Why Canada is the best country in the world for expats?
In the last five years, several survey groups have evaluated the best and worst nations for expats. During this period, Canada has always retained a position among the top 10 best nations for expats. Hence, expats tax consultants in Toronto have successfully served the people who settled in Canada for professional and commercial reasons. This type of survey is done considering factors like the economic structure of a nation, digital infrastructure, real estate infrastructure, job market and ease of doing business.
Different surveys & reasons for Canada’s success in expat-related matters
The HSBC Expat Explorer Survey took a sample of 27,000 people in 190 countries. This survey considered 27 indicators and they were categorized into 3 broad groups.
Under the category of “Experience”, there were indicators like property, healthcare, finance, safety, integration, friendly environment, health, culture, and quality of life. Canada received a 3rd rank in the world while considering the “Experience” category. It received high marks on the performance of integration, health, finance, and quality of life.
Under the category of “Family”, you can find the indicators like tolerance, social life and friendliness with partners, and quality of childcare, the cost to raise a child, quality of life, health and integration. Considering this category, Canada ranked 5th in the world. However, when the survey considered the indicator “tolerance”, it had been found that Canada ranked 1st in the world.
Under the category of “Economics”, there were indicators like job security, work-life balance, career achievements, politics, entrepreneurship, economic confidence level, savings, wage growth, and disposable income. Canada received high marks on the performance of entrepreneurship and politics and it received 10th rank in the world for the “Economics” category.
The world’s largest expat’s community has 3.5 million members. This community has taken part in the “Expat Insider Survey” recently. For the first time, in this survey, a “Digital Life Abroad Report” has been included which shows a nation’s ability to provide different types of digital requirements to its expats. Canada has achieved a 7th rank in the world according to this report.
It has been found that nine in ten expats or 94% of expats find it easy to perform cashless transactions. Canada has ranked 8th globally in terms of easily accessing Government and administrative services online.
Some prospects
The Country Guide says that people staying in Canada enjoy a “life as sweet as maple syrup.” It declares that Canada is the dream destination to expats due to its strong economy, amazing scenic views and a superb social security system. It indicates that as an expat you can find a lot of job opportunities in Canada.
We at the Accounting & Tax, being one of the most reputed expats tax consultants in Toronto, help expats to reap the benefits of expat policy of the government of Canada efficiently.
