Should I quit well paying job in my native country and move to Canada, Let's have answer to thithquestion. Everything looks perfect and shiny when you view it from the home country. I will give you an example with all calculations. (Also read our previous blog related to the same topic)
Suppose you had a well paying job (around Rs 1.2 lakh) on account every month (after all the deductions) in India. You got frustrated with the traffic and pollution and decided to try Canada. After you reached Canada, you realized it is immensely beautiful in the Summer. But, it is cold, icy for around 7–8 months.
Afterwards It will take you around an year to get a decent job (paying 100k Canadian dollars per year). During that period, you have to work at gas stations, restaurants etc making around CAD 2500/month. From that you will pay 1600 for 1 bedroom apt, 300–400 for groceries, other expenses 100–300 (bus pass, travel, clothes, misc ). Altogether, it total led to 2300 on average. From this you will have only 200 cad savings. If any unwanted expenses come in between than you will have to spend the savings you bought from your home country.
It is very difficult to get a decent job in Canada as employers prefer Canadian first and if they are not available, the post will be vacant until they find one. After a year of struggle, you may got a contract job which pay 100K CAD. You will think that you are lucky enough. Here is how the financials changed after the second year.
Suppose you are earning CAD100,000 per Annum you will have following expenses
Head
|
Amount
Required
(in CAD, Per Annum) |
Rent
|
19,200
|
Tax
|
40,000
|
Gr0cery
|
6,000
|
Other
Expenses
|
5,000
|
Total
|
70,200
|
Trip
to your Native Country
|
10,000
|
Net
Savings
|
19,800
|
The above saved amount is around CAD 20,000 is after fighting the brutal spine chilling for 8 months a year. Take note that in Canada, interest rates are very low around 0.9%. This money is all you got and there is no growth for it.
Now compare it to India, you are earning 16 Lakhs INR per Annum you will have following expenses
Head
|
Amount
Required
(in Rs, Per Annum) |
Rent
|
2,40,000
|
Tax
|
3,00,000
|
Gr0cery
|
1,80,000
|
Other
Expenses
|
50,000
|
Total
|
7,70,000
|
Trip
to your Native Town
|
60,000
|
Net
Savings
|
8,50,000
|
Conclusion: Now if you see you will save almost same amount in Canada as you were already saving in India.
- In addition to above, you get the best food, can visit relatives at will, don’t have to adjust with extreme liberal views and identity politics.
- India is crowded, have lots of traffic, pollution, yet you will like it.
- In Canada, there is a lot of hype about free healthcare. It is free, but you can’t access it. Suppose your leg got fractured while slipping on ice, you need to hold the pain until you get an appointment in hospital- which would take 2–3 days if not longer.
Disclaimer: Above facts / data is not the view of blogger, it is based on the study / actual discussion with concerned persons.
Please click on link to see our other blogs on Canada and if you are interested to move to Canada please contact us
Please click on link to see our other blogs on Canada and if you are interested to move to Canada please contact us