Are the salaries in Canada much lower than the United States?

Are the salaries in Canada much lower than the United States?

The United States is generally considered to have the lowest social safety net compared to its Canadian counterpart. One example of this is- paid maternity or paternity leave. The United States is the developed only country that does not guarantee any paid leave for new parents. In contrast, in some European countries, paid maternity leave can last for years.

As far as salaries are concerned, people earn pretty well in Canada and also live a peaceful and secure life than in the U.S. Though some items are expensive in Canada, there are many valuable things that Canadians pay less for. The first and the most important one is healthcare. According to the Canadian Institute for Health Information (CIHI), in 2019, Canada is expected to spend $264 billion on health care, which equates to $7,068 per Canadian citizen.

To put how much Canada spends on healthcare into perspective, let’s break things down a little more.

  • Total: $264 billion
  • Per Person: $7,068
  • Growth: 4.2% increase over the previous year
  • % of GDP: 11.6

Canada’s healthcare investment has increased steadily over the years. This figure is much better than the United States. 

Standard parental benefits can be paid within 52 weeks after the week the child is born or placed for adoption in Canada. The benefits are paid for a maximum of 35 weeks at a weekly benefit rate of 55% of your average weekly insurable earnings, up to a maximum amount.

Coming to luxury, a Volkswagen Golf or equivalent will cost you an average of $23,000 in Canada, compared to $26,870 in the United States. A Toyota Corolla or equivalent is $21,603 on average, while in the U.S., it is $24,902.

In education, according to Statistics Canada, the average tuition fees for undergraduate international students in 2019/20 are CA$29714 (~US$22,500) per year. Tuition fees range from $5,000 to $50,000 (£4,074 – £40,746) per year in the United States.

The monthly fee for putting your child in a private preschool in Canada is an average of $997. In the U.S., you’ll have to fork out an average of $1,047.

Additionally, Canadians pay less for surfing the web than Americans do. In Canada, a package of 60 Mbps or more with unlimited data and cable/ADSL costs an average of $129.95 per month.  In the U.S., the average starting price for internet is around $35, but most Americans are paying an average of $60/month For broadband.  Installation costs can add $100 or more to your upfront costs. In addition, equipment rental fees may add $10 or more to your monthly bill. 

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