Yahoo Finance How to Migrate to Canada: Why Migrate and How Much Does It Cost?
Singaporeans live in a melting pot of cultures, so it comes as no surprise that Canada, with its diverse cities (like Toronto) is a favourite destination when it comes to migration.
Despite the vast difference in weather, Canadians are friendly, accepting of different nationalities and passionate about their country’s sports. Cities in Canada are not just a great place for people to retire in, but also a popular spot for exchange programs and holidays.
Why do people migrate to Canada?
One key reason people leave Singapore to Canada is to escape the stress. The largest Singaporean population is in Vancouver, followed by Toronto. In 2011, there were around 11,000 Singapore-born people living in Canada.
Canada has some world-class cities as well. Toronto, the largest city in Canada, is ranked the 7th most livable city in the world, whereas Vancouver is ranked 6th.
In addition, the cities easy to fit in since they’re so multicultural. In Toronto, over 30% of the residents speak a language other than English and French and it is considered to be one of the most diverse places in the world.
See how it compares to other popular destinations like Australia, New Zealand, the UK and the US.
Weather and climate in Canada
Canada is huge, so there are varying climates from the east to west. Generally, you can expect snow in winter in most major cities. Vancouver and Toronto have relatively mild winters, while Winnipeg and Quebec City have some of the coldest.
If you love the four seasons, Canada takes it to the extreme. Even in relatively mild winters, temperatures average a high of 2 degrees and a low of -7 degrees but can be known to go sub -30.
Cost of living in Canada (Vancouver)
Here are some cost of living estimates for Vancouver.
As of 28 September 2018, 1 SGD = $0.95 CAD
Item | Price (CAD) |
Meal at inexpensive restaurant | 15 CAD |
Pint of domestic beer at a bar | 6 CAD |
Loaf of fresh white bread (500g) | 3.19 CAD |
Eggs (pack of 12) | 4.12 CAD |
Beef (1kg) | 15.49 CAD |
Toyota Corolla 1.6l 97kW Comfort | 23,688 CAD |
Cost of renting an apartment (1 bedroom) in city centre | 1,907.07 CAD |
Cost of renting an apartment (1 bedroom) outside of city centre | 1,455.67 CAD |
Cost of buying apartment in city centre | 11,867.08 CAD per square metre |
Cost of buying apartment outside of city centre | 9,070.69 CAD per square metre |
Potential occupations in Canada
If you work in any of the below jobs and are thinking of migrating to Canada, you’re in luck. You might be able to qualify for a visa without a prior job offer.
Legislators
Senior managers
Financial managers
Human resources managers
Banking, credit and other investment managers
Managers in health care
Fire chiefs and senior firefighting officers
Facility operation and maintenance managers
Financial auditors and accountants
Professional occupations in advertising, marketing and public relations
Physicists and astronomers
Chemists
Engineers: Civil, Mechanical, Electrical and Chemical engineers
Computer engineers (except software engineers and designers)
Other professional engineers
Doctors, dentists, allied primary health practitioners
Pharmacists
Editors and journalists
Annual salaries in Canada (Vancouver)
Annual salaries in Canada are roughly the same as Singapore.
Occupation | Average salary (annual) |
High school teacher | 49,049 CAD |
Marketing executive | 42,591 CAD |
Financial accountant | 55,038 CAD |
Mechanical engineer | 64,117 CAD |
Doctor (GP) | 114,650 CAD |
Personal income tax in Canada vs Singapore
When comparing salaries between Canada and Singapore, don’t forget to factor in personal income tax, which is much higher in Canada.
For instance, a secondary school teacher earning CAD $49,049 in Canada pays a personal income tax of $7,492 (15% on the first $46,605 and 20.5% on the next $46,603 up to $93,208).
Compared to a secondary school teacher in Singapore earning SGD $40,000 and taxed $550 per year, these figures mean that you might be bringing back a lower take-home pay if you migrate to Canada – although the annual income seems higher at first glance.
Secondary School Teacher | Singapore (SGD) | Canada (CAD) |
Annual income | 40,000 | 49,049 |
Personal income tax | 550 | 7,492 |
Take-home pay | 48,980 | 41,557 |
What is the process to get a Canadian visa?
There are several visas that will enable you to live and work in Canada. While in theory you should be able to get a work visa with a job offer in hand, in practice Canadians tend to be a bit leery of hiring foreigners they have not met. You’ll have a better chance showing up in person and trying to get a job through networking.
For Singaporeans who are skilled and wish to migrate permanently to Canada, the most common work visa is the Express Entry Work Visa. You will need an employer to sponsor you unless your job is on the skills shortage list. You’ll be ranked for eligibility using their points system.
Are you thinking of migrating to Canada? Tell us why in the comments!
Related articles
Want to Migrate from Singapore to New Zealand, Australia, Canada, UK or US?
4 Ways Singaporeans Can Enjoy an Overseas Stint Without Going Broke
Best Credit Cards for Overseas And Foreign Currency Spending 2018
Image Credits:
Doug, Pedro Szekely, Nick Harris
The post How to Migrate to Canada: Why Migrate and How Much Does It Cost? appeared first on the MoneySmart blog.
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