Being A Smart Canadian
Canada is exploring ways to bring in more foreign students to study at its universities and other degree/diploma awarding institutions. The country’s federal immigration minister, Jason Kenney announced this recently but he did not give any concrete figures. Last year, Canada allowed close to 80,000 students, up by 20 percent from the 2004 figures. Canada [...]
Seniors Homecare This is one of the sectors set to see rapid growth. According to the Canadian Homecare Association, more than 600,000 Canadians of age 65 and over received homecare in 2007, and this is a 51 percent increase over the figure in 1997. And over the next twenty years, the ratio of Canadians older [...]
What it is it?
This is a new type of savings account announced by the federal government.
Starting January 2009, a person at least 18 years of age and having a Canadian Social Insurance Number (SIN) can open a TFSA account and invest a maximum of 5000 dollars a year.
The income derived (such as interest and capital gains) from the account will not be taxed. But investment into the account will not be tax deductible.
Canada might consider reducing the number of immigrants it will allow if the current economic downturn continues. That the numbers will go down is not confirmed, but the federal immigration minister, Jason Kenney, recently expressed his worry about bringing in newcomers to face a country in economic turmoil. At present Canada’s unemployment rate stands at [...]
On average, according to Citizenship and Immigration Canada (CIC), it takes about eight months to process an application to sponsor a spouse or a partner. But the time taken to process a spousal application differs from country to country. Interestingly, according to official data provided by the CIC, time taken to process an application is [...]
Spouses/partners are given top priority under immigration law in Canada. Some of the requirements, such as minimum income, are not needed for one to sponsor his or her spouse/partner. First, let us see who falls under Spousal/Common-Law Partner/Conjugal Partner category. Spouse You can sponsor someone as a spouse if you are married under Canadian or [...]
Canada allows many types of people to be sponsored under the Family Class. They are: • Spouses: (married/ living together/ conjugal partners) • Children: Dependent children who are under the age of 22 and are unmarried can be sponsored. As well, children who are over 22 and those who are married can also be sponsored, [...]
Canada has a rich history of welcoming immigrants. As it is with history, the nature of immigration has changed over the decades, and now most of the immigrants come not from western Europe, but from Eastern Europe, Asia, Africa and Central and South America. In 2009, between 240,000 to 265,000 new immigrants would be welcomed [...]
Get the Word of the Day & Much More
