It has been speculated that around 4,300 millionaires might leave India in 2024, and it comes as no surprise that most of them are setting their sights on Canada as their new home. This is because in a world where quality of life is paramount, Canada has been standing tall since a very long time, by being one of the most desirable places to live.
The said migration of millionaires isn’t just about financial securities, it’s about the pursuit of a better life, to find a place where not only them but also their generations could prosper and thrive.
There are many factors that are involved in keeping Canada’s consistent ranking as the best country globally for quality-of-life highlights. In this blog we are going to shed light of 8 factors that keep the quality of life in Canada top notch. These factors help in making Canada still the best Immigration destination for many people.
1. World-Class Healthcare System
Canada’s healthcare system is known for its universality and excellence. The country has a publicly financed healthcare system that provides free necessary medical services to all people, regardless of income or job status. This system is funded by taxes and is built on the idea of accessibility, guaranteeing that every Canadian has the right to get medical care without facing financial hardship.
The universal healthcare system decreases disparities that exist in many other countries, where access to quality treatment is typically linked to money. This situation creates an imbalance where the ones with wealth are the only ones getting good healthcare, whereas the ones with financial difficulties might not get access to basics. Everyone in Canada is treated equitably, which adds to the country’s high standard of public health.
Canada spends around 12.2% of its GDP on healthcare, which above the OECD average. This dedication is evident in the country’s outstanding health achievements, which include an average life expectancy of 82 years and an infant mortality rate of 4.2 per 1,000 live births. The emphasis on preventative treatment and early intervention benefits Canadians’ health, bringing the country to the top of the healthcare quality rankings.
2. Impressive Safety and Security
The feeling of safety and security is one factor that attracts immigration. People frequently relocate to areas that provide an exceptional level of safety and security for both residents and migrants.
Canada is among the safest countries in the world in this regard, which contributes to the country’s high standard of living. Consistently low in crime, the nation is renowned for its bucolic and serene towns.
Canada’s safety rating in 2022 was 93.2%, indicating efficient law enforcement and a feeling of security among citizens. People’s quality of life is directly impacted by this high degree of safety since they feel safe and crime-free in their homes and communities.
Canadians may live blissfully without always worrying about their personal safety thanks to their sense of security. By releasing people from the added stress of safety worries and enabling them to focus on their personal and professional lives, this enhances mental health and overall wellbeing.
3. Diverse and Welcoming Society
When deciding where to relocate, a lot of people consider the kind of society the potential destination offers when making their decision. A country where diversity is encouraged and newcomers are accepted without any opposition is indicated by a diversified and hospitable community.
One of Canada’s most distinctive aspects is its multicultural culture. In Canada, where immigration makes up over 20% of the population, the open and hospitable policies are well-known. Through the adoption of laws to preserve and promote variety, the Canadian government actively promotes multiculturalism.
Along with other anti-discrimination legislation, the Multiculturalism Act of Canada guarantees the recognition and fair treatment of people from various backgrounds. These strategies encourage all residents, regardless of color or cultural background, to feel a feeling of community and belonging.
Living in Canada is exciting and engaging because of the diversity that is valued and woven into the fabric of the country. Due to its friendly nature, Canada is a desirable location for immigrants, especially wealthy people looking to start successful careers for themselves and their families.
4. Excellent Education and Growth Opportunities
The quality of education that newcomers or their offspring will receive, along with the opportunities for career growth that the nation may provide, is another factor that entices many of them.
Canada is a leader in the quality of education due to its top-notch system that provides students at all levels with amazing chances. Public funding supports the nation’s education system, which offers top-notch instruction from elementary school through university.
International tests show that Canadian pupils routinely do well, demonstrating a strong focus on education. Additionally, the nation is home to some of the top colleges in the world, like the University of British Columbia, McGill University, and University of Toronto, which draw students from all over the globe.
Many Canadian colleges are ranked in the top 100 worldwide, and they are often included in global rankings. The high value placed in Canadian education on research, creativity, and critical thinking is reflected in this high score.
Canada is a well-liked choice for overseas students as well, providing a variety of government aid and scholarship opportunities. These programs facilitate international students’ admission to Canadian universities and subsequent employment in Canada.
5. Economic Stability and Prosperity
One of the world’s most prosperous and stable economies is that of Canada. The economy of the nation is varied, with significant industries in banking, technology, and natural resources.
Canada is the world’s tenth largest economy, with a GDP of more than USD 2.2 trillion. The country has an excellent standard of living, with an average income of USD 53,310 and a low unemployment rate of roughly 5%.
Canada is well-known for its entrepreneurial culture and small company rules. The government offers a range of grants, loans, and tax benefits to help businesses thrive and innovate. Canada’s economic stability and support make it a desirable destination for wealthy individuals looking to invest or start new enterprises.
6. High Quality of Environment
Another important reason for Canada’s high standard of life is its dedication to environmental sustainability. The country is renowned for its stunning natural surroundings, pure water, and air.
Environmental Commitment:
Sustainability and conservation are highly valued in Canada. Approximately 10% of the nation’s total land area is made up of the several national parks and protected areas. By taking these steps, Canada’s natural beauty will be safeguarded for next generations.
Government Initiatives:
To tackle climate change, the Canadian government has developed many policies, such as a carbon pricing scheme and investments in renewable energy. These initiatives seek to promote sustainable development while lowering greenhouse gas emissions.
Not only does Canada’s ecosystem remain in exceptional shape, but it also benefits tourists and recent immigrants who value living a healthy and environmentally conscious lifestyle.
7. Work-Life Balance and Social Benefits
Work-life balance is an essential aspect of Canadian society, and the country offers a number of social benefits that contribute to a high level of living.
Most full-time employees in Canada work an average of 36.6 hours per week, which allows them to maintain a work-life balance. This allows you to spend more time with your family and do activities you like, increasing your happiness and job satisfaction.
Social Benefits:
Canada provides a variety of social benefits, including parental leave, unemployment compensation, and pension plans. These benefits ensure that Canadians are supported through all stages of life, from parenthood to retirement.
Only 3% of Canadians work extremely long hours, vs 10% in OECD countries. Canadians report high levels of job satisfaction and happiness, indicating a focus on work-life balance.
8. Attractive Immigration Policies
For individuals looking to move to a new country and start afresh, other than social and cultural benefits the factor that determines their country selection is the type of immigration policy of the country and Canada’s immigration policies are among the most welcoming in the world, making it simple for people from all over the world to call Canada home.
Express Entry System, Provincial Nominee Program, Pilot Programs are some of the many alternatives that are offered by Canada to its immigrants. The aim of these pathways is to recruit qualified workers, entrepreneurs and investors who can help boom Canada’s economy and maintain the quality of the life.
Pathways to Residency:
These regulations provide clear avenues to permanent residency and citizenship, making Canada an enticing destination for those looking to settle permanently. The Canadian government also encourages family reunions, allowing immigrants to bring their families along.
Canada’s open immigration laws have helped to create a diverse and dynamic population, contributing to the country’s high level of living and global reputation as a top immigration destination.
Conclusion
Canada’s high ranking among other countries for providing an exponential quality of life is justifiable. Whenever any individual thinks of migrating to a new country, the things that they look for, like safety and security they are going to get, a healthcare system that cares for them, educational as well as professional opportunities, a welcoming environment, a booming economy along with work life balance and other social benefits, all these things are many more are offered by Canada to its immigrants.
These factors have made a Canada favorite destinations of people, and this is supported by Canada’s flexible immigration policies and a welcoming environment that greets immigrants with open arms.
There are many pathways that individuals can use to get their Permanent Residence in Canada and enjoy a prosperous life, to have a detailed understating on these PR pathways and immigration channels, it’s advisable to seek Rao Consultants expert advice, they can help you find a pathways that suits your criteria and make your Canadian journey seamless and hassle free.