Key Takeaway: You will have to pay less tax on income in Australia, than you would in Canada. Generous government benefits in terms of food security and health benefits are offered in Canada. Moreover cost of living is a bit lower when compared with Australia.
Cost of living in Canada is 8% cheaper than in Australia.
When it comes to expenses, Canada is cheaper than Australia, both in terms of cost of living and education. Additionally, Australia is relatively more expensive than Canada due to high housing taxes and food costs.
Canada is often considered to be a more affordable country to live in, with some comparing it to places like the United Kingdom and Sweden. This is because of the lower cost of living compared to Australia. For example, the cost of groceries is typically lower in Canada, while housing is also less expensive on average.
Since 1990, Australia's growth in real GDP per capita has been a little higher than Canada's. In terms of economic structure, the primary production sectors, combined, are of similar size in the two countries (Table 1). Australia has less manufacturing, but more mining than Canada.
So, in addition to learning English, you can discover a variety of cultures. With competitive prices, world-class institutions, and a great quality of life, Canada is the best country for international students. Canada offers one of the best higher education systems.
If one of your 2023 resolutions was to catch flights, not feelings, then we've got some good news for you: the Australian passport has been deemed one of the most powerful in the world.
Think the U.S. is the cheapest place to own a car on the entire planet? You're wrong. According to a new study by British website Scrap Car Comparison, it's Australia. Canada, meanwhile, ranks fourth.
Tuition & Living Expenses
When it comes to tuition expenses for international students across degree levels at universities, Canada is a far more affordable choice than Australia in most cases.
In Canada, you get better work opportunities and you can save extra money in Canada because of its low cost of living. Australia is also a great country for immigration but it have some limitations, there are fewer visa programs in Australia as compared to Canada.
Different pathways are available for Australians to move to Canada from Australia. They can migrate on Work Visa, Business Visa, Family Visa, or student Visa according to their requirements and eligibility.
According to the report, Bermuda is the world's most expensive place to live. Switzerland ranks second on the list (and it's definitely not the only European country), followed by new entrant the Cayman Islands, Bahamas, and Barbados.
If you are aiming to move to Canada from Australia, you will require a work visa. Or, if you are moving there to study, you will need a student visa. The Canadian government website provides all the details on these applications.
How powerful is an Australian passport? According to the Henley Passport Index, Australia's is the eighth-most powerful passport in the world, a position it shares with Canada, Greece and Malta.
“Queensland's known as the Sunshine State. All those rays and the laid-back lifestyle might be among the reasons why it's Australia's happiest state,” Bayliss said.
OK, so Melbourne may be the 'Friendliest City in the World', according to recent data – but Sydney has ranked in the top 10 global cities when it comes to both safety and happiness.
Canadian businesses readily accept most international debit cards, especially if they have a recognisable logo (like Visa, Mastercard, Cirrus, Maestro, etc).
1 CAD = 1.1022 AUD Jun 18, 2023 22:19 UTC
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Market analysts forecast a significant discrepancy in interest rates between Canada and the US due to the Canadian economy's higher sensitivity to rising interest rates. This may lead to a historic gap between the two countries' interest rates, causing a decline in the value of the Canadian dollar versus the US dollar.