Wages are so ridiculously low in Toronto vs. the high costs of living. I was making abysmal amount 20+ years ago just as most of these interviewees in 2023, meaning salaries have fallen far behind inflation. I moved to the US for much better pay and opportunity. Best decision ever!
Their wages are low because most of them have been at the same company and keep getting promotions with minimal raises. If they switch jobs every 2-3 years, they would be much better off.
@@asadb1990 I don’t necessarily agree with your POV on switching jobs every 2-3 short years for salary increase. It reflects poorly on your portfolio as employers see you as an opportunist and/ or inept.
At least around 60% of your income goes to housing and taxes. The guy is making $110K. Now take out 30% for taxes which leaves you with $77K on hand. You are lucky and got 2 bedrooms for $2700. That leaves you with $45K. Basic math $110K-$45K=$65K, so $65K/$110K=59%. Now take out another $2K monthly for other expenses like groceries, insurance, phone, etc. You are left only with $6K or $500 dollar/month. In other words in Toronto by making $110K you still live paycheque to paycheque. Government should reduce taxes or make housing affordable for people. You can't eat and have cake at the same time. You can't tax people to death and make real estate unaffordable at the same time. If you can't provide affordable housing then reduce your taxes plain simple.
Here's the tough part. Which parts of the population make that much? Mostly people from already upper middle class or wealthy families or very experienced skilled immigrants. Someone who just moved their family to Canada or someone who's a local that grew up poor (me!) will hit $110k and have a lot different expenses than someone who was born upper middle class. Something as simple as not having a parent to be added to their car insurance really sets you back. Someone making $70'00 who's not stressed out and living in a condo their parents own is far financially better off than an immigrant or someone who grew up poor making $100k. It's just not worth it.
if you convert it yes we're paid less but the buying power and cost of living is comparable to America. Was surprised in my recent trip to Boston how many grocery items were numerically the same as in Canada. Example, saw a drink where it was $5 USD, but is $5CDN here. So you only really benefit if you're paid in USD and live in Canada
She is a junior doctor or in training. Her salary will change to like $250k once here residency is completed or even more if she goes out of province. If would be great to see if she says the same then.
Рік тому+13
@@sizzlacalunji She clearly knows this fully already and it's taken into account into her answer... She wasn't complaining about the salarial perspectives, but mostly about how the health system works in Canada.
@that’s the thing, she never actually gave a reason why. Any reason given by us why she said so is speculation. I am simply questioning when she is full salary would she say the same? She should have given reason vs repeating do don’t do it, find something else.
I do not blame the resident doctor. It is a stressful job especially at the moment and the situation of our healthcare system here in Canada. People waiting for 12 hours just to be seen by a doctor is kinda heartbreaking
@@jimmyzhao2673 It is!!! That pay is absolutely ridiculous for the long hours and the hard work that she does. Canada needs to do better. We should cut back the political salaries and increase our healthcare workers salaries. Put the money where the priority is!
@@jimmyzhao2673Better wages start when residency is over, and depends on specialty. It's also not that much and so many doctors start with crippling debt they struggle to pay off.
GREAT VIDEO, The truth is that everybody wants to be financially independent and live a better life. With savvy investing, an inexpensive lifestyle, and diligent budgeting, this is not difficult to do. I'm glad I realized early on that achieving financial freedom requires hard work.
Investment is a fabulous way to save money for the future as well as a way to generate passive income. Those who make poor mistakes early in life regret them later in life. But, if done alone, investing may be challenging and risky. For this reason, I suggest consulting experts for advice (financial advisors). The difficulty lies in effectively employing it, not just watching videos and reading investing books.
@@Blitcliffe Sincerely, I'm moved by what you said. I have a sizable amount of money that I am willing to invest if given the appropriate knowledge and I am highly interested in investing. My greatest concern is losing money on a bad investment. I'm open to hearing your advice on how to make sensible investments as a result.
@@jose2212- Sure, my advisor is Mariam Sandra Milner. In terms of portfolio diversity, she's a genius. You can look her name up on the internet and verify her yourself. She has years of financial market experience plus she is also FINRA & SEC verifiable.
A resident doctor is a junior or training doctor just out of Med School, yes salaries are low but they go up to 250K+ a year after that, much more if you take a position in a remote northern community too
And it’s going to get worse with the way federal Liberals are importing far too many people which drives up demand for housing and suppresses wages further. Don’t vote for Liberals next election if you ever want to buy a home or see an increase in your wages.
Its bartenders like these that make faces at you when you leave a 10% tip instead of a 25% as per their expectation. Never tip more than 10% because thats how you get doctors at 60k and bartenders at 80 to 100k
What an unhinged comment. Telling people to never tip more than 10% because " that's how you get doctors at 60k and bartenders at 80 to 100k", incredibly foolish and negative.
I cannot believe how low the salaries are in Toronto! How do they live there with such high housing costs? One thing I know for sure; the trades are where the money is to be made. Millwright, electricians and plumbers all make in excess of $100-150,000/year depending on situations ie workplace. If independent, they can add tens of thousands more. There is a massive shortage of skilled trades. People shouldn't be afraid to get their hands dirty, it's worth it!
I'm an electrician and people in the video treat you like a moron, bottom feeder. Even though everyone knows we make more money. Sometimes the positions are very hard on the morale. Like if you are working closely with clients, they will often say degrading things to you. Especially women do that. Anyway, money isn't everything. I went into the trades for money and freedom but I would rather make less and work in a job that I actually like. Although...I don't live in Toronto and paid off my house so I don't NEED to make so much anymore.
A majority of people in Toronto use 50% of their income on shelter. That should be a HUGE warning sigh to Trudeau & Co if they don't want Canada to become a poor country soon. But they all heads in the sand.
Only a few employers are willing to sponsor new comers to work in trades. I have friends who had worked for over half year as a plumber helper but still not being sponsored to be a plumbing apprentice
Sure you can also be a general laborer with no experience and flag traffic all day for $50 an hour and double if you work on weekends or overtime. Oh and have you checked out mining jobs? They pay almost $200 an hour just so you can be in the middle of nowhere. Your point?
@@tbayhell2304 My only point was that Costco is a good company to work for and that I’m grateful that I’m able to make a decent wage doing a job that wouldn’t pay that much otherwise.
@@tbayhell2304 why do you get such a hard on from a post that wasn’t even intended to come across as obnoxious? are you that mad about your 20 an hour job?
@@daddymatt225 My GF's brother and co-worker's BF both work at Costco, both make good money, and really like working there. It seems like a great chain to work for.
New study came out that in Toronto you need to make 83,000 CDN a year to afford to live in a 2 bedroom apartment and have a normal comfortable life style. So none of these people are getting rich in Toronto just keeping their heads above water but having no extra savings for retirement In no way are any of these people going to afford a 2500 square foot home with a car in the garage and going on trips that was once considered middle class before
To be comfortable you need at least $150k household income. My gf and I are like $110k-$120k combined and by time you have a 1br apartment plus 1 car things are already tight.
I was making $80K fifteen years ago as a mere taxi owner. And that was in a relatively small university town. Now all these years later and with inflation making things so much more expensive a lot of these people are still making the same to less than that in Toronto (where real estate and rent is so much more expensive). It's tough out there.
@@enzoman1987 Keep drinking the KoolAid bud. If the job is worth a damn, the employer pays for it. Meanwhile almost everything is cheaper, taxes are generally lower and salaries are much higher in the US.
@@enzoman1987 health insurance is no big deal in US if you are in tech, have master's or PhD and a stable job, it's easily manageable. I had 4 surgeries in US, total amount I paid was 1400 USD. For every doctor visit, I never paid more than 150 USD. For X-ray and CT-scan, less than 200 USD. In Canada, it takes someone months to find an appointment for these things. Also, it's not free in Canada but part of high taxes. From last 2 years , I paid close to 120,000 CAD in taxes in Canada and still don't have a family doctor despite fighting so hard for one. In May, I was visiting US just to meet family and had abdominal pain. Went to a walk in clinic, they asked stuff, took X-ray and gave me prescription and I walked out of clinic in less than 1.5 hours. I had visitor insurance and paid 200 USD. I would pay that rather than spending 10 to 15 hours in ER in pain. If you don't have any advanced degree, work on side hustles like food delivery or cab driver, then yes you can be screwed in US. In that case, Canada might be a better option.
So common people are at the poverty line due to stagnant wages and unbridled government money printing. The spirit of Canadians is the real story of this piece.
Wow. Like everyone else I'm not sure how they survive. I'm in the trucking industry making just shy of 100 k. If I was doing highway haul trucking I would be well over 100 k. Many trades are over 50$/hour. Physical labour jobs might be where its at
When the investment banker guy said 6 figures, like what does that mean? Is it $100K, $500K or $950K. I hate when people say 6 figures, because it's such a wide range.
Considering he's an investment banker for VANGUARD, one of the biggest investment management companies with a market cap in the region of 20 Trillion $$$, I would assume he makes a salary in the upper range of six figures.
Which is proof that the standard model (get good grades, go to university, work your way up from the bottom), is the least efficient and effective way of succeeding. Yet, y'all believe it's the best way.
@TheZooBrooksAB Success does not equate with making lots of money. However, what the school fails to teach is the sweet balance of finding the job that you love, that you are good at, what the world needs, and what you can be paid for. Most worlds are heading in the direction thing that is valuable in life is money and material wealth with less regard for others (humans, animals and the life that supports ecosystem).
@@e75short14 your pie-in-the-sky outlook is fine, but I'm pretty sure that most people find making at least better than average amount of money (and probably a lot more than average) is a good indicator of success. If you have the wealth that you seek, it makes all the other things you described easier to achieve. If you don't have the wealth, those things you describe become much more difficult to achieve. I don't know too many burger king employees finding life satisfaction, actually most jobs are like that.
This is unbelievable how low their incomes are. These are Canadian Dollar figures, mind you! Not US Dollars. I live in Israel and people are being paid much better, here. It wasn't very good here about 20 years ago and many of my childhood friends then, their parents migrated with them to Canada. These days, many of them are actually moving back.
Get a trade. I only have 4 years construction experience and am now a site supervisor making $105,000 salary + benefits and company vehicle. TRADES ARE THE FUTURE PPL
I work in construction bringing about 70 - 100k a year. I was born in Toronto raised in Toronto literally building Toronto and I still barely scrape by in Toronto. I make enough to go away once a year and have money for retirement thanks to my union pension but man theres days where I feel like moving to another country.
Most of these incomes are basically impossible to actually live your life on in Toronto... and we wonder why everyone complains about the cost of living...
I just have to say that I'm having an absolute blast reading the comments pertaining to physician compensation in Ontario. I'll add my 2 cents to this video. I work for the Ministry of Health. I make ~60k/year with 8 years experience. My job involves reviewing/accessing billing information for all physicians in Ontario.
@@TGIMthere is no crash coming with low inventory supply and super high demand 500k immigrants that Trudeau is bringing into Canada annually. Stop with the nonsense.
Yes it’s possible!! Think outside the box!! My parents make no where close to 100K each and they can buy a 2M home. They bought their homes in 2004. Anyone who had a home pre 2000 can buy a 2M home with the equity they have accumulated.
@tennikasamuels LOL oh yes I forgot it's just us losers who were born after 1990 who can't buy a house. We don't have 400% equity appreciation - what losers.
So weird that a resident doctor makes 60k but the avg registered nurse makes aroudn 70k. Even an RPN can get 60k... Resident doctor is still in training right? Is that why?
I am assuming the wages are in Canadian Dollar. Are the wages in the video gross or net ? Because if it’s gross then damn Canada has very low wages man !!
This is a resident (not fully trained physician). An average general surgeon or OBGYN makes 10x the amount she mentioned. Physicians in Ontario are well compensated.
Lmao I totally know how it feels for Nikita (resident doctor). I’m in the health field and doctors are sick and tired of the government cutting budgets and coming up with different policies for health care providers. A lot of work and effort treating patients and the pay is not that great in Ontario. Plus sometimes you deal with crazy patients too and you’re bound by the rules/policies and the college of physicians and surgeons believe in the patient first so you gotta be careful in how you interact with patients, otherwise they’ll file a complaint against you and you’ll be dealing with headaches and law suits. 😅
You're DEAD LYING HERE, you should GRATEFUL for the public system lazy irresponsible doctor's here are protected to max, they investigate themselves. There is complaints serious issues misconduct but doctors are untouchable here thanks government. What you're saying is complete lie. Everyone now system is broken but doctors are huge problem much much worse than police issue
Im a college dropout, foreman ironworker and i make more than everyone in this video. Im good with my hands and i love my job. Thats really all you need to be making 120k+
This story is really about so much more than salary or wages. The only people interviewed were the upper echelons. Try going to a rural area and interview the average worker. Check Stats Canada, the median average income is a lot lower than anything quoted here; median average is where the earners can be divided in two groups 50% above it and 50% below it. Inflation has had a big affect, and the costs of living are highly variable. Couch surfing, living in conditions far below standard, garbage pickup is a great thing to have, so is running water.
@@shellderp Basically my point is that it depends on point of view. All the same, check out median average income, you'll see what I mean; most people I know don't even hit median, I never have. You have a higher standard of living in places like Toronto and there are services there that aren't provided elsewhere as well, those things cost money.
Starting Physician resident salary in Ontario that is on the low end seems to be 70K and median salary 234K. Top over 400K . How is she earning 60K after 3 years? There is a shortage of Doctors in Canada and Ontario.
60000 means still poor , she get 40000 after Tex. just calculate in month 1500 roomrent +1000 grocery+500( clothing ,phone internet, wifi, )so in total 3000 in month . 3000*12= 36000 . So she had left only 4000 in her pocket for her future ,no party, no enjoyment ,
I am poor and disabled and live on $950 a month. I am now so depressed after watching this. To me, $60k a year is a fortune and then i look at the comments and everyone is saying how shitty these wages are. In comparison I suck.
Problem is that 60k turns into 35k after taxes, but people still try and live like they got the full 60, I grew up poor and thought when I hit 60k I was wealthy so I spent like I was, it caught up with me quickly unfortunately lol
@raze5346 well in toronto that will never get you into a house because you wont be able to save much. Maybe you can get lucky if you have a family of workers all pool money to maybe put enough down to qualify but then you won't have much extra space.
@raze5346 this pay is dependent on level and experience. What i find is many people don't change jobs quickly specially the ones for whome is their first professional job in canada. And the employer loves these people as they are too desparate for the job and don't know the law and hence won't complain as much plus work long hours. The modern locals aren't as complacent. They know companies are disloyal and they only care about the top dollar pay.
Someone liked it thanks, i just asked as I am living in Calgary now and unemployed but worked previously in manufacturing as a machine operator but hard to get into maintenance side, so just asked if someone is looking for a shop helper, comment I would be willing to help. I can provide references as well. Once I got an opportunity for a shop labor for industrial electrician, I was selected but then I don't have the car so they picked someone else, they said I can't commute, I said I would do but they didn't agree.
Just remember this: 1. Your total income isn't your base salary 2. Your company benefits are based on your base salary, not your total income. 3. Negotiate with the above in mind.
100,000 CAD is a joke in Toronto. I am getting much more than amount in Ottawa and even I feel my purchasing power is ridiculously low. I studied and lived in US, and don't understand why people in tech don't move to US. If you are not from a immigration backlogged country like me, you can get green card in 2 to 3 years. Why work on 120,000 CAD or so in Canada? When you can earn 150,000 to 200,000 USD in Dallas or Raleigh NC where a 4 BHK independent house is 700,000 USD or less. Not to mention Dallas and Raleigh have much better weather than Toronto or whole Canada and are very safe. I was paying 45 USD in car insurance in US and despite US experience, I am paying 180 CAD (137 USD) in car insurance here for an average car.
Unfortunately we’re taxed 50% in Quebec so $120,000 is only $60,000 take home which easily gets spent fast on mortgage, more taxes like school tax, home repair, car payments, then poof, it’s gone!
Yeah, I make 70k in Quebec and I do just fine, but I have no car, no kids, no house. With the same income I could have afforded all of the above in China. It is true that things are crazy expensive here, it all comes down to choice. I still prefer to live in Canada than permanently move elsewhere, and I've done my share of living abroad. It's not always worth it, even for the money.
@@gianellab.4953 unfortunately it’s hard to save for retirement at 70k per year and government taking 40% or whatever your tax bracket is. It’s going to be a rude awakening working until the age of 70 and getting a measly $700/month pension. I love living here, it’s safe, and beautiful, but I don’t agree with the Quebec cultural thing where they enjoying paying taxes for their belle province
@@HotSauceStain It's not really that hard. I put aside 4-5k a year. Single professionals who can't save with a 70k income should reconsider their expenses 😂 I do think the government carelessly spends tax money and doesn't have enough regulations (eg. rent and mortgage control) though. My experience just taught me here is the lesser evil. I've lived in the UK, in Spain, in China, in Panama. I just think on the whole it's better here. Life is not always about the money.
The bartender's salary is after tax equivalent, whereas all those 9-5ers salary are pre tax. So, that bartender probably makes $140K pre tax equivalent.
Difference is all the people working 9-5s have full benefits and are working towards a pension. Hm are bartenders hourly pension rate? I’ll tell ya it’s $0 an hour.
Bartender’s answer is extremely misleading. Firstly, no benefits Secondly, no pension. Third, of his 80-100k probably 50% of that is cash. So although it sounds great, try navigating the financial aspects of life on a $40k year income. When you apply for a loan, mortgage, LOC, credit card etc you won’t get fat with an annual income of 40k. I’m a skilled tradesman. I earn $150-$180 k year, full benefits and just over $9 to my pension for every hour I work. Generally around $25k-$30k a year goes into my pension on top of my income and benefits. People think construction workers and skilled tradesmen are peasants, yet I earn more than every person in this video who went through years of college/university. It can be cut throat but if you’re good you can do very well for yourself.
I was going to say the same thing, everybody in the comments saying “oh I’ll be a bartender then” LOL what they don’t realize is that job has no benefits and no pension. I’m a 3rd year millwright apprentice, 24 years old & I made more then everybody in this video.
The guy said he is 'financially free' from making 60-80k per year LOL... WTF!!!! I PAY OVER 6 figures in TAXES alone and I've been doing that for OVER 10 years (14 years in my industry) and Im not financially free at all. Sure, owned a cpl properties and exotic cars, but that guy is wilddddd for being free @ 60/80k
In Alberta my salary is really low but I am never complaining after watching what people in Toronto make.....especially with the cost of everything else.
Don’t t matter what kind of job you have if you spend everything you make and don’t save and invest u won’t be able to buy anything.yes rent is high in Toronto because lots of people want to live in Toronto . Maybe don’t live in tronto find some wee more affordable. Most people that houses are worth 2 million in Brampton simple they bought a house when prices weren’t so high then houses prices went up like crazy. And they sold there homes took out a bigger mortgage and bought a bigger house when interest rates were low. Know with interest rates so high I need to leave Toronto go to a more affordable place
@@basilbyfield5913if they are in Toronto isn’t it reasonable to assume they live there? Besides even if they are commuting the GTA and most surrounding areas are as expensive as Toronto
Fun fact: Not a single person in this video can probably afford to buy a house in Toronto with their level of income alone!
Truth !
@@user-de1uy4mq3y All facts!
@@user-de1uy4mq3yI make 300k in Vancouver, can't get anything reasonable within 1hr drive of Vancouver
thats what I was seeing, damn.
I make 120k and can't afford Toronto so I moved 1 hour north.
Wages are so ridiculously low in Toronto vs. the high costs of living. I was making abysmal amount 20+ years ago just as most of these interviewees in 2023, meaning salaries have fallen far behind inflation. I moved to the US for much better pay and opportunity. Best decision ever!
Their wages are low because most of them have been at the same company and keep getting promotions with minimal raises. If they switch jobs every 2-3 years, they would be much better off.
wait. Where in the US?
@trainerzard7 most of the big cities in usa are always hiring. But the trick is to find an employer that is in a relatively low cost of living city.
@@asadb1990 I don’t necessarily agree with your POV on switching jobs every 2-3 short years for salary increase. It reflects poorly on your portfolio as employers see you as an opportunist and/ or inept.
@@trainerzard7 California.
At least around 60% of your income goes to housing and taxes. The guy is making $110K. Now take out 30% for taxes which leaves you with $77K on hand. You are lucky and got 2 bedrooms for $2700. That leaves you with $45K. Basic math $110K-$45K=$65K, so $65K/$110K=59%. Now take out another $2K monthly for other expenses like groceries, insurance, phone, etc. You are left only with $6K or $500 dollar/month. In other words in Toronto by making $110K you still live paycheque to paycheque. Government should reduce taxes or make housing affordable for people. You can't eat and have cake at the same time. You can't tax people to death and make real estate unaffordable at the same time. If you can't provide affordable housing then reduce your taxes plain simple.
Here's the tough part. Which parts of the population make that much? Mostly people from already upper middle class or wealthy families or very experienced skilled immigrants. Someone who just moved their family to Canada or someone who's a local that grew up poor (me!) will hit $110k and have a lot different expenses than someone who was born upper middle class. Something as simple as not having a parent to be added to their car insurance really sets you back. Someone making $70'00 who's not stressed out and living in a condo their parents own is far financially better off than an immigrant or someone who grew up poor making $100k. It's just not worth it.
60k Canadian is 45k in USD, those salaries are pretty low compared to the States!
if you convert it yes we're paid less but the buying power and cost of living is comparable to America. Was surprised in my recent trip to Boston how many grocery items were numerically the same as in Canada. Example, saw a drink where it was $5 USD, but is $5CDN here. So you only really benefit if you're paid in USD and live in Canada
@@EK6O3Oyou left out the 30-40% tax Canadians pay on their income that Americans don't have to deal with.
@@vhateverlie we got our high taxes but the US has its own ways to drain money from its citizens
@@EK6O3Onaw the average American household has 17k more annually in purchasing power when adjusted for cost of living.
@@vhateverlie people living in some states in the US pay more tax than Canadians actually (i.e California, Hawaii, New Jersey, Oregon, and Minnesota)
The fact that the doctor says don't be a doctor is quite sad and they say our healthcare is so great!
She is a junior doctor or in training. Her salary will change to like $250k once here residency is completed or even more if she goes out of province. If would be great to see if she says the same then.
@@sizzlacalunji She clearly knows this fully already and it's taken into account into her answer... She wasn't complaining about the salarial perspectives, but mostly about how the health system works in Canada.
@that’s the thing, she never actually gave a reason why. Any reason given by us why she said so is speculation.
I am simply questioning when she is full salary would she say the same?
She should have given reason vs repeating do don’t do it, find something else.
Na Junior doctor is crap. She won’t say that when she become a senior
@@sizzlacalunjiwant to have less competition
all sales guys are literally the exact same person i swear
Was gonna say the same thing, dress similar, similar character and attitude.. but often lacking in real substance!
It's called sociopathy 😅
Agreed. I think it's the type of personality that attracts them to sales.
They’re NPC’s
Clones
I do not blame the resident doctor. It is a stressful job especially at the moment and the situation of our healthcare system here in Canada. People waiting for 12 hours just to be seen by a doctor is kinda heartbreaking
How long as a resident doctor before she starts making decent money ? $60K is *way too low*
@@jimmyzhao2673 It is!!! That pay is absolutely ridiculous for the long hours and the hard work that she does. Canada needs to do better. We should cut back the political salaries and increase our healthcare workers salaries. Put the money where the priority is!
@@jimmyzhao2673Better wages start when residency is over, and depends on specialty. It's also not that much and so many doctors start with crippling debt they struggle to pay off.
Bartender makes 80-100k, yeah sure bud.
Looks like she is a crack head doctor and her office is under the bridge LMAO
GREAT VIDEO, The truth is that everybody wants to be financially independent and live a better life. With savvy investing, an inexpensive lifestyle, and diligent budgeting, this is not difficult to do. I'm glad I realized early on that achieving financial freedom requires hard work.
Investment is a fabulous way to save money for the future as well as a way to generate passive income. Those who make poor mistakes early in life regret them later in life. But, if done alone, investing may be challenging and risky. For this reason, I suggest consulting experts for advice (financial advisors). The difficulty lies in effectively employing it, not just watching videos and reading investing books.
@@Blitcliffe Sincerely, I'm moved by what you said. I have a sizable amount of money that I am willing to invest if given the appropriate knowledge and I am highly interested in investing. My greatest concern is losing money on a bad investment. I'm open to hearing your advice on how to make sensible investments as a result.
@@Blitcliffe Please let me know how to contact your financial planner.
@@jose2212- Sure, my advisor is Mariam Sandra Milner. In terms of portfolio diversity, she's a genius. You can look her name up on the internet and verify her yourself. She has years of financial market experience plus she is also FINRA & SEC verifiable.
A resident doctor is a junior or training doctor just out of Med School, yes salaries are low but they go up to 250K+ a year after that, much more if you take a position in a remote northern community too
In which field are you?
The stress can be seen on her.
Compared to how much we pay for housing, our salaries are shit.
Yup
And it’s going to get worse with the way federal Liberals are importing far too many people which drives up demand for housing and suppresses wages further. Don’t vote for Liberals next election if you ever want to buy a home or see an increase in your wages.
Its bartenders like these that make faces at you when you leave a 10% tip instead of a 25% as per their expectation. Never tip more than 10% because thats how you get doctors at 60k and bartenders at 80 to 100k
And remember not to tip on tax!
Tipping is morally wrong! I don't understand why it's the consumer who has to pay the employees of private for profit businesses
the doctor is a resident, meaning she is still in training. They make a lot less as residents.
Well said. Fucking bartenders with no redeeming value for the economy are pulling close to 100k is ridiculous.
What an unhinged comment. Telling people to never tip more than 10% because " that's how you get doctors at 60k and bartenders at 80 to 100k", incredibly foolish and negative.
I cannot believe how low the salaries are in Toronto! How do they live there with such high housing costs? One thing I know for sure; the trades are where the money is to be made. Millwright, electricians and plumbers all make in excess of $100-150,000/year depending on situations ie workplace. If independent, they can add tens of thousands more. There is a massive shortage of skilled trades. People shouldn't be afraid to get their hands dirty, it's worth it!
I'm an electrician and people in the video treat you like a moron, bottom feeder. Even though everyone knows we make more money. Sometimes the positions are very hard on the morale. Like if you are working closely with clients, they will often say degrading things to you. Especially women do that. Anyway, money isn't everything. I went into the trades for money and freedom but I would rather make less and work in a job that I actually like. Although...I don't live in Toronto and paid off my house so I don't NEED to make so much anymore.
A majority of people in Toronto use 50% of their income on shelter.
That should be a HUGE warning sigh to Trudeau & Co if they don't want Canada to become a poor country soon. But they all heads in the sand.
@@taralynnhoffmann5831 Never allow anyone to make you feel bad about yourself....they aren't worth it. Be proud of who you are!
Good trades are hard to get into unless you know someone. No employer gives apprenticeship for millwright easily in Canada.
Only a few employers are willing to sponsor new comers to work in trades. I have friends who had worked for over half year as a plumber helper but still not being sponsored to be a plumbing apprentice
I work at Costco as a forklift driver and get paid more than a lot of these people with career jobs. I’m at 71,000.
Sure you can also be a general laborer with no experience and flag traffic all day for $50 an hour and double if you work on weekends or overtime. Oh and have you checked out mining jobs? They pay almost $200 an hour just so you can be in the middle of nowhere. Your point?
@@tbayhell2304 What the heck is your point. He's doing well, which is great.
@@tbayhell2304 My only point was that Costco is a good company to work for and that I’m grateful that I’m able to make a decent wage doing a job that wouldn’t pay that much otherwise.
@@tbayhell2304 why do you get such a hard on from a post that wasn’t even intended to come across as obnoxious? are you that mad about your 20 an hour job?
@@daddymatt225 My GF's brother and co-worker's BF both work at Costco, both make good money, and really like working there. It seems like a great chain to work for.
New study came out that in Toronto you need to make 83,000 CDN a year to afford to live in a 2 bedroom apartment and have a normal comfortable life style.
So none of these people are getting rich in Toronto just keeping their heads above water but having no extra savings for retirement
In no way are any of these people going to afford a 2500 square foot home with a car in the garage and going on trips that was once considered middle class before
That’s right. Fucking insane these times we living in
Don’t live beyond your means. That is a very big problem today for young people and no one is talking about it.
Well if you have a partner, then its easier, share most of the expenses, plus not going out as much, eating dinner at home is saving you a lot.
To be comfortable you need at least $150k household income. My gf and I are like $110k-$120k combined and by time you have a 1br apartment plus 1 car things are already tight.
I'm better off making $60K in Edmonton.
The salaries... Then the politicians wonder why it's tough to keep talent in the country.
Unfortunately people are so indoctrinated by socialism here in Canada they don't understand this concept
I was making $80K fifteen years ago as a mere taxi owner. And that was in a relatively small university town. Now all these years later and with inflation making things so much more expensive a lot of these people are still making the same to less than that in Toronto (where real estate and rent is so much more expensive). It's tough out there.
Crazy money fur back then but believabke it was descent paying job at some point
Now that Uber has taken over, the Taxi License value has probably gone way down.
I used to live in Toronto for 6 years, then moved to 🇺🇸.
Salaries are higher and houses are way way cheaper.
This video Brings memories.
Yeah okay buddy but you also pay health insurance in the states too, no?
@@enzoman1987the classic Canadian response. Lots of employers pay health insurance, cost of living overall is still much lower there.
@@enzoman1987 Keep drinking the KoolAid bud. If the job is worth a damn, the employer pays for it. Meanwhile almost everything is cheaper, taxes are generally lower and salaries are much higher in the US.
@@enzoman1987 health insurance is no big deal in US if you are in tech, have master's or PhD and a stable job, it's easily manageable. I had 4 surgeries in US, total amount I paid was 1400 USD. For every doctor visit, I never paid more than 150 USD. For X-ray and CT-scan, less than 200 USD. In Canada, it takes someone months to find an appointment for these things. Also, it's not free in Canada but part of high taxes. From last 2 years , I paid close to 120,000 CAD in taxes in Canada and still don't have a family doctor despite fighting so hard for one. In May, I was visiting US just to meet family and had abdominal pain. Went to a walk in clinic, they asked stuff, took X-ray and gave me prescription and I walked out of clinic in less than 1.5 hours. I had visitor insurance and paid 200 USD. I would pay that rather than spending 10 to 15 hours in ER in pain.
If you don't have any advanced degree, work on side hustles like food delivery or cab driver, then yes you can be screwed in US. In that case, Canada might be a better option.
Comparing a city to a country is quite interesting.
To all those in the video, nothing but pure respect for your hustle, your advice, and what you do.
How do they live in Toronto but those salaries. These salaries are like everywhere else in Canada.
Cool video, I'm a Canadian expat living abroad for 5 years. It's scary to see how low the salaries are compared to the cost of living...
I left back in 2018. Worst value proposition place to live was Toronto. Vancouver wasn't much better all things considered.
So common people are at the poverty line due to stagnant wages and unbridled government money printing. The spirit of Canadians is the real story of this piece.
Didn’t see many Canadians in this video
@@Baronvanhausen88Racist comment. Also, we are all from immigrants (unless you are native).
@@debbielockhart7762 big difference between a settler and an immigrant.
Wow. Like everyone else I'm not sure how they survive. I'm in the trucking industry making just shy of 100 k. If I was doing highway haul trucking I would be well over 100 k. Many trades are over 50$/hour. Physical labour jobs might be where its at
This is where the issue is in Canada…..low salaries and high cost of living
none of these people make enough money to buy a house in the GTA
Its true and so sad :(
When the investment banker guy said 6 figures, like what does that mean? Is it $100K, $500K or $950K. I hate when people say 6 figures, because it's such a wide range.
Could be $950k! That doesn't make any sense to say 6 figures!
Considering he's an investment banker for VANGUARD, one of the biggest investment management companies with a market cap in the region of 20 Trillion $$$, I would assume he makes a salary in the upper range of six figures.
You’re all wrong. A simple google search will tell you that it won’t be more than $150k
@@AviGkEy you think he makes that much?
It almost always means the low end of the range. Probably between $100K and $200K.
Ppl are broke in Toronto, and things are so expensive 😫
Why do they keep voting for the liberals?
Hence the rising levels of violence. People are desperate... :(
Rich international immigrants basically run Toronto and the Canadian housing market in general
The bartender's salary was a surprise ! He was almost making as much as an intermediate Software Engineer in Canada :)
It is not salary, their earning is mostly from the tips. Same goes for servers there are those who make over 100k.
Which is proof that the standard model (get good grades, go to university, work your way up from the bottom), is the least efficient and effective way of succeeding. Yet, y'all believe it's the best way.
@TheZooBrooksAB Success does not equate with making lots of money. However, what the school fails to teach is the sweet balance of finding the job that you love, that you are good at, what the world needs, and what you can be paid for. Most worlds are heading in the direction thing that is valuable in life is money and material wealth with less regard for others (humans, animals and the life that supports ecosystem).
@@e75short14 your pie-in-the-sky outlook is fine, but I'm pretty sure that most people find making at least better than average amount of money (and probably a lot more than average) is a good indicator of success. If you have the wealth that you seek, it makes all the other things you described easier to achieve. If you don't have the wealth, those things you describe become much more difficult to achieve.
I don't know too many burger king employees finding life satisfaction, actually most jobs are like that.
I used to make $1000 tips per week as a server but we had to do amazing services and bilingual in English, French.
This is unbelievable how low their incomes are. These are Canadian Dollar figures, mind you! Not US Dollars.
I live in Israel and people are being paid much better, here. It wasn't very good here about 20 years ago and many of my childhood friends then, their parents migrated with them to Canada. These days, many of them are actually moving back.
Until the bombs start falling on you guys, i think those who moved to Canada with their families are the smart ones! Can't live in fear forever
Bear in mind we earn and spend in CAD. Cost of living is high, but that is any big city
Please ask how much bonuses are for that Investment Consultant and how much TIPs account for that Bartender's salary
Get a trade. I only have 4 years construction experience and am now a site supervisor making $105,000 salary + benefits and company vehicle.
TRADES ARE THE FUTURE PPL
$100k with $2m house..... the math does not add up.
It's simple - bought the house before housing prices ballooned. Yes, it is warped but that's why there's such a generational wealth gap.
No, it does not. SMH.
I work in construction bringing about 70 - 100k a year. I was born in Toronto raised in Toronto literally building Toronto and I still barely scrape by in Toronto. I make enough to go away once a year and have money for retirement thanks to my union pension but man theres days where I feel like moving to another country.
Most of these incomes are basically impossible to actually live your life on in Toronto... and we wonder why everyone complains about the cost of living...
Your channel is an inspiration to me! Keep sharing your interesting and useful posts."
I just have to say that I'm having an absolute blast reading the comments pertaining to physician compensation in Ontario. I'll add my 2 cents to this video. I work for the Ministry of Health. I make ~60k/year with 8 years experience. My job involves reviewing/accessing billing information for all physicians in Ontario.
60ks after tax is 43.126 in ON. 3500 cad net monthly. You can easily make this money by uber. You do not need to study.
The wages are way too low in Canada.
Ladies and gentlemen - these are the people buying $2m homes in Toronto?
The crash is coming...7% rates will be a problem.
2mm house owners are new immigrants, refugees living on social support😂😂
@@TGIMthere is no crash coming with low inventory supply and super high demand 500k immigrants that Trudeau is bringing into Canada annually. Stop with the nonsense.
Yes it’s possible!! Think outside the box!! My parents make no where close to 100K each and they can buy a 2M home. They bought their homes in 2004. Anyone who had a home pre 2000 can buy a 2M home with the equity they have accumulated.
@tennikasamuels LOL oh yes I forgot it's just us losers who were born after 1990 who can't buy a house. We don't have 400% equity appreciation - what losers.
So weird that a resident doctor makes 60k but the avg registered nurse makes aroudn 70k. Even an RPN can get 60k... Resident doctor is still in training right? Is that why?
Yes.
Can we take a moment and appreciate John's vest.
I am assuming the wages are in Canadian Dollar. Are the wages in the video gross or net ? Because if it’s gross then damn Canada has very low wages man !!
gross and taxed heavily
This video showed why all of our talented doctors and nurses leave for other countries, usually America
This is a resident (not fully trained physician). An average general surgeon or OBGYN makes 10x the amount she mentioned. Physicians in Ontario are well compensated.
Lmao I totally know how it feels for Nikita (resident doctor). I’m in the health field and doctors are sick and tired of the government cutting budgets and coming up with different policies for health care providers. A lot of work and effort treating patients and the pay is not that great in Ontario. Plus sometimes you deal with crazy patients too and you’re bound by the rules/policies and the college of physicians and surgeons believe in the patient first so you gotta be careful in how you interact with patients, otherwise they’ll file a complaint against you and you’ll be dealing with headaches and law suits. 😅
You're DEAD LYING HERE, you should GRATEFUL for the public system lazy irresponsible doctor's here are protected to max, they investigate themselves. There is complaints serious issues misconduct but doctors are untouchable here thanks government. What you're saying is complete lie. Everyone now system is broken but doctors are huge problem much much worse than police issue
why is there cbc news playing in the BG sound?
Imagine being at the hospital and she walks in as your resident doctor....wait...I saw you on UA-cam telling people to do anything but.
yea i wouldnt want her as a doctor
I appreciate her honesty.
I would ask for a new doctor if they looked like that.
Im a college dropout, foreman ironworker and i make more than everyone in this video.
Im good with my hands and i love my job. Thats really all you need to be making 120k+
Are these wages before or after taxes? Because if it's before taxes I don't understand how can these people afford living in Toronto?
Bartender makes more than medical doctor. Says a lot
I'd say he is full of shit!
She's a resident
That doctor will make $400k+ after her residency
@@hrd1711more like 200k, unfortunately
@@hrd1711 she said she's a resident 😆
Im a self employed tile Installer in Toronto, work 10 months of the year and make 110k-120k
This story is really about so much more than salary or wages. The only people interviewed were the upper echelons. Try going to a rural area and interview the average worker. Check Stats Canada, the median average income is a lot lower than anything quoted here; median average is where the earners can be divided in two groups 50% above it and 50% below it. Inflation has had a big affect, and the costs of living are highly variable. Couch surfing, living in conditions far below standard, garbage pickup is a great thing to have, so is running water.
50-100k is not upper echelon, its hardly enough to live in toronto
@@shellderp Basically my point is that it depends on point of view. All the same, check out median average income, you'll see what I mean; most people I know don't even hit median, I never have. You have a higher standard of living in places like Toronto and there are services there that aren't provided elsewhere as well, those things cost money.
I bet that investment banker guy is making 250k plus, good career choice
He is scared of family issues 😅
Probably if he was in US, this being Canada gonna say anywhere from $140-170k.
lame
A bartender makes more than a doctor. WELCOME to Canada 🎉
Yeah! I was shocked to hear that. Ridiculous.
after their 2-5 year training they make six figures
Cost of living is even higher in Vancouver.
If a doctor came to the room looking like that, id run out in terror
Basically a college student who hasn't grown up yet. Reality will soon set in.
I’m just wondering how the guy with 60-80k is now financially free?!
The resident doctor is right , don’t enter healthcare , it’s like working in hell , under paid and under staffed . Not a safe place to work
Once she is done residency she will make 350k then average doctor makes 750k.
@@clo? Do some research first and then talk
@@letsgetcozywithzeethey do. I personally know several doctors making well above that
U forgot to mention management.
Starting Physician resident salary in Ontario that is on the low end seems to be 70K and median salary 234K. Top over 400K . How is she earning 60K after 3 years? There is a shortage of Doctors in Canada and Ontario.
Their all leaving and going to the states… their salary rates are much higher and housing isn’t unaffordable.
60000 means still poor , she get 40000 after Tex. just calculate in month 1500 roomrent +1000 grocery+500( clothing ,phone internet, wifi, )so in total 3000 in month . 3000*12= 36000 . So she had left only 4000 in her pocket for her future ,no party, no enjoyment ,
That Dr, must have been quoting net income, or not full time??
In BC they’re making $300k
How does someone move from 40k to 110k inb4 years as a banker. My salary didn't change much for the last 2 years
80k/yr in Toronto and "financially free"? Either Heavy doesn't understand the term financially free or something else is going on lol
He's high
Use noise cancelation software
I am poor and disabled and live on $950 a month. I am now so depressed after watching this. To me, $60k a year is a fortune and then i look at the comments and everyone is saying how shitty these wages are. In comparison I suck.
Problem is that 60k turns into 35k after taxes, but people still try and live like they got the full 60, I grew up poor and thought when I hit 60k I was wealthy so I spent like I was, it caught up with me quickly unfortunately lol
Wow 80-100 is nothing in Toronto sadly now.
how much is average salary now ?
@@Mixiisss80k+ is not nothing in canada.. the average salary of a single income earner in canada is roughly 60k. Toronto is no different
@raze5346 well in toronto that will never get you into a house because you wont be able to save much. Maybe you can get lucky if you have a family of workers all pool money to maybe put enough down to qualify but then you won't have much extra space.
@@asadb1990 yes i agree but thatd the reality we live in. Obviously 60k isnt enough for places like Tor but thats what the stats say look it up
@raze5346 this pay is dependent on level and experience. What i find is many people don't change jobs quickly specially the ones for whome is their first professional job in canada. And the employer loves these people as they are too desparate for the job and don't know the law and hence won't complain as much plus work long hours. The modern locals aren't as complacent. They know companies are disloyal and they only care about the top dollar pay.
Wow. Do these people all live together because that the only way they'll be able to afford a house in Toronto.
Currently making 44k a year in Montreal…. I have a degree that I dont even use. I don’t know if I will be able to live happily with that salary….
Industrial electrician,Calgary,120 000 a year
That's a good money, how to get into this trade? Does your plant looking for any shop helper?
Someone liked it thanks, i just asked as I am living in Calgary now and unemployed but worked previously in manufacturing as a machine operator but hard to get into maintenance side, so just asked if someone is looking for a shop helper, comment I would be willing to help. I can provide references as well.
Once I got an opportunity for a shop labor for industrial electrician, I was selected but then I don't have the car so they picked someone else, they said I can't commute, I said I would do but they didn't agree.
Just remember this:
1. Your total income isn't your base salary
2. Your company benefits are based on your base salary, not your total income.
3. Negotiate with the above in mind.
I don’t get it ; can you expand?
@@adelinecoulter9624Ya I'm with you I have no idea wtf this is
Do you these people pay income tax? How can you not know the exact amount you make each year?
How can any of these people afford to live in TO?
Is those salaries are after or before tax?
100,000 CAD is a joke in Toronto. I am getting much more than amount in Ottawa and even I feel my purchasing power is ridiculously low. I studied and lived in US, and don't understand why people in tech don't move to US. If you are not from a immigration backlogged country like me, you can get green card in 2 to 3 years.
Why work on 120,000 CAD or so in Canada? When you can earn 150,000 to 200,000 USD in Dallas or Raleigh NC where a 4 BHK independent house is 700,000 USD or less. Not to mention Dallas and Raleigh have much better weather than Toronto or whole Canada and are very safe. I was paying 45 USD in car insurance in US and despite US experience, I am paying 180 CAD (137 USD) in car insurance here for an average car.
Are you in Canada for a passport and then back stateside?
Black Nigerians? Not the other Nigerians?
Unfortunately we’re taxed 50% in Quebec so $120,000 is only $60,000 take home which easily gets spent fast on mortgage, more taxes like school tax, home repair, car payments, then poof, it’s gone!
Yeah, I make 70k in Quebec and I do just fine, but I have no car, no kids, no house. With the same income I could have afforded all of the above in China. It is true that things are crazy expensive here, it all comes down to choice. I still prefer to live in Canada than permanently move elsewhere, and I've done my share of living abroad. It's not always worth it, even for the money.
@@gianellab.4953 unfortunately it’s hard to save for retirement at 70k per year and government taking 40% or whatever your tax bracket is. It’s going to be a rude awakening working until the age of 70 and getting a measly $700/month pension. I love living here, it’s safe, and beautiful, but I don’t agree with the Quebec cultural thing where they enjoying paying taxes for their belle province
@@HotSauceStain It's not really that hard. I put aside 4-5k a year. Single professionals who can't save with a 70k income should reconsider their expenses 😂 I do think the government carelessly spends tax money and doesn't have enough regulations (eg. rent and mortgage control) though. My experience just taught me here is the lesser evil. I've lived in the UK, in Spain, in China, in Panama. I just think on the whole it's better here. Life is not always about the money.
Welcome to socialism
BS! Nobody pays 50% income tax in Quebec...
The bartender's salary is after tax equivalent, whereas all those 9-5ers salary are pre tax. So, that bartender probably makes $140K pre tax equivalent.
I don’t think so. He mentions a range which would be how much tip on top of the base which is likely less than 80k, maybe 60-70k.
@@sharinglungs3226 a bartender making a $60-70 base salary before tips? I highly doubt it.
He doesn't declare his tips to cra.
@@jimmyzhao2673 yes, and......?
Difference is all the people working 9-5s have full benefits and are working towards a pension. Hm are bartenders hourly pension rate? I’ll tell ya it’s $0 an hour.
Bartender’s answer is extremely misleading.
Firstly, no benefits
Secondly, no pension.
Third, of his 80-100k probably 50% of that is cash. So although it sounds great, try navigating the financial aspects of life on a $40k year income.
When you apply for a loan, mortgage, LOC, credit card etc you won’t get fat with an annual income of 40k.
I’m a skilled tradesman. I earn $150-$180 k year, full benefits and just over $9 to my pension for every hour I work. Generally around $25k-$30k a year goes into my pension on top of my income and benefits.
People think construction workers and skilled tradesmen are peasants, yet I earn more than every person in this video who went through years of college/university.
It can be cut throat but if you’re good you can do very well for yourself.
That's IF he's actually making $80-100K like he claims... tbh this might be an unpopular opinion but I think it was a gross exaggeration.
That's a good money Sir, what trade you are into if you don't mind ?
That sounds right. Good tradesmen can do very well.
Good point. Its all relative.
I was going to say the same thing, everybody in the comments saying “oh I’ll be a bartender then” LOL what they don’t realize is that job has no benefits and no pension. I’m a 3rd year millwright apprentice, 24 years old & I made more then everybody in this video.
Cement mixer driver-$110,000cdn/yr, if you don't mind overtime.
How are they ever going to buy a house by themselves?
They can't
If I were asked for an advise it would to move out of Canada. Lol
Even cops make over 100k just starting. I know someone making 40/hr but for 12 hrs a day 6 days a week
Their lives are on the line everyday. They definitely deserve it....at least the good ones do.
In New York, the same type of job would make 5-8 times the salary
That Bartender stole the show.
If you’re educated (with UK/US/CAN/EU degree), do not bother working in Canada. You’re underpaid and overtaxed.
100% if I had a better education degree or skill I would be adios amigo
The guy said he is 'financially free' from making 60-80k per year LOL... WTF!!!! I PAY OVER 6 figures in TAXES alone and I've been doing that for OVER 10 years (14 years in my industry) and Im not financially free at all. Sure, owned a cpl properties and exotic cars, but that guy is wilddddd for being free @ 60/80k
In Alberta my salary is really low but I am never complaining after watching what people in Toronto make.....especially with the cost of everything else.
Salaries in Canada are abysmal
70-100 hardly covers rent in Toronto.
How is the doctor making so little?! No wonder we have a shortage
Fuck, seeing a doctor making less than a bartender is criminally wrong.
@@neilwest9321 its crazy ppl cant differentiate the two
It really shouldn't matter, a doctor should make 85k at lowest even if it's just a student in residency.
Once she is done residency she will make 350k then average doctor makes 750k.
@@clo 750k? Not in Canada you are not. Even a neurosurgeon with 20 yr of experience don't make that much.
@@clo that’s top tier money as an MD. Most will make half of that or less. Speciality plays a big part
Interviewer is fantastic!
They say 70 to 100k but wonder how many hours of week they work?
Depends. Some people in banking are 9-4:30pm. Others in banking and tech are 8am-8pm. Then throw in commute times. Tough life
damn thats low, living in Toronto under 130-150k is hella tough
I met ibraham at our local bank. Awesome guy
Don’t t matter what kind of job you have if you spend everything you make and don’t save and invest u won’t be able to buy anything.yes rent is high in Toronto because lots of people want to live in Toronto . Maybe don’t live in tronto find some wee more affordable. Most people that houses are worth 2 million in Brampton simple they bought a house when prices weren’t so high then houses prices went up like crazy. And they sold there homes took out a bigger mortgage and bought a bigger house when interest rates were low. Know with interest rates so high I need to leave Toronto go to a more affordable place
This is the reality! Everyone on reddit and twitter was making $300k+ lol.
I make 300k but difficult to survive
60k for a doc? When she starts her specialty she will start earning 200k easy.
How are the majority surviving in toronto with 60k....
You avoided speaking with the people who make minimum wage
Not seeing any trademen being interviewed
These people are just slaving to survive. Why are they staying in Toronto?
Did they say they live in Toronto?
@@basilbyfield5913if they are in Toronto isn’t it reasonable to assume they live there? Besides even if they are commuting the GTA and most surrounding areas are as expensive as Toronto