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by YZF 3419 days ago
My point is the cost of living didn't go up 30% with the currency. I.e. there wasn't 30% inflation over those 4 years. While your salary is down 30% vs. the US$ due to currency exchange rates your cost of living is mostly unchanged. You have to keep that in mind when you compare salaries between the US and Canada. If you work for a US company and have equity as part of your compensation you just got a 30% raise in CDN$ out of that as well. ;)

So in "real" terms, e.g. purchase power of your salary, Canadians are paid reasonably well compared to their US peers while at the same time it seems there's a lot less inequality. Throw in free health, free education, vacation, severance, etc. and it's not such a bad deal for Canadians employees. At the same time their employers get all sorts of benefits for operating here. SRED and other programs. A more reasonable immigration system. Win-win.