Canada's Express Entry brings thousands of Indians yearly. Here's how to land financially prepared.
Pre-Arrival Expenses
- Express Entry fees: ~$2,300 CAD per adult
- Proof of funds: $13,757 CAD (single), more for families
- Flights: $1,000-2,000 CAD
- First 3 months buffer: $10,000-15,000 CAD minimum
Monthly Living Costs by City
Toronto
- Rent (1-bed): $2,200-2,800 CAD
- Utilities: $150-200
- Groceries: $400-600
- Transit pass: $156
Vancouver
Similar to Toronto. Rent slightly lower, but still expensive.
Calgary/Edmonton
30-40% cheaper. Great for saving more.
Secondary Currency Helps
In Pocket Clear:
- Primary: CAD
- Secondary: INR
$300 CAD groceries ≈ ₹18,500. Keeps perspective on spending.
Canadian Financial Essentials
- SIN (Social Insurance Number) - Day 1 priority
- Bank account - TD, RBC, or digital banks
- Credit card - Start building credit immediately
- RRSP and TFSA - Tax-advantaged savings
Sending Money to India
Best options:
- Wise: Best rates, lowest fees
- Remitly: Fast, good for regular transfers
- Bank transfer: Usually worst rates
Start Tracking Together
Download Pocket Clear free. Simple expense tracking for couples and expats.