Immigration FAQ!
A permanent resident is someone who has been granted a permanent resident status by means of immigrating to Canada and has the rights to work and live in Canada but does not hold a Canadian Citizenship.
You have the following rights after becoming a permanent resident:
• Live, work, or study anywhere in Canada
• Protected under Canadian law and the Canadian Charter of Rights and Freedoms
• Entitled to most social benefits the Canadian government offers to its citizens
• Can apply to Canadian citizenship once the requirements are fulfilled
• Cannot vote or run for political office
• Not eligible for some jobs that require a high-level of security clearance
To apply for a Canadian Citizenship, you must meet the following criteria:
• Be a permanent Resident and have been physically present in Canada for at least 1095 days (3 years) within the last 5-year period.
• Can speak and write in one of Canada’s official language (English or French).
• Have filled your income taxes for at least 3 out of the last five years and have paid any income tax you owe, if any.
Some options are available if your Canadian citizenship application has been refused:
• Decision may be appealed to the Federal Court of Canada
• A new application for Canadian Citizenship may be submitted
• You may ask for a judicial review of the decision by the Federal Court of Canada
It is an online application management system used by Immigration, Refugees and Citizenship Canada (IRCC) to manage applications for permanent residence from skilled workers. Applications are collected through Canada’s federal economic immigration programs.
Real Estate FAQ!
– For a first-time home buyer, getting “per-approved” for a mortgage is the key. Getting “pre-approved” means that the money lender looked at your credit history/income and is comfortable with giving you the money.
• In Canada, the minimum down payment is 5%.
• If down payments are less than 20%, it will be required to purchase a mortgage default insurance.
• Some private lenders offer mortgages with a zero-down payment, but the interest rate will be significantly higher, and the overall cost will end up higher in the long term.
– Closing costs is the term used to cover various fees and expenses that are payable on closing. These costs may include taxes, title insurance, legal fees, appraisals and more.A guideline on average Closing Costs in Ontario ranges between 1.5% to 4% of the purchase price.
To apply for a Canadian Citizenship, you must meet the following criteria:
• Be a permanent Resident and have been physically present in Canada for at least 1095 days (3 years) within the last 5-year period.
• Can speak and write in one of Canada’s official language (English or French).
• Have filled your income taxes for at least 3 out of the last five years and have paid any income tax you owe, if any.
– Yes, anyone from any country is entitled to purchase a property in Canada, usually with no restrictions.