- Jun 6, 2010
- 443
- Category........
- PNP
- Visa Office......
- Buffalo
- NOC Code......
- 2133
- Job Offer........
- Yes
- Pre-Assessed..
- Yes
- App. Filed.......
- 18-Jan-2011 (Buffalo)
- Doc's Request.
- N/A
- Nomination.....
- 26-Nov-2010
- AOR Received.
- 21-Jul-2011 (Email)
- IELTS Request
- N/A
- File Transfer...
- N/A
- Med's Request
- 25-Jul-2011 (Reg. Mail)
- Med's Done....
- 03-Aug-2011
- Interview........
- N/A
- Passport Req..
- 08-Sep-2011 (Email)
- VISA ISSUED...
- 20-Sep-2011 (Buffalo)
- LANDED..........
- 20-Sep-2011 (Niagara)
As I was asked to shed some lights on few chosen topics (Job Market, Income Benchmark, Living Costs, Tax & Benefits) by one of my fellow countrymen (Bangladeshi); I thought to open a new thread with an intention to help everyone here.
I wrote it with a mind meant for Bangladeshis and in context of Ontario. Here, it goes:
Job Market
Historically and currently, Canada has been doing well in the following sectors:
• Telecom & IT
• Oil & Gas
• Mining & Construction
• Banking & Finance
• Energy
Besides, professionals in medical, law and current IT field are always in demand and make good money in Canada. Although Canada is in shortage of health professionals; it's extremely hard for an IMG (Int'l Medical Grad) to get license to practice. Quality IT professionals especially with knowledge/experience in current trend (i.e. mobile app developer) are in demand. Entering into business sectors is highly competitive and hence the pay is less than average.
University of Western Ontario ranks top companies in Canada based on 3rd party publications:
http://www.lib.uwo.ca/programs/companyinformationcanada/canadiancompanyrankings2.html
Well-known Job Search Engines:
http://www.jobbank.gc.ca/
http://www.monster.ca/
http://www.workopolis.com/
http://www.eluta.ca/
http://www.indeed.ca/
http://toronto.en.craigslist.ca/ (GTA based)
Income Benchmark
(1) Survival Jobs:
$8 - $12/ hour (some Asian/Indian/Pakistani/Bangladeshi grocery shops/restaurants would even pay you $6 an hour)
(2) White Collar Jobs:
Though the following salary ranges are based on engineering/technical fields, these will vary to minimum extent for other fields:
• Entry-level: 50K – 70K/ year
• Experienced: 60K – 90K/ year
• Individual Contributor (Team Lead/ Manager): 80K – 120K/ year
• Sr. Management: 100K – 160K/ year
• Director: 150K – 300K/ year
• VP/SVP/EVP: 200K – 450K/ year
• CEO: 500K – 2M/ year
To differentiate between min and max, employees at Medical & Health, Oil & Gas, big IT companies etc. would touch the top level whereas entry-levels at business sector would start from bare minimum (but top level employees would get same or even more!)
Ontario discloses the salary (>100K/ year) of its public sector employees (Ministry/municipality, school/college/university, hospital/health service etc.), commonly known as the “Sunshine List” every year. Here is the link:
http://www.fin.gov.on.ca/en/publications/salarydisclosure/
Living Costs
(1) Accommodation
1-bed unit: $700 - $1100/ month
2-bed unit: $800 - $1300/ month
* 1-bed apartment can go up to $3000 depending on the location and luxury. I've listed the average for middle-class people.
** If utilities are not included with the rent, that would cost you an extra $60-$100/ month.
(2) Transportation
Monthly pass (Bus/Subway): $60 - $100/ person
Gas: $1.10 - $1.35/ litre (current)
Car Insurance: $150 - $300/ month (depends on variety of parameters)
(3) Food
Family of 2: $200 -$400/ month
Family of 3 & above (with children): no idea!!! (Must be more)
(4) Others
Internet: $40 - $$65/ month
Cell Phone: $30 - $70/ month (depends on what type of plan you're interested in)
Home Phone: $15 - $30/ month
Cable TV: $30 - $70/ month
* But if you bundle 2 or more from same service provider, you would save some.
Tax
(1) Consumption Tax
Harmonized Sales Tax (HST) is fixed at 13% on all goods (exemption: few child/feminine products) you buy in most provinces incl. Ontario. It's same as VAT in Bangladesh.
(2) Income Tax
Income Tax is mainly divided into 2 parts: Federal & Provincial; collected by Canada Revenue Agency (CRA). While the Federal is fixed for all, the provincial cut varies based on which province you live in. On top of your income tax, you have to pay for Canada Pension Plan (CPP) and Employment Insurance (EI).
All Tax Rates: http://www.cra-arc.gc.ca/tx/llrts/menu-eng.html
Tax is calculated based on income brackets. The above link will tell you everything.
Generally speaking, it varies from 25% to 35% for an income range of 40K – 100K yearly.
Benefits
I personally never had any of the following but GST/HST returns. No. 3 EI benefits are only for those who worked in Canada, paid EI regularly and lost jobs for unforeseen reasons. But it's highly not recommended.
(1) Tax Benefits
GST/HST Benefits: http://www.cra-arc.gc.ca/bnfts/gsthst/menu-eng.html
(2) Child Benefits
(2a) Universal Child Care Benefit (UCCB): http://www.cra-arc.gc.ca/bnfts/uccb-puge/menu-eng.html
(2b) Canada Child Tax Benefit (CCTB): http://www.cra-arc.gc.ca/bnfts/cctb/menu-eng.html
(3) EI: Employment Insurance Benefits (not recommended!!!)
http://www.servicecanada.gc.ca/eng/audiences/newcomers/benefits.shtml
(4) Ontario Students Assistance Program (OSAP)
http://www.ontario.ca/education-and-training/osap-ontario-student-assistance-program
For your reference to all Canadian Govt. agencies/services:
http://canada.gc.ca/depts/major/depind-eng.html
I wrote it with a mind meant for Bangladeshis and in context of Ontario. Here, it goes:
Job Market
Historically and currently, Canada has been doing well in the following sectors:
• Telecom & IT
• Oil & Gas
• Mining & Construction
• Banking & Finance
• Energy
Besides, professionals in medical, law and current IT field are always in demand and make good money in Canada. Although Canada is in shortage of health professionals; it's extremely hard for an IMG (Int'l Medical Grad) to get license to practice. Quality IT professionals especially with knowledge/experience in current trend (i.e. mobile app developer) are in demand. Entering into business sectors is highly competitive and hence the pay is less than average.
University of Western Ontario ranks top companies in Canada based on 3rd party publications:
http://www.lib.uwo.ca/programs/companyinformationcanada/canadiancompanyrankings2.html
Well-known Job Search Engines:
http://www.jobbank.gc.ca/
http://www.monster.ca/
http://www.workopolis.com/
http://www.eluta.ca/
http://www.indeed.ca/
http://toronto.en.craigslist.ca/ (GTA based)
Income Benchmark
(1) Survival Jobs:
$8 - $12/ hour (some Asian/Indian/Pakistani/Bangladeshi grocery shops/restaurants would even pay you $6 an hour)
(2) White Collar Jobs:
Though the following salary ranges are based on engineering/technical fields, these will vary to minimum extent for other fields:
• Entry-level: 50K – 70K/ year
• Experienced: 60K – 90K/ year
• Individual Contributor (Team Lead/ Manager): 80K – 120K/ year
• Sr. Management: 100K – 160K/ year
• Director: 150K – 300K/ year
• VP/SVP/EVP: 200K – 450K/ year
• CEO: 500K – 2M/ year
To differentiate between min and max, employees at Medical & Health, Oil & Gas, big IT companies etc. would touch the top level whereas entry-levels at business sector would start from bare minimum (but top level employees would get same or even more!)
Ontario discloses the salary (>100K/ year) of its public sector employees (Ministry/municipality, school/college/university, hospital/health service etc.), commonly known as the “Sunshine List” every year. Here is the link:
http://www.fin.gov.on.ca/en/publications/salarydisclosure/
Living Costs
(1) Accommodation
1-bed unit: $700 - $1100/ month
2-bed unit: $800 - $1300/ month
* 1-bed apartment can go up to $3000 depending on the location and luxury. I've listed the average for middle-class people.
** If utilities are not included with the rent, that would cost you an extra $60-$100/ month.
(2) Transportation
Monthly pass (Bus/Subway): $60 - $100/ person
Gas: $1.10 - $1.35/ litre (current)
Car Insurance: $150 - $300/ month (depends on variety of parameters)
(3) Food
Family of 2: $200 -$400/ month
Family of 3 & above (with children): no idea!!! (Must be more)
(4) Others
Internet: $40 - $$65/ month
Cell Phone: $30 - $70/ month (depends on what type of plan you're interested in)
Home Phone: $15 - $30/ month
Cable TV: $30 - $70/ month
* But if you bundle 2 or more from same service provider, you would save some.
Tax
(1) Consumption Tax
Harmonized Sales Tax (HST) is fixed at 13% on all goods (exemption: few child/feminine products) you buy in most provinces incl. Ontario. It's same as VAT in Bangladesh.
(2) Income Tax
Income Tax is mainly divided into 2 parts: Federal & Provincial; collected by Canada Revenue Agency (CRA). While the Federal is fixed for all, the provincial cut varies based on which province you live in. On top of your income tax, you have to pay for Canada Pension Plan (CPP) and Employment Insurance (EI).
All Tax Rates: http://www.cra-arc.gc.ca/tx/llrts/menu-eng.html
Tax is calculated based on income brackets. The above link will tell you everything.
Generally speaking, it varies from 25% to 35% for an income range of 40K – 100K yearly.
Benefits
I personally never had any of the following but GST/HST returns. No. 3 EI benefits are only for those who worked in Canada, paid EI regularly and lost jobs for unforeseen reasons. But it's highly not recommended.
(1) Tax Benefits
GST/HST Benefits: http://www.cra-arc.gc.ca/bnfts/gsthst/menu-eng.html
(2) Child Benefits
(2a) Universal Child Care Benefit (UCCB): http://www.cra-arc.gc.ca/bnfts/uccb-puge/menu-eng.html
(2b) Canada Child Tax Benefit (CCTB): http://www.cra-arc.gc.ca/bnfts/cctb/menu-eng.html
(3) EI: Employment Insurance Benefits (not recommended!!!)
http://www.servicecanada.gc.ca/eng/audiences/newcomers/benefits.shtml
(4) Ontario Students Assistance Program (OSAP)
http://www.ontario.ca/education-and-training/osap-ontario-student-assistance-program
For your reference to all Canadian Govt. agencies/services:
http://canada.gc.ca/depts/major/depind-eng.html