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If you make over 80k and have other investment income you will be put through layers and layers of taxes making your financial position not much different than if you had made 60k

Every immigrant student bring 50k-80k in canada, depends on the courses and universities. Which is free money for Canada as thousands of students bring this much money and make this this immigration industry a $35 billions industry every year, again free money. Government should start cutting down this and stop being greedy ?

Lol. Some facts are true but honestly its not that bad.. people do qualify for mortgages with 80k income as well.. may be a smaller house.. and the point where they mention we will pay debt for the rest of our life think of the time when our parents took loan to build houses in india and they paid a debt as well. It is because any first generation will have a struggle in any new place or country.since we were born in families where house was not a problem in india we think its easy. May be just move to a different city like move to Delhi from punjab and buy a home there. Can a youg guy in his 30’s take a loan from bank in india and make those big EMi’s in india which is about 30 to 50k a month in india.? Its going to be hard to buy a home in india itself coming from a middle class family.. so the mortgage struggle is relevant every place or a new city.\nAlso think of the basic things like cleaner air and water which people love in canada which by the way its almost impossible to get a Air quality index of 2 to 4 in any city in India.. basic things make a huge difference. anyways. Struggle is everywhere once we leave our home so learn to live with it else stay in the house which our parents built forever..

The cost of rent in LA should be compared to the cost of rent in Vancouver and Toronto. It's about the same.... Regardless of if you make 80k in USD or CAD, it's around 2600 a month in both countries so it will affect your wallet about the same on both sides. And in the US, you might even be able to make more money than in Canada in STEM fields, so the you might even end up with more in the US at the end. But it's heavily dependent on someone's situation. \n\nIt is however true that the US isn't as safe as Canada is.

Not to mention 10 plus years for some doctor appointments. This country is no longer glorious, it's being run by criminals who take 80k vacations that's our Prime minister for ya. We need a new government one run by the people. Vote on everything, nobody has absolute power, make everyone live like the poorest person, see how fast things get better

I used to want to be a father and have a big family. Now, I can't see myself ever owning a home and I make 80k a year in Ontario. This is unsustainable. I am 28 years old and have given up on that dream of a family.

I work two jobs and make around 80k but it feels like im living pay check to pay check, have a small house with mortgage, insane property taxes offset any savings.\nThis country is not worth it anymore.

You forgot to mention high taxes. Between GST, PST, income tax, carbon tax, EI and CPP (which you might never use), that's easily 50% of a person's income if you make above 80k. And the worst part is that the overly corrupt government handles our money so badly that we don't even see half the benefits we should. I would like to move to the USA but haven't figured out how.

Americans DO NOT make 80k a year. Lmfao.

Americans are not making 80k a year; the top earners are making astronomically so much they pull the average up more than the majority enjoys

Very nice conversation. Canada has opportunities for those who are capable to grab it. I was in real estate developments for 6 years during 2011-2018 started with $80k down payment. Until I build my 4000sqft home in Bluffs area in Toronto built few houses. It was a stressful time for many incidents. Dealing with City, contractors, finances is very delicate. All it needed patience and hard working to overcome the every challenges. When I ended up the trade after building my house during the pandamic using all the gains around $1.6m from the houses that I have built and sold. I realized I made $4m which is worth my mortgage free house. So, it is a journey from $80k to $4m in 8 years.. I witnessed many immigrants from South Asia got involved in the real estate construction and many has made few million dollars..\n\nTherefore, I would say to the new generation. Do not give up your hope but make sure you work hard and look for opportunities though it has become hard during these days..

Obviously the USA is number one choice. My brother is in robotics. Top of his class, go getter, good connections, etc. $80k canadian a year, moved to america, makes $250k american plus stock options (accounting for the exhange rate that's closer to $60k USD for the job in canada)\n\nCanada is great for mediocrity. America is great for excellence. \n\nIt is better to be bottom in the barrel in canada. It's better to be in the top in the usa. We do have a lot of higher payed unskilled jobs. Tree planting in canada for example can pay $30-60 an hour, whereas in america it's ussually closer to minimum wage (also due to geographical and structural differences within the same job). Whereas all tech and medical jobs will pay drastically higher in the USA.

As someone with full citizenship in Canada, EU, and United states I feel lucky tbh. Granted, due to personal reasons I am still a software dev in Canada making like 80k US vs the 180k Id make there.

There is an affluence threshold which would determine whether or not a Canadian should move Stateside. It is probably easier to do business in the U.S. IF you are able to become independently wealthy or if you make 80k+ with all the benefits, then it would make sense to move Stateside. Below a certain affluence threshold, stay in Canada.\nNote: there has been an epidemic of gun violence in the Greater Toronto Area. However, it is easier to procure guns in the U.S..

It's going to cost taxpayers alot of money to support these folks but thankfully, we're going to have another 80k irs agents to make sure that everybody pays their share....thanks biden, you think of everything

Well ,there it is than. I live in the Netherlands and as a Dutch I can tell you we pay also a lot of tax compared to our salary, but public facilities, healthcare, roads, buildings and almost everything else is insanely well arranged. But I wonder, I often see that salaries in the USA and Canada easily can be 80K-150K for 'normal' jobs........well in the Netherlands by far most people do not make 50K a year before tax. So if your are complaining in Canada that the taxes are so high, than there is no other explanation that in the basis goods/services/utility bills are much more expensive compared to your salary right? Great video, I really like this country explainers :) One day I will visit Canada for a nice holiday trip or so, we still have I believe some distant relatives from my grannies side but I am not sure, old people :)

I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks (with the help of my Financial Advisor of course) and made about 246k, but guess what? I put it all back and traded with her again and now I'm rounding up close to a million.