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Here is the best city in Canada to live and work with its cost.

Before moving to the best city in Canada to live and work, Did you swear that if the presidential election did not go exactly the way you wanted it to, you would move to Canada? Ok, here’s how—but maybe you’ll be shocked by how much it actually costs.

These days, is Canada on your mind? if yes, then here is the best city in Canada to live and work

Americans, as The Economist’s graph of American permanent resident admissions reveals, have a long history of traveling to Canada for political reasons.

Whatever your reasons, for Americans seeking expat experience, Canada is a realistic choice. The economy is one of the best in the world, and there are a number of urban and rural areas to choose from. English is one of the official languages. In quality of life polls, Toronto, Vancouver, and Montreal consistently rank higher than all US cities.

Emigrating from the United States to Canada can be very difficult, considering its proximity. In particular, Canada restricts immigration to those who are in high demand with a job-related expertise. Professions such as engineers, some IT works, and certain medical professions may be included.

Assuming you get to Canada and have a career, is living in Canada really cheaper? What’s about taxes? In the United States, such as New York and Seattle, are Canadian cities like Toronto as expensive as their counterparts?

Let’s explore how a transfer to Canada will affect your wallet until you conclude everything would be rosier across the border. If you still didn’t find the answer of the best city in Canada to live and work then go ahead.

Canada vs. Europe vs. the United States, the best city in Canada, Europe, U.S. to live and work

If it is widely accepted that the United States has the lowest level of net social security spending, and Western Europe’s democracies are investing more in this region, then Canada is somewhere in the middle.

One instance of this is paid maternity leave or paternity leave. The U.S. is the only nation with its economic stature that does not guarantee new parents any paid leave. In comparison, in some European countries, paid maternity leave will last for years.

Most employers in Canada give between 17 weeks and one full year of leave. Parents will share employment insurance for up to 35 weeks, which covers 55% of salaries, up to a limit of $543 per week. Few states in the United States have similar arrangements, but there is no federal government requirement to offer this benefit.

So it will probably be cheaper in Canada to start a family, but what about stuff that Canadians pay more for?

Along with few the best city in Canada to live and work, Canada’s food, electricity, and consumer products are all more costly.

Consumer products and food seem to be more expensive in Canada with price increases of 25-50% compared to the U.S. While certain products are less costly, you can normally rely on paying more for staple items.

In Canada, fuel still costs a great deal more. The price of gasoline drops by 90 cents per gallon in America in 2015, compared to 41 cents in Canada. This is because of the Canadian dollar’s relative weakness compared to the American dollar.

A individual spending $80 a month on gas and $150 a week on food in the US might expect to spend closer to $100-$120 and $200 a week on these things (that’s a total difference of about $680 versus $900) to put these disparities in perspective. The disparity is widening for a family of four: $1,050 over four weeks versus $1,350. This is a significant difference when your post-tax revenue is an average entry-level wage of $3,000 to $4,000 a month.

However, by ditching your car for a bike, you can still save money, and these increased expenses can have some offsets. Let’s get them tested.

The best city in Canada to live and work but in Canada, what’s less expensive?

Health treatment

The cost of universal health care in Canada is somewhat veiled by clients. Although Canada currently spends a lot of money on healthcare, about $4,500 per capita in 2015, ranking sixth in the world with the most costly healthcare, the United States ranks first with a system costing about $8,200 per capita.

When one assumes that, in terms of valuation, the US dollar is about 20 percent stronger than the Canadian dollar, the disparity in cost becomes even greater.

This cost is mostly borne by Americans (after taxes) out of their wallets, and insurance rates are substantially different in price, whether on the private sector or by employer-supported plans. An employee who purchases insurance for a family (spouse and one child) through an employer can easily spend more than $1,000 a month in the US, or about $500+ more than the universal care tax burden imposed on Canadians.

College education

It costs about half of what American universities do to Canadian universities, minimizing the future burden of student loans and substantial family savings to pay for it. However, it should be noted that this does not benefit students in Canada who are overseas.

University (city, state)Cost per year
Ryerson University (Toronto, Ontario, CA)$6,213
McGill University (Montreal, Quebec, CA)$4,855-$6,441
University of Ottawa (Ottawa, Ontario, CA)$6,376 (undergraduate arts degree)
University of Virginia (Charlottesville, Virginia, US)$15,714 (in Virginia), $45,058 (non-Virginia)
University of Pennsylvania* (Philadelphia, PA, US)$51,464
Princeton University*$45,320

* Specifies private school (i.e., no funding assistance from the state). The costs are for domestic students (international student costs are not seen, but are substantially more costly; for example, $19,000-$44,000 annually for McGill University).

Utilities

Canada has largely nationalized its infrastructure, resulting in marginally lower prices than in the United States, but, like natural gas, electricity itself is more costly than in the United States. However, the cost difference between the two countries is, by and large, negligible.

Any expenses depend on where you live or the lifestyle decisions you make.

Structure of Tax

Canada has somewhat higher taxes in general than the United States. This is not, however, simply because of the overall income tax, which currently has price brackets equivalent to those of the United States.

Canada has something called a harmonized sales tax that is far higher than any sales tax in the United States that one would expect to see.

A harmonized sales tax is a form of consumption tax combining the federal tax on goods and services and the provincial tax on sales. In Ontario (the most populous province in Canada), the harmonized sales tax is 13 percent . The combined sales tax for some of the most affluent cities in the United States, by contrast, is:

  • Seattle, 9.6 percent
  • Los Angeles, 9 percent
  • New York, 8.88 percent
  • San Francisco, 8.75 percent

Cities versus suburbs/rural areas

The key cost differences between cities, suburbs and more rural areas are housing costs. Toronto, Vancouver, Calgary (Alberta), Montreal, and Halifax (Nova Scotia) are costly, but cities like New York and San Francisco (with average rents of $3,000 to $4,000 USD for one-bedroom apartments in their downtown areas) are slightly more costly than their Canadian counterparts, both in terms of renting and buying land.

It should also be noted that, despite recent rate hikes, Canada’s mortgage interest rates (25-year amortization period vs. the average 30-year period in the United States) are far lower than in the United States, although they are clearly comparable.

A holiday will help you make up your mind.

One thing is reading abstract numbers. But it is important to go to various neighbourhoods in an area you are thinking of relocating to.

Before you apply for permanent residency, schedule a week or two of travel to more than one destination in Canada. You will see that not only do you really love (or not love) Canada more than you thought you would, you will be shocked at the cost of living every day.

Summary

In some ways, but not others, Canada is cheaper than the US. You will pay less for health care and rent, but there will be a rise in what you will pay for electricity, gas, and consumer goods. You’re going to have to consider what you’re prepared to pay extra for and what you’re not. And that’s if the visas needed to work and live in Canada can be obtained.

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