Migration Window to Canada to Reopen in June

SOURCE: EMIRATES 24/7   Every year around 250,000 people migrate to Canada. The UAE seems to be a popular place of departure to the Far West [and Far North] for the expatriate population in this country. For many, life here is a stopover, and Canada has turned out time and again the number one final destination. However, the window of opportunity may be closing fast for hopefuls as … [Read more...]

Canada to Return 300,000 Immigration Applications

Did you apply to immigrate to Canada under the Federal Skilled Worker program before Feb. 27, 2008? If so, Canada has decided that your application will not be processed anymore and your money will be returned along with your application. This was among the key decision made public in the country’s new budget. According to government figures, about 200,000 people had applied before this date. … [Read more...]

Parent, Grand Parent Immigration to be ‘Redesigned’

The Canadian government has launched an online consultation process to redesign the country’s Parent and Grandparent Immigration Programme (PGP). In-person consultations are soon to follow in a number of cities. The new consultations appear to have two key aims – to cut the long wait times for PGP applicants and to avoid too much of a constraint on the country’s coffers. Who Can Sponsor: Under the … [Read more...]

Cheques Hold-Time to be Reduced

Canada is changing rules related to financial institutions like banks releasing funds for deposited chques. Under new guidelines, if a cheque has a value of less than $ 1,500.00, the hold on it for personal and small businesses will be reduced to a maximum of four business days, starting from the day after it was deposited, if it was deposited in person at a branch. If the cheque was deposited … [Read more...]

Canadian Immigration Feeling the Luck O’ the Irish

SOURCE: THE HAMILTON SPECTATOR Pubs bursting at the seams are a reminder of the old saying that on St. Patrick’s Day, everyone’s a little bit Irish. But statistics show that immigration to Canada has become a lot more Irish. By the end of 2011, there were more than 5,200 temporary foreign workers from Ireland in Canada, up almost 1,000 from the year before. While the number pales besides … [Read more...]

Tax Tips for Seniors

SOURCE: THE STAR My 78-year-old mother is incredibly organized, particularly when it comes to her finances. She keeps all of her income tax receipts in one folder, along with information about her investments, property taxes, and her medical expenses. That’s a huge help when it comes to income tax time. If you’re caring for an aging parent, or helping a senior or anyone over 50 with his or her … [Read more...]

An End to Unsolicited Credit Card Cheques

The Canadian government is bringing in new regulations requiring credit companies to stop sending unsolicited convenience cheques to customers. These cheques usually offer low interest rates, some times as low as 1.99%, for a specific period, like six months, after which the regular interest rate will kick-in. They can be used for purchases, balance transfer or as cash advances. While this might … [Read more...]

Desperate for Workers, West Seeks Immigration Powers

SOURCE: THE GLOBE AND MAIL Canada’s Western premiers are seeking to wrest control over immigration away from Ottawa to help the West manage its growing skills shortage. “We are well-positioned but we need to have a national discussion about what further tools provinces need to grow the national economy,” said B.C. Premier Christy Clark, who is leading the group, in an interview. “The biggest … [Read more...]

Canada to Issue ‘Conditional Permanent Residence’ to Some Spouses

The Canadian government has made public its intention to launch a new, so-called Conditional Permanent Residence Permit for some foreigners migrating to the country through the spousal sponsorship stream. According to Citizenship and Immigration Canada (CIC), the ‘conditional PR’ will be valid for two years, and will be issued for those who have been in a relationship with their Canadian … [Read more...]

New Code to Help Understand Mortgage Prepayment Penalty

If you are thinking about pre-paying your mortgage but are reluctant because of prepayment penalty and the complexity of the issue, help is on your way. The Canadian government has issued a new code for banks to be more transparent about the penalties for prepayment and help clients understand how they are arrived at. Under the new guidelines, banks are supposed to: provide information on an … [Read more...]

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