Is Canada's pension enough to live on?

150,000 RMB, equivalent to Canadian dollars, which is nearly 3 million Canadian dollars. I can definitely tell you that if you live alone, you can definitely live a well-fed life.

Many people don't know much about Canada. Today, I will briefly talk about the cost of living in Canada from the aspects of housing prices, food, clothing, housing and transportation.

1. Big cities

In Canada, Toronto, Montreal, Vancouver and other first-tier cities, urban housing prices generally range from 500,000 Canadian dollars to10.6 million Canadian dollars.

Converted into RMB, between 3 million and 8 million RMB.

The price of this house is not as high as that of first-tier cities such as Beishangguang. It is similar to domestic second-tier cities and urban areas.

So if you are not particularly demanding about the house you live in, you can buy a house of about 100 square meter in downtown Toronto for 500,000 Canadian dollars. That's enough. You live alone.

2. Small cities

Unlike China, cities in China are divided into one, two and three lines ... all the way to the seventh and eighth lines.

Canada is vast and sparsely populated. Except those big cities, the rest are almost all small cities.

If you go to some small cities in Canada to settle down for the elderly, it is much cheaper to buy a house. Generally 65438+100,000 Canadian dollars-300,000 Canadian dollars, you can buy a villa.

Although small cities are not as prosperous as big cities, they will be quieter and suitable for old-age life.

1. Food and beverage prices

The price of white rice in Canada is about 60% higher than that in China.

The price of Canadian flour is about 30% higher than that of China.

The price of Canadian eggs is nearly 40% higher than that of China.

Canadian chicken prices are 60% higher than those in China.

Canadian beef is about 7% higher than that of China.

In addition, the average price of some vegetables and fruits in Canada is about 50% higher than that in China.

So in terms of eating and drinking, if you need 2000 RMB per month in China, you need at least 3000 RMB to go to Canada.

2. Travel fare

For Canadian buses, the one-way ticket is generally around 15 RMB. Monthly tickets are generally around 450 RMB.

As for taxis, the Canadian starting price is 20 yuan.

The transportation cost of traveling in Canada is more than twice that of China.

3. Utilities, property fees

If the apartment 100 square meter, the domestic utilities and property fees are estimated to be around RMB in 400 yuan for one month.

However, in Canada, 100 apartment, water and electricity property fees, a month is close to 900 yuan RMB.

By comparison, it is also about twice as high.

4. Communication network fees

Compared with China, the telephone communication fee and internet fee in Canada are very high, which is about three times that in China.

5. clothes and shoes

In terms of clothes and shoes, the price in Canada is cheaper than that in China. The same type of clothes and shoes are about 20%-30% cheaper.

6. Medical treatment

One of Canada's greatest advantages over China lies in its medical system.

In Canada, medical treatment and hospitalization in public hospitals are free. All the medicines you took during your stay in hospital were free. Including your meal, it is also free.

Of course, the premise of freedom is that you should be included in their medical system, that is, immigrants should join their nationality.

If you have150,000 RMB, it will be nearly 3 million in Canadian dollars. I spent 500 thousand on a house, and then I left 2.5 million Canadian dollars.

How much interest does this 2.5 million Canadian dollars deposit bank need every year?

Canada's one-year benchmark interest rate is 1%. If you deposit in a commercial bank for a long time, it can reach about 1.5%.

Based on 1.5%, the average annual interest is:

250×150 = 37,500 Canadian dollars

The annual interest is 37,500 Canadian dollars, and the average monthly interest is 3 125 Canadian dollars.

At present, the per capita income in Canada is about 3 100 yuan. Therefore, plus the monthly interest on bank deposits, you can meet your normal life.

1. If you spend 5,000 Canadian dollars a month,

The retirement age in Canada is 65, and the maximum pension for one month after retirement is only 1 100 Canadian dollars.

In Canada, 5,000 Canadian dollars a month is enough for a retired person to live a carefree life.

According to the monthly expenditure of 5,000 Canadian dollars, the annualized interest rate 1.5% will increase by 2.5 million, and the life with principal and interest can last for more than 70 years.

2. The monthly expenditure is 65,438+0,000 Canadian dollars.

If you spend 10000 Canadian dollars every month, you can live a luxurious life.

2.5 million Canadian dollars, according to the annualized interest rate 1.5% increase, with interest and principal can be maintained for nearly 30 years.

If you immigrate at the age of 50, it is enough for you to live a happy life.

Although the price in Canada is generally twice that in China, you have 3 million Canadian dollars. 500,000 yuan to buy a house, 2.5 million yuan in the bank, and 37,500 Canadian dollars in annual interest.

With this interest income, you can retire comfortably.

Even if the expenditure is increased, it will cost 10000 Canadian dollars every month. It is equivalent to the retirement salary of 20,000 to 30,000 yuan per month in Beishangguang. The deposit principal plus interest is enough for you to live a luxurious life.