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Moving to Vancouver British Columbia Canada?

Explore our Beauty - The Best Place on Earth

British Columbia is the most visited province in Canada and has tourism as its second-largest industry. Known for its breathtaking natural beauty and the modern oceanside city of Vancouver, British Columbia has long been a premier vacation destination in the Pacific Northwest. Vancouver was the host city of the 2010 Winter and Paralympic Games. The province consistently ranks among the top three places in the world to live due to its excellent schools, family safety, clean air and water, unmatched outdoor lifestyle, sound banking, and trustworthy government.

Most of the province's popular attractions are located in or near Vancouver, which sits on a peninsula in the southwestern corner of British Columbia, surrounded by the Pacific Ocean. From Vancouver, it is relatively easy to visit the cities of Victoria and Whistler in a single day via ferry or seaplane. The rest of British Columbia, often referred to as the interior, is primarily rural and attracts tourists interested in camping and outdoor activities.

From Abroad:

Many major Canadian banks offer newcomers the option to open a bank account before they arrive in Canada. This can often be done online, where you provide necessary identification and set up your account so it’s ready to use upon your arrival.

In Canada:

If you haven’t opened an account from abroad, you can visit a bank branch in person with your identification, immigration documents, and proof of address in Canada to set up your account.

Major Canadian Banks

Moving to Canada Checklist -RBC

Immigration Lawyer and Managing Tax Obligations

From Abroad:

You can start learning about Canadian tax obligations through the Canada Revenue Agency’s (CRA) website which offers resources and guides on how taxes work in Canada. You may also consult with a Canadian tax advisor remotely to understand specific obligations and planning strategies.

In Canada:

Once you are in Canada and have received your SIN (Social Insurance Number), you’ll be able to complete and file tax returns, claim benefits, and handle other tax-related responsibilities. Contact a qualified Accountant to know how to manage your assets.

Immigration Lawyer

If you're moving to Vancouver and need immigration assistance, consider hiring a qualified immigration lawyer. They can navigate the complex Canadian immigration process, ensuring your application is complete and accurate, and increasing your chances of a successful outcome.

Essential Services

Relocating to a new country is a life changing event, and with the right preparation and local knowledge, your move to British Columbia can be a successful and rewarding journey. Remember, the key to a smooth transition is planning ahead and utilizing available resources to acclimate to your new surroundings.

Healthcare:

Register with a local doctor as soon as possible. Community centers and online forums can provide recommendations.

Schools:

If you have children, identifying a suitable school district is crucial. Visit school websites or contact the local school board for enrolment information.

Banks:

Setting up a bank account is essential for managing your finances. Choose a bank that meets your needs and visit in person to open an account.

Resources:

  • Health Authorities in BC: Find Healthcare
  • School Districts in BC: School Districts
  • Canadian Banking: Major banks like RBC offer specialized services for newcomers. See above for list of banking services and resource

Understanding Tax Rates

By addressing these key areas, you can help ensure a smoother transition to your new life in British Columbia. 

Moving between provinces can be a major undertaking, but planning ahead and understanding the local requirements can help make your move to British Columbia as seamless as possible. Remember, it’s not just about moving your possessions; it’s about making British Columbia your new home.

Provincial Taxes:

BC has its own set of provincial taxes, including the Provincial Sales Tax (PST). Tax rates can differ significantly from other provinces, impacting your budget, especially if you are purchasing new items or services.

Foreign Buyer Ban:

The Foreign Buyer Ban no longer applies to Vacant Land. Non-Canadians can now purchase vacant land zoned for residential use and use it for any purpose. Certain Areas such as Whistler dont apply as well as purchasing Commercial Properties.

The Foreign Control Threshold is now 10%. Previously, an entity was deemed foreign if non-Canadians owned 3% or more of it. With the amendment, the maximum amount of non-Canadian control is 10%.

Click here to find out more from Spagnuolo LLP on how the Foreign Buyer Ban may affect your purchase.

Website:

Canadian Revenue Agency – Website

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