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On your fact-finding trip you should open a non-resident Canadian bank account. For a number of reasons this makes sense. You can use the funds in the account on repeat trips. You can write cheques in Canadian funds for immigration fees. It gives you a banking history.
Because bank charges are automatic in Canada, we have through our banking partners, arranged one years free banking. This gives both you and them time to evaluate your spending patterns so they can then recommend a suitable package. Remember there is no free banking in Canada. They can also access your Equifax score to provide financial products like VISA and mortgage pre-approval.
Our partner for international money transfers are able to assist you with the planning of large money transfers. It is critical important to have the security that funds will be accessible to you in a timely manner to complete deposit payments and house closing costs.
One important decision is whether to transfer your pension funds to Canada or leave them in your home country. This is something you will need advise from a qualified expert.
For high net worth individuals the implications of international investment opportunities will create the need for tax planning. We also have access to partner companies who can assist with funding and business development.
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