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Question about the annual income: Can 3-person family survive with annual income of 37,000 in Toronto Area? Please give me some advice.

The only possible offer for me is such a position as postdoc with the annual salary around 37,000. We are a couple with a 4-year old kid. I wonder if we can survive in the Toronto area. I heard that the living expense is very high there.
By the way, what is the tax rate for such income?
Thanks a lot.
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