Location: TORONTO,CANADA, AT PRESEN
Posted on: 30-09-04 09:53:16
Dear friends,
I am relatively new to this site and would like to know some earnest opinions and advices especially from CA's, senior desi's,experienced members regarding simply how should one go on spending(saving) the $10,000 one brings to Canada as the baisc sustainable funds.Ofcourse one may even bring in $50,000 or more,but the question here is how to spend the basic $10,000 as stated in the immigration applications.(minimum requirements).
BASIC QUESTIONS ,LIKE SHOULD ONE GO FOR A MORTGAGE LOAN INITALLY OR TAKE A RENTED HOME, SHOULD ONE PAY PLACEMENT AGENCIES FOR FINDING A JOB IN CANADA, SHOULD ONE PREFER LIVING WITH OTHERS( sharing an apartment to reduce the rent),HOW LONG SHOULD ONE STAY AT A RELATIVE'S PLACE IN CANADA WITH HI-BI RELATIONS,HOW TO EARN AND LEARN,I.E TAKE UP A PART-TIME JOB OR FULLTIME JOB AND GET A CANADIAN QUALIFICATION,
IS IT IMPERATIVE TO TAKE A HEALTH INSURANCE COVER WITHIN 5 DAYS OF LANDING IN TORONTO OR VANCOUVER, HOW MUCH CASH ONE NEEDS TO KEEP /BRING IN WHEN LANDING IN CANADA,AND OFCOURSE HOW TO LIVE 'FREE' IN CANADA(FOR A LITTLE COST UTILIZING ALL THE OPPORTUNITIES AVAILABLE ON THE NET AND PAPERS,DO THEY REALLY WORK?)
Dear colleagues, please remember that for Indians, $10,000 equals to Rs.3 lakhs! and is ofcourse byno chance not a small amount.
What i need to know from your worthy experiences or insight into living in Canada is the USE of food counpons, rebates, discounts in all the things one requires and how to get them,from where?
It is evident from this esteemed board of discussion that money tends to evaporate fast be it US $ or CAD$ or even IndianRs.
Hence a wise investment or spending strategy can save money and infact build up some savings even plus can also enjoy a confortable lifestyle (using all the rebates,discounts,etc).For eg. someone has made a good point regarding not going to a telephone company office personally to make a request for installation of the phoen or else they charge $300,but if same order is given on the phone, there is no charge!
Please inform and advice.
Thanking,
CAPRICO
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MJ
Quote:
Orginally posted by CAPRICO
BASIC QUESTIONS ,LIKE SHOULD ONE GO FOR A MORTGAGE LOAN INITALLY OR TAKE A RENTED HOME,
You cannot get a mortgage or loans of any kind until you build up a credit history . That takes time. There therefore no option but to live in rented premises.
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Orginally posted by CAPRICOSHOULD ONE PAY PLACEMENT AGENCIES FOR FINDING A JOB IN CANADA,
No. Recruitment agencies, if they do manage to get you a job, normally charge the employer and not the potential employee. So, if you come across an agency that wants to charge you, stay away from them.
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Orginally posted by CAPRICOSHOULD ONE PREFER LIVING WITH OTHERS( sharing an apartment to reduce the rent),
No answer possible. Are you talking single persons living together or two families? As singles, it is obviously a better choice to share living premises until you have money enough to live independently. It is a matter of personal prefereces and adjustments. It is quite obvious that it will reduce the burden rent. But that reduction is also at the cost of losing privacy and crowded living.
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Orginally posted by CAPRICOHOW LONG SHOULD ONE STAY AT A RELATIVE'S PLACE IN CANADA WITH HI-BI RELATIONS,
Won't your relative be in a better position to answer that!!
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Orginally posted by CAPRICOHOW TO EARN AND LEARN,I.E TAKE UP A PART-TIME JOB OR FULLTIME JOB AND GET A CANADIAN QUALIFICATION,
Just as you said. First earn and then learn! Where is the question?
IF you are asking about student loans, you will be eligible for that only after a year. Quote:
Orginally posted by CAPRICO
IS IT IMPERATIVE TO TAKE A HEALTH INSURANCE COVER WITHIN 5 DAYS OF LANDING IN TORONTO OR VANCOUVER,
Insurance is not imperative. It is for your own safety. Without insurance the medical costs can be murderous.
Quote:
Orginally posted by CAPRICO
HOW MUCH CASH ONE NEEDS TO KEEP /BRING IN WHEN LANDING IN CANADA,
At least as much as stipulated by CIC and as much as possible.
Quote:
Orginally posted by CAPRICO
AND OFCOURSE HOW TO LIVE 'FREE' IN CANADA(FOR A LITTLE COST UTILIZING ALL THE OPPORTUNITIES AVAILABLE ON THE NET AND PAPERS,DO THEY REALLY WORK?)
There is nothing "free' in Canada? Whatever gave you that idea? What opportunites available where on the net and in what papers? Be careful of getting scammed.
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Orginally posted by CAPRICOyour worthy experiences or insight into living in Canada is the USE of food counpons, rebates, discounts in all the things one requires and how to get them,from where?
Sorry, I don't think there is anything like food coupons here. What rebates and what discounts?
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Orginally posted by CAPRICO
Hence a wise investment or spending strategy can save money and infact build up some savings even plus can also enjoy a confortable lifestyle (using all the rebates,discounts,etc).
Yep! But you need a well paying good job first. You can save only after you earn. Until then you only spend and find ways to spend less. Spending less is not the same as saving.
Quote:
Orginally posted by CAPRICO
For eg. someone has made a good point regarding not going to a telephone company office personally to make a request for installation of the phoen or else they charge $300,but if same order is given on the phone, there is no charge!
Who made this point and where? It is not correct!
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wisernow
Quote:
Orginally posted by wisernow
For eg. someone has made a good point regarding not going to a telephone company office personally to make a request for installation of the phoen or else they charge $300,but if same order is given on the phone, there is no charge!
Who made this point and where? It is not correct!
Bell and Sprint ask for $200 as security deposit for home phone if you have no credit history in Canada and they will ask that irrespective of mode of booking a phone. Cellphone companies ask for deposit too.
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Quote:
Orginally posted by rajcanada
Bell and Sprint ask for $200 as security deposit for home phone if you have no credit history in Canada and they will ask that irrespective of mode of booking a phone. Cellphone companies ask for deposit too.
That's acceptable. The point made in the OP was his misunderstanding that the charges are different depending on the mode of application and that is incorrect.
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wisernow
