Moving to Canada

Moving To Canada

Once you are ready to move to Canada you should take some time to get your finances ready for payments you may need to make or searching for living quarters. If you plan to take a mortgage loan, then you need to get your credit history and score in order or find the house that fits your need and figure out your purchasing budget, or location. You also need to understand what types of taxes you’ll be facing in different situations.

House Hunting

Once you have decided to make Canada your home there is something very important that you must do, which is to find a suitable accommodation. In Canada, the 5 most common types of homes you can buy are:

  • Condominiums
    These complexes, also known as condo’s, often have various extras like a gym or a pool. The complexes are always owned by the developer and sold on a leasehold base. Condominiums are very popular amongst foreign investors because rental returns are positive and it is the quickest way to buy property.
  • Townhouses
    They provide for little to no land outside of the unit and usually consist of one to three bedrooms.
  • Semi-detached homes
    Semi-detached houses are usually found in rural areas and are perfect for families. These homes have the best of both worlds: the convenience of the city and the enjoyment of small communities. Another advantage is that these homes often have a garage and space for car parking.
  • Single/Detached homes
    Detached houses are popular with families because they are located in rural areas and are surrounded by their own land.
  • Duplex/Triplex homes
    Refers to a double unit that can at times be positioned vertically or horizontally and often have a garden.

Did You Know?

  • The average price of a residential dwelling across the country was MYR 404,835 in the third quarter of 2017.
  • The average rental price in Kuala Lumpur is RM 1,950.- per month in 2017.
  • Service apartments are becoming more and more popular. The majority of future supply in 2017 is built in Johor (99,531 units) and Kuala Lumpur (94,227 units).


There are many banks in Canada, each of which provide their own benefits and have their rules. Some of the more popular banks include:

Popular banks in Canada:

  • Bank of Montreal
  • Bank of Nova Scotia (Scotia bank)
  • Canadian Imperial Bank of Commerce (CIBC)
  • Royal Bank of Canada (RBC)
  • National Bank of Canada
  • Desjardins Group
  • HSBC Bank of Canada
  • Canadian Western Bank
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Opening a Bank Account

In Canada, you have the right open a bank account at a bank or a federally regulated credit union. Even a non-Canadian citizen may open a bank account in Canada as long as they show proper identification.

To open an account, you will usually need to:

  • Go to the bank or financial institution in person.
  • Provide an acceptable form of identification such as a Canadian driver’s license, your passport, your employment ID card and so on.


Once you are ready to buy a property you should take some time to get your finances ready for payment. If you plan to take a mortgage loan, then you need to get your credit history and score in order. As a newcomer to Canada, you may not have a credit history that the Canadian banks recognize. If that is the case, you should start getting a new credit history as early as possible. Speak with your banker about making a plan to start a credit history.

Once you have found a home you can make an “offer to purchase.” A real estate agent can help you in making this offer. If your offer is accepted, you will need to hire a lawyer or notary to transfer the property to your name.

Most home-buyers need a mortgage loan to purchase a property. You can get a mortgage form at a bank or other financial institutions, like credit unions, caisses populaire or insurance companies. The amount for a mortgage is the price of the home minus the amount of down payment. If the down payment is less than 20 per cent of the price of the property, you may need mortgage loan insurance. This protects the bank/financial institution if you can’t pay back the mortgage. It also lets you get a mortgage for a lower down payment and a lower interest rate.

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In Canada, the federal, provincial and municipal governments collect taxes from individuals and companies to help pay for various government programs and services, such as roads, public utilities, schools, and healthcare. The most common types of taxes you will find here are income tax, sales tax, property tax, and business taxes.

Income Tax

Income tax is collected by the Canada Revenue Agency (CRA). Each year, Canadian residents complete an income tax return on which they list their taxable income, deductions and tax credits to calculate how much tax they owe. The total income tax you have to pay depends on how much money you have earned in the past year, minus any deductions and credits. Taxable income includes employment income, rental income and money received through some government programs.

The first $46,605 of taxable income15%
On the next $46,603 of taxable income (on the portion of taxable income over 46,605 up to $93,208)20.5%
On the next $51,281 of taxable income (on the portion of taxable income over $93,208 up to $144,489)26%
On the next $61,353 of taxable income (on the portion of taxable income over 144,489 up to $205,842)29%
All taxable income over $205,84233%

If you have an income of $100,000.00, you will pay:
46,605.00* 15%
(93,208.00 – 46,605.00) * 20.5%
(100,000 – 93,208.00) * 26%

Corporate Tax

In Canada, all resident corporations (except tax-exempt Crown corporations, Hutt rite colonies and registered charities) need to file a corporation income tax return every tax year. This includes:

  • Non-profit Organizations
  • Tax-exempt Corporations
  • Inactive Corporations

In some cases, non-resident corporations have to file a return as well. Most corporations can file their return electronically using the Internet. It is mandatory for certain corporations with annual gross revenues that exceed $1 million. The corporate tax rate In Canada is set at a flat rate of 26.5%.

Indirect Taxes

Indirect taxes are taxes that are levied on goods and services rather than on income or profits. These include provincial sales tax (PST), Harmonized sales tax (HST) and goods and services tax (GST) which is 5%.

Provincial Sales Tax (PST):

This is a provincial tax imposed on the consumers of most goods and particular services in some provinces. Four provinces currently have provincial sales tax, which they charge separately but in addition to the GST.

  • British Columbia with a 7% Provincial Sales Tax (PST)
  • Manitoba with an 8% Retail Sales Tax (RST)
  • Saskatchewan with a 6% Provincial Sales Tax (PST)
  • Quebec: 9.975% Quebec Sales Tax (QST)

Harmonized Sales Tax (HST):

This is used in provinces where both the federal goods and services tax (GST) and the regional provincial sales tax (PST) have been combined into a single value added sales tax. Five provinces impose HST in Canada.

  • New Brunswick with a 15% HST
  • Manitoba with an 8% Retail Sales Tax (RST)
  • Nova Scotia with a 15% HST
  • Ontario with a 13% HST
  • Prince Edward Island with a 15% HST

DTA Agreements

If you are the resident of one country and have income and gains from another, you may have to pay tax on the same income in both countries. This is called double taxation. Many countries have a DTA Agreement or a Double Taxation agreement with other countries to avoid or mitigate double taxation. Canada has DTA agreements with the following countries: LINK

Taking Pets

The Canadian Government has the right to refuse entry to any animal that does not meet its import requirements. The Canadian Food Inspection Agency (CFIA) requires documents for all animals and animal products entering Canada. Each type of animal has a different set of rules and regulations that must be abided by before entering the country. Be sure to show due diligence and research the requirements for any pet you may wish to bring, such as health certificates and other documents.

Certain animals like turtles or parrots may be listed under the Convention on International Trade in Endangered Species of Flora and Fauna (CITES) and may require a special permit to enter the country. Also, a few breeds of dogs have been banned in some territories and provinces, for example, The American Staffordshire Terrier, Pit Bull Terrier, American Pit Bull Terrier, and Staffordshire Bull Terrier and their crosses are banned from entering or transiting the province of Ontario. Make sure to find out whether your pet is allowed to enter a particular territory or province.

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Moving Guide

Moving Guide Featured Image

One of the biggest steps you will take is moving all your valuables from your home country to your new home in Canada. Try to find the safest and most credible manner of transporting your goods and adhere to the customs laws of the country.

Your international movers will safeguard your belongings and deliver on time, with a minimum of fuss. They’ll do the hard work, packing and wrapping your precious belongings into a container and will safely deliver it to your new destination.

It’s important to find a reputable moving company, especially when your belongings are being sent halfway around the world. You can do this by keeping an eye out for your mover’s accreditations and by choosing a company where they carry the FAIM logo; the highest quality assurance standard recognized internationally. Routine audits are performed to ensure quality standards are upheld.

Avoid packing items that will be confiscated or hold up your goods in quarantine unnecessarily. Items that are forbidden:

  • Knives and daggers
  • Goods that look like syringes
  • Counterfeit money
  • Cloth with prints or duplicates of verses from the Quran
  • Anything that is unsuited with peace or is prejudicial to Malaysia’s interests
  • Some forms of liquor
  • Pens and pencils
  • Indecent or pornographic material of any description
  • Chemicals that are poisonous
  • Radio receivers capable of reading the ranges(68-87) MHz and (108-174) MHz
  • Sodium arsenate
  • Drugs: With possible sentence of death when you do import this.

Currency Exchange

The currency exchange rate is always changing; however, we will be giving an estimate for some currency exchange to give you a better idea of the value of the Canadian dollar..

This is the exchange rate for the Canadian Dollar as of Oct 22, 2018 04:43 UTC:

  • GBP 584.30 = CAD 1000
  • USD 763.74 = CAD 1000
  • SGD 1,051.39 = CAD 1000
  • AUD 1,074.49 = CAD 1000
  • EUR 663.26 = CAD 1000
  • MYR 3,175.95 = CAD 1000
  • AED 2,804.83 = CAD 1000
  • PHP 41,001.07 = CAD 1000


Find the right Visa

There are a lot of different work visas in Canada and you have to make sure that you choose the right one. Depending on your citizenship or the economic program you use, you can sometimes enter Canada without a job offer. To find out what visa to take, you need to find the right visa for you.

To get you started; here are the three most popular visas:

  • The Federal Skilled Worker Program
  • The Federal Skilled Trades Program
  • The IEC Program

Knowing that you’re suitable to apply for any Canadian Visa is a crucial step in completing your immigration. Taking any of these assessments can allow you to know whether you meet the requirements to apply for your selected work visa or not.

The procedure of getting a visa goes as followed:

  • Visit CIC Website and create MyCIC Account
  • Have a camera / scanner so you can send your electronic copies of the documents as you would require uploading the same while applying online.
  • Have a valid credit card for the payment

Canada Permanent Residence

Canada Permanent Residence is granted to foreigners who immigrate to the country legally.  Permanent residents, of course, do have more rights than visitors, but not all the rights of a Canadian citizen since they are still residents of their own countries.

Permanent residents and their wards have certain rights and obligations:

  • the right to receive social benefits that Canadian citizens receive
  • the right to live, work or study anywhere in the country
  • the right to apply for Canadian citizenship
  • the obligation to pay taxes
  • the obligation to respect all Canadian laws at the federal and local level

However, there are certain restrictions associated with permanent residence. Permanent residents are not allowed to:

  • Vote or run for political office.
  • Work at certain institutions that require a high-level security clearance.
  • Remain in the country if they are convicted of a serious criminal offence and ordered to leave the country.

The Permanent Resident Card is a proof of legal status. New immigrants receive permanent residency card within four weeks of arriving in Canada. The Permanent Resident Card is valid for 5 years. Landed immigrants need it when they return to Canada after travelling abroad.