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Canada leads the way globally as a preferred immigration destination. Every year, hundreds of thousands of hopeful people apply to immigrate to Canada. However, understanding Canada’s many immigration programs can be confusing. Many people rely on consultants for help to immigrate to Canada. However, it’s important to understand how to select an immigration consultant. Discover what to know and how to avoid immigration fraud.
The primary way for skilled immigrants to live permanently in Canada is through the Canadian Government’s Express Entry program. There are three immigration programs under Express Entry, and each has different requirements.
You can visit the Government of Canada site to see if you are eligible for Express Entry. It takes about 10 – 15 minutes to find out if you are eligible and answer questions about your:
After you respond to the questions, you will:
When you complete the steps, you will receive a confirmation that your profile is complete.
The Canadian government determines how many Express Entry applicants will be admitted to Canada each month.
You can also hire an Immigration Consultant to help you apply to immigrate to Canada. An experienced consultant knows about the many streams and programs available for people looking to immigrate to Canada. With more than 100 Canadian immigration programs, they can help you select the right program.
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Does New Government Mean New Immigration Rules in Canada?
The Government of Canada has important tips if you decide to hire a representative to help you with your immigration process:
Immigration consultants must be licensed by the College of Immigration and Citizenship Consultants. Review these helpful tips to ensure you select a qualified representative.
2. Ask the representative about their training and experience.
3. Find out how long they have been in business and ask for references.
4. Discuss the services they provide and their fee.
5. Get a written contract and read it carefully before you sign it. Ensure the contract lists all the services they will give you and clearly states the fee you discussed.
Also, if you use a representative who works in Canada, you can contact the Better Business Bureau (BBB). The BBB can tell you if they have received complaints about a citizenship or immigration consultant, lawyer, or other representative.
Join us for an eye-opening session on how to build your financial future in Canada with confidence. This free webinar is hosted in partnership with Scotiabank, a trusted leader in newcomer banking. Together, we’ll guide you through how the Canadian banking system works and share free tools and strategies to help you plan, save, and invest wisely as a newcomer.
REGISTER FOR THE WEBINARImmigration fraud can have devastating consequences from delays to deportation. Here are some tips to avoid the risks:
Learn more about how to protect yourself from fraud.
If you’re having problems with your representative, see:
Source: Government of Canada
It’s smart to make a checklist of the important documents to carry when you move to Canada. Whether you are immigrating permanently, studying, or working in Canada, these documents will help you to enter Canada, open a bank account, drive, rent a house, and even access healthcare. This comprehensive list of documents outlines what you will require and why you need them. Ensuring you have the right documents for permanent residence (PR) can minimize delays and avoid complications as you settle in Canada. Without the right documents, you may face challenges finding a job, enrolling your children in school, or even renting a place to live.
It’s important to keep all your documents safe and keep digital copies.
You will require specific documents to complete the immigration process and PR in Canada. The PR documents you require vary based on the immigration program you’re applying for. However, here are some of the essential documents you will need.
Passports show your biographical information for you, your spouse or common-law partner, and dependent children. Passport photos must comply with Canadian passport photo specifications.
You’ll need a birth certificate or an equivalent document from your birth country for yourself and each family member travelling with you. Birth certificates serve as proof of your date and place of birth. If you do not have a foreign birth certificate, the date of birth indicated on your foreign passport or travel documents will establish your date of birth. You will need a birth certificate to get a Social Insurance Number, enroll your children in school, or apply for government services.
If you identify a dependent child as “adopted” you will require a certificate from a national authority to show that the adoption is legal and approved.
If you declare yourself married, you will need a valid marriage certificate issued by a government authority under the law of the country where you were married.
A divorce certificate and legal separation agreement are necessary if you declare your marital status divorced.
Carry your educational certificates and official transcripts. These documents prove your education qualifications and you may require them to attend Canadian schools or for employment. And, don’t forget any school records you have for your children!
You may need an education evaluation or credential recognition from an evaluation service, academic institution, or professional association. Such evaluations can help you to find work more easily. You may also require them if you plan to work in a regulated occupation or attend post-secondary schools in Canada.
Many professional associations, universities, colleges, and assessment agencies require the school you attended to send your academic records directly to them. They may not accept the original or a copy of academic documents. You may have to get your documents translated into English or French, depending on the language requirements of the province you are moving to. It’s a good idea to find out what documents the professional association, academic institution, or credential assessment agency requires before you come to Canada. This will also save you time and money and avoid costly delays.
It is helpful to bring samples of your professional work to showcase when you attend job interviews in Canada. Bring your resumé or curriculum vitae. However, you may have to use your existing resume as the foundation to write a Canadian-style resume.
Canadian employers often request references from former employers before they offer you a job. So, it’s helpful to bring reference letters with contact information. An official reference must be a printed letter on company letterhead and include:
Are you moving to Canada soon or already here? Do you need to find a job? Would you like to find good resources for finding employment in Canada? If so, join us for a free webinar where you can ask an expert your questions. We’ll discuss what you can do to make yourself more marketable to potential employers.
REGISTER FOR THE WEBINARIf you have young children who are immigrating to Canada with you, consider carrying their education documents as well. Your children may have to complete a math and English language skills assessment when you enroll them in school. The assessment results will identify what grade level your child is at and what support they may need to achieve success in school. It’s helpful if you can provide your child’s previous report card or other documents to help place them into the right grade.
Continuing to care for your health when you move to Canada is vital. Health-related documents such as medical records, vaccination records, prescriptions, etc, are helpful when you seek a medical doctor or apply for health insurance.
If you need to complete an International Medical Exam (IME) it’s helpful if you can bring any medical reports or test results for any previous or existing medical conditions.
Most people seeking permanent residence in Canada will require an IME. If you do not have adequate immunization records, you may have to start an immunization schedule based on your age and risk factors. This applies to adults and children. Immunizations are not mandatory in Canada. However, children and adolescents who attend school in Ontario and New Brunswick must have proof of immunization.
For the IME, it is not mandatory to show proof of vaccination. However, proof of previous vaccination is helpful, including vaccination against illnesses such as tetanus, pertussis, measles, mumps, COVID-19, and others.
While you can apply for public health insurance when you arrive in Canada, some provinces have a waiting period before you can receive provincial health care coverage. Buying private health insurance to cover expenses in case of a medical emergency during your first few months in Canada is a smart idea. Without medical health insurance, you could face a large bill for medical treatment or emergency surgery. Having to pay a hefty medical expense is not how you want to begin your new life in Canada. It’s much better to purchase insurance for peace of mind.
Proof of funds show you have enough money to support yourself for at least the first three months in Canada. It can take three to six months to find a job in Canada, and you will need to have money for living expenses until you have a stable income.
You’ll need a list of effects when you land at the airport. It’s also helpful to have certificates of valuation and authenticity (including photos) for jewelry, valuables, and belongings you carry.
Foreign income is taxable in Canada.
When you land at the airport in Canada, you will meet with an immigration officer from the Canada Border Service Agency (CBSA). The officer will check that you enter Canada on or before the expiry date on your Confirmation of Permanent Residence (COPR); this date cannot be extended. If there are no problems, the officer will authorize you to enter Canada as a permanent resident.
When landing at the airport, you require your:
While the immigration officer may not ask you for proof of funds, it’s helpful to have.
The officer will also confirm your Canadian mailing address. Your Canada permanent resident card will be mailed to the address you provide. You can notify IRCC if you change your address before you receive your PR card using this online address notification service. The time to process your PR card can vary. However, you can check the IRCC website for current processing times.
If you plan to drive in Canada, you can get an International Driving Permit (IDP) from your home country. Permanent residents can use the IDP for a defined period (usually 60 – 90 days depending on the province). Be sure to check the specific IDP requirements of the province you are moving to. Some provinces in Canada may allow you to exchange your foreign driver’s license for a Canadian driver’s license, while others may require you to take a driving test.
If you have a good driving record in your country of origin, you may be able to get a better auto insurance rate in Canada. Bring a copy of your international automobile insurance to show your driving record.
With this comprehensive list of documents for PR in Canada, you can begin to gather and organize them for your convenience. Having these documents before you move will minimize potential delays and help you settle when you arrive.
Communication skills are important for two primary reasons. Firstly, if you apply for Permanent Residence (PR) in Canada you must have strong language skills. You need to show that you can communicate in either of Canada’s official languages: English or French. And you have to provide proof of your language results from an organization that the Canadian government approves. For example, the International English Language Testing System (IELTS) is a common tool to show your language skills.
Secondly, one of the most important skills that Canadian employers look for is the ability to communicate effectively. Regardless of your title, profession, or industry, strong communication skills will help you to achieve success. Employability skills include managing information, thinking and solving problems, using numbers, using digital tools, and communicating.
Employability skills are the skills you need to enter, go through, and grow in the world of work. Understanding and applying these skills will help you create a set of tools to improve your ability to grow and do well in the workplace and beyond.
Conference Board of Canada, 2022
In 2022, the Conference Board of Canada, in partnership with FutureSkills Centre, defined communication skills as a fundamental skill. Other employability skills include:
The goal was to identify the top skills that Canadian employers seek. The research showed that employers seek these top three skills:
While language and communication skills are essential for most jobs, what exactly does that mean? And, how do you show that you have proficient language skills?
To succeed in the workplace, it’s essential to communicate with managers, co-workers, clients, suppliers, and customers. Strong communication skills include:
In the workplace, you require:
Strong writing skills are vital for many jobs. Writing skills include your ability to write clearly and concisely. This can include:
Reading skills include your ability to read and understand:
The level and type of reading requirements will vary based on the type of work that you do.
Listening skills include verbal and non-verbal responses to show the speaker that you are engaged in what they are saying. Active listening allows you to hear, understand, and respond in a meaningful way to the speaker.
This is an important skill to help you build relationships and trust with managers, co-workers, and others you work with.
Active listening includes:
Non-verbal feedback, such as nodding your head, shows that you understand what the speaker is saying without interrupting them. It’s a helpful cue you give to the speaker. Other non-verbal cues include:
Active listening allows you to focus on the speaker, listen, and understand another point of view. All skills that will help you to succeed in the workplace.
Strong speaking skills allow you to influence others such as managers, co-workers, and customers. Whether you manage a team or are a team member, speaking skills allow you to convey ideas effectively and persuade others. Speaking skills are helpful for most positions and important for any customer-facing role.
Many newcomers misread their struggle to acquire employment and look to add to their already long list of educational credentials. This is good, but you also need your soft skills to succeed.
Soft skills are a critical factor for success in Canada because when employers ask about “Canadian experience”, they are looking for candidates who can easily adapt to the workplace. They want assurance that you are a match for the job and the workplace culture. When looking for work in the Canadian job market, it’s vital to put your best foot forward.
Soft skills remain out of the grasp of many people because Canadians have difficulty articulating what “soft skills” actually include, beyond interpersonal skills. Hard skills are related to your technical ability, credentials, and relevant experience that you already have in abundance. On the other hand, soft skills, or people skills describe how you connect with others, build relationships, solve problems, and interact with others.
Certainly, communication skills are a part of the soft skills package, but it’s only a part. Within communication skills, is the capacity to network with others (which includes the art of small talk), effectively communicate (verbally and non-verbally), work in teams, collaborate with others, and demonstrate empathy. While your hard skills and resume will get you an interview, it is your ability to present yourself in the interview that will make you stand out. This is an important piece of the puzzle and without developing these skills, you may find it difficult to get past the initial interview.
Mastering your language and communication skills will help you when you apply to work in Canada. Employers will see your strong communication skills as a strength and help you to stand out among other applicants.
Many settlement services also provide free language instruction. Settlement agencies exist across Canada and can help you with many services such as job-specific language training to help you excel in the workplace.
Are you moving to Canada soon or already here? Do you need to find a job? Would you like to find good resources for finding employment in Canada? If so, join us for a free webinar where you can ask an expert your questions. We’ll discuss what you can do to make yourself more marketable to potential employers.
REGISTER FOR THE WEBINARWhen you’re comfortable with your communication skills, you will be more confident in job interviews. As well, strong communication skills will help you to excel in the workplace.
The Canadian government funds many language programs. These programs are available through settlement services, or you can improve your language through the Language Instruction for Newcomers to Canada (LINC) program.
The LINC program provides free instruction to improve basic language skills such as speaking and writing in English or French. To find a LINC program, click on the links below for the province where you plan to settle:
Language classes that the government of Canada funds are:
You can take language classes at community organizations, schools, and colleges. Other benefits are meeting other newcomers and boosting your confidence when you take your language skills to the next level!
IELTS (International English Language Testing System) is a popular English language test commonly used by schools and organizations to assess and measure language skills. The IELTS test is also one of the language tests that Canada will accept for people who want to immigrate to Canada.
Some professions in Canada including, engineering, law, medicine, and teaching require a minimum IELTS score. For example, to work as a teacher in Ontario, you require a minimum IELTS score of:
Organizations like British Council IELTS can help you improve your communication skills with webinars, practice materials, tests, and free online courses.
Research your profession in Canada to see if you must meet an IELTS requirement.
Communication skills are important because they will ensure your success in the workplace. You can develop your communication skills at home, school, work, and in your community. And many people can help you to build these skills such as your family, friends, neighbours, and co-workers.
A lesson many newcomers learn when they arrive in Canada is that you need credit to pay for large expenses, buy a car, or purchase a home. However, it’s difficult to borrow without a credit history in Canada. Canadian lenders typically check each applicant’s credit files at one of the main credit reporting agencies (Equifax Canada and TransUnion). This file is like a financial report card that tracks how much you borrow and how quickly you pay it back, to calculate your credit rating and credit score.
Without a credit history, newcomers may need a loan co-signer with a Canadian credit rating, and considerable assets as collateral, or they must demonstrate a history of stable income in Canada to receive a loan. Fortunately, you can start to build your credit record and history shortly after you arrive in Canada.
The financial decisions you make when you arrive in Canada have a huge impact on your credit history and score. The concept of credit can sometimes lead to a debate about how it can help, or hurt you when you are building your credit rating. On one hand, credit can be a fantastic tool to help you:
On the other hand, if poorly managed, credit can haunt you for many years, and make you miss out on financial opportunities. Creditors can run a credit check on you to assess if you are a low-risk or high-risk borrower. They will also decide to grant or deny you a loan or charge you a higher interest rate.
Your credit history shows lenders that you are responsible when repaying your financial obligations. Whether that is your monthly rent, utility bills, loans, etc. If you come from a country with credit bureaus, you know how important your credit history is. Maintaining a good credit history in Canada is also important. We’ll share tips to help you build and maintain a healthy credit report. With a strong credit history, you can save money and have more financial freedom.
So what is your credit score when you come to Canada? Nothing. Think of it as a blank slate. Your financial habits will dictate the direction of your credit rating up or down.
Your credit history or credit rating starts the first time you get a credit card or loan in your name from a Canadian bank. You can begin by applying for and using a credit card responsibly.
Even if you don’t have immediate plans to buy a house or vehicle, it’s good to establish a credit history, since banks may give special consideration to recent newcomers.
Newcomers may be eligible for a ‘secured’ credit card. A secured credit card is different than a regular credit card because it requires a security deposit equal to the amount of the credit limit. Think of it as a stepping stone to getting an unsecured credit card. Such special offers may be more difficult to obtain later, especially if your income does not grow as fast as you had hoped. A credit card is also useful for larger purchases and as a secondary piece of identification.
Your credit score is important for several reasons:
2. Landlords will conduct a credit check before renting their property to you.
3. Some employers will conduct a credit check before they make a job offer. This is common in some roles at banks and other financial institutions such as insurance companies.
Your credit score can fall between the range of 300 – 900. Generally, and depending on the credit score model that your financial institute is using a good score is greater than 680. As a benchmark, to get a mortgage to buy a house in Canada, you need a credit score between 600 – 700. If your credit score is lower than 600, you will want to take steps to increase your credit score.
Once you receive a credit card, use it wisely to establish a credit score so that lenders will have confidence in your ability to repay loans.
Your credit score can fall between 300 – 900 points. You require a minimum of 650 points to qualify for a loan. It’s difficult to get a loan or receive new credit with a low score. However, if you have a low credit score, you can improve your score by carefully managing your credit use.
Join us for an eye-opening session on how to build your financial future in Canada with confidence. This free webinar is hosted in partnership with Scotiabank, a trusted leader in newcomer banking. Together, we’ll guide you through how the Canadian banking system works and share free tools and strategies to help you plan, save, and invest wisely as a newcomer.
REGISTER FOR THE WEBINARIf possible, avoid using more than 30% of your credit limit (balance-to-limit ratio). For example, if you have a credit limit of $1,000, you should try not to spend more than $300 and pay the bill in full by the due date.
Your credit score may decline if your balance-to-limit ratio exceeds 30% because it indicates to creditors that you are a higher-risk borrower.
It’s best to start with only one until you are financially comfortable enough to afford more. Avoid opening many credit accounts. Many credit card accounts can signal financial distress to lenders, especially if they all carry a balance on them.
Your credit history is one of the things landlords want to see before giving out their home to you. Your credit history will tell the landlord how reliably you pay debt. A good score and credit report in Canada will show the landlord you are reliable and will likely pay your rent on time. This is important to landlords as it guides their decision about who to rent their home or avoid.
While this arrangement is great for landlords, it can be problematic for newcomers looking to rent a home. If you are a newcomer to Canada, you likely will not have a credit history. It takes a minimum of six months to build a credit history. Because of this, it can often be hard to convince a landlord that you will be a reliable tenant. However, there are some tips that you can follow to rent a home without a credit history.
The first thing you can do is show proof to your future landlord that you have a good amount of savings in your bank account. This will tell the landlord that you have enough money to pay the rent and will pay it on time.
If you don’t have large savings, your top priority is to secure a source of income. Once you have done that, you can show proof of income to your landlord. This will also satisfy landlords because it means that you have enough stable income to pay the rent each month.
In the meantime, pay any bills you have on time to show lenders that you are financially responsible. Over time, you will build a strong credit report in Canada that can open doors to your financial goals.
Get a credit card or two, and use them, but use them sensibly. Pay off your balance monthly and avoid exceeding your limit to show potential lenders you are reliable.
Paying in full each month will reduce the amount of interest you pay. And with the average credit card interest rate at approximately 20%, any balance on your credit card can be expensive. But, if you don’t pay the balance in full each month, pay attention to how much you pay in interest.
If you can’t pay the full balance on your credit card, at least pay the minimum balance and make regular payments, to pay debts as quickly as possible. But, avoid missing payments. Missing payments can damage your credit score and make it difficult to get a future loan such as a car loan, or mortgage.
Using your credit card for cash advances is even more expensive. Typically, the interest rate is higher and you pay interest from the date of the cash advance. There is no grace period like there is for a regular credit card purchase.
On top of paying your monthly bills and loan installments on time, be careful when you sign up for services such as cable, telephone, internet, gym memberships, and other monthly subscriptions. Check the cancellation fees and deadlines when you sign up for services. Otherwise, these fees can be high.
Ask questions about your contract if there is anything that you do not clearly understand.
Remember to cancel or transfer your services and utilities when you move to a new address. Sometimes final bills end up in collections out of sheer neglect, and from collections, they land on your credit report for the next six years. This will negatively affect your credit report in Canada. Keep track of changes and record the date, the names of the agents you speak to, and your case number. Keep any receipts to prove that you cancelled the service.
Don’t be complacent with your payments if you hit a rough patch such as a job loss. Call your creditors and negotiate monthly payments. They will likely be willing to help you because sending outstanding accounts to collections will cost them money. Cancel or suspend services you can do without, rather than have the bills rack up.
It’s wise to live within your financial means. As the saying goes, “It’s not how much you earn, it’s how much you spend.”
Most banks including Scotiabank offer account holders this facility. Alternatively, use free services like Borrowell to monitor your credit. If you notice outstanding payments you have paid off on your report you should inform the reporting agency in writing so that this may be removed.
Credit reporting agencies such as Equifax and TransUnion record your credit history. Your credit report in Canada will contain information on your:
Collections items stay on your credit report for six years, and legal items stay for ten years. So it’s essential to practice good financial habits that don’t jeopardize your credit rating. Your credit history speaks volumes to lenders about what kind of risks they take when they agree to lend you money. It takes a long time to build a credit history. Yet, it’s easy to sabotage and takes even longer to rebuild.
So, can you live without credit? Yes. But, should you try to do without it? No. Because without credit, it will be difficult to improve your living standards, at the very least, not as quickly as you would like. And, when it comes to making major purchases such as buying your first home, a strong credit report in Canada is essential. When you manage how you use credit, you’ll remain in good financial standing and be able to secure credit to achieve your important dreams.
The Black Friday sale in Canada is a bargain shopper’s delight! It marks the official date for retailers to launch some of their best sales of the holiday season. If you’ve recently arrived in Canada, you may be curious about all the hype surrounding Black Friday. You can expect to find great deals with discounts that range from 20 – 60% off the original price. This shopping event is called Black Friday because it used to mark the day when retailers started to make a profit and move their books from red (losses) to black (profit).
Black Friday also used to be a one-day sale event. But in recent years it has turned into a lengthier period that is book-ended by Cyber Monday. During the Cyber Monday shopping event, you can expect to get the best online sales and discounts.
The holiday season is the busiest time of the year for retailers in Canada. Black Friday sales are usually when people begin their holiday shopping.
During the holiday season, it’s easy to get caught up in the excitement and emotion of the season. The sounds of holiday music, the pretty store windows, and the allure of flashy red sale signs can encourage all of us to overspend. So, it’s important to follow money-saving tips to avoid cutting into your essential spending needs. And when you carefully manage your spending, you’ll avoid the blues that hit when your credit card bills arrive in January.
In 2023, Black Friday sales occur on Friday, November 24. However, many retailers start launching early sales. So, you may want to watch out for these sales to avoid stock issues.
Cyber Monday takes place on Monday, November 27, 2023. For this event, online retailers promote one-day deals to get people excited. However, as you can see Black Friday sales start before the event, Cyber Monday sales can extend for the rest of the week.
To get the best of the Black Friday sales in Canada, you have to be wise about your shopping approach. These tips can help you get the best deals and manage your spending. And, with inflationary pressures facing many Canadians, it’s important to avoid overspending.
It’s a great feeling to show your family and friends that you love them with thoughtful gifts. But, creating a holiday budget and tracking your spending is important to help you save money. When you budget, it’s easier to keep your spending under control. While giving gifts during the holiday season feels good, it’s important to remember how much you need to spend on other essentials such as rent and utility bills.
To avoid overspending and impulse buying, decide how much you can reasonably spend without racking up your credit. When you set an upper limit on how much you can spend, it will be easier to avoid caving in and impulse buying. You’ll appreciate this discipline in January when your credit card bill arrives!
Retailers often attract shoppers with loss leaders. This is a pricing strategy where retailers sell popular items at a loss to attract customers. While shopping, customers are likely to buy other items and increase sales of other items that are more profitable for the retailer. So, be prepared to show spending discipline. That discounted TV is only a great deal if you avoid spending hundreds of dollars on extra purchases that you may not need.
When buying big-ticket items, retailers may pressure you to buy an extended warranty. Find out what the warranty period is on the product, and whether or not your credit card company provides purchase protection. Extended warranties will increase your costs.
Don’t forget to track your spending. Without tracking, you’ll quickly overspend your budget. To track your spending, consider using online budgeting tools, or create a simple spreadsheet. Your shopping budget will help you avoid overspending on Black Friday or Cyber Monday sales events.
While you’re shopping at your favourite store you may be enticed to sign up for a retail credit card. Because in many cases, the retailer will offer you an additional discount just for signing up. However, retail credit cards usually come with higher interest rates. For example, a typical credit card can have an interest rate of 19.99%. However, a retail credit card interest rate can be as high as 30%. And with inflation remaining at an all-time high in Canada, credit card purchases can get very costly.
So unless you pay off your store credit card in full each month, you will pay more in credit card interest than your savings on those Black Friday sale purchases.
If you’re a newcomer, it’s important to build a good credit history, especially if you want to make a major purchase such as buying a home or a car in the future. However, according to CreditCardsCanada.ca, store credit cards carry less weight than standard credit cards on your credit score.
Join us for an insightful webinar designed to help you navigate the various routes to owning a home in Canada. Whether you’re looking to buy your first home through a traditional mortgage, exploring co-ownership opportunities, or interested in rent-to-own solutions, this webinar will provide the information and tools you need to make informed decisions.
REGISTER FOR THE WEBINARDo some comparison shopping before you hit the stores and pull out your wallet. Ask yourself if you can buy the same product at a lower price elsewhere. Not only will buying at a lower price save you money, but many retailers also offer the lowest price match.
Most Canadian retailers have price-matching policies. For example, if you find a lower price for the same product, retailers may:
Make sure to keep your receipts to take advantage of price-matching offers after your purchase. It’s worth the effort to shop around for the lowest price. However, retailers often have rules attached to their price match policy. For example, the product:
Also, a price match may not apply to limited-time or quantity promotions. So be sure to ask the store about their price-match policy, or read the fine print on their store receipt.
Another way to stretch your budget and save money is to use websites and apps to track prices leading up to Black Friday sales in Canada. That way you can see if the sale price is as great as it seems. Websites such as Google Shopping, PriceBat.ca (electronics), and Shopbot.ca allow you to compare retail prices all in one place.
Many retailers also have their shopping apps that allow you to shop online for deals.
Credit card reward and store loyalty programs are very popular in Canada. So, if you have rewards from your credit card provider or favourite store, the holidays may be a great time to use them. And if you’re a member of a store loyalty program you may even get Black Friday shopping alerts with access to coupons or other promotions such as free shipping. Some loyalty programs may offer extra deals on Black Friday.
While you can find Black Friday sales in Canada before November 24th, retailers announce their biggest deals usually around 12:01 am on Black Friday morning. Many brick-and-mortar stores will seal boxes and keep inventory in back rooms until November 24th to avoid disappointing shoppers if they are low on stock. This same approach applies to announcements for online deals on November 24th.
When you follow these Black Friday sales tips, you’ll stay on budget, and most importantly, reduce the stress that comes with holiday spending.nage your finances in Canada!
Whether you have recently immigrated to Canada, or you’re an international student these money management tips will help you build a foundation for financial success. From opening a bank account to filing your first income tax return, discover why these money tips for newcomers are important. Learn how you can carefully manage your money, especially during your first few months in Canada!
Obtaining a Social Insurance Number (SIN) is one of the first money management steps to take when you arrive in Canada. A SIN is vital because it allows you to work in Canada. Your SIN also gives you access to government programs and financial benefits that serve to put money back in your pocket. Ideally, you should apply for your SIN within your first week of arriving in Canada.
Your SIN is confidential and you need to carefully protect it to avoid things like identity theft and financial fraud.
Opening a bank account at a local bank will allow you to manage your finances better and avoid significant transfer fees from your accounts back home. Pick a bank close to your home or work for convenience, and, it is a good idea to set up online banking as well.
You can open chequing and savings accounts immediately and walk away with a debit card.
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Types of Bank Accounts to Save for Your Future
Credit is an essential part of your financial success in Canada. You will need a good credit history to get a loan or a mortgage, and sometimes to rent a home or obtain a job. With a good credit history, you may be able to obtain lower interest rates on loans for large purchases such as buying a car, or your first home in Canada. Lower interest rates can save you thousands of dollars over the term of the loan.
Getting a credit card in Canada requires either a previous credit history or a deposit that will protect the lender in case you fail to pay your bill. This is also known as a secured credit card. A credit card may also come with incentives such as travel rewards, cash back on purchases, air miles, or a welcome bonus for newcomers. However, you’ll still have to practice good money management habits with a credit card. Things like charging more than 30% of your credit limit can damage your credit score and work against you financially.
You can apply for provincial health insurance for yourself and your family as soon as you arrive. Application forms are available at immigrant settlement agencies, doctor’s offices, hospitals, and pharmacies. In some provinces such as British Columbia, Quebec, and New Brunswick, you may have to wait up to three months before you can access the provincial health insurance plan. During the waiting period, you may want to purchase private health insurance to protect yourself from unexpected medical expenses. Learn more about insurance for newcomers in Canada.
If you live in Canada for even a short portion of the current tax year, it’s vital to file an income tax return. Doing so will allow you to access benefits that put money back in your pocket. For example, you may be eligible for the Canada Child Benefit, the Goods and Service Tax (GST) benefit, and many other benefits. If you need help filing your first income tax return, settlement agencies can help you get started.
A vital money management tip, especially during your first few months in Canada, is to assess your monthly expenses and spend wisely. Until you find a full-time job, your finances will be unstable. While exploring your new city, take a tour of the nearby supermarkets to get an idea of prices for basic items. Also, be sure to locate discount supermarkets for cost savings that can help you manage your money.
Compare different cell phone and internet provider plans and special offers. And, be sure you understand any contract requirements before you sign it. Ask the provider to explain unclear details and do not feel pressure to sign the contract until you are ready.
There are several free online budget trackers, such as this money finder calculator to help with money management.
No doubt, you researched living costs before you arrived in Canada. But, when in Canada, you’ll know the actual costs of rent, utilities, insurance, and other expenses. A budget that tracks your income and expenses will identify where you are spending your money and give you greater financial control. Your rent is likely to be the largest portion of your monthly budget.
While it is tempting to start your new life with shiny new items, it is not always financially smart. Visit free websites such as Kijiji.ca or Facebook Marketplace for free or low-cost items. Immigrant settlement organizations can direct you to places where you can access furniture donations. In large buildings, renters who move out often place ads to sell their furniture at affordable prices.
Checking out garage sales and yard sales is a national pastime in Canada! This cost-saving money tip can save you money on household items and other goods. Also, library cards are free and allow you to borrow books and save on entertainment. Everywhere you look, you’ll find opportunities to manage your money and reduce costs, you just need to take advantage of them.
Get into the habit of shopping wisely! Use coupons, avoid customer traps such as extended warranties, apply for customer loyalty cards at major stores, and resist the lure of special offers on items you don’t need. Explore neighbourhood produce and butcher shops because sometimes they offer lower prices.
Often, newcomers experience a state of excitement similar to that of tourists on holiday. While it is fine to enjoy your first weeks in Canada, the reality is that you are not on holiday, so avoid spending like you are. A new start in Canada is a great chance to develop good money management habits and get rid of bad ones. Whether it’s sticking to a budget, or paying your bills on time, now’s the time to start fresh and manage your money wisely.
These financial tips will help you manage your money, lower stress, and build a strong financial foundation in Canada.
It feels great to get to get your first job offer in Canada, especially if you have been job searching for a while. And, it’s helpful to gain Canadian work experience! However, it’s important to make thoughtful decisions when facing a job offer that may not be a fit. You may want to refuse a job offer for several reasons. For example, the job may not align with your long-term goals or the organizational culture doesn’t align with your values. Navigating the job market can be challenging, but when you understand when and how to refuse a job offer in Canada, you’ll make smart career decisions. Keep reading to gain insights on how to politely decline a job offer. When you refuse a job the right way, you’ll maintain professional relationships, and leave the door open for future opportunities!
Accepting a job offer in Canada is exciting and it allows you to start a new chapter in your professional life. However, it’s equally important to recognize that not all job offers will be a perfect fit for you. Making the right decision and knowing when to refuse a job offer can save you from potential disappointment and ensure that your career remains on the right track. Or, you may need a survival job, especially in the first few months after you arrive in Canada. Only you can decide the best approach for your unique needs.
When you receive a job offer, you need to assess whether the role aligns with your long-term goals and aspirations. Signs that indicate you may want to refuse the job offer include:
By recognizing these signs to refuse a job offer, you can make an informed decision that will benefit your career in the long run.
Before you decline a job offer, consider these factors that may influence your decision. Ask yourself if the offer aligns with your career goals, values, and personal circumstances. Evaluate the company’s reputation, financial stability, and growth potential. Additionally, consider the location, work-life balance, and potential for skill development. By carefully weighing these factors, you can make an informed decision that supports your professional growth and satisfaction.
Consider if the job matches your skillset. If you think the job may be too challenging, you might want to think twice before you accept the job offer. If the role is too challenging, it may cause undue stress. However, if the company wants to hire you, they must be confident in your ability and qualifications for the role. So, take a second look at yourself to see if you are up for the challenge. You may surprise yourself!
If you are overqualified for the role, then you may be dissatisfied with the role and you may want to leave after a shortperiode. Only you will know how to best handle this situation and a job that is too easy is better than a job that leaves you frazzled at the end of the day.
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Before outright refusing a job offer, carefully review the job terms in the offer letter. Perhaps your job title doesn’t match your experience. Or, you would higher pay. You may be able to negotiate your salary or other aspects of the job offer such as benefits, or work hours. If the company is open to negotiating the terms, it may be possible to find a compromise that meets your needs. Additionally, it’s worth considering if other positions within the company may be a better fit for your skills and career goals. By exploring these alternatives, you can potentially turn a less-than-ideal offer into an opportunity that aligns more closely with your career goals.
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Tactfully declining a job offer is essential to maintain professional relationships and leave the door open for future opportunities. Start by expressing your gratitude for the offer and the time and effort invested in the interview process. Be honest about your reasons for declining and focus on the factors that do not align with your long-term goals or values.
Keep the conversation positive and professional. By politely declining a job offer, you’ll demonstrate a professional image and leave the door open for future possibilities. Use professional language and maintain a respectful tone throughout the conversation.
Keep in mind that the job market is a small world, and maintaining positive relationships can benefit you in the future. Leave the employer with a lasting positive impression! If appropriate, offer to stay in touch and express your interest in future opportunities.
If you find yourself unsure about whether to refuse a job, seeking professional advice can provide valuable insights. Reach out to mentors, career coaches, or industry professionals who can offer guidance based on their experience and expertise. Many settlement agencies in Canada offer job search services. Settlement counsellors can help you assess the offer and provide objective perspectives to help you make an informed decision. By seeking advice, you can gain clarity and confidence about your decision.
Navigating the Canadian job market can be challenging. When you understand when and how to refuse a job offer, you’ll make the right decisions so you can successfully achieve your career goals. It’s vital to assess signs that indicate you may want to decline the job offer. Consider the factors that may influence your decision, and handle the process with professionalism and effective communication. Seek professional advice when needed, and make it a priority to make the best decision for a fulfilling career journey in Canada.
With rising rental costs, finding affordable housing in Canada can be challenging. For newcomers, this can be a frustrating obstacle to overcome, especially in your first few weeks and months in a new country. In this article, we outline practical solutions to help you stay within your affordability range. With patience and persistence, you will discover options that can help you save money for accommodation in Canada without compromising comfort and quality.
Facing a declining supply of rental housing, especially in major cities like Toronto and Vancouver, costs for rental accommodation are rising at unprecedented rates. According to recent rental statistics from Rentals.ca, average asking rents reached a record high of $2,117 in August 2023. This makes it difficult to find and budget for high rental costs. However, there are still affordable housing options available across the country.
Affordability is based on the proportion of your income that you pay for housing. An affordable home will require a smaller proportion of income, while an unaffordable one is larger, for example, greater than 30% of your before-tax household income.
Affordable housing is a broad term that includes housing that the private, public, and non-profit sectors provide. It also includes all forms of housing such as rental, ownership, and temporary and permanent housing.
According to Aled ab lorwerth, Deputy Chief Economist, Canada Mortgage and Housing Corporation, Canada needs to dramatically increase the supply of housing to restore affordability by 2030.
In the meantime, the Canadian government is making efforts to address the issue of affordable housing. They have implemented various programs and initiatives to help individuals and families find affordable accommodation.
Renting is a popular option for individuals and families seeking affordable housing in Canada. In fact, Statistics Canada reveals that about one-third of Canadian households rent their residence. Keeping in mind that rental prices vary depending on the type of housing, location, size, and condition of the property, here are some tips to find affordable rental options:
Consider searching for rental properties in areas that are undergoing revitalization. These areas may offer lower rent prices compared to more established neighbourhoods.
Incentives, especially like utilities included in your monthly rent can lower your housing costs by a large amount.
These are examples of rental listings in cities across Canada that cover utilities such as heat, water, and electricity (using the “Utilities” filter.)
Another option to consider is sharing a rental property with others. This can often lead to lower rent prices compared to traditional rental properties. And, for newcomers, home-sharing can be a great way to ease financial pressures, expand your social network, and add to your quality of life!
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Affordability in major cities where the vacancy rates fall below 2 percent, like Toronto, and Vancouver, can be out of reach for many individuals. And, for newcomers trying to achieve financial stability in Canada, securing affordable housing is even more important. However, there are still options if you want to live in these cities without breaking the bank.
One option to consider is micro-apartments or micro-condos. These smaller living spaces are becoming increasingly popular in major cities as a way to provide affordable housing options. While they may have a smaller footprint, they often come with amenities and innovative design features to maximize space.
Another option to explore is purpose-built rental buildings. These buildings are specifically designed for rental purposes and often offer more affordable rent prices compared to privately owned properties. Professional property management companies usually manage purpose-built rental buildings ensuring quality and affordability.
Finding affordable housing can be a challenging and time-consuming process. However, with the right strategies and resources, you can increase your chances of securing an affordable home. Here are some tips to help you in your search:
Facing a shortage of affordable housing, it’s important to start your search well in advance. Give yourself plenty of time to explore different neighbourhoods and visit properties. Another challenge you may face is that you’re likely competing with many others in the market for affordable housing. In this case, choice properties may be off the market quickly.
In cities with tight rental markets with low vacancy rates, you will be competing with many others in the market for affordable housing. In this case, you need to ‘sell yourself’ as the best possible candidate for the landlord to select.
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There are several rental websites and online platforms to help you search for rental properties that meet your affordability price range. And, you can filter your search by price range for greater search ease.
Reach out to friends, family, and colleagues who may be able to recommend affordable housing options. People in your network may know of future vacancies that are within your budget and are not yet listed on rental websites.
Flexibility is key when searching for affordable housing. Consider compromising on certain amenities or locations to find a more affordable option. Keep an open mind and be willing to explore different possibilities, including basement apartments.
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If you’re feeling overwhelmed or unsure about the process, consider seeking assistance from professionals such as real estate agents who can guide and support you throughout your search.
Smaller cities that surround major cities may offer more affordable housing and provide easy access to amenities and public transit. For example, you can explore smaller cities within the Greater Toronto Area (GTA) such as:
With the rise of remote work and flexible schedules, living outside the city center is becoming a viable option for many individuals and families.
While the challenges of finding affordable housing in Canada may seem daunting, solutions and options are available. Remember, finding affordable housing requires persistence and patience. Don’t be discouraged if it takes time to find the perfect fit. By using the available resources, you can increase your chances of finding suitable housing that is within your budget.
The Canada Job Bank is a vital tool to research your profession or trade in Canada. This Government of Canada resource allows you to search for jobs in your field and apply for them online. Canada Job Bank is a great tool for newcomers before and after arrival. Researching your profession before you arrive will help you understand job requirements so you can continue your career. Canada Job Bank will help you do just that. It provides detailed information for each career in Canada to help you develop your job search approach.
Canada Job Bank can provide insightful information about your career in Canada based on your:
With this in mind, let’s discover how to use Canada Job Bank and kickstart your dream career in Canada!
Moving to a new country is a major life decision. While it can be a thrilling and exciting experience, you may also feel uncertain. You may be thinking:
These are important questions to consider before you move to Canada. The answer to these questions for your field will help make your transition into Canada’s workforce easier. By researching, you can determine how and where to continue your career successfully.
Because the labour market in Canada varies, you need to know how your job skills align with the labour market needs. For example, locating in the Atlantic region of Canada when you have experience in the oil and gas sector wouldn’t be wise. Instead, you would want to consider Alberta, where there is a strong oil and gas sector.
Ideally, you want to identify the provinces and cities with a demand for your profession, skills, and experience. Fortunately, the Canada Job Bank can provide the information you need to make important career decisions.
The Job Bank is a useful tool to conduct research related to your profession or trade in Canada and apply for jobs for which you are qualified. This portal provides vital labour market information that allows you to:
Canada Job Bank is a free resource that the Government of Canada manages in partnership with provinces and territories. You’ll discover that both the website and mobile app are simple to use, convenient, and provide information that you can trust. Canada Job Bank can help you find jobs in your field and plan your career using its thorough research tool. As someone looking to continue their professional journey in Canada, the Job Bank is the perfect place to start.
The trend analysis section of the Canada Job Bank is filled with useful information about job prospects all across Canada. You can also find a 10-year analysis for your occupation. So if you’re researching the Canadian job market, this is a helpful resource to learn about your occupation. With this information, you can:
Identify the job prospects for your industry (good, fair, limited, undetermined)
When researching the trends, consider these questions:
Another useful section of the Canada Job Bank is the wage information. You can find the average wages per hour for your occupation, including the following:
This information can help you identify what you can expect to earn in Canada. For example, some sectors, such as technology, generate high incomes. It’s a high-wage sector that also attracts highly skilled immigrants. However, when considering average wages, it’s also important to consider the cost of living and housing affordability versus salaries.
For example, British Columbia has a strong technology sector. And while technology wages are high, so is the cost of living and housing in Vancouver, BC. So when choosing a city to locate, it’s helpful to consider the cost of living versus average wages.
You may want to explore job prospects in a small or medium-sized city. While the average wages may be lower, you’ll likely discover it’s more affordable than a larger city such as Vancouver or Toronto. Rentals for Newcomers is a practical and easy-to-navigate site to help you find housing and make an easier transition to life in Canada! And you can even determine the average cost of renting in each city. This is helpful since rental prices change often.
Answering these questions can help you decide how you want to move forward. Many newcomers get other certifications or take a new course for credential recognition. This will help you transition better into the Canadian labour market. And if you strategically get the correct certifications, you will ultimately get paid more.
By understanding the trends in your profession and accounting for wages, you can make an informed decision about your next step.
With more than 80,000 jobs listed on the job bank, you can browse jobs based on:
The Canada Job Bank search tool is helpful if you are in Canada and ready to work. This is because employers want to fill job vacancies as quickly as possible.
If you are still in your home country, you can apply for Canada Job Bank jobs before you arrive. The Job Bank services and tools are available to help job seekers find employment opportunities Canada-wide, regardless of citizenship or immigration status. However, some jobs require Canadian citizenship, permanent residency, or a work permit visa. You must carefully review the job description to ensure you meet the immigration requirements before you apply.
In any case, the job bank search tool can give you an idea of the types of jobs available, job duties, and requirements, including:
This information can help you assess if you have the skills employers require.
You can also browse job boards and read the job postings for your profession. Note the types of skills and experience that Canadian employers seek. Assess whether or not you possess similar skills and experience. If you have any skills gaps, make a plan to close or narrow the gap if possible.
Researching the Canadian job market is essential to ensuring a strong job market for your profession, skillset, education, and experience. A good place to start is with the Canada Job Bank to research your profession and apply for jobs where you meet the requirements.
For newcomers, carefully managing your finances is vital especially if you have not yet landed your ideal job. Settlement agencies suggest it can take up to six months to land a job that matches your skills and experiences. In the meantime, carefully managing your budget can reduce stress and financial pressure. Managing your finances will also help you build your Canadian credit history and influence your credit score.
Here, we’ll explore how to create a budget for some of your main expenses in Canada.
So where to start, which is essential to achieving future loans! You need to establish your Canadian credit history because it will be important for many reasons including buying your first home.
An important guiding principle is not how much you earn, but how much you spend. Many Canadians carry too much debt, trying to “keep up with the neighbours”, in other words, buying everything from cars to electronics, even if they can’t afford it. Overspending can catch you in a trap that you want to avoid.
To manage your personal finances, start by preparing a budget with basic expenses like rent and utilities in mind. The cost of living in Canadian cities can vary. Large cities like Toronto and Vancouver are sought-after because they offer the most job opportunities, however, they are also more expensive.
Here are some of the basic expenses to consider when creating your budget:
Housing costs will be the largest monthly expense. Newcomers often rent an apartment when they first arrive in Canada and prices vary depending on the city. Typically, prices for a one-bedroom apartment can range from $700 to $2,500 per month depending on the city.
Before you rent an apartment, visit the building to ensure it’s the right place for you. Determine if it meets your needs and is close to shops, work, and public transit.
Rentals for Newcomers site is a practical and easy-to-navigate site that can help you find housing that meets your unique needs! You can even determine the average costs of rentals in cities across Canada. This is helpful since rental prices change often. You’ll also find helpful articles to help you with your housing search.
Join us for an eye-opening session on how to build your financial future in Canada with confidence. This free webinar is hosted in partnership with Scotiabank, a trusted leader in newcomer banking. Together, we’ll guide you through how the Canadian banking system works and share free tools and strategies to help you plan, save, and invest wisely as a newcomer.
REGISTER FOR THE WEBINARYou will need to budget for the cost of utilities such as electricity (hydro), heating, telephone, cable, and internet. Some apartments include heating and hydro costs in the rent. If you have to pay for electricity, you can ask the landlord what you expect to pay every month. But, your bill will also depend on usage and time of day.
For utilities like internet, cable, and telephone, the best option is to shop for bundles (combined service plans) from different telecom providers in your area. A bundle can cost anywhere between $100 – $150 per month. Or, check out streaming services that are less expensive than cable television.
Cell phone plans range from $15 per month to more than $150, depending on the number of free minutes and text messages and the data usage limits. Voicemail activation usually costs extra. You can start with a basic plan and upgrade according to your needs.
While not a bill per se, the cost of doing laundry will be similar from one month to the next. Apartment buildings come with laundry rooms with coin or card-operated washing machines. A washing cycle costs between $2.25 and $3.50 depending on the length, and a dryer cycle is similar.
Even if you are renting, it’s a good idea to purchase renter’s insurance to protect you against damage and theft. The insurance can cost up to a few hundred dollars a year.
Depending on your province, you may also have to pay health insurance premiums, which vary by province and according to the size of your family. You will also need to factor in the premiums for any private health insurance you may buy.
Public transit is probably the most affordable means of travel. All cities offer affordable travel options such as buses, trains, subways, light-rail trains, and streetcars. A monthly transit pass can cost anywhere between $70 to more than $150 depending on the city and the number of travel routes. In large cities, such as Toronto, the public transit system covers the Greater Toronto Area, and you can easily transfer from one mode of transit to another.
To use public transit, you can purchase individual tickets starting at $3.50, but you can use a transfer at the start of your destination to transfer to different transit modes. In other words, you only have to pay once at the start of your destination. You can also buy transit passes that allow unlimited transit use for a period. Some cities offer an electric fare payment system that allows you to load money onto a card to make travelling easier and at a discounted fare.
You can find specific fare information about public transit in your city by visiting the website of your city government, or the public transit system.
The cost of your food bill will depend largely on your diet, personal standards, and where you live. The stores and supermarkets in popular posh areas are more expensive and will offer more high-quality gourmet and organic products, while cheaper areas will have more low-cost options. Food can set you back anywhere from $100 per week for a single person to several hundred. Cooking at home and planning your meals will balance cost and nutrition.
Personal care items and other supplies can start at $2 at dollar stores, but you may have to compromise on quality. Supermarkets have store brands that are usually cheaper than name brands and, in many cases, of comparable quality.
Again, your personal preferences will determine your clothing budget. You should bring quality items that will last you because clothes shopping is best kept until you find employment. You can pay anywhere from a few dollars for clothing at a cheap retailer or a thrift (second-hand) store to hundreds and even thousands at high-end designer stores.
Movie tickets can cost $10 to $15 depending on the movie and the time of day. Most theatre tickets usually start at $20, and concerts of popular performers can cost well over $100. You can take advantage of local libraries to borrow DVDs and look for community theatres with free performances or performances by donation. It’s important to budget for entertainment, but this may be a personal finance area that you can cut back on if necessary.
Big cities offer great variety and cultural cuisine, so you may want to treat yourself and your family to occasional restaurant outings. The costs can be anywhere from $10 per person at fast-food restaurants, to more than $50 per person at an average restaurant. People usually tip between 15 – 20% of the bill when eating at a restaurant.
Staying fit and healthy should always be a priority. Some rental buildings come with gyms and the price may be very low or included in the rent. If you plan to join a gym, always read the fine print. The monthly cost is usually $60 to $100, but most gyms charge introductory fees and substantial cancellation fees.
Personal care costs also cover the range from basic to luxury. Expect to pay at least $25 for a simple haircut (plus tip) and anywhere from $50 to $70 for a manicure.
If you’ve recently arrived in Canada, managing your personal finances carefully will help you reduce financial stress until you find your first job. And, the strong personal finance habits you follow during your first year in Canada will help you to achieve many of your long-term financial goals.