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Living Costs Canada

 

Food and Drink Costs in Canada

The Canadian food processing industry (NAICS 311) is one of the third largest companies and its biggest food industry. 3.7% of per capita GDP is attributed to the food processing industry and together with farming and agriculture makes up 6.3% of the country’s total GDP. Meat processing remains as the biggest financial source in the food industry.
Some of the products that Canada is known for are sausages, hotdogs, hamburgers and canned goods like meatloaf and corned beef. The farming industry has also helped a lot in contributing sales of frozen or canned vegetables and fruits like olives, pickles, corn, cherries and licorice.
As for drinks, Canada has a number of large breweries and wineries. Canadian beer and wine are popular among local residents and Americans. Some examples of well-exported beer products are from Quebec and Montreal. Food and drinks in Canada are priced fairly but not altogether cheap.
There are also baked goods and pastries available but these are also quite expensive especially in the big cities. Some people are able to acquire very affordable products like rice, corn, fruits and vegetables from farmers’ markets. An average family of four spends around 300 to 400 euro every month for food and drinks.
There has been a bit of a worry though in light of the current financial downturn worldwide. A looming price war in the food business is welcome news for cash-strapped consumers. Grocers, on the other hand, may face some challenging times down the road, and shareholders seem to agree. In the long run, it would provide most benefit to buyers all throughout Canada.

Clothing and Accessories Costs in Canada

Canada invests a lot in the fashion industry so modernized street fashion can be seen everywhere. Buying clothes and accessories in branded shops is going to be expensive. There are also runway shows, fashion magazine debuts and designer premieres that showcase the latest trends. Canadians know how to dress for the occasion but most of the locals tend to dress casually. In almost all the major cities, people are more fashionable and usually wear private label clothing, jewelry and footwear.
There are however, affordable clothing due to the growth of Chinese imported products. Locally made items have decreased by almost 7% due to the heavy competition brought about by wares that can be bought in bulk and wholesale. Other convenience and factory outlets also released several cheap accessories spurring Canadians to continue shopping and spending as despite the current recession as spending statistics show comparing the fiscal years of 2008 and 2009. Clothes have also gotten larger in size since the obese and overweight population was foreseen to have increased drastically.

Housing Costs in Canada

Canada’s construction sector has constantly grown over the past five years. In smaller states like Ottawa and Alberta, mortgage rates have also increased which boosted the consumer price index (CPI). The national average is now at all time high. Inflation levels have been very promising since more immigrants are coming in giving an estimated 3% rise every year.
The increase prices of real estate have not dampened the homeownership zeal of Canadians. Canadians need to provide initial deposits with concurrent costs that could last as long as a lifetime. On the positive side, most citizens have an average of over 13% disposable income.
Living in big cities like Vancouver, Toronto and Ontario is expensive but the rising rates of mortgages in other fast-growing urban states only make a slight difference. Laws and regulations on homebuilding, lot ownership and rental differ between cities. The Canadian government does well by monitoring landlords not to overcharge for apartment and condominium rentals. On the average, about 40% of the normal working individual’s income goes to housing costs which includes utilities and gas and experts predictions of an upsurge in this market in the near future.

Services Costs in Canada

The Canadian government is very generous in giving social assistance to all citizens. There are benefits that help support payment for commodities, food, house repairs, medications, health care car repair and fuel as well as on education. Scholarship grants are available from several public and private institutions. Workers also receive insurance and benefits during medical and financial situations. Some older individuals who did not finish their college degrees are also given the opportunity to study for free.
One of the model health care programs has been Canada’s very own as various levels of government pay for 71% of the health care costs, much of it is publicly funded in the Canada Health Act.
Canada also has equalization rights wherein the government provides income redistribution for those earning less than what is required for the whole family to cope and survive comfortably. Taxation rates can be adjusted by the government provided that citizens request and provide sufficient evidence of low affordability status. Canada is one of the leading nations in the world when it comes to social groups and programs.


Budgeting


There are many things to consider when budgeting for study abroad. Make a list of everything you can think of that you will need to pay for on a daily basis. Don’t forget to include lodging and meals that aren’t included with your program; personal items, such as toiletries, clothing, nights out, and souvenirs; additional travel, excursions, and daily local transportation; and some extra money in case of emergency. Here is a handy list of important things to consider when budgeting for study abroad. For more tips on budgeting and other important pre-departure information,

________Airline extra baggage charges
________ Airport arrival & departure taxes
________ Entry fees/tourist card cost
________ Visa extensions
________ Out-of-pocket school activity fees
________ Book fees/deposits
________ Lodging damage deposits
________ Transport to/from lodging & school
________ Weekend travel/excursions
________ Daily meals
________ Souvenirs
________ Going out (bars, dinners, etc..
________ Phone use/cell phone/calling card
________ Internet fees at Internet cafes
________ Incidentals: film, batteries, laundry, toiletries, etc...
________ Unexpected emergencies


Shopping

Here are some typical costs for living in Canada:

Bus Fare One Way (local)

$2.00

Local Telephone Call

$0.25

Average Restaurant Meal

$10.00 - 25.00 per person

Movie

$8.50

Letter within Canada

$0.46

International Postage (letter)

$0.95


Clothing

Everyday Dress
All but the wealthiest settlers wore clothing made in the home, often of cloth spun in the home and woven domestically or by professional local weavers. Styles tended to be conservative and to reflect rural French or, later, English styles. In the mid-19th century, as more ready-made clothing became available, fashion slowly became more accessible to the masses; however, most working-class attire continued to be fashioned at home.
Relatively small quantities of this clothing have survived because, as it wore out, it was recycled into QUILTS,RUGS, etc. In 1884 the first mail-order catalogue, the T. EATON COMPANY pamphlet, appeared, making recent styles more accessible to everyone, even in remote rural areas. This important development decreased the difference between conservative rural and up-to-date fashionable dress.

Men's Clothing
In the early French colonial period, many of the garments worn by ordinary townsmen and male country dwellers (mostly farmers) were similar to those worn in France. In the 17th and 18th centuries these settlers would have worn a variety of garments, sometimes broadly echoing fashionable ones but of a simpler, more utilitarian cut and fabric.
Women's Clothing
For ordinary and rural wear during the 17th century, and through to the late 19th century in Québec, women generally wore separate tops and skirts. In the 17th century and until the second half of the 18th century, corset bodices (approximately waist length and usually sleeveless), chemises (knee-length undergarments which could function for the working classes as blouses), petticoats (ie, skirts), aprons and caps were worn. This costume resembled attire seen in France and western Europe.


Insurance

When students come to Canada to study, they must have health insurance.

Health Insurance

Health insurance is insurance against the risk of incurring medical expenses among individuals. By estimating the overall risk ofhealth care expenses among a targeted group, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to ensure that money is available to pay for the health care benefits specified in the insurance agreement. The benefit is administered by a central organization such as a government agency, private business, or not-for-profit entity
health insurance policy is:
1) a contract between an insurance provider (e.g. an insurance company or a government) and an individual or his/her sponsor (e.g. an employer or a community organization). The contract can be renewable (e.g. annually, monthly) or lifelong in the case of private insurance, or be mandatory for all citizens in the case of national plans. The type and amount of health care costs that will be covered by the health insurance provider are specified in writing, in a member contract or "Evidence of Coverage" booklet for private insurance, or in a national health policy for public insurance.


Travel Insurance

Chances are pretty good that your trip will go smoothly and you won’t encounter any problems. Even so, you should plan for the unexpected. Cancelled flights, lost luggage and wallets can end up costing you a lot of time and money, so take out travel insurance before you leave. It won’t guard against bad things happening, but it will protect you against having to cover unexpected costs.
Don’t forget to take your travel insurance documents (and copies) with you when you travel. This documentation provides you with information and emergency contact numbers to use if you need to make an insurance claim.
Some providers of Overseas Student Health Cover (OSHC) offer travel insurance as an addition to your basic policy. You must make arrangements specifically for travel insurance – it will not be covered by your basic OSHC health policy.


Other forms of insurance

Students in Australia are responsible for their own accident and property insurance.
If you plan on buying a car in Australia, you must take out Compulsory Third Party insurance to cover any damage you may do to other vehicles. It is recommended that you also purchase insurance to cover accidental damage to your own car.