how and where to retire Qorax and Others please advise

[steaky]

How will the money grow in Canada as the banks hardly give any interest in Canada?
>> the interest rate would not be the same as in your home country, but with the depreciating Indian rupee the interest earned will get lost when you convert into CAD.

You can also buy bonds in Canada and it will generate some income. You can also speculate currencies in different combinations. Besides, speculating currencies doesn't attract tax ;D unlike other investments such as capital gains, dividend income and salary.

 

[mute_man]

Hi Thanks for the advice. I really appreciate your views.
How will the money grow in Canada as the banks hardly give any interest in Canada?
Stocks are risky.
Another issue is as to which place in Canada amongst Montreal/Missisauga/Brampton/Cambridge is ideal for staying keeping in view the education and safety and job prospects of the family?
I have relatives in the areas mentioned.
I will definitely like to meet you and Qorax as you have guided me well during my application process from time to time and It's my desire to meet you.
Thanks again.

Mississauga vs. Montreal

http://www.numbeo.com/crime/compare_cities.jsp?country1=Canada&city1=Mississauga&country2=Canada&city2=Montreal

http://www.numbeo.com/health-care/compare_cities.jsp?country1=Canada&city1=Mississauga&country2=Canada&city2=Montreal

http://www.numbeo.com/property-investment/compare_cities.jsp?country1=Canada&city1=Mississauga&country2=Canada&city2=Montreal

 

[at9459]

How about Edmonton?

 

[steaky]

option 2
If you stay in small city or in rural area you can have a house for about $100,000.00
Manage with a small/ pre owned car - $8000
cut short monthly exp to 3000 *12= 36,000
cut vacation and other exp to $5000 yearly( dont fly to India with family every year)
less allocation of money for education of kids.like for small technical cources
then this money can last for 18 years ( aprox)

In some cities such as Thunder Bay, Ontario, you can even buy a detached house for about $60,000. So the money can last even longer than 18 years (approx).