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I've been living in Vancouver for about a month, and am to be here til April 1. There's many interesting things I have learning in comparing financials between the two countries, worker rights, savings plans, insurance, taxes, healthcare, etc. I'd like to share.
Employee subsidized healthcare costs - Single person: US=$211, CA=$50
529 savings plans: CA matches 20%
University Tuition: British Columbia subsidizes advanced degrees (like parts of Europe), annual costs for UBC ~$5000.
Healthcare: no deductibles, fees, etc in CA. Operations and procedures are anywhere from 3 to 10 times more expensive in the US.
ROTH IRA: For each year you missed, you can actually deposit the $5000 whenever you want. I.e. if you buy a house one year and cannot afford contributions, next year you can do $10k. You can also withdraw this money at any time without penalty.
Worker rights: In the US, if I am not meeting performance, I just be let go "at will". Here in Vancouver, employees for the same company are paid one months salary for each year the employee has been with the company. 5 year vet = EF of 5 months.
It saddens me to say but when you compare a lot of this stuff that matters to me, I cannot even propose one example where the US comes out ahead :/
Thoughts? Thanks!
[Gun policy is also very different, which I think is linked to much much lower crime.]
Employee subsidized healthcare costs - Single person: US=$211, CA=$50
529 savings plans: CA matches 20%
University Tuition: British Columbia subsidizes advanced degrees (like parts of Europe), annual costs for UBC ~$5000.
Healthcare: no deductibles, fees, etc in CA. Operations and procedures are anywhere from 3 to 10 times more expensive in the US.
ROTH IRA: For each year you missed, you can actually deposit the $5000 whenever you want. I.e. if you buy a house one year and cannot afford contributions, next year you can do $10k. You can also withdraw this money at any time without penalty.
Worker rights: In the US, if I am not meeting performance, I just be let go "at will". Here in Vancouver, employees for the same company are paid one months salary for each year the employee has been with the company. 5 year vet = EF of 5 months.
It saddens me to say but when you compare a lot of this stuff that matters to me, I cannot even propose one example where the US comes out ahead :/
Thoughts? Thanks!
[Gun policy is also very different, which I think is linked to much much lower crime.]