, someone wearing a pair would swear that Americans and Canadians aren’t even the same species.


The trend has been going on for decades now, but it accelerated during the 2008 financial crisis, when the U.S. housing market busted out amidst a debt crisis, while Canada’s economy came through smelling like roses. Ever since then, the typical Canadian household has looked noticeably different, financially, from the typical American one.


Here are seven ways Canadians are now totally different from Americans when it comes to money ― and one way they’re surprisingly the same.

Canadians pay lower income taxes

This one may be hard to believe, especially for...

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