Ordeals of Immigrants Traveling Home During Holiday Season

The Covid-19 pandemic made the distance between immigrants living in Canada and their loved ones in their home countries seem all the longer. Empty airports, travel restrictions and Zoom calls became the norm. Christmas 2022 was set to be a welcome return to normal, with people eager to visit family and friends they had not seen for years. Sadly, a rare winter weather event left thousands stranded in Vancouver, forcing them to make alternative holiday plans. Would this become a normal experience during holidays?

Choosing Between a Tax-Free Savings Account and a Registered Retirement Savings Plan

Saving for the future is important, and though income levels may not always make it easy, it is a prudent move. Two common savings accounts available in Canada are the Registered Retirement Savings Plan (RRSP) and the Tax Free Savings Account (TFSA). To understand how these plans work, Immigrant Muse asked Brenda Akins, Associate Portfolio Manage, Kozak Financial Group, CIBC Private Wealth, and here are her responses.

The Real Cost of Free Healthcare in Canada

Canadians and permanent residents don’t have to deal with staggering hospital bills like Americans. However, there are several exceptions and downsides to Canada’s free healthcare. For instance, if you need dental work, pain management or another regulated healthcare service, getting a job with extended healthcare coverage is the only way to secure affordability. Otherwise, you will have to pay out of pocket. Even emergencies like needing an ambulance can set people back hundreds of dollars.