Economic Benefits Of Living In Canada

Elaine Li 1

Elaine Li
Mrs. Peressotti
CIA4U1
November 6, 2014

Economic benefits of living in Canada

There are numerous countries in the world. Some are developing and some are developed. Even though the developed countries are not rare, people always have their favorite countries that they want to live in and make some ranking of those countries which are popular for immigration. As it is known to all, America is the country that most people want to immigrate to and it takes at least several years to be able to stay in America as an immigrant in the average. However, there is also one country in the North America that is popular for immigration in the recent year, accepting many
Since the achievement of every individual extraordinarily affects the economic efficiency of any company, the Canadian government spends a large amount of money in training educators and enhancing the facilities in education system in order to boost the economic well-being of their citizens; to improve the ability of the productivity and to maximize the already existing potential of our country's labor force. International empirical evidence shows that a more educated labor force should spur investment in physical capital, enhancing its productivity potential. Also, their excellent education for either youth or adults students becomes one of the reasons that attracts a lot of foreigners coming in because people know that the outstanding education will bring them economic profit in the future in many fields such as occupation. In addition, when the investment in education takes up a certain large proportion of the state’s expenditure, it will end up in providing much highly educated workforce to promote the market. With their high income, they will contribute more taxes to the government which is good for the long
Canada has the world's third largest oil reserves and the world's fifth largest natural gas reserves. Also it is one of the leading mining nations in the world, producing more than 60 minerals and metals. That is a significant advantage among the fierce international competition all over the world. Canada's sufficiency of resources decreases the business's cost of good sold, getting the raw materials with lower expenses since they have most of the resources domestically, instead of importing them from external states like others. Therefore, Canadian company could take good use of the advantage and become more competitive. Moreover, since Canada has many natural resources, the expenditure of people’s daily life decreases a lot, because natural resources take up a large proportion of people's total expense. For example, citizens in China spend 15% of their wages for gas in the average while Canadians only spend 7% in average. Thus, people living in Canada could enjoy their life fully and more free to spend money for other utility. The sufficient natural