Rs 15 lakh salary in India vs $80,000 in Canada: CA decodes what 'blind' obsession with foreign life could cost you
For many young Indians, the dream of moving abroad—especially to countries like Canada—has long been seen as the ultimate life upgrade. The math appears simple: earn in dollars, live better, succeed faster. But beneath the
Instagram
reels lies a sobering reality that few talk about. A new comparison by a chartered accountant,
Nitin Kaushik
, has sparked debate online by decoding what a Rs 15 lakh salary in India truly offers versus the much-hyped $80,000 income in Canada—and the findings are eye-opening.
As per the CA, at first glance, $80,000 (roughly Rs 49–50 lakh) may sound like a jackpot. But he mentions that once you factor in Canada's steep taxes, high rent, vehicle expenses, grocery bills, and mandatory winter prep, the dream fizzles out fast. For many, what's left after monthly costs barely allows room for savings, let alone building wealth.
What can Rs 15 lakh salary in India get you?
Meanwhile, a Rs 15 lakh package in India, though often dismissed as 'less ambitious,' actually delivers far more in terms of lifestyle and savings. Lower cost of living, access to family support, affordable help, and cultural comforts all stack up in its favour. With manageable rent, home-cooked meals, and no brutal winters to navigate, life in India, especially for white-collar professionals, can offer balance, emotional well-being, and real financial progress.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Here's The Average Price of a 6-Hour Gutter Upgrade in Annandale
Homebuddy.com
Read More
Undo
The reality check doesn't stop there. Contrary to social media hype, the Canadian job market isn't always welcoming. Many new migrants land in low-paying survival jobs—retail, warehousing, delivery—just to stay afloat. Earning $30,000–$50,000 after taxes often means scraping by with minimal savings. And while Canada scores high on cleanliness and infrastructure, many face isolation, mental health struggles, and burnout, factors rarely discussed before..
— Finance_Bareek (@Finance_Bareek)
Of course, there are exceptions. The CA mentioned that professionals in tech, healthcare, or academia may still find great opportunities abroad. But for the vast majority—especially those going on student or dependent visas—the Canadian dream often turns into a quiet hustle for survival and PR.
So before chasing a foreign lifestyle for its gloss, it's worth asking some honest questions: What do you really save? How much quality of life are you trading? And most importantly—are you happy?
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
13 minutes ago
- Time of India
India's mutual fund AUM hits record Rs 72.2 lakh crore; retail investors & SIPs drive growth
SIP contributions reached a record monthly figure of ₹26,688 crore in May 2025. (AI image) I ndia's mutual fund industry has achieved unprecedented assets under management (AUM) of ₹72.2 lakh crore as of May 2025, showing a 22.5% increase compared to the previous year. The substantial growth stems from increased investor participation and greater adoption of systematic investment plans (SIPs), demonstrating broader financial participation across the nation, according to a report released by Franklin Templeton. The industry structure shows equity-oriented funds comprising more than 60% of total AUM, whilst debt-oriented funds represent approximately 28%. The passive investment segment has expanded significantly, reaching ₹11.97 lakh crore, representing a 25% increase from the previous year and constituting 17% of the total industry AUM. SIP contributions reached a record monthly figure of ₹26,688 crore in May 2025, with aggregate SIP AUM reaching ₹14.61 lakh crore. The industry now maintains 9.06 crore SIP accounts, the report said. India Mutual Fund Industry - Vital Stats The asset management sector has expanded considerably outside metropolitan areas, with B30 cities now contributing 18% of total Assets Under Management. The number of investors has grown to a record 5.49 crore, showing a 19% increase year-on-year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Türk kredi kartı kullanıcıları için harika haber! HANGİKREDİ Daha Fazla Oku Undo Individual investors dominate equity fund ownership with an 88% share, indicating strong participation from retail customers. The industry saw substantial capital raising through New Fund Offers (NFOs), collecting ₹1.01 lakh crore in the last 12 months, with equity funds accounting for 97% of the total. The highest net investments were recorded in sectoral and thematic schemes, whilst arbitrage and multi-asset hybrid categories emerged as preferred choices in their respective segments. While equity funds maintained positive net sales for 51 straight months, the equity net sales excluding SIPs and NFOs showed negative trends. Direct investments increased to 47%, driven by the rise of self-investing platforms and professional investment advisors, the report added. At the state level, Telangana recorded remarkable 32% annual AUM growth, followed by strong performances from Haryana and Uttar Pradesh. The mutual fund sector's expansion outpaced bank deposits, with its proportion to bank deposits rising significantly to 31.2% from 12.6% over ten years. The growth trajectory of India's mutual fund sector remains strong, supported by enhanced financial awareness, favourable regulations and improved digital access. The sector shows promising prospects for continued expansion, particularly through retail participation and passive investment strategies. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
16 minutes ago
- Time of India
Shark Tank judge Aman Gupta once said his home was run on his wife's money. Who is Priya Dagar? A look at their 'DDLJ' like love story
The panel of judges on Shark Tank India comprises individuals who have each faced significant adversity before achieving success, and Aman Gupta's story is no different. Known today as the co-founder and chief marketing officer of boAt, Aman walked a challenging path before becoming a household name in the Indian entrepreneurial world. Overcoming Early Financial Struggles In a candid conversation on Prakhar Ke Pravachan, Aman Gupta revisited his difficult years following his exit from a chartered accountancy role. He shared how this phase of his life was marked by financial instability. For years, he earned little to no money and relied heavily on his wife, Priya Dagar, for financial support. Despite the emotional toll, Aman kept pushing forward. He recalled travelling on local buses, strategically boarding them from the first stop to secure a seat so he could catch up on sleep or use the time to study. His dedication to growth meant working long hours—sometimes up to 16 hours a day—and switching between multiple jobs. While his peers seemed to be thriving in their careers, Aman often found himself questioning his decisions. It wasn't until he turned 40 that his professional journey began gaining the momentum he had always aspired to. He openly acknowledged that up until that age, it was his wife who carried the financial burden for the household. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo A Love Story Straight Out of a Film While Aman's career graph saw numerous setbacks, his personal life blossomed with romance and resilience. His love story with Priya Dagar is heartwarming and dramatic, almost like a plot from a romantic film. During an interaction with content creator Ranveer Allahabadia, Aman compared his own story to the Bollywood classic Dilwale Dulhania Le Jayenge. When Aman was heartbroken about Priya, his father encouraged him to go after her—mirroring the supportive father figure played by Anupam Kher in the movie. Desperate to see her one last time, Aman searched multiple train stations, trying to find where she was headed. Eventually spotting her name on a train chart, he boarded the train without a ticket, approached her, and simply said hello before walking away. That moment was enough to spark a deeper conversation between them. Since then, they've been inseparable for the last 18 years, standing by each other through thick and thin. Multiple Ventures Before boAt Aman's meteoric rise didn't happen overnight. In the same interview, he admitted that boAt wasn't his first attempt at entrepreneurship. Before this massive success, he had launched five other ventures—all of which failed to take off. However, each setback taught him valuable lessons, ultimately contributing to the brand boAt's current popularity. His Current Financial Standing Today, Aman Gupta enjoys remarkable financial success. According to a report by GQ India, his current net worth is estimated at around Rs 720 crore. From taking buses to save money to building one of India's most recognized audio tech brands, Aman's journey is a testament to perseverance, humility, and the unwavering support of a loving partner. Who Is Priya Dagar? As per her LinkedIn profile, Dagar is a professional who works in the field of venture philanthropy and investments that are sustainable and have a social impact. Earlier, she worked as a senior policy advisor at the Embassy of the Kingdom of the Netherlands for energy, environment, and climate change. Her professional journey spans over 15 years, during which she has fulfilled several important roles, such as Research Associate at The Energy and Resources Institute (TERI) and Consultant at the World Business Council for Sustainable Development. She holds an MS degree from Symbiosis International University.
Time of India
17 minutes ago
- Time of India
Crude oil demand set to decline in 2030: IEA sees first drop since Covid, supply growth to be led by US and Saudi Arabia
Global oil demand will decline slightly in 2030 for the first time since the 2020 Covid shock, the International Energy Agency (IEA) said on Tuesday, as slower economic growth, electric vehicle adoption, and energy transition efforts reshape the market. In its annual Oil 2025 outlook, the Paris-based agency forecast that global oil consumption would peak at 105.6 million barrels per day (bpd) in 2029 before dipping to 105.5 million bpd the following year. The shift marks a dramatic change from the post-pandemic recovery, when demand surged after a 2020 collapse to 91.7 million bpd during lockdowns, AFP reported. 'Annual demand growth will slow from around 700,000 bpd in 2025 and 2026 to just a trickle over the next several years,' the report stated, adding that major oil-consuming economies will reach peak usage before the end of the decade. The United States, the world's largest oil consumer, is projected to see demand peak in 2025, followed by a decline starting in 2026. China, the top crude importer, is expected to follow suit with a decline beginning in 2028. Middle East demand will peak in 2027, then begin falling in 2028, with Saudi Arabia forecast to post the "single largest decline in oil demand for any country" in absolute terms. The drop comes as the kingdom accelerates efforts to replace oil-fired power generation with gas and renewables. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Tired of Your 2BHK Looking the Same? HomeLane Get Quote Undo Meanwhile, the IEA noted that recent oil price spikes — triggered by conflict between Israel and Iran — are not backed by market fundamentals. 'We have a lot of supply in the market. Demand is much weaker than the supply,' IEA Executive Director Fatih Birol said, adding that the agency does not expect elevated prices to persist. The IEA, he said, is prepared to act if supply disruptions occur. Despite short-term risks, supply growth is expected to outpace demand through 2030. Global oil production capacity is projected to rise by 5.1 million bpd to 114.7 million bpd, nearly twice the growth rate of demand. Saudi Arabia and the United States together will account for 40% of that capacity increase, the agency said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
