In recent years, the cost of living for Canadians has been rising, putting heavy pressure on the daily lives of ordinary people. There are statistics that show thatA family of four can live on up to $5,000 per monthAnd a single person also needs 1,400 Canadian dollars per monthThis does not include the cost of renting a house or mortgage. For households with mortgages, as the central bank continues to raise interest rates, it is only natural that their lives will be more difficult. Recently, Statistics Canada released household debt and disposable income for the third quarter of 2023. The data shows that while the debt-to-income ratio of Canadian households has narrowed slightly, the household debt-servicing ratio is still modest**. This suggests that debt payments are growing faster than revenues.
And when the economic downturn meets inflation, it also brings a decline in consumption power. Christmas is just around the corner, and according to a survey by the Bank of Montreal, 58% of citizens have had to advance their credit lines to buy holiday gifts this year, while 24% are worried that they may not be able to pay off these expenses in time. Additionally, 81% are stressed about their overall financial situation, and 61% want to know if they can afford to pay their monthly bills. These data show that the economic downturn and inflation have caused severe financial anxiety among Canadians. Most people (69%) also can't make financial plans for this year due to economic instability and soaring basic goods and services**, but about a third (30%) know they will certainly be more tightly reined in their spending in 2024. Therefore, for today's new immigrants, Canada's inflation and the constant cost of living have also virtually increased the overall immigration cost, because the current Canadian immigration will most likely involve work visa landing, and then a series of expenses, need to solve the housing problem, buy a car, buy furniture, pay various insurance premiums, and so on. And because it's just landed, some benefits can't be enjoyed immediatelyFor example, there is a 90-day waiting time after applying for a medical insurance card, and you will not be able to receive social welfare benefits within 6 months after you land. All of this has further increased the financial pressure on newcomers. Not to mention studying abroad and immigration, before you can rely on online classes to reduce costs, after the reform of the study visa, the road of online classes has been blocked, and the tuition fee will be ** next year, and you will have to face the problem of finding a job and getting an identity after graduating from the study visaLast year, there were more than 17,000 applicants to study in Manitoba, but only 6,500 were approvedIt has long been overcrowded, Alberta has a lot of restrictions on international students, and it is difficult for husband and wife doubles to climb to the sky, and at the same time, Alberta's housing prices have risen wildly, and it is even more difficult to find a good **, we all know that Alberta is a big province of education, and people have not yet saved taxes, so now almost all new immigrants are squeezing into Caja and Edmonton. And when the cost of living has become an important expense for Canadian immigrants today, the advantages of some programs have emerged, such as: the federal North Town project.
Federal SUV project.
Alberta RRS Town Pilot Project.
Alberta Employer Sponsored ATP Express Entry.
Quebec IT Pilot Project (IT AI Category).
For applicants who are not in a hurry to landThere is a high probability that these 5 items can wait for the Maple Leaf Card in China!It can save a lot of local living costs. Even for a project like an SUV that is relatively expensive to handle, if you want to include the living expenses of work visa registration, then the SUV that can wait for PR in China is not necessarily expensive.
Northern Town Pilot Project
Eligibility
1. At least one year of full-time work experience (at least 1560 hours) in the past 3 years
2. Paid work in the same occupation (can be different employers) 3. The level of the position applied for is teer 0 1 2 3 4 54, at least high school degree or above, and overseas education needs to be certified 5. Obtain a job offer from an employer in the pilot community (at least 30 hours per week) and work is non-seasonal6, and the language reaches CLB4-6, and there will be different requirements according to the position applied for7. The applicant intends to live in the application community 8. Obtain community endorsement (recommendation letter).
Federal SUV project.
Eligibility
1. Obtain a letter of support from a federally designated agency in Canada:
a.Angel Investment Group is not less than 7$50,000 Investment Commitment BVenture Capital** Investment Commitment of not less than $200,000 CThe Business Incubator Program Institution admits applicants to their program2, has CLB5 level in English or French3, and has sufficient funds to settle in;4. Certificate of no criminal record;5. Full-time college degree or aboveIn order to obtain a letter of commitment from a designated authority, the applicant must meet the following conditions:Each applicant must hold at least 10% of the company's equity Canada** designated body and all applicants must jointly hold more than 50% of the company's equity Innovative businesses that are not hotels, restaurants, cafes, convenience stores, etc.
Alberta RRS Town Pilot Project.
Eligibility
1. The applicant must have a genuine intention to work and reside in the corresponding designated community 2. The applicant must have an endorsement issued by the Economic Development Organization (EDO) of the designated community. 3. Applicants must have a long-term full-time job offer from a designated community employer4, the occupation belongs to TEER 0 1 2 3 4 5, and the occupation cannot be in the unqualified list (most occupations are eligible for RRS) 5. The applicant must have at least 12 months of full-time relevant work experience in the 18 months before applying. Work experience can be in Alberta, other provinces in Canada other than Alberta, or outside of Canada. 6. If the occupation is TEER 0 1 2 3, the language needs to reach CLB 5, and if the applied occupation belongs to TEER 4 5, the language needs to reach CLB 47, and the willingness to live and work in a designated community in Alberta
Alberta Employer Sponsored ATP Express Entry.
Eligibility
1. Meet the federal Express Entry entry entry criteria, and currently in the pool, CRS score at least 300 points.
2. Currently working full-time in Alberta or have a job offer of full-time employment in Alberta (full-time at least 30 hours per week, offer period of not less than 12 months) 3. The occupation belongs to the Alberta Science and Technology Acceleration Occupation List, and the applied position is consistent with the job position 4. The employer who is currently working or the employer who provides the offer belongs to the NAICS CODES list*If the EE file expires in 3 months or less, you may not be required to submit an application
Quebec IT Pilot Project (IT AI Category).
Information Technology and Visual Effects Pathway Application Criteria (IT).
The program is aimed at foreign workers) 1. Meet the minimum educational requirements, which is equivalent to a Quebec college, technical training, or bachelor's degree2. Work in Quebec or have a job offer;3. 2 years of full-time work experience in an eligible position in the 5 years prior to the submission of the application.
Artificial Intelligence Pathway Application Conditions (AI).
1. Have a bachelor's degree or above2, have more than 2 years of work experience in the field of artificial intelligence in the past 5 years, or obtain a master's or doctoral degree in a related field within 12 months before submitting the application3. International graduates from Quebec need to complete a master's or doctoral degree in Advanced Professional Studies (DESS) and have at least 6 months of work experience in the 12 months before submitting the application4. Applicants for AI need to work in an AI-related industry, and the Quebec Council will finally evaluate whether the client and employer are suitable for the AI category.
*It should be noted that although the Quebec IT Program is currently in the bonus period, applicants must commit to learning Xi French and must sign a French-language agreement when submitting a permanent opt-in application under the French-speaking profile.
Considering the high cost of living and economic pressures in Canada, we urge everyone to plan thoroughly before and after immigration. It's not easy to immigrate to a foreign country and start a new life. While there are signs of slowing inflation in Canada at the moment, Bank of Montreal** relief may be on the horizon, with interest rates likely to be cut before next summer. However, over the years, Canada's economy has been underperforming for a long time, and it will take time to get out of the malaise and achieve growth, so they need high-end talent immigrants with financial resources and strength to improve the economy.
Therefore, in order to cope with these challenges, choosing the right immigration program, reducing immigration costs and better adapting to Canadian life are important issues that new immigrants must considerFor more Canadian immigration-related information and dry goods, please follow or send us a private message.