











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

(in CAD, Per Annum) 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



