What are the risks of immigrating to Canada?

Part 1: What are the risks of immigrating to Canada?

1. Risks of family life

When immigrant families first arrive in a completely unfamiliar country, they are susceptible to new things and differences. Culture shock. I am used to the hustle and bustle at home, but in a foreign country I feel lonely because of the language barrier or lack of friends. However, children have a relatively strong ability to accept new things. Through contact with classmates and teachers at school, they will integrate into this new cultural atmosphere more quickly. Many parents have the mentality of "immigrating for their children" and find it difficult to integrate but cannot leave. Once parents hold this idea, it will be easier to put pressure on their children, which may lead to rebellion in the children and discord in the family.

In fact, if you can open your mind, you can definitely appreciate the benefits of different cultures. Canada is sparsely populated, but its first-class environment and scenery will make you happy both physically and mentally. Here, you can slow down the stressful pace, recuperate your body that is exhausted from busy work, and also free up more energy and time to accompany your children and promote parent-child relationships. At the same time, you can also cultivate your own interests and hobbies. Sports such as tennis and golf, which are relatively high-cost in China, are very common in Canada. You can erase the thought of having to stay in Canada and instead shift to a greater desire to stay in Canada.

2. Risks of Domestic Careers

After most people immigrate to Canada, they still focus their careers at home. Once the family immigrate to Canada, they will naturally not be able to take care of the domestic business as before, thus virtually increasing the risks of the domestic business. Usually, the husband or wife in an immigrant family will play the role of "flying man" and travel between Canada and the country, thinking that this is the best way to take care of the family and business. Leaving aside for the time being the question of whether such a round trip can ensure full residence and retain identity, but it may affect one's own health and the harmony of the family.

Now that you have made the choice to immigrate to Canada, you can actually consider transferring part of your domestic funds to Canada and make some solid investments there. The investment income can fully provide for your family's daily expenses. In this way, it not only solves the income of daily expenses, but also reduces risks and leaves an extra escape route for yourself.

3. Risks of investment

Many investors were very enthusiastic about high-risk investments, stocks, and real estate speculation when they were in China, so that they still remained cautious about investing after coming to Canada. With the original concept, it is easy to ignore high risks for high returns. However, when new immigrants first arrive in Canada, they do not fully understand its economic form and market trends. They will inevitably fail in their investments, and will eventually greatly reduce their assets and regret it.

To be honest, most investors already have sufficient assets when they immigrate to Canada, so why bother investing in high-risk products? There are only two requirements for investment now. , which means safety and stability. In fact, it is possible to find an investment product in Canada that can protect capital and generate a certain return every year. It is wise to invest in some stable capital-guaranteed products to protect your family's daily expenses.

4. Risks of overseas asset tax declaration

For overseas asset declaration, what we need is reasonable planning. The first filing deadline for overseas asset tax returns is before April 30 of the second tax filing year after landing. Canadian tax law stipulates that overseas assets must be declared as long as they exceed 100,000 Canadian dollars. For those with a total amount of 100,000 to 250,000 Canadian dollars, Simplified declaration is implemented for overseas asset declaration, but if overseas assets exceed 250,000 yuan, detailed declaration is required. According to Canadian tax laws, Canadian residents are required to declare income earned worldwide. Therefore, when investment immigrants transfer large amounts of funds to Canada for investment, they cannot provide a reasonable explanation for their funds. They may be deemed by the tax bureau as income earned overseas, and thus be levied income tax and corresponding late declaration penalties and interest. .

Chapter 2 Reasons for choosing Canada for immigration

Canada is located in the northern half of North America, bordering the Atlantic Ocean to the east, the Pacific Ocean to the west, the Arctic Ocean to the north, and the northwest It borders Alaska in the United States and the continental United States to the south. The area is 9.97 million square kilometers. From east to west, Canada spans six time zones and is the country with the longest coastline in the world. It borders the United States in the south and the border is 8,892 kilometers long. The population is 32 million.

Canada has five geographical regions, namely the Eastern Atlantic Region, the Central Region, the Prairie Region, the West Coast Region and the Northern Region. The landforms in Canada are diverse, including towering mountains, majestic plateaus, flat plains, fertile valleys, low-lying lakes, abundant rivers, and numerous islands.

Canada has a vast territory and is rich in resources such as forests, mineral deposits, and energy. Canada's forest coverage area accounts for 44% of the country's total area, ranking third in the world after Russia and Brazil. Canada is rich in mineral deposits and is one of the largest mineral-producing countries in the world after the United States and Russia. Canada's scenery is even more diverse, with a variety of geographical features in addition to tropical jungles and deserts. Therefore, the tourism industry is also very developed, ranking ninth among the countries in the world in terms of tourism revenue.

Canada has the best social welfare system in the world. Its publicly funded medical system, family assistance pension, retirement pension, unemployment allowance, donation, social relief fund, etc. are all good social welfare systems. Citizens It can be said that as a permanent resident, you can be provided for when you are old and have medical treatment for your illness.

In terms of education, Canada has the most complete education system in the world. Children aged 5-19 can enjoy free education from kindergarten to grade 12. Canada has world-class universities, middle schools, and primary education. Citizens or permanent residents and their children enjoy excellent teaching conditions free of charge. The local government also provides high subsidies for higher education. For college students whose families are in poor economic conditions, the government provides interest-free loan subsidies. At present, Canada's higher education penetration rate has reached 45%, ranking first in the world.

Federal stage:

(1) Application fee: 550 Canadian dollars per person for the main applicant, spouse, and accompanying children over 22 years old; 150 Canadian dollars per person for accompanying children under 22 years old;

(2) Landing fee: 490 Canadian dollars per person for the main applicant and spouse.

2. Nomination immigration fee for British Columbia, Canada

Application fee: The single fee for EIR application is CAD 300.

3. Canadian NS provincial nomination immigration fees:

1. Provincial nomination stage: There is no application fee for the Nova Scotia nominated skilled worker category.

2. Federal stage:

Application fee: 550 Canadian dollars per person for the main applicant, spouse, and accompanying children over 22 years old; 150 Canadian dollars per person for accompanying children under 22 years old;

Landing fee: 490 Canadian dollars per person for the main applicant and spouse.

IV. Fees for nomination and immigration to Ontario, Canada

Provincial nomination stage: 1,500 Canadian dollars

Federal stage:

(1) Application fee : 550 Canadian dollars per person for the main applicant and spouse, and accompanying children over 22 years old; 150 Canadian dollars per person for accompanying children under 22 years old;

(2) Landing fee: 490 Canadian dollars per person for the main applicant and spouse .

5. Canadian NB provincial nomination immigration fee

1. Employer sponsorship category:

New Brunswick provincial nomination fee: 250 Canadian dollars, the fee is not For refund, please submit the fee together with the NBPNP-011SW form.

Federal stage:

(1) Application fee: 550 Canadian dollars per person for the main applicant, spouse, and accompanying children over 22 years old; 150 Canadian dollars per person for accompanying children under 22 years old;

(2) Landing fee: 490 Canadian dollars per person for the main applicant and spouse.

2. Business category:

NB Provincial Immigration Bureau application fee (paid when submitting a business inspection application to the provincial government)

Each household: CAD 2,000

Federal Department of Immigration application fee (transferred to the federal government after approval by the provincial government and paid when submitting the information)

Main applicant: 550 Canadian dollars; main applicant’s spouse and children over 22 years old : 550 Canadian dollars; children under 22 years old: 150 Canadian dollars

Federal landing fee (paid after federal review is passed)

Main applicant: 490 Canadian dollars; main applicant’s spouse: 490 Canadian dollars; children (none)

Physical examination fee (passed in interview, paid at the time of physical examination)

Each adult is RMB 1,450; minors are RMB 1,450 according to age group Ranging from RMB 500 to 1,450 yuan

Deposit and investment:

Deposit: CAD 75,000 (refunded to me if the investment or federal government refuses the visa)

Investment Payment: Investment of 150,000 Canadian dollars (invested within 2 years after landing, owned by the applicant)

6. Nominated business immigration fees for Prince Edward Island, Canada:

PEI provincial business inspection Visa fee 75 Canadian dollars;

PEI province application fee 2,500 Canadian dollars;

Language deposit 10,000 Canadian dollars;

100,000 Canadian dollars investment deposit;

An investment of 150,000 Canadian dollars (in your own name) is required to implement the business plan;

The federal application fee is 550 Canadian dollars per person (main applicant, spouse and children over 22 years old) , 150 Canadian dollars per child under 22 years old;

The federal landing fee is 490 Canadian dollars per person (main applicant and spouse), children are free.

7. Business immigration fee for nomination in Saskatchewan, Canada:

1. Provincial nomination stage: free

2. Federal stage:

Application fee: CAD 550/person for the main applicant and spouse, and accompanying children over 22 years old; CAD 150/person for accompanying children under 22 years old;

Landing fee: CAD 490/person for the main applicant and spouse.