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Monthly Wrap: Things to consider when moving to Canada

currency-newsMonthly Wrap: Things to consider when moving to Canada
Known as the Great White North, Canada is 41 times the size of the UK, but with 28 million fewer people.

Whether you’re after an improved standard of living, incredible scenery, friendly and welcoming locals, or just a shared language, Canada can offer a perfect new life.

Regularly placing in top destinations for expats, Canada holds an undeniable charm for those who love the great outdoors as well as world-class cities and career options. Its three territories and ten provinces span from the Pacific coast to the Atlantic, with the Arctic Ocean to the north, Canada is the world’s second largest country.

If you’re looking for a fresh start and wondering how to emigrate to Canada, this guide will show you all the options available, whether you want to work in Canada, retire there, or even study.


Cost of living

Overall, Canada is more expensive than the UK and the US when it comes to living costs. But as with any big move, it is all down to where you want to live. The metropolitan cities of Vancouver and Toronto will of course be more expensive than its rural counterparts. But to counter that, wages tend to be on the higher side. And with such a jump in quality of living, the difference can be negligible.


Working in Canada

Canada offers three types of non-tourist visas. Ranging from long-term immigration programs to studying and working short-term in Canada, there are plenty of options to see if moving to Canada is for you. As with any visas, it’s always best to check out the latest government pages for up-to-date information.


Permanent Residence

Long-term immigration programs, including the most popular Express Entry visa, which is the pathway to residency. Also included is partnership and family sponsorship visas.


Work Permits

These include any limited or short-term work placements, allowing you to live and work in Canada for a short period of time, with options to extend to more permanent and long-term opportunities.


Study Permits

Studying in Canada can be a great way to experience life in Canada as well as providing the long-term opportunities to remain in Canada.


Retiring in Canada

Unfortunately, Canada does not offer a direct retirement visa route. Skilled workers or those able to contribute to the economy are of a higher priority. But there are still options available. If the above work visas are not right, there are plenty of business or investment opportunities.


Climate/Weather

With a country as big as Canada, the climate can vary drastically. Vancouver is one of the most moderate climates, with an average daily temperature of 18 degrees Celsius. Whereas Winnipeg is one of the coldest cities in Canada, where the thermostat rarely peaks above 0 degrees in the winter.


Where to live

With an exceptional quality of living, the hardest part of moving to Canada is choosing where to start your new life. With the sheer size of the Great White North, its expansive and unspoiled nature is in abundance. Wherever you decide to call home, you’ll never be far away from its natural wonder.  Here are some of the best cities that Canada offer.


Vancouver

Compared to most of Canada, Vancouver has much more temperate climate. Regularly ranked in top cities in the world to live for its quality of life, Vancouver as everything you need. Situated on the Pacific coast, surrounded by mountains and luscious national parks, Vancouver is as beautiful as it is diverse.


Toronto

Situated on Lake Ontario, Toronto is known as the ‘city of neighbourhoods’, the city boasts more than 240 districts to choose from and is a melting pot of immigrants and natives alike. Niagara Falls is barely a two-hour drive away, and equally as far from the US border. A truly diverse city, Toronto has everything you would want in a thriving metropolis.


Montreal

The French-infused city of Montreal isn’t just a cultural explosion of the arts, great food, and year-round festivals, but also boasts a prosperous IT and software industry. Montreal is also home to some of the most diverse architecture in Canada. With cobblestone streets reminiscent of Paris, to the magnificent Notre Dame Basilica from the Gothic Revival period.


Ottawa

The capital of Canada boasts a high average income, with plenty of skilled industries offering great career opportunities. A clean, diverse, and laid-back city to live, Ottawa also combines perfect city living with Victorian architecture, surrounded by pristine nature with the Ottawa river flowing through.


Saving money when moving to Canada

The process of moving to Canada from the UK or anywhere else can be a long, drawn-out process, but here at Currencies Direct, we can help alleviate some of the stress by helping you save money when transferring funds aboard.

As well as offering highly competitive interest rates and fee-free transfers, Currencies Direct can also provide a variety of additional services to help you maximise the returns when making an international transfer.

For instance with a Forward Contract you can fix an exchange rate for up to a year. While locking in a rate in this way would mean you'd miss out if the exchange rate strengthened, your future transfer would be protected from any negative market movements.

Get in touch with one of our friendly currency experts and we can help talk you through your currency options and make your move to Canada that much easier.
Philip McHugh

Philip McHugh

Joining the corporate trading desk in 2007, Phil now over sees all of Currencies Direct’s corporate dealing activity. Having gained experience working with hundreds of businesses to optimise international payments processes and execute comprehensive risk management strategies, Phil currently works with a portfolio of corporate clients whilst managing Currencies Direct’s overall market exposure

Phil has FCA approval and has completed the Certificate in International Treasury Management (CertiTM)

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