Posted on: 31-03-04 23:32:40
Well saving money in Canada.... let me give you some numbers ( I live in Ontario so these numbers are good for Ontario 
)
If you normally listen to the news you will hear one news every year on radio on every 31st July that from tomorrow Canadians would start earning for themselves… and so on ( Means what you earn from 1st January to 31st July goes in to direct and indirect taxes). Now you left with only 5 months salary to survive. Around half of your take home salary goes in to housing ( own or rented), if you own the car that would trim your take home PAGAR by 20% - 25% ( including maintenance, gas and insurance). Now you are left with only 25% to 30% of your take home salary. I am sure the person who has this money must be able to calculate his/her savings at this point of time, isn’t it?
PS: When you calculate please factor in your expenses on grocery, telephone, internet, medicines, insurance, etc.
Good Luck with savings my Friends !!!! 
Thanks and regards.
Biomed
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"Change before you have to" : Jack Welch
i agree with Sridhar123 comments and i have my all hope and faith in super 7 and lotto 6 49. so God help others who r not relying on lotto
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Windsorguy
Life: Love it or Change it!!
Quote:
Orginally posted by veeraraghavan
Wife willing to work. I am mentally prepared to live even in a single room accomodation, Spend minimum money possible and stay in Canada for atleast 10 years and come back to India with my savings.
That really really sounds sooooo......familiar!! Yes...that's exactly what I said to myself when I cam here....earn big bucks in the sortest possible time and go back home and live royally ever after!! You have given yourself 10 years...I was even more optimistic....I had given myself 5 years to return! Today, I cannot stop laughing at myself for having thought that! Trust me...that's the most stupid thing you can tell yourself! Come if you have to...and if you do, remember to leave ALL...yes...ALL expectations at home before departing. Come here as if you have no PG, no degree in fact no education at all. Come here to be ready to work as a night-watchman(they call them "security officer" here...sounds nice eh?), or a warehouse person capable of lifting 20 kgs, or a taxi driver or some such vocation! I am not saying that's all you will work as...but that the chances are pretty good of that happening...at least for starters. Slowly you will get to realize that you are not alone in your experiences and feel less guilty in doing those type of jobs when you find people as much or more qualified than you, with as much or more experience than you doing similar jobs! Your wife will start working too in some chocolate wrapping assembly line or some sewing factory. You will buy a car and start driving at high speeds on expressways which will make you feel good. Your children will start attending free schooling and very soon will start developing that unique "Canadian" accent in their English. You will perhaps feel very happy about that since most of us "Indians" feel proud when our "baccha" talks "good English"! That's why we send then to all those "convent" schools back home! Very soon your kids will start forgetting their mother tongue. When spoken to in their mother tongue, they will reply in "canadian" accent English. While in India they were used to call you papa,babuji/mummy, maa here that will very quicly change to Dad and Mom! They will learn to eat fries and other junk food! Over a period of time, they will start making fun of India for not having "proper" toilet seats, and the "polluted" water, the cows on the roads, the heat etc and will start giving that as a reason why do not want to go there. To justify your continuation here you will satisfy yourself with the "dignity of labour" argument. Life will move on..maybe you will decide to to re-educate yourself by taking OSAP, or maybe you will get just plain lucky and land a job. Then will start the compensation for all that you had lost when you were not well off. So...you will buy a better car, and get a mortgage with 5% downpayent and buy a house asap! Then you will buy a wide screen TV and furniture and bed and dresser and so on and on! You will send back pictures of your family in the home and feel pretty smug with yourself. By this time it will be more than 10 years that you have spent here and your bank account will still not be boasting of any significant savings. The children would have grown up by this time and are getting ready to go to university or college. Then you get to learn the costs of university education, of tuition fees being anywhere between C$5000 to C$8000 per year. So you will then start saving up for the university education of the children. By the time thay are done, you would either have spent a substantial amount funding their education or be in debt to OSAP along with your child.
That's it....do you see any scope of "saving" good money and going back to India in this movie? And finally of course...remember...there is NEVER enough money!
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wisernow
i'd be drunk as a skunk to come to canada as an engineer. canada is "no good" for engineers, scientists, doctors or other professionals. u can do well if u r a doc, lier (lawyer) therapist or a dentist and you graduated from canadian school. forget it otherwise. just a tip, if u could find a way to move to USA with an indian degree u would be doin' mighty fine.
if u read one of my previous postings, i call the canadian professionals nothing but "dummies" and i am too vocal about it. why they are dummies, because most of the top jobs r held by college drop-outs and they r too afraid to compete, and obviously u will be asking these clowns for a position and confronting this typical statement " sorry!!! we want someone with canadian experience". i guess u have read the other options in this thread which are, security guard, cabby, or a dock or assembly line worker. b prepared.
can u save any money from this kind of work? yes it is possible, but that is only if u land a job with an auto maker, brewery/distillery or other high paying companys, but mostly immigrant will land a job in a sweat shop and end up working two jobs just to make ends meet.
on the other hand, if u had a hot "skill" (not a profession) with tool & die, CNC, PLCs & robotics, electrician or maintenance mechanic u could b heading in right direction. pc technician/network technician, auto mechanic etc r deadend jobs and these guys only average $12/hr. for an average living u would need to make at least $20/hr. or up or a salary of min. 45K. six digits is good but the luck of a professional immigrant is not.
so i hope u got the picture. leave ur wife there, and come here with the intentions to "settle" in USA, if not then better u get permission to work in usa right from there.
if u need more advice on it contact me thru my email address. one moe thing, don't try to get any advice from money rippers/scammers. one of the new comer was telling me yesterday that how he lost Rs 60,000 thru some SOB immigration paralegal, how could he take him to small claims court?
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