It might be difficult to decide between Canada Immigration and Australian immigration. Both of these locations provide fantastic employment options. They’re almost like mirror reflections of one other.
The quality of education in each of these nations is comparable. Canada has a minor advantage over Australia when it comes to schooling. In comparison to Australian schools, colleges, and universities, Canadian educational institutions are more cost-effective.
Suppose you are considering moving to another country. In that case, this blog will provide you with more information on immigration options, the cost of living, job prospects and other critical determining elements to consider before you make a choice. Please continue reading.
Jobs in Canada & Australia:
Job Security in Canada:
Canadian companies have a high retention rate of their employees. Job security is not assured. Pensions are provided to over 85 % of professionals in Canada who have steady employment. Furthermore, it was discovered that 94 % were paid while they were absent due to illness.
Job Security in Australia:
Workers in Australia have a high level of self-assessed job security, according to a recent survey. Across the nation, the average rate of job retention is around 89 %. A significant number of employees express complete confidence in their ability to keep their jobs for the next year.
Takeaway: Job security in Australia is greater than in Canada.
Canada & Australia Taxes:
In Canada, immigration, the average effective tax rate is 28%, higher than the global average. The average take-home pay for Canadian workers is roughly $35,500 per year, according to a report. Taxes often make a significant impact. The yearly salary you get after taxes is the amount you receive.
The average effective tax rate in Australia is 23.6 %. The country’s progressive tax rate guarantees that higher-income earners pay more tax. The tax-free level is $18,200, beyond which the tax comes in. There is no tax-free threshold for foreign residents in Australia.
Takeaway: Income tax in Australia is lower than in Canada.
Living Cost in Canada & Australia:
In Canada, the government provides generous benefits in food security and health care, among other things. Furthermore, as compared to Australia, the cost of living is a little less expensive. It is predicted that an individual would need $1,650 – $2,500 per month, while a family would require around $5,158 per month.
The cost of living in Australia is among the highest globally, with the country ranking 16th on the list of most expensive countries to live in. Further consideration, the cost of living in this island country differs from one location to another. Sydney is the most expensive city globally, and it is closely followed by Melbourne, Perth, Canberra, and Brisbane, in that order.
Takeaway: Life in Australia is expensive! On this front, select Canada.
Canada & Australia’s Healthcare:
In Canada, the majority of healthcare services are provided at no cost. Medicare is in charge of providing it. Medicare requires that you have health insurance coverage as a minimum requirement. The cost of health care is also less expensive here. The Canadian healthcare system is more compassionate than the United States.
Australia is home to a well-developed healthcare system. When you become a permanent resident, you will be eligible for Medicare benefits. On the other hand, many Australians opt to get private health insurance to pay the expenses of dental and specialized treatment.
Takeaway: Both Canada and Australia give comprehensive healthcare to permanent residents.
Scope of Citizenship:
After physically residing in Canada for three years as a permanent resident, you may be eligible for citizenship. However, you will be forced to take a citizenship exam and file your income tax reports. A Canadian permanent residency is a suitable option for anyone seeking long-term residence. It is the main benefit of Canada Immigration.
You may apply for Australian citizenship once you have physically resided in the nation for some time, whether as a temporary or long-term visitor. It is necessary to have a cumulative total of three out of the previous four years. You may be required to show a work history to be considered.
Takeaway: After 3 years in both Canada and Australia, you may apply for citizenship.