Managing Financial Arrangements
Financial preparation before immigrating to Canada is crucial to ensure you arrive financially ready and can handle initial expenses smoothly. Proper planning helps avoid unexpected financial surprises and allows you to meet the financial proof requirements of Canadian immigration authorities.
Close bank accounts, credit cards, and other financial products you won’t need in Canada
Set up automatic payments for ongoing transfers or investments, if needed
Check the option to convert your bank account into a non-resident account
Create a detailed budget for your first few months in Canada
Establish methods for international money transfers
You’re ready for the next chapter in Canada! 🎉