100,000 immigrants are leaving Canada 🤯 | Reverse Immigration 🇨🇦

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  • Опубликовано: 5 июл 2024
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    I am a licensed mortgage agent M21004312 working with Dominion lending centres, Valko Financial FSRA13047. I work with over 60 lenders including the top banks to provide an array of mortgage products that are suited to your needs. I can help you with your housing needs across all provinces in Canada (except Quebec).
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    00:00 - Intro
    01:35 - The Numbers of how big is it and why?
    05:56 - Why does Canada need immigrants
    09:51 - The Problem
    13:01- Is the Canadian dream over?
    13:52 - Retire in India?
    19:24 - Outro
    MORE ABOUT ME 👇
    My mission is to provide you with actionable content that enables you to build your wealthand live up to your potential. I came to Canada with my wife (Simran), during the pandemic in 2020, started with very little money, no job - to today, where I recently quit my job after building my side hustle to a cool 6-figures in revenue. I have met so many amazing people and mentors along the way, and I want to bring everything that I have learnt and continue to learn to you via this channel.
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    DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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Комментарии • 435

  • @rameez9147
    @rameez9147 5 месяцев назад +36

    Me and my wife left last week.

    • @avijitbasu5789
      @avijitbasu5789 3 месяца назад +2

      Congratulations!!! You took the correct decision.

    • @davidchau4861
      @davidchau4861 3 месяца назад +2

      good choice , now spread the word !

    • @user-bz3pv3lb6s
      @user-bz3pv3lb6s 2 месяца назад

      Only paindo Punjabis go to Canada 😅

    • @sameerranjha6664
      @sameerranjha6664 Месяц назад

      Why can u plz tell me

    • @kumarm9221
      @kumarm9221 5 дней назад

      Congratulations🎉🎉🎉

  • @vineetlove80
    @vineetlove80 6 месяцев назад +8

    bro you have churned out a very high quality content after a very long time:) awesome presentation backed by numbers and not retorics.

  • @JerryAgenyi
    @JerryAgenyi 5 месяцев назад +7

    This is really detailed. Thank you for the work you committed to this.

  • @jarnailjolly1856
    @jarnailjolly1856 5 месяцев назад +4

    Very well explained. Keep up the amazing work, you are helping alot of folks around.

  • @dattsud
    @dattsud 6 месяцев назад +7

    Very informative as always! Thanks for making it simple and to the point.

    • @maaki3389
      @maaki3389 5 месяцев назад

      He himself brought his brother; sister; sister in law; brother in law and now all of them will produce kids here - No use of such population to Canada. He and his wife himself came using fake documents when thy were not even having jobs in India.

  • @nishanthshouri6726
    @nishanthshouri6726 6 месяцев назад +2

    Wonderful analysis Navjot ! Really liked that you are transparent and honest in your approach and not sugarcoating anything

  • @asimmsiddiqui
    @asimmsiddiqui 6 месяцев назад +30

    Thanks Nav. I have been in Canada for the past year and half. I am originally from India but now a British citizen. I was in Canada on a work permit but now moved back to uk. we did seriously consider migrating but there are so many thing that u have highlighted in your video. However I would like to add a very important point that you have not touchd upon. Its the school education system and then further education. The school education is tremendously relaxed, does not prepare children for the real world and then there is lot and lots of indiscipline. Mind u I was living in Oakville which is believed to be one of the posh places to live in Ontario. Many schools do not have proper class rooms. My girls who were in Class 6& 8 use to sit a porta cabin which was there class room.
    Thereafter there is a serious bottleneck if ur child wishes to pursue a career in Life Sciences. Sorry, but if u were to ask me then Canada is a serious waste of time tbh.

    • @emailshe
      @emailshe 5 месяцев назад +1

      May I know why you initially decided to move out of UK, UK is always a better place with more jobs was my tought

    • @sz4846
      @sz4846 5 месяцев назад

      Correct. Everything is doomed here. I am planing to move out asap to better life and place for my kids

  • @eyeinfinite27
    @eyeinfinite27 5 месяцев назад +1

    Thank you Nav 🙏🏼

  • @simplychandan7442
    @simplychandan7442 5 месяцев назад +2

    Awesome advice!

  • @shivamtyagi6367
    @shivamtyagi6367 6 месяцев назад +7

    This is what I have been talking to my friends and they look at me like someone who is always cribbing. A very good video with good explanation Nav. Rise and Shine 🧿

  • @mrrownel
    @mrrownel 5 месяцев назад

    Thank you. Well explained. Clear and encouraging.

  • @lawyerkppatel
    @lawyerkppatel 6 месяцев назад +2

    Amazing. Really knowledge videos. Appreciate your time spent on research and calculations

  • @navroshsehra7763
    @navroshsehra7763 5 месяцев назад +2

    Excellent video!!

  • @frankfanning6341
    @frankfanning6341 5 месяцев назад +24

    I've lived in a town in a western country for 50 yrs. Population 25,000 (near major cities that are very diverse/liked). Until 3 years ago, most citizens in my town would RARELY have described our home as a "college town". If ever. Even though the college opened 6 decades ago. Even though it has always had a good reputation (and many programs). Even though we've liked it a lot. When the college was talked about, it was seen as a place where many minds go to learn every semester. To embrace a career. Plus international students of all races (like our town of numerous races) were seen as adventurers wishing to also learn about our country. Perhaps one day they would wish to stay in our country. Why? Because they grew to like it (and it's people) and wish to remain involved.
    These thoughts have changed IMMENSELY. Since 2019, many long-term citizens feel like our college classrooms and dollar stores and convenience stores and hotels/motels/homes and restaurants have all quickly turned into a BIG immigration system for thousands of Indians wanting PRs. I sound cruel but I'm not a cruel person. I'm just concerned by the high-pace and high-volume (housing prices are SOARING) ... and about exactly how things in town are changing too. Because rich Indian men are also very quickly buying many of the above places (minus college), AND they are changing things in ways where someway/somehow (by a far margin) eventually the Indian boss benefits most ... followed by people HE trusts (and 90% are Indian).
    Longtime citizens are feeling more and more hurt by their sudden firings, by their hard-earned invoices (for completed work) not being paid, by feelings of discrimination in multiple areas i.e. intangible services. The common denominator is centering around power-driven MEN (raised in India). They appear kind, yet occasionally not (in a strange way that's hard to explain). We regularly see them not appreciating their Indian staff! Especially women. So much so that I Googled "caste system" recently. Something I never was interested in doing before.
    I'm surrounded by fun citizens who have strived to be kind, racially-diverse-oriented, and WELCOMING people. But now they're not knowing what to think. And the concerned are not all white ... nor non-Asian. Our city friends are saying the same while witnessing a very sharp spike in Indians claiming asylum at the airports. Scamming being discovered more & more as even Indians (who immigrated decades ago) complain about it.
    Most citizens here are not rich. Most are middle to low. We have a homeless crisis happening since pandemic. We lack space and infrastructure etc., for a tidal wave of people. India is deemed a safe country with potential ... that doesn't meet refugee status. So everyone is wondering "what's up".
    PS Many Indians we've met are great. It's a select few ... plus the PR frenzy ... & maybe caste sometimes ... that's causing concerns. And we know our country's leaders have made some mistakes along the way in regards to wanting immigration vs ability.

    • @hemantthorat3691
      @hemantthorat3691 5 месяцев назад

      India is 1.4 billion population which is roughly 18% of the world. So when you talk about India you are talking about 18% of world. Whereas In India , Canada is considered as country harbouring terrorists for its political interests.

    • @aqal5333
      @aqal5333 5 месяцев назад +3

      Very well put together, thank you. I thought this mass influx of Indians was taking place only in Toronto, but no, it's everywhere.
      Sad. I have written to Mr. Miller to put in a quota system.

    • @manh9105
      @manh9105 5 месяцев назад

      Jagmeet Singh and his khalistani friends are the reason for your troubles

    • @aqal5333
      @aqal5333 5 месяцев назад +2

      @manh9105 Plus, all the other hundreds of thousands of Indians, many modi supporters, quitting India every year.

    • @avijitbasu5789
      @avijitbasu5789 4 месяца назад

      ​@@aqal5333 GUJJUS...But, Gujjus ( unlike Punjabis) intend to utilise Canada as a TRANSIT POINT. Their aim is to use Canada as a STOP GAP to sneak into USA.

  • @saurabhbabbar2631
    @saurabhbabbar2631 6 месяцев назад +2

    Thanks for sharing insights!! Again an informative video!

    • @growwithnav
      @growwithnav  6 месяцев назад

      Thanks 😊

    • @mntzar3137
      @mntzar3137 3 месяца назад

      What he is not telling you is that there's a yearly contribution limit to TFSA, that is you can NOT invest more than $7000 a year as of 2024.

  • @CanadianMalluTusker
    @CanadianMalluTusker 5 месяцев назад

    Awesome video 👏.. looking forward to see more

  • @priyakadam147
    @priyakadam147 6 месяцев назад +3

    Excellent Content 👍👍

  • @pankajkumarroy7794
    @pankajkumarroy7794 6 месяцев назад +2

    An excellent calculation like a financial expert

  • @sandeepshresthasir
    @sandeepshresthasir 6 месяцев назад +63

    Now when we are close to immigrating to Canada, now this video comes. This video needs maximum share

    • @growwithnav
      @growwithnav  6 месяцев назад +2

      Wishing you the best 🙌

    • @WiseTreee
      @WiseTreee 6 месяцев назад +27

      Come to Canada, do not invest in real state, don’t take any car loan or home loan, just survive for 3 years with minimal liability, get Citizenship and move to USA.🇺🇸

    • @bradzimmer239
      @bradzimmer239 6 месяцев назад +17

      NO....Please don't come to Canada. :)

    • @avijitbasu5789
      @avijitbasu5789 6 месяцев назад

      Before planning to immigrate to Canada, you should had done your Home Work. Canada is a DEAD nation, now. One should realise that if IMMIGRATION IS EASY, SOMETHING IS FISHY!!!

    • @avijitbasu5789
      @avijitbasu5789 6 месяцев назад +8

      ​@@WiseTreeeSuch tactics are nothing new. Since last two decades, Desis like me have PERFECTED 3:13 this scheme. Now US IMMIGRATION is too alert when issuing TN 1 ( NAFTA VISA). The offer letter must match the REQUIREMENTS of your education and skills that validate the expectations of US IMMIGRATION.You must have an university education from a RECOGNISED UNIVERSITY, ( not HUMBER COLLEGE)

  • @OhhCats
    @OhhCats 5 месяцев назад +12

    Housing crisis will not go away.
    Canada must change its zoning rules to allow European-style multi-apartment condos in more places. Licensing requirements must also be relaxed so that specialists from abroad could get jobs in Canada if they already have license and experience in another country. Especially doctors and nurses - there is a terrible shortage of medical professionals in Canada

    • @meaghanorlinski8464
      @meaghanorlinski8464 4 месяца назад

      This! Our suburbs are making everything so expensive. Every house then needs multiple cars just to exist- such a huge expense. And then the traffic jams. Commuter culture is killing the Canadian dream.

  • @canadianindian1918
    @canadianindian1918 6 месяцев назад +7

    Hello old friend! I hope you remember. I have been trying to comment on your videos to educate your viewers. I predicted interest rate increasing back in August 2020 when you were just fresh off the boat and buying pre-cons. All this while, I was just following your journey to see when you start speaking the truth,, and turns out this video is the most important videe among both of your channels. cost of failure or rist taking is education, and it's good to see some good lessons learnt. Also good to see how you are using your platforms to educate other people.

    • @canadianindian1918
      @canadianindian1918 6 месяцев назад +1

      Here is my next prediction - Canadian Dollar will fell from 1.3 to 1.7 compare to US currency.

    • @sheeravtales
      @sheeravtales 6 месяцев назад

      ​@canadianindian1918 This is 100% correct as the rate of interest go down value of money will drop hence cad will be more cheaper

  • @liyalouise9034
    @liyalouise9034 6 месяцев назад +7

    Thank you Navjot. This gives me answer to my all my 'What if 'questions.

  • @iashaikh20
    @iashaikh20 6 месяцев назад +2

    So glad to see Navjot grow so good ! Hope to hear from u...if at all you would remember me 😅

  • @navdeepsinghbedi6218
    @navdeepsinghbedi6218 6 месяцев назад +1

    What are your views on universal basic income would that help control inflation or totally turn the tables on the wrong side? Please provide your understanding

  • @HarneetSuri
    @HarneetSuri 6 месяцев назад +3

    This is insightful, and the numbers make a lot of sense. Thank you, Navjot! More power 🙌🏻

    • @growwithnav
      @growwithnav  6 месяцев назад

      Thank you 😊

    • @mntzar3137
      @mntzar3137 3 месяца назад

      What he is not telling you is that there's a yearly contribution limit to TFSA, that is you can NOT invest more than $7000 a year as of 2024.

  • @khushilshah2858
    @khushilshah2858 5 месяцев назад

    Presentation was top notch. Very insightful 🎉

    • @mntzar3137
      @mntzar3137 3 месяца назад

      What he is not telling you is that there's a yearly contribution limit to TFSA, that is you can NOT invest more than $7000 a year as of 2024.

  • @er.mayurpatel
    @er.mayurpatel 4 месяца назад

    Thank you
    Navjot

  • @kunalmahajan5004
    @kunalmahajan5004 6 месяцев назад +1

    Nice video Navjyot. Super helpful. I'm following whatever you've shared to the T, almost
    Retirement in Canada is a dream I dread.
    Perhaps you could create a new video which gives the FIN or the $ needed to retire in Canada.

  • @trivedigmt
    @trivedigmt 6 месяцев назад +2

    Wow Navjot.....big fan of your numbers and detailing ❤

    • @mntzar3137
      @mntzar3137 3 месяца назад

      What he is not telling you is that there's a yearly contribution limit to TFSA, that is you can NOT invest more than $7000 a year as of 2024.

  • @maplesyrup8775
    @maplesyrup8775 5 месяцев назад +1

    Amazing stats👏

  • @susannawong3240
    @susannawong3240 4 месяца назад +1

    Incredible technical economy education for immigrants including expatriates. I love it n wish your youtube account grows successfully ❤

  • @asfarshakeel9390
    @asfarshakeel9390 6 месяцев назад +4

    Hey Navjot! Thanks for the video, super informative,as aslways! 😊. Would it be a good idea to minimize/stop contributions to TFSA if we intent to buy a house between 2024 Q4 and 2025 Q1? Its best put the money to down payment and avoid the risk of stocks until closing, right?

    • @growwithnav
      @growwithnav  6 месяцев назад +2

      You should max out your FHSA first in my opinion (before TFSA) - this requires more elaborate planning - I worked and saved aggressively without putting money into TFSA - but your situation can be very different

    • @bharat.dodeja
      @bharat.dodeja 6 месяцев назад

      You may buy 1 year Redeemable GIC into TFSA for your down payment as short term investments.
      This applies if you have maxed out your FHSA and have contribution room available in TFSA.

    • @asfarshakeel9390
      @asfarshakeel9390 6 месяцев назад

      @@growwithnav Yes of course, we maxed 2023 and intent to do th same for 2024 FHSA. Was thinking about TFSA. Makes sense, thanks!

    • @jayantarora5934
      @jayantarora5934 6 месяцев назад

      If you are planning to buy home, then I would suggest to invest first in FHSA and RRSP as both will help in tax saving and can be used for down payment. After that you can start investing in TFSA

  • @esparda07
    @esparda07 4 месяца назад

    I like this objective discussion. It's more useful rather than just those driven by emotions.

  • @shubhiisingh
    @shubhiisingh 6 месяцев назад +1

    Very informative

  • @JakesRandomAdventures
    @JakesRandomAdventures 5 месяцев назад +5

    We just moved to the USA after acquiring Canadian citizenship ❤

    • @SuperKing604
      @SuperKing604 5 месяцев назад +2

      So u used canada have some shame!

    • @JakesRandomAdventures
      @JakesRandomAdventures 5 месяцев назад +6

      @@SuperKing604 Nope- we’ve properties and pay our taxes in addition to contributing to a ton of charities in Canada. So instead of harping your jealousy here, how about doing something for the greater good?

  • @VenkatGrayEyeMortgage
    @VenkatGrayEyeMortgage 6 месяцев назад +27

    This is such an eye opener for immigrants. Not every one can achieve financial freedom in Canada. We got to work on math what's working for us 👍

    • @growwithnav
      @growwithnav  6 месяцев назад +1

      Thank you Venkat 🙌

    • @veerchavda1502
      @veerchavda1502 6 месяцев назад

      True

    • @stephenletts4942
      @stephenletts4942 5 месяцев назад

      You talk about Canada like it's one place, you know you can fit all of Europe in Canada. We have the Pacific and we have the Atlantic. Montreal , St John's, Vancouver have nothing in common, different governments, politics, culture and languages.

    • @bhuwin6186
      @bhuwin6186 5 месяцев назад

      yeah the fact there is mortgage in your name we all know how you achived it

    • @carpediem7654
      @carpediem7654 4 месяца назад +1

      ​@@stephenletts4942 the Canadian economy is broken everywhere. Coast to coast.

  • @jagvindersingh4543
    @jagvindersingh4543 6 месяцев назад +4

    Thanks a lot Navjot, for your insightful analysis of these numbers, you never miss to hit the nail on the head! :)
    Some thoughts with retire in India plan for immigrants:
    1. Practically thinking, 30 years is really long time horizon and correct way to look at it, by that time, most of the friends and family dynamics must have changed in many ways. Plus priorities can change. Which financially and emotionally might make sense today not necessarily will make lot of sense at that time. So in case if someone is planning to Retire in India must also prepare backup plan if after 30 years they want to Retire in Canada instead it will be a game changer and can force you to go back to work in that age, which will not potentially will be not very nice situation financially. any thoughts?
    2. There will be also big expenses like children study into university(anywhere they like US/Canada/Ind) , they will not necessarily like the plan to go back and might be looking at you for some sort of financial support can become part of equation, of course not applied on everyone.
    3. Other factor is marriage, Indian marriages are mostly lavish especially if you are NRI. Of course not applied to everyone and lot of moving variables.
    if you plan to retire in India must have some investment properties back home as well as a support. As per Indian Real Estate market prices once go up I have never seen coming back like we see here fluctuations just like a share market.
    4. Health care in India can potentially be very costly.
    Disclaimer: not a financial advice, do your own due diligence.

    • @aman0591
      @aman0591 5 месяцев назад

      3. Not correct. Look into Tier 1 and 2 cities. Price’s fluctuation as per economy.
      4. Have a good health insurance or get into government hospital as per preference.

  • @yogeshpuneethvemula3180
    @yogeshpuneethvemula3180 6 месяцев назад +5

    Great video and insights but I don’t think we can contribute 1k per month to tfsa. As the limit is 7k this year.
    So it’s more approximately 500 per month.
    But ofcourse can contribute to other margin accounts and get partially taxed as mentioned In later part of the video.

    • @homemovies75
      @homemovies75 6 месяцев назад +1

      1000 if couple, he said
      500 per person is what he meant indirectly

  • @jd1521
    @jd1521 5 месяцев назад +2

    Thank you Nav. In addition to your plan on retiring in India, I would like to add 'Universal Life Policy' where we can invest our money & (partial) withdraw it without tax implication (after 20 or 30 years). Only cons with UL is most of insurance companies charging comparitively higher MER (approx 2.3 to 2.7)than vanguard or other fund house.

  • @amitabhagupta4224
    @amitabhagupta4224 6 месяцев назад +1

    Thank you for the interesting video. Do you have any plan to create some videos about tax implications for each investment if we retire in India keeping our residency in Canada? I have heard that there is a tax treaty between Canada and India and I am not sure how it works. There are some videos on youtube but mostly fpr those people who have retired in USA Costa Rica Panama etc. Thanks in advance.

    • @growwithnav
      @growwithnav  6 месяцев назад +1

      Canada is straightforward, no capital gain on primary home and TFSA - but talk to an accountant for sure :)

  • @lakeofbays1622
    @lakeofbays1622 5 месяцев назад +1

    So when are you leaving Canada? Do you have any statistics on number of people leaving Punjab every year?

  • @scorpiontarsh
    @scorpiontarsh 6 месяцев назад +5

    Everything is well prepared in the video except for TFSA contribution suggested. You can't contribute $3000 per month in TFSA account. You can contribute only 7k per year per person.

    • @JMian
      @JMian 5 месяцев назад

      He mentions that. Thats why he says its partially tax free

  • @ajcan89
    @ajcan89 5 месяцев назад +6

    We struggled a lot in last 7 years and couldn’t save anything. Finally we both have decent jobs, we are living below our means and saving so that we can move out in 3 years from now

    • @maaki3389
      @maaki3389 5 месяцев назад

      Canada is not for dumb and stupid people...........................Its like 10th class fail getting into IIT - He will not get success. Trudeau gave lot of 10th class fail immigrant admission in IIT with easy PR and then citizenship.

    • @kumarm9221
      @kumarm9221 5 дней назад

      Irony is we work more harder to leave than the amount of hardwork while coming.

  • @mayank12345able
    @mayank12345able 6 месяцев назад +1

    Great video, Can you make a video on direct me to channels which explains tax and immigration process to india.
    I have questions like do we take canada citizenship and oci and live in india or we re new our or cards. How would OCI taxation look like?

    • @growwithnav
      @growwithnav  6 месяцев назад

      None exist.
      You should talk to an accountant in India.

  • @vamsiprasanth
    @vamsiprasanth 6 месяцев назад +3

    An Informative share

  • @svub5405
    @svub5405 5 месяцев назад +1

    brilliant explanation

  • @Sai-gv6sk
    @Sai-gv6sk 5 месяцев назад +1

    Very insightful, keep up the good work….. Also, can you make an other video about your take and experience on financial investment and retirement savings ?

  • @amansidhu148
    @amansidhu148 2 месяца назад +1

    Exact analysis as me…. But you did it in details ❤

  • @kapasimamadi
    @kapasimamadi 5 месяцев назад +1

    Hi Nav,
    on that tax-free money of 3.3M, when you move this to India, how much tax or fees do you need to pay?

    • @Cool_tech.01
      @Cool_tech.01 5 месяцев назад

      You have 3.3m? All earn in canada

  • @rh7009
    @rh7009 5 месяцев назад

    Has your immigration application been rejected?

  • @palsidhu321
    @palsidhu321 6 месяцев назад +2

    Hello Nav . Good information How about if I like retired in Canada. How much I need here?

    • @growwithnav
      @growwithnav  6 месяцев назад

      Do watch my video on retirement planning

  • @elizabethkaranja570
    @elizabethkaranja570 5 месяцев назад +2

    The most informative video in the whole web❤ . So should we just forget about CA and head straight to UAE and usa?

  • @fsaldan1
    @fsaldan1 3 месяца назад

    My nephew and his wife migrated from Brazil to Canada, got citizenship, bought a house in Vancouver, and lived there for some four or five years. They recently moved to Tampa.

  • @derekturci
    @derekturci 5 месяцев назад +4

    Great video! Very clearly explained why there's such a push for immigration

    • @stephenletts4942
      @stephenletts4942 5 месяцев назад

      There is a push for Immigration because we have no birth rate and we are aging out- about 40% of Canada is over the age of 65. eventually without birthrate, there will be no workers, no one paying taxes, no money for roads and infrastructure. Just money going out- retirement- medical.

  • @mannysubramanian8393
    @mannysubramanian8393 5 месяцев назад +2

    TFSA contribution cannot be made when you live and work outside of Canada. Beware there are hefty penalties that would wipe out most of the savings. Make sure you get the complete information before deciding.

  • @dipin83
    @dipin83 5 месяцев назад

    how can you invest $3000 per month in TFSA when the contribution room is limited?

    • @growwithnav
      @growwithnav  5 месяцев назад +1

      $1000 per couple per month in TFSA, rest in RRSP or non registered… which is why I said it will only be partially tax free

  • @screwfeaar
    @screwfeaar 5 месяцев назад

    If planning to retire in India, RRSP is better option than TFSA? TFSA is tax free if you stay Canadian resident, but if you become Indian resident and withdraw money, you have to pay tax in India. That's my understanding, let me know if that's not correct

    • @growwithnav
      @growwithnav  5 месяцев назад

      Withdraw in Canada and then leave for India. I think this should work - but obviously I am not a CA or have full knowledge about Indian tax code… so will need to check with an expert.

  • @gregguest399
    @gregguest399 5 месяцев назад +1

    Thank God.

  • @kakjhal
    @kakjhal 5 месяцев назад

    Good one but there is very basic flaw in your calculations! The limit of TFSA is 7000 CAD per year per person! How can you invest 3000 per month in TFSA or even 1500 per month per person? That's not possible... (Did I miss something here ?)

  • @canadianlife92
    @canadianlife92 5 месяцев назад

    Big like for your research, All I can give you is just one like and one subscriber

  • @dorsia4167
    @dorsia4167 5 месяцев назад +1

    Same in Australia and most of Europe.

  • @siddharthsirohi3307
    @siddharthsirohi3307 5 месяцев назад

    Nice content, I think the presentation is too bright in white background when you watch on TV. Just a suggestion to use some lighter colour. Thank you.

  • @lanxlanister8721
    @lanxlanister8721 Месяц назад +1

    I have already drafted my 2 year plan to leave Canada. Once I pay off my student loan am out… I already bought a house outside Canada. Am not wasting my life in this country that don’t want to improve

  • @pragyapalit9485
    @pragyapalit9485 4 месяца назад +1

    Great video as usual but the question I ask is by 2041 when I will lean towards old age what about my support.. I end up paying almost 40-50%of my salary in tax for other retired population, but when I retire what will I get? I as a new comer struggling to get a proper healthcare and family doctor... Special doctors give appointments in months... When I grow old, do you think this will change? It's a matter of basic security. And I don't feel secure after moving here. My life was lot more secure back home in India amenity wise. Multispeciality hospital was inchaway.insurace covered almost everything..what now?

  • @oliverclothesoff4142
    @oliverclothesoff4142 5 месяцев назад +1

    Thank god 🙏🏼☕️

  • @bevaltihani3269
    @bevaltihani3269 5 месяцев назад

    4 of my freinds already left. Same thing in Montreal.

  • @jay1645
    @jay1645 6 месяцев назад +2

    Oops about to retire and was hoping the large and eager immigrant community would pay for it and keep the eco churning

  • @MrManasarora
    @MrManasarora 3 месяца назад

    What city is good in USA, for a chef

  • @sheeravtales
    @sheeravtales 6 месяцев назад +5

    Great information in the video Nav.
    The problem slide directly points to the low competition in Canada for majority of the businesses, which is the reason why there is no innovation and growth in the sector
    That translates to low productivity and high cost of living and low incomes.
    If you look at Canadas job market majority of the jobs were in public sector which is where we know productivity is very very low.
    Canada has lot of natural resources with which canada will survive but if canada does not fuel innovation and productivity this country will always have pressure from multiple ends. Canada will have to increase taxes in future. Further in near future CAD will be more cheaper as rate of interest go down. Meaning 1.7 or 1.8 cad to 1 usd ...how to plan for this change??
    I am hopping for a change in 2025 which may bring some hope with multiple policy changes.
    Otherwise my strategy for now is to have primary home in Canada and invest everything in India or USA and move whenever things are clear that Canada is not growing much

    • @growwithnav
      @growwithnav  6 месяцев назад

      I agree. But if canada is smart, they would reduce interest rates slower than US to stop their currency to depreciate. But with elections coming; they might be tempted to follow US - which will be a mistake, but as we have seen across the world politics >> economic health (Sadly)

    • @stephenletts4942
      @stephenletts4942 5 месяцев назад

      ..."Otherwise my strategy for now is to have primary home in Canada and invest everything in India or USA and move whenever things are clear that Canada is not growing much"... what does this even mean? Home in Canada - Canada is 9,984,670 km2 - 13 Provinces- Three territories - all of Europe can fit inside. Canada is not growing much? which part are you talking? it is at least five days to drive across Canada. Where I live on Vancouver Island - it is 8 hours to drive to the top of the island. One needs to learn about our geography and the many cultures and first Nations who call Canada home. Each Province has its own government, Canada is a British Parliamentary system just like England, each province also has the same type of government. the only thing common about each province is we all use the same money and if you have a Canadian passport you can move freely from province to province, but does not mean the Education you received in one Province is good in another, it is like that for everything. so using "Canada" to talk about Canada is silly. Every province is like a different Country. There is more in Common North and South then East and West. British Columbia has more in Common with Washington State then it does with Alberta let alone Ontario.

    • @everydayfun9531
      @everydayfun9531 5 месяцев назад

      If canada reduces their taxes a little then more people would be keen on moving to a country like canada and be able to develop the Canadian economy and give more jobs to Canadians in canada!

  • @BbTenn
    @BbTenn Месяц назад

    Hi Nav. I was born in Canada of British heritage. I left the country two years ago and moved to the US. I feel as though a lot of immigrants were lied to by the Canadian government to get them to move to Canada. There are no jobs, no homes, high taxes, high inflation, and very often the government doesn’t recognize foreign professional credentials. This makes it extremely difficult or impossible to work in your profession or trade.

  • @jatin1488
    @jatin1488 5 месяцев назад +2

    I also leave Canada last week

  • @maheshrathod204
    @maheshrathod204 5 месяцев назад +1

    but Canadian minister was telling to media that our economy is very well structured and there is no house crisis ???

  • @vamsiprasanth
    @vamsiprasanth 6 месяцев назад +4

    As tfsa limit is 6k per year , investing 1000$ / month is not possible.

    • @VenkatGrayEyeMortgage
      @VenkatGrayEyeMortgage 6 месяцев назад +2

      He was saying $500 per person. As a couple it is $1000.

    • @vamsiprasanth
      @vamsiprasanth 6 месяцев назад

      Thnx ​@@VenkatGrayEyeMortgage. I missed that

    • @growwithnav
      @growwithnav  6 месяцев назад +1

      You can also invest in other registered accounts if you are high income to save on tax 🙌
      TFSA limit for 2024 is $7000

  • @msingh683
    @msingh683 6 месяцев назад +5

    😂😂 Was planning to come to Canada. Now planning directly to Dubai

    • @mntzar3137
      @mntzar3137 3 месяца назад

      good idea, stay away from Canada

  • @anishagulati7836
    @anishagulati7836 6 месяцев назад +1

    Great video. Do you recommend having investment property in Canada while in India? If it breaks even at the current market

    • @7966016
      @7966016 6 месяцев назад

      Unless you want to lose money?

    • @nimbledoorco
      @nimbledoorco 5 месяцев назад

      You will have no return on your investment for a VERY long time. Houses can't just keep going up. Rate of return on rent assuming you buy a property with CASH is 3% on average.

  • @MIKU-os2hp
    @MIKU-os2hp 5 месяцев назад

    Good 👍 more peace and tranquility

  • @robertcaparelli3535
    @robertcaparelli3535 5 месяцев назад +1

    Don't let the screen door hit you on the way out

  • @shivamtyagi6367
    @shivamtyagi6367 6 месяцев назад +1

    Can you please make a video and add one more comparison with investing in India rather than in Canada. Thanks

  • @TradingwithAfzal
    @TradingwithAfzal 6 месяцев назад +1

    Hey Navjot. I live in London, Ontario and planning to buy a home here. My budget is $550,000 .. is it a good time to buy given that the interest rates are going down ? What are your thoughts on London market ? Thanks

    • @growwithnav
      @growwithnav  6 месяцев назад

      I like the market. But please book a call from the description because it’s hard to advise on chat without fully understanding your situation.

    • @inderjitdhillon7993
      @inderjitdhillon7993 6 месяцев назад +1

      Don't believe navjot 500k is only a down deposit to buy a home lol triple that in order to buy a home 🤣

    • @rackin9594
      @rackin9594 5 месяцев назад

      Do you need help finding a home? I can help. A lot of Canadians are also moving to Belize. Please research the markets before doing so or buying any property. However, if you have money to spree by all means go right ahead.

  • @SR-mv2mf
    @SR-mv2mf 4 месяца назад

    If Canadians are leaving then the housing crisis should be stabilized right?, as more houses are available for those who want it???

  • @rahulduggal1709
    @rahulduggal1709 2 месяца назад

    Very objective and comprehensive dissection of facts on the ground 👍.
    Thanks for all the granular analysis, gives a pretty clear picture of Canada for immigration.

  • @ArjunaAbeysingha
    @ArjunaAbeysingha 5 месяцев назад

    Thank you. It is very difficult to find english medium channels on this.

  • @veerchavda1502
    @veerchavda1502 6 месяцев назад +7

    • @growwithnav
      @growwithnav  6 месяцев назад +2

      💯 great plan

    • @canadianindian1918
      @canadianindian1918 6 месяцев назад +2

      I have done same thing. I came to Canada in 2011, and instead of buying in Canada, I have a fully paid very nice 3BHK (in the range of 1.5cr) fully paid off. Just this year, I have enough saved on top of this which can generate Rs 1 lakh passive income / month. I am just 35. I can quit my corporate job, work remotely from India, may be take more risk and may be one day will buy a good detach -lake ontario facing hosue.

    • @veerchavda1502
      @veerchavda1502 6 месяцев назад

      @@canadianindian1918 Wonderful

    • @sheeravtales
      @sheeravtales 6 месяцев назад +1

      That's a solid plan and on the same lines I am going to buy primary home in Canada soon and I have some properties in India and will keep investing in India.
      Based on how things go in Canada who knows we may see better Canada and start investing in Canada as well

    • @veerchavda1502
      @veerchavda1502 6 месяцев назад

      @sheeravtales Yeah. Just on safer side we should continue to invest little bit in India

  • @vivekrajput1922
    @vivekrajput1922 5 месяцев назад +4

    bro but it will be alright in some time. Because canada is also improving their policies . it happens to every country . but It will be alright right . thanks man for making videos and getting us informed .!! om namah shivay !!

  • @mntzar3137
    @mntzar3137 3 месяца назад

    What you are not aware of is that there's a yearly investment limit to TFSA, you can NOT invest more than $7000 a year as of 2024.

  • @MithileshJha-tn3ks
    @MithileshJha-tn3ks 5 месяцев назад

    Very nice

  • @parthpasrija3640
    @parthpasrija3640 6 месяцев назад +2

    I'd like you to also tell the quality of immigrants coming to canada, what kind and type of economic add on these immigrants are contributing. Are these immigrants coming here with rare ideas in thier mind ? Or they just have a dream of driving a truck or do some kind of theft or scam ....

    • @stephenletts4942
      @stephenletts4942 5 месяцев назад

      Remember each province has its own jurisdiction.

  • @parshavjain9177
    @parshavjain9177 6 месяцев назад

    Hey, what happened to potato talkies channel?

  • @TheRaimaxr
    @TheRaimaxr 5 месяцев назад +1

    Not Buying a Primary House and renting for 30 years no matter where you retire is brain freeze. Renting will max out your savings even with avg inflation rate even though game has changed a lot after covid.

  • @johy2007
    @johy2007 5 месяцев назад

    Finally found someone who states opinions based on facts.

  • @mannysubramanian8393
    @mannysubramanian8393 5 месяцев назад

    Doesnt TFSA has contribution limit? This video shows 1 million?

    • @growwithnav
      @growwithnav  5 месяцев назад

      The limit is $7000 per year per person.
      $1M is including compounded returns across 30 years.

    • @mannysubramanian8393
      @mannysubramanian8393 5 месяцев назад

      7000 x 30 = $210, 000. Interest rate of 6 percent in Canada? Seems high.

  • @kerrieannebaker8595
    @kerrieannebaker8595 5 месяцев назад

    to retire in a cheaper country?

  • @photophilic_spook
    @photophilic_spook 6 месяцев назад +3

    This calculation is mind-boggling, completely shifted the persona around reverse immigration. 20cr in just fixed deposits can give 11.5 lac monthly just by keeping money in the bank.

    • @growwithnav
      @growwithnav  6 месяцев назад

      🙌💯

    • @Zim-B00B-C
      @Zim-B00B-C 5 месяцев назад

      Do you think the value of dollar will remain the same as it is today?and TFR of India is also on steep decline it's already below Replacement level , Elderly population will increase upto 25% before 2050

  • @mihir40
    @mihir40 6 месяцев назад +4

    Great analysis Navjot as always, however, I am very bullish on Indian economy and strongly believe that down the line, the dollar value will not be the same. Therefore, if the plan is to retire in India, some of the Investment must go to India in stocks, bonds or real estate :)

    • @jay1645
      @jay1645 6 месяцев назад +2

      india stock mkt. got me 22% returns in '23 .. impressive

    • @growwithnav
      @growwithnav  6 месяцев назад +1

      Agree 💯

    • @screwfeaar
      @screwfeaar 5 месяцев назад

      How you invest in Indian stock market? Using ETF listed in TSX or by transferring money to India and using Indian trading account?

    • @mihir40
      @mihir40 5 месяцев назад

      @@screwfeaar Unfortunately haven't started yet, exploring options. Have recently started in TSX. But the best way to invest in India is SIP or direct equities from NRI or NRO account.

    • @screwfeaar
      @screwfeaar 5 месяцев назад

      @@mihir40 Got it.

  • @borntolive833
    @borntolive833 4 месяца назад +1

    your entire maths goes for a toss if we consider whats going to happen in another few years when the dollar value is expected to go for a toss against currencies like INR etc

    • @mntzar3137
      @mntzar3137 3 месяца назад

      What he is not telling you is that there's a yearly contribution limit to TFSA, that is you can NOT invest more than $7000 a year as of 2024. So you can not contribute $1000 every month like he is saying! very misleading

  • @sumeet5133
    @sumeet5133 4 месяца назад +2

    you should also come perminently to india.

  • @fasteddy-fd3kr
    @fasteddy-fd3kr 6 месяцев назад +2

    Not enough. Need a lot more to go back!

  • @dragonball304
    @dragonball304 5 месяцев назад

    I think we need to have a relook at your perspective.
    Economic immigration to Canada is just about 200k every year. So we need to see what kind of immigrants are leaving Canada. The impact could be really high as most there is no or less increase in the younger/tax paying Canadians.

  • @sid6849
    @sid6849 5 месяцев назад +2

    People leaving is a red alert however moreover people losing their ability to buy houses with lending standards only going to get strict

    • @lakeofbays1622
      @lakeofbays1622 5 месяцев назад

      The leaving business is bit of an exaggeration. Most with PR get back in couple of years. Those without PR cannot get back.

    • @sid6849
      @sid6849 5 месяцев назад

      @@lakeofbays1622 what's the number of non-pr leaving? The fact is non-pr used to slog for years and get PR status, this charm is slowly fading away. Societies are built with people settling down and buying houses and so on... people come and people go does nothing for long term prosperity

    • @lakeofbays1622
      @lakeofbays1622 5 месяцев назад

      @@sid6849 June ending 2022 as far as what I read from Government statistics approximately 33500 people left Canada. Approximately 1 million people came in. This does not look like Canada is losing population. Actually by end of 2023 Canadian population is going to exceed 40.5 million. Then you can report statistics the way you want. Figures don't lie. However liars figure.

    • @lakeofbays1622
      @lakeofbays1622 5 месяцев назад

      @@sid6849 "Canada's population was estimated at 40,528,396 on October 1, 2023, an increase of 430,635 people (+1.1%) from July 1. This was the highest population growth rate in any quarter since the second quarter of 1957 (+1.2%), when Canada's population grew by 198,000 people. At the time, Canada's population was 16.7 million people, and this rapid population growth resulted from the high number of births during the post-war baby boom and high immigration of refugees following the Hungarian Revolution in 1956."
      So don't believe all the garbage coming out in youtube.

  • @Dalalstreettrader15
    @Dalalstreettrader15 6 месяцев назад

    What about inflation, that will erode TFSA, purchasing power will not be like that. Get yourself to analyse company and economic analyses to deploy in the nation that will have great equity companies.