Should an H1B Visa Holder with I-140 Approved and Sole Breadwinner Leave His USD 150K Salary for a CAD 95K Position in Canada?
Deciding whether to leave an H1B visa position in the U.S. for a job in Canada involves weighing several factors. Here are some aspects to consider:
Financial Considerations
Salary Comparison
USD 150K is approximately CAD 204K using an exchange rate of about 1 USD 1.36 CAD. This suggests a significant difference in salary. However, CAD 95K is lower than the equivalent USD salary, so consider the impact on your family's financial situation.
Cost of Living
Research the cost of living in the area in Canada where you plan to move. Factors like housing, transportation, healthcare, and taxes can significantly affect your net income and lifestyle.
Benefits
Compare benefits such as healthcare, retirement contributions, and any bonuses or stock options that might come with the U.S. job.
Career Considerations
Job Security and Growth
Evaluate the job stability and growth prospects in the Canadian position. Is there potential for salary increases, promotions, or professional development?
Industry Demand
Consider the demand for your skills in Canada. Research the job market in your field to ensure there are opportunities for advancement.
Immigration and Long-term Plans
Permanent Residency (PR)
Canada has a relatively streamlined path to PR for skilled workers. If obtaining PR is a priority, moving to Canada may offer that opportunity, especially if you can secure a job that qualifies for PR.
Family Considerations
Adaptation and Quality of Life
Consider how the move will affect your family, including their adaptation to a new country, education opportunities for children, and overall quality of life.
Quality of Life
Work-Life Balance
Canada is often praised for its work-life balance and quality of life. Consider how important these factors are for your family's happiness and well-being.
Cultural and Social Factors
Adaptability to a New Environment
Reflect on your family's adaptability to a new culture and environment. Canada is known for its diversity and inclusiveness, which may ease the transition.
Conclusion
The ultimate decision should be based on a balance between financial stability, career growth, immigration goals, and quality of life. If you value the potential for PR and a better work-life balance and are willing to accept a lower salary initially, moving to Canada could be a worthwhile decision. However, if financial security is your primary concern, it may be beneficial to stay in the U.S. until you can secure a better opportunity in Canada that meets your financial needs.