According to IRCC, proof of a student or educational loan from a financial institution can be used as proof of funds to apply for a study permit to study in Canada! Can we take loan for proof of funds? No. Loan is a liability. Your bank statement will clearly reflect that as a credit from […]
Category: Canada
Where Should I Convert Currency From Us To Canada?
The best places for you to exchange your money are banks, post offices, border crossings and American Express locations. The worst places that you can exchange your money are airports, train stations and tourist areas. Should I exchange money before I travel to Canada? Exchanging money in advance is not necessary. In fact, most places […]
Who Has More Rights Canada Or Usa?
Canada is outranking the United States when it comes to personal, civil and economic freedoms, according to a new Fraser Institute report. The Human Freedom Index, released Tuesday by the public policy research group, shows Canada ranks sixth, while the U.S. lies many spots back at 20th position. Does Canada have same rights as US? […]
What Is Canada’S Immigration Policy 2022?
In the 2022–2024 Immigration Levels Plan, Canada aims to welcome from 360,000 to 445,000 new permanent residents in 2022, from 380,000 to 465,000 in 2023, and 390,000 to 475,000 in 2024. What is new immigration policy of Canada? The Government is continuing that ambition by setting targets in the new levels plan of 465,000 permanent […]
Can I Get A Mortgage In Canada If I Work Abroad?
“Can I get a mortgage to purchase a home in Canada if I work and earn my income abroad in a foreign country?” Under Canada’s standard mortgage qualifying rules, lenders require that foreign income show up on the borrower’s T1-General tax return for 1-2 years running. Can I buy a house in Canada with foreign […]
Who Are The Biggest Immigrants In Canada?
For the first time, India took the top spot as the primary place of birth of new immigrants to Canada (18.6% of recent immigrants from 2016 to 2021), followed by the Philippines (11.4%) and China (8.9%). Where do most immigrants in Canada come from? Census data from 2021 shows that migrants from India, the Philippines […]
How Much Is Property Tax In Canada?
0.5% to 2.5%. Canadian property tax rates Typically, this number falls between the range of 0.5% to 2.5%. Note that the size of your property, what you paid for it, and your income play no role in how much you will pay in property taxes. How are property taxes calculated in Canada? How are property […]
Who Qualifies For Dual Citizenship In Canada?
Eligibility be a permanent resident. have lived in Canada for 3 out of the last 5 years. have filed your taxes, if you need to. pass a citizenship test. prove your language skills. What makes someone eligible for dual citizenship? For example, a child born in a foreign country to U.S. national parents may be […]
Why Does Chicken Cost So Much In Canada?
The reason milk, cheese and butter (and poultry and eggs) are so expensive in Canada is simple: supply management. That’s the system where producers pay thousands of dollars to acquire a permit for the right to operate. Is chicken more expensive in Canada? In fact, when comparing our prices on the world stage, chicken is […]
What Things Are Only Found In Canada?
12 niche things only Canadians would know Zellers. Once upon a time there was Zellers. Ketchup Chips. Canadians have unique taste, and that includes chip flavours. Maple Taffy. Canadian Tire Money. Chesterfield. We have the best snacks. President’s Choice. Swiss Chalet. What is only found in Canada? Canada has many wonders exclusive to our borders.20 […]