Since you’re planning on immigrating to Canada, here’s a step by step guide on how to go about it. Remember to check the CIC website for latest updates and news, changes to immigration policy and procedures. Step 1: Visit Canada As an applicant, the first thing you need to do is to learn more about the nation you’re planning to immigrate to, so research more information about Canada, learn about its current capital, its geography, its history and even its politics. Yes, while the advice may seem trite, the fact is you’re planning on relocating to another country permanently and you need to do some grunt work, find out if it is a viable option and learn more the opportunities, job market, processes, etc. If you thought of Canada as an extension of northern US, you could not be more wrong. For Canada is unique in nearly every aspect, with each territory having its own unique markup. A better option would be to visit Canada and visit some of the territories like Nova Scotia, Quebec, Ontario or Vancouver or any other part of Canada that gets your interest. And as a prospective immigrant, you may want to play close attention to the job market, since you would need a valid job offer in order to be invited to apply for Canadian changeless living arrangement (our adaptation of a Green Card). Step 2: Research, research, research Once you have figured out which area or territory you would like to relocate to, you may want to pay attention to the immigration process and find out more about their requirements. Each territory is distinct from the other in the sense they have their own set of requirements, processes, and of course, there’s the cost of living which varies widely from one territory to the other. For example Quebec may have more of a demand for fusion cooks than say Ontario, and childcare could cost as little as $7 every day where as in Ontario it could cost anywhere around $1,800 a month. Step 3: Find out more about savings, investment plans and tax In the event that you’re about to relocate permanently to Canada, you need to learn more about the tax that Canada levies on its citizens, how much you would be expected to pay and if there are any savings or investment options you can opt for, similar to the US US 401k or an IRA account. For example, Canada has the registered retirement savings plan or RSSP, where you can invest in safely or you can opt for a Tax free savings account, TFSP. However, you may want to remember that when you migrate to Canada and withdraw assets from your country of Origin, be it the US or India, your assets may be liable to be assessed in both countries. This is especially true when it comes to any investments you may have made in federal savings programs or special retirement funds like the IRA, Roth or the Indian Post office savings scheme. Remember to check and see if you can convert any of your earlier investment plans, into TFSP or RSSP without any additional charges, in which case you would not be liable for taxation since you are re-investing the same. And on arriving in Canada, you can apply for the Canada pension Plan or the QPP or the Quebec pension plan and get a FICO assessment done as well, in case you need to apply for a home loan or a credit card. Step 4: Why the right job matters As an applicant, you can apply for the express entry pool without securing a valid job offer but it is always a good idea to get one before you apply as it will help improve your CRS score. Before companies can hire you, they would need a Labor market impact assessment done, to make sure that there is a need to hire an overseas worker. A positive LIMA score is what the immigration authorities would be looking for, when assessing your application. When applying for the express entry pool, you may want to pay close attention to some of the occupations listed in the occupations list, which you can access at the CIC website. Step 5: Apply for the Express Entry Pool The express entry program is designed to reward successful applicants with an ITA, while ensuring that only the top contenders are allowed into Canada. You would be required to register and update your profile with all relevant information. This information is made available to Canadian companies, managers, and federal officials. Once you’re picked and invited to apply, you are mandated to complete your application within sixty days and no extensions are allowed. Step 6: Business stream choices If you are an entrepreneur or a businessman and have about $500,000 or more in individual resources, you can apply for the Quebec Immigrant Investor Program (QIIP) or the Quebec Entrepreneur Program (QEP) as a high net worth Individual. There are similar federal programs, for each territory and more information on the same can be obtained from the CIC website.
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