WORKING IN CANADA: KNOWING THE BENEFITS

Canada is regarded as one of the best countries globally for immigration since it provides excellent job and personal development.

Although everyone is aware that Canada is a large country, do you know that its population is relatively small? The population of the world’s largest metropolis, Tokyo, is nearly equal to that of Canada! More workers are always needed in Canada, and you may be one of them. But is it truly worth your time and effort to work in Canada? If you have a work permit visa in Canada, you can avail a decently salaried job with lots of perks.

In this post, we’ll unearth some of the lesser-known reasons why working in Canada is an intelligent decision.

HIGH RATE OF EMPLOYMENT

For the past ten years, Canada’s average unemployment rate has been 7.8%. During the recent decade, 92.2 percent of workers have been employed. Canada’s unemployment rate hasn’t risen beyond 10% in almost two decades. On top of it, immigrants make up around 25% of Canada’s total workforce.

Furthermore, according to Statistics Canada, one out of every three workers in Canada will be born outside of the country by 2031. This will create more employment, and more workers will be required to replace those who are retiring.

In addition, even in bad economic times, Canada has a solid financial infrastructure that can withstand market slumps and provide for its people. For example, like many other countries, Canada was affected by the 2008 recession, but it weathered the storm very well and recovered much quicker than other developed nations.

HIGH MINIMUM WAGE

Working in Canada with a work permit visa in Canada,  also has the benefit of a very high minimum salary. Canada’s 13 provinces and territories determine its hourly wage, ranging from CAD 11.45 at the lowest to CAD 16.00 at the highest. The current average salary across all areas is CAD 13.44, but this is projected to rise as four provinces, including Ontario, raise wages.

So, what about income taxes, you might wonder. Even after accounting for all statutory deductions, Canada is the only Western Hemisphere country to rank among the top ten hourly wage earners worldwide. With a work permit visa in Canada, you can start applying for high paying jobs across various sectors.

EMPLOYEE PENSION

All employed Canadians must participate in the Canada Pension Plan (CPP), a mandatory and contributory savings plan. Employees and employers will contribute 5.25 percent (5.7 percent in Quebec) up to the Year’s Maximum Pensionable Earnings (CAD 58,700 in 2020) beginning January 1, 2020. Citizens can access CPP income as early as 60 years old or defer until 70.

EXTEND OR RENEW VISA FOR CANADA AFTER FIVE YEARS OWING TO WORK PERMIT

Most permanent resident visas in Canada are helpful as a work permit visa in Canada for five years; however, others are only valid for one year. But there is no set restriction on how many times you can extend your visa status in Canada for the work permit. You can go through a Canada consultancy in Bangalore for further information on permits and how they work to avail these visas.

If you become a permanent resident, your family members will be able to live, study, and work in Canada as well. If you are 18 years of age, you may sponsor specific residents.

You are eligible for Canadian citizenship if you have physically lived in the nation for 1,095 days (three years) out of the five years. However, only the five years preceding the date you filed your citizenship application are deemed genuine. The cost of the entire application process for a Canada PR visa is approximately $1350.

AFFORDABLE COST OF LIVING

Canada’s cost of living is relatively low when compared to other wealthy countries. The country also has a low rate of crime, making it one of the safest places in the world to live.

(Approximate cost, in CAD) Canada Australia United States United Kingdom
Average Rent $1600 $1900 $2000 $2100
Utilities $100 $200 $150 $195
Internet $50 $53 $65 $40
Total per month $1750 $2153 $2215 $2335

While there are many aspects to consider (compensation, costs, etc.) when selecting the most cost-effective locations, knowing the territories or provinces that are the most affordable will help you limit down your options, if you contact top Canadian immigrant consultancy firms in Bangalore or another location, they can assist you in choosing the correct region.

TO CONCLUDE

Canada has a well-known reputation as one of the safest and friendliest workplaces in the world. When other nations have closed their immigration programs, such as a work permit visa in Canada,  due to the ongoing COVID-19 pandemic, Canada continues to offer outstanding immigration chances in 2021 to attract more talented workers and support its economy.

If you’re considering emigrating to Canada from India, the best way to begin the process is to contact a top Canada consultancy in Bangalore.

These significant Canadian immigration consultancy firms, particularly in Bangalore, can assist you in obtaining a work visa in Canada in a timely and hassle-free manner. This will make your transition to this fascinating and mesmerizing country a breeze.

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