Which is better option for Canada from PR and payscale point:- 1.Take 1 year course and give PEBC exam or 2. Do masters.

The easy way is first one as a diploma will be completed in a year or two and then you can apply for PR. It will also allow you to work. If you already have bachelor's, you need to register at pebc. Check for all details here. http://www.pebc.ca/index.php/ci_id/4910/la_id/1.htm