4 ms·

I have a pro-cons list about immigrating to Canada. Why Canada ? - Getting a masters level education is much cheaper. - Immigration has less hoops to jump th

I have a pro-cons list about immigrating to Canada. Why Canada ? - Getting a masters level education is much cheaper. - Immigration has less hoops to jump through. Specially if you are willing to live in the Atlantic side. - Great government and social benefits - I heard people are generally nicer. Why not Canada - - TAXES! TAXES! TAXES! - Canada is essentially the money laundering heaven [0] of North America. So buying a house and being in the so called "middle class" is a nightmare. - I believe that there is no middle class in Canada but I could be wrong as an outsider. If you are making money within a specified range that supposedly makes you an middle class individual, it is best to find shelter in government assistance programs because the income taxes are so brutal. I could be wrong, and I hope I am wrong. - American LCOL salary even if you live in Vancouver or Toronto which is HCOL. - If you want to earn big bucks you have to open an LLC and start contracting, which I believe requires a Canadian citizenship. I don't think you can open an LLC with a PR. Doing contract or remote work often requires an LLC. [0] https://en.wikipedia.org/wiki/Snow_washing https://en.wikipedia.org/wiki/Snow_washing I am happy to hear your feedback though. I personally prefer the whole middle region of America (WY, SD, ND, KS, IA...) than to Canada.

pcthrowaway 4y ago
> - If you want to earn big bucks you have to open an LLC and start contracting, which I believe requires a Canadian citizenship. I don't think you can open an LLC with a PR. Doing contract or remote work often requires an LLC I'm a citizen, but I work as a contractor without having to do anything to create a legal entity. I'm considered self-employed, and a de facto business of one.
- anyfactor 4y ago
  Can you give me a bit more info or tell what to google? Like taxes, accounting and stuff? I am trying to do something like that for a while.
  - kirankp89 4y ago
    Google Sole Proprietorship
    - anyfactor 4y ago
      Thank you
geodel 4y ago
I don't know if you care to be consistent: > Great government and social benefits > - TAXES! TAXES! TAXES! are one and same thing. Unless you think benefits can just appear out of thin air. Or just that others must pay for all good stuff that you looking to get.
- anyfactor 4y ago
  I believe Canada could find a better way to provide social benefits without alienating the middle class. First of all levying higher taxation or regulation for money laundering. I think that alone will reduce the tax burden on the middle class people. Taxation is a long controversial discussion that often leads to no where. But the gist is that, for the 60k+/year roles, if you are employed in America, from what I heard, your medical coverage is the same as the public health coverage by the Canadian government. In America you can buy a house within a smaller time frame at a more reasonable financial burden compared to Canada. The cost of Canadian taxation is reasonable to a limit.
  - amscanne 4y ago
    > First of all levying higher taxation or regulation for money laundering They should take it one step further and make it illegal!
    - anyfactor 4y ago
      They are never going to do that. Making money laundering illegal will send shockwaves across its economy. Canada is being criticized by both its citizens and foreign governments but the illegal moneyflows are actually proping the housing markets of Vancouver and Toronto up. It is a very complicated situation as taking any action against money laundering will also might greenlight foreign governments to sue Canada for harboring money from corruption and illegal activities. Taking actions against money laundering is always a slippery slope.
      - amscanne 4y ago
TheArcane 4y ago
> I don't think you can open an LLC with a PR This isn't true. Canadian PRs can start a business
- anyfactor 4y ago
  Thanks! I asked someone they were apprehensive about opening a business. I found out that PRs can do essentially everything except for vote and run for office. Thanks again.

pcthrowaway 4y ago

> - If you want to earn big bucks you have to open an LLC and start contracting, which I believe requires a Canadian citizenship. I don't think you can open an LLC with a PR. Doing contract or remote work often requires an LLC I'm a citizen, but I work as a contractor without having to do anything to create a legal entity. I'm considered self-employed, and a de facto business of one.

anyfactor 4y ago
Can you give me a bit more info or tell what to google? Like taxes, accounting and stuff? I am trying to do something like that for a while.
- kirankp89 4y ago
  Google Sole Proprietorship
  - anyfactor 4y ago
    Thank you

geodel 4y ago

I don't know if you care to be consistent: > Great government and social benefits > - TAXES! TAXES! TAXES! are one and same thing. Unless you think benefits can just appear out of thin air. Or just that others must pay for all good stuff that you looking to get.

anyfactor 4y ago
I believe Canada could find a better way to provide social benefits without alienating the middle class. First of all levying higher taxation or regulation for money laundering. I think that alone will reduce the tax burden on the middle class people. Taxation is a long controversial discussion that often leads to no where. But the gist is that, for the 60k+/year roles, if you are employed in America, from what I heard, your medical coverage is the same as the public health coverage by the Canadian government. In America you can buy a house within a smaller time frame at a more reasonable financial burden compared to Canada. The cost of Canadian taxation is reasonable to a limit.
- amscanne 4y ago
  > First of all levying higher taxation or regulation for money laundering They should take it one step further and make it illegal!
  - anyfactor 4y ago
    They are never going to do that. Making money laundering illegal will send shockwaves across its economy. Canada is being criticized by both its citizens and foreign governments but the illegal moneyflows are actually proping the housing markets of Vancouver and Toronto up. It is a very complicated situation as taking any action against money laundering will also might greenlight foreign governments to sue Canada for harboring money from corruption and illegal activities. Taking actions against money laundering is always a slippery slope.
    - amscanne 4y ago

TheArcane 4y ago

> I don't think you can open an LLC with a PR This isn't true. Canadian PRs can start a business

anyfactor 4y ago
Thanks! I asked someone they were apprehensive about opening a business. I found out that PRs can do essentially everything except for vote and run for office. Thanks again.