Is it Worth Moving to Canada from Dubai?

Canada is the dreamland for working people where pay rates are high and the standard of living is enjoyable. But is it worth moving to Canada from Dubai? We will dig deep into it.

In 2021, around 8.3M people, from all across the world moved to Canada – making its total population 23%. With that respect, Canada has become the 8th largest immigrant country! With such high numbers, we know one thing for sure – Canada is the best country to move to! But should we consider this option from Dubai? We will figure it out.

Going there and setting up there is not a simple yes or no! There are a couple of factors we need to look at before making a wise and profitable decision!

So, let’s get started!

Reasons To Fly to Canada Today!

There are many reasons why people from the United Arab Emirates (UAE) might be interested in moving to Canada. 

Some possible reasons could include seeking better economic opportunities, seeking a higher quality of life, seeking a safer or more stable political environment, or seeking educational opportunities for themselves or their children. 

Canada is known for its strong economy, high standard of living, and welcoming attitude towards immigrants, which may make it an attractive destination for people from the UAE who are looking to start a new life in a different country. 

Additionally, Canada has a diverse and multicultural society, which may be appealing to people from the UAE who value cultural diversity and inclusivity.

Canada’s Economy

There is no comparison of economic stats when we talk about UAE vs Canada! The GDP stats strongly favor Canada as the annual figures reach 1.9 trillion USD.

The Canadian economy is built on natural resources, manufacturing, and service industries. The country is rich in natural resources, including oil, natural gas, timber, and minerals, which contribute significantly to its economic growth. 

The manufacturing sector is also a major contributor to the economy, with a focus on the production of automobiles, aerospace products, and other high-tech goods. The service sector, which includes finance, healthcare, education, and tourism, is also a significant contributor to the economy.

There are several factors that contribute to Canada’s strong economy.

1. One is its well-developed infrastructure, which includes a modern transportation system, telecommunications network, and energy grid. This infrastructure enables businesses to operate efficiently and enables the flow of goods and services throughout the country.

2. Another factor is the country’s skilled and educated workforce. Canada has a high rate of education and a strong tradition of research and innovation, which helps to drive economic growth. The country also has a stable and well-functioning political system and a strong social safety net, which helps to ensure economic stability and protect citizens from economic shocks.

3. Finally, Canada has a favorable business climate, with relatively low taxes and regulations, which makes it an attractive place to do business. Overall, these factors contribute to Canada’s strong and diverse economy, which has allowed it to weather economic downturns and remain a leader in the global economy.

Read Also: 7 Best In-Demand Jobs in Canada for Foreigners

Cost Of Living

The cost of living is another big factor when traveling to a new country! The recent Panadamic situation is disturbing the big economies as well – so we must compare the cost of living in Canada before we fly!

Check more here!

The stats have clearly no direction and show some mixed results. However, we can get the idea that Canada is a little bit more expensive than the UAE!

Income Tax?

The tax systems of the United Arab Emirates (UAE) and Canada are quite different. In the UAE, there is no personal income tax or corporate income tax. Instead, the government relies on revenues from natural resources, such as oil and gas, as well as taxes on goods and services, including value-added tax (VAT) and customs duties.

In Canada, the tax system is more complex, with multiple levels of the government collecting various types of taxes. The federal government collects personal income tax, corporate income tax, and other taxes, such as sales tax and customs duties. The provinces and territories also collect their own taxes, including personal income tax and sales tax.

In terms of personal income tax, the tax rate in Canada is progressive, meaning that higher earners pay a higher percentage of their income in taxes. The tax rate starts at 15% for income up to CAD 46,605 (for the 2022 tax year) and increases to 33% for income over CAD 214,368. There are also various tax credits and deductions available to Canadian taxpayers that can reduce the amount of tax they owe.

In comparison, the lack of personal income tax in the UAE may be attractive to some people, as it means that they can keep more of their earnings. However, the absence of personal income tax is generally offset by higher prices for goods and services, as well as by the cost of living in the UAE, which is generally higher than in Canada. Additionally, the absence of personal income tax means that the government must rely on other sources of revenue to fund public services and infrastructure, which may not be as stable as tax revenue.

Read Also: 9 Important Tips to prepare for a Walk-in Interview

Final Words

Canada is a popular destination for immigrants from around the world, and the United Arab Emirates (UAE) is no exception. There are many reasons why people from the UAE might consider moving to Canada, including better economic opportunities, a higher quality of life, a safer or more stable political environment, and educational opportunities.

 Canada has a strong and diverse economy, a high standard of living, and a welcoming attitude toward immigrants. It is also a diverse and multicultural society, which may be appealing to people from the UAE who value cultural diversity and inclusivity. However, there are also factors to consider before making the decision to move to Canada, such as the cost of living, which may be higher than in the UAE, and the tax system, which is more complex in Canada than in the UAE. Ultimately, whether it is worth moving to Canada from the UAE will depend on an individual’s personal circumstances and priorities.