What is a good salary in Canada?

The annual average salary of skilled workers in Canada ranges between CAD 54,600 and 105,000. This may vary on the employment, experience, skills, and employers.

The following are the factors on which the cost of living in Canada depends:

• Housing:- The location of your apartment has a big impact on your costs. Renting a one-bedroom apartment in a desirable area might take you somewhere from $1,500 to $2,500 per month in large cities like Toronto or Vancouver.
• Transportation:- The costs of owning a car include insurance, fuel, maintenance, and other payments. As an alternative, individuals can use public transportation, which depending on the city, might cost between $80 and $150 per month for a transit pass.
• Childcare:- Families with children who need care can cost you from $1,500 to $2,500 per month varies on the number of children. Families must also account for the costs associated with schooling, including extracurricular activities and school supplies.
• Healthcare:– The Canadian healthcare system is publicly financed, although individuals may need to budget extra for things like prescription drugs, dental work, and vision care. Either out-of-pocket payments or private insurance can be used to cover these expenses.
• Groceries:- Depending on dietary habits and personal preferences, the price of food can be variable. Considering that an individual’s monthly expenses typically range from $200 to $500, budgeting for meals and groceries might assist control costs.
• Entertainment:- Going out to taste a delicious meal, seeing a movie, or touring nearby sights are just a few of the many entertainment possibilities available to individuals. Personal tastes will determine how much is spent on entertainment, but a monthly budget of $200 to $400 is a fair estimate.