Bentstrings84 t1_ixqbro2 wrote on November 25, 2022 at 2:00 PM

Reply to comment by random20190826 in UK net migration hits all-time record at 504,000 by sevolatte

Canadian salaries are a joke. Our best and brightest live and work in the US. There’s no comparison when it comes to salaries, cost of living and taxes. If your employer pays your insurance you’ll be better off than you would be in Canada.

random20190826 t1_ixqesk7 wrote on November 25, 2022 at 2:27 PM

The biggest problem with living in the US is insurance (worst case scenario would mean that a single, childless person pays up to $9100 per year in out of pocket max, plus the premiums). But the US is also a significantly harder place to immigrate to. H-1B, yes, lawful permanent residence? You would be waiting for years to know if you got approved.

I have done some calculations in the past to show that unless your income is very high, you may end up spending more money on healthcare in the US than the income tax you would have paid in Canada on the same income (multiplying the exchange rate at the time. So, an American making $100 000 is deemed to be making the same amount of money as a Canadian making $134 000 when USD/CAD is 1.34 like right now).

FuggleyBrew t1_iy6y54q wrote on November 29, 2022 at 4:57 AM

But instead of the Canadian making 134 and the American making 100, for a skilled worker you're more likely to have the Canadian making 100 CAD and the American making 130 USD, then factor the taxes onto and exchange rate. You cannot assume that its just a difference of exchange rate. Typically you will get a lower offer in Canada even before the exchange rate is factored in.

The government is currently running on the explicit policy that it needs to suppress wages and the central bank is seeking a recession for the express purpose of undermining worker negotiation power.