Is Moving to Canada Ontario in 2021 Worth It for an Indian Family With an Annual Income of 43 Lakhs?

From the sounds of it, you and your wife have a comfortable standard of living in India, earning approximately 43 lakhs annually. The decision to migrate to Canada Ontario in 2021 is a significant one, involving both financial and personal considerations. This article examines the pros and cons of such a move, helping you make an informed decision.

Lifestyle and Standards of Living

Expect to experience a significant downgrade in your standard of living when moving to Canada. The country is known for its high costs of living and the general difficulty faced by newcomers without prior Canadian work experience. While Canada is generally a cleaner, safer, and more stable place with excellent social services and infrastructure, living accommodations and lifestyle will be quite different from what you are used to in India.

Benefits of Moving to Canada

Despite the downgrading, there are several advantages to moving to Canada:

Environmental and Political Stability: Canada has a cleaner and safer environment with strong social and political stability. Social Services: Access to excellent healthcare, social security, and other social services. Quality Education: Diverse and high-quality educational institutions. Infrastructure: Well-developed infrastructure that supports various aspects of life. Quality of Life: Opportunities to live in a top-ranked economy and raise a family, or simply enjoy the finer things in life.

While these are attractive benefits, the winter months can be harsh. Canada experiences significantly colder temperatures, especially for those from India. Be prepared to adapt to these conditions.

Challenges and Culture Shock

The move to Canada won’t just involve adjustments to lifestyle; you and your family may also face culture shock and emotional adjustments to a very different way of life. Canada is highly welcoming to newcomers, but the cultural differences can be significant. Adjusting to new customs, social norms, and even the way of thinking can be challenging, but these challenges can be overcome with time and effort.

Personal Sacrifices and Opportunities

Despite the challenges, the potential rewards are substantial. Living in one of the world's top 10 economies could offer numerous opportunities for your children, including access to better education and a higher standard of living in the future. If financial stability and a high standard of living are important to you, the potential advantages of moving to Canada may outweigh the initial drawbacks.

Alternative Strategies

Alternatively, if the goal is to maintain some quality of life while ensuring a short-term trip to Canada, you might consider spending good holidays in different countries using your income. Enjoying vacations and maintaining the current standard of living in India might also be a viable option, especially with a good income to support travel expenses.

Special Considerations for Young Couples

You are both 33 and upper-class Indians, and your wife may be under 30 and highly educated. This can present unique opportunities for immigration. If your wife applies for a Postgraduate (PG) degree in any Designated Learning Institution (DLI) in Canada, Canada's immigration rules permit you to apply for an Open Work Permit. This opportunity could make it easier for you to migrate and even apply for Permanent Residency (PR) in the future. This strategy could cost around 21 lakhs Indian rupees but provides a strong path to a Canadian PR.

Considering all the above factors, it is important to weigh your priorities and values before making any major decision. Evaluate both short-term and long-term benefits and challenges, and if the advantages appeal to you, the potential of moving to Canada can be a wise choice.