Salaries in Canada ... A guide for newcomers and immigrants to find out a good salary
Salaries in Canada are one of the things that many people are interested in knowing more about before moving to.
The salary depends on the province or city you decide to move to.
In this article, we will review with you some important information about a good salary in Canada.
Salaries in Canada
The first thing you need to know about whether or not the salary will be rewarding is knowing your budget and living costs.
Once you budget, you will know how much you need to get on with your life.
To help you get an idea of how much money you will need to earn to maintain your lifestyle, we will review a table with a list of popular cities for immigrants and the minimum amount you need to live a decent life in each city.
These figures are based on the cost of living from number.com, and note that the mentioned salaries are for those who work an average of 40 hours per week.
Toronto, Ontario:
Minimum: $ 29,124 a year or $ 2,427 a month.
Average appropriate salary: $ 50,000 per year
Vancouver, British Columbia:
Minimum: $ 28.808 a year or 2,401 a month.
Average appropriate salary: $ 40,000 per year.
St. John's, Newfoundland and Labrador:
Minimum: $ 23,712 per year or $ 1,976 per month.
Average appropriate salary: $ 39,208 per year.
Mississauga, Ontario:
Minimum: $ 29,124 a year or $ 2,427 a month.
Average appropriate salary: $ 40,000 per year.
Victoria, British Columbia:
Minimum: $ 28.808 a year or $ 2,401 a month.
Average appropriate salary: $ 36,029 per year.
Regina, Saskatchewan:
Minimum: $ 23,546 a year or $ 1,962 a month.
Average appropriate salary: $ 25,801 per year.
Ottawa, Ontario:
Minimum: $ 29,124 a year or $ 2,427 a month.
Average appropriate salary: $ 29,799 per year.
Oshawa, Ontario:
Minimum: $ 29,124 a year or $ 2,427 a month.
Average appropriate salary: $ 31,620 per year.
City of Calgary, Alberta:
Minimum: $ 31,200 per year or $ 2,600 per month.
Average appropriate salary: $ 28,091 per year.
Edmonton, alberta:
Minimum: $ 31,200 per year or $ 2,600 per month.
Average appropriate salary: $ 28,245 per year.
Kelowna, British Columbia:
Minimum: $ 28.808 a year or $ 2,401 a month.
Average appropriate salary: $ 27,734 per year.
Hamilton, Ontario:
Minimum: $ 29,124 per year or $ 2,427 per month.
Average appropriate salary: $ 29,076 per year.
Halifax, Nova Scotia:
Minimum: $ 24,024 a year or $ 2.002 a month.
Average appropriate salary: $ 28,355 per year.
Saskatoon, Saskatchewan:
Minimum: $ 23,546 a year or $ 1,962 a month.
Average appropriate salary: $ 25,485 per year.
Winnipeg, manitoba:
Minimum: $ 24,232 a year or $ 2,019 a month.
Average appropriate salary: $ 23,392 per year.
Montreal, Quebec:
Minimum: $ 26,000 a year or $ 2,167 a month.
Average appropriate salary: $ 27,287 per year.
City of London, Ontario:
Minimum: $ 29,124 a year or $ 2,427 a month.
Average appropriate salary: $ 23,922 per year.
Charlottetown, Prince Edward Island:
Minimum: $ 25,480 a year or $ 2,123 a month.
Average appropriate salary: $ 35,480 per year.
Quebec City, Quebec:
Minimum: $ 26,000 a year or $ 2,167 a month.
Average appropriate salary: $ 24,454 per year.
Moncton, New Brunswick:
Minimum: $ 24,232 a year or $ 2,019 a month.
Average appropriate salary: $ 26,547 per year.
While average salaries in Canada have changed by 10.8% in the past 14 years, that only indicates that jobs are going strong and more are becoming available.
And remember when setting up the budget to think about whether to rent or buy your home.
And if you will live outside the city or in the city center.
Also review the information we will provide so that you can find a good salary in many places in Canada.
In the past few years, economic growth in Canada increased by 3 percent, which is an excellent indication that the job market is growing well, and that salaries will continue to rise.
The oil and gas industries alone in Canada provide more than 700,000 jobs.
This is impressive for a country of about 37 million people.
How can you make the most of your salary as an immigrant?
The Balance did a study of this and found that the 60/40 rule was the best solution.
Rule 60/40 states that you must meet all of your bills and mandatory payments, including depositing money into a savings account, using only 60% of your income.
Then the other 40% should be used to pay off debts and other expenses.
Generally speaking, it doesn't matter how much you earn if your budgeting skills are weak.
The key behind getting a high salary and creating a wonderful life for yourself is budgeting.
