It’s not simple to relocate to Canada from another country. It takes a lot of planning and time to ensure a seamless transition into a new nation, regardless of whether you intend to live in Canada permanently or go there for better employment or educational opportunities.
A helpful checklist about moving to Canada that we have put together will give you a step-by-step breakdown of everything you need to do. It includes everything from your visas to understanding foreign exchange rates and dealing with forex.
- Visa and immigration
The immigration process is governed by a unique set of laws, regulations, and requirements in each country. Canada is one of the best countries that embrace immigration. In fact, the Canadian government intends to make it easier for more than a million people to immigrate in the coming years. Because of this, Canada offers several visa and immigration options to help everyone become a permanent resident of the country.
- Currency exchange rates
People who shift to Canada underestimate how expensive it might be for someone who has just relocated to live there. The country has a decent low cost of living, but the first few months can be difficult for anyone. It can take time as you adjust to a new location and manage new and heavy expenses.
You should have a thorough understanding of the Canadian dollar and the exchange rates to ensure you are budgeting yourself effectively. To overcome this challenge, we offer forex cards to help you overcome the volatility of exchange rates. You can lock the desired exchange rate when you buy a forex card from us. The same rate will remain effective for all your future use.
- Understanding local traditions
Your experience with immigration can be improved if you are familiar with Canadian traditions and languages before going there. For instance, people in Canada say sorry more frequently than people in other nations. They have a culture of politeness and respect for everyone irrespective of their background. So, if you put this into practice and keep doing it, it will be a lot simpler for you to fit in.
- Dealing with financial transactions
Credit and debit cards are convenient for transactions, and you may think of using them in Canada. However, using credit and debit cards in a foreign country can cost a lot. There will be high processing charges, and the exchange rates offered by banks will not be the best.
Withdrawing money from ATMs can also cost you significantly for the above reasons. It can be better to opt for forex cards that make it easier to carry your money electronically. A forex card reduces the hassles of currency exchange every time.
- Maintaining a good credit score
The country requires a steady credit score when you move there. It is applicable for several reasons, like opening a bank account. Your credit score is one of the necessary information that the bank will ask for when opening your account.
The credit score of your domestic country will get used to identifying the same for Canada. Furthermore, a good credit score will also help you get a loan if you need one. You can also avail yourself of other financial services linked to credit scores.
Bottom line
While there are several things to know before moving to Canada, these are some essential ones. Remember to develop a good understanding of INR to CAD currency exchange rates. It will help you manage your finances better and control unnecessary spending.
If you are looking for reliable currency exchange services or want to get a forex card, or you want to send money abroad, Orient Exchange can help.
We offer the best rates and minimal processing fees to ensure you get the best value for your money.