Hi, IPULL!
Yeah, I believe, this is kind of the main point. I am no expert by any means, nor I understand all nuances of economics and immigration. However, I apply a very old-fashioned scientific method - look, observe, and my excel spreadsheet. I tend to agree with the author of the video - Canada, its current state, is not a reasonable choice to immigrate. In most cases it will devour all savings, leaves hang to dry. Leaving from pay check to pay check is becoming a norm for significant, majority of immigrants and even "old/new Canadians". Taxes are way too high, and, in some cases- ridiculous. Healthcare is inaccessible and broken. Salaries are low to have some savings. Great indicator and example of this is - bank service fees. Three years ago CIBC would charge an account a month service fee of $6.95 (for certain account types) if the owner has less than $2000 on the account. Now the threshold has been raised to $4000. In my opinion, this has been done simply because a huge majority of people doesn't even have that much money in their checking account, so the bank eat their fees. Sure, there are other banking options, and they can be explored as alternatives, and it is another topic. But they are all new, and predatory in other ways. Having less than $4000 in your bank account is a ticking bomb. Any life emergency will make you homeless in a heartbeat. Dental emergency, car engine light goes on, natural catastrophe, god forbid another pandemic, family emergencies etc.. Prices are ridiculous high and inflated (recent news stories and articles about artificial prices of bread being way too high.) Housing is luxury now. Decent places is hard to get, and if you are lucky to be one of those getting it (given you have a good credit score, references, solid bake statement, good income job) it costs way too much, and will be about 50% or even more of your income. Leaving you with nothing left. Don't get me wrong, this is not just Canada.
When I was getting ready for my Citizenship test. I felt so much pride and hour of learning the history, facts, cultural points about Canada. I was so hyped and honoured to be come part of this great Canadian community. However, I am quite disappointed now with the current state of things. What will happen with millions and millions of people who don't have any savings and grow old? The tread of loneliness is growing. What will happen to all of those people when they reach 65 with no savings, no housing, no families? I don't think people in charge are nearly worried enough.
But I have hope for the better! I believe in people's rational and sanity. It is still a democratic country, and we will be able to make the right decision through voting. There should be and will be justice through the democratic process.
Yeah, I believe, this is kind of the main point. I am no expert by any means, nor I understand all nuances of economics and immigration. However, I apply a very old-fashioned scientific method - look, observe, and my excel spreadsheet. I tend to agree with the author of the video - Canada, its current state, is not a reasonable choice to immigrate. In most cases it will devour all savings, leaves hang to dry. Leaving from pay check to pay check is becoming a norm for significant, majority of immigrants and even "old/new Canadians". Taxes are way too high, and, in some cases- ridiculous. Healthcare is inaccessible and broken. Salaries are low to have some savings. Great indicator and example of this is - bank service fees. Three years ago CIBC would charge an account a month service fee of $6.95 (for certain account types) if the owner has less than $2000 on the account. Now the threshold has been raised to $4000. In my opinion, this has been done simply because a huge majority of people doesn't even have that much money in their checking account, so the bank eat their fees. Sure, there are other banking options, and they can be explored as alternatives, and it is another topic. But they are all new, and predatory in other ways. Having less than $4000 in your bank account is a ticking bomb. Any life emergency will make you homeless in a heartbeat. Dental emergency, car engine light goes on, natural catastrophe, god forbid another pandemic, family emergencies etc.. Prices are ridiculous high and inflated (recent news stories and articles about artificial prices of bread being way too high.) Housing is luxury now. Decent places is hard to get, and if you are lucky to be one of those getting it (given you have a good credit score, references, solid bake statement, good income job) it costs way too much, and will be about 50% or even more of your income. Leaving you with nothing left. Don't get me wrong, this is not just Canada.
When I was getting ready for my Citizenship test. I felt so much pride and hour of learning the history, facts, cultural points about Canada. I was so hyped and honoured to be come part of this great Canadian community. However, I am quite disappointed now with the current state of things. What will happen with millions and millions of people who don't have any savings and grow old? The tread of loneliness is growing. What will happen to all of those people when they reach 65 with no savings, no housing, no families? I don't think people in charge are nearly worried enough.
But I have hope for the better! I believe in people's rational and sanity. It is still a democratic country, and we will be able to make the right decision through voting. There should be and will be justice through the democratic process.
