What are the Benefits of Permanent Residency in Canada?

As a foreigner who is eligible to be a permanent resident in Canada, you will have the opportunity to live and work in Canada for 4-years. This is the path of permanent residency which we want everyone who wants to live and work in Canada to take. Here is some more information on what this means:

What Is Permanent Residence?

Permanent residency means that you can stay and live in Canada indefinitely as long as you meet the requirements of your government’s immigration law. The Canadian federal government also offers some programs that allow residents without any Canadian citizenship or residence rights the opportunity to continue their studies or work for up to 3 years.

Why Do We Want to Give Foreigners Permanent Residence?

This is a great question because there are many reasons. We want to help you succeed in Canada because we want to keep the Canadian economy strong for generations to come, and that means attracting the best people from around the world that want to live, work, study and build their lives here.

For us, this is a win-win situation because if you can succeed here, it will provide many benefits for our country and for you. For instance, if you have a business or company in Canada or abroad, boom! You can bring it here by setting up a branch office. This means more jobs for Canadians and it means more opportunities for you to grow your business.

If you have a family, this is a great opportunity for them as well because they can gain a better education, learn a new language and start their lives here with you. Finally, if you want to apply for citizenship in Canada this is the first step that anyone has to take before they can apply to be a Canadian citizen. Applicants will need to prove that they have been living in Canada as permanent residents for 3 years out of the last 4 years. After these 3 years of permanent residency in Canada, applicants will also need to pass the citizenship test and make an official application to become a citizen of Canada.

The benefits of being a permanent resident in Canada will not just apply to those who have been living here for 3 years. In addition, if you have been a permanent resident for 5 years or more as of 2021, you can also request that your children can come to Canada with you as a dependent. They will be able to come to Canada under the Family Class and this is a great way for them to start their lives here with their family.

The benefits of permanent residency in Canada

So, when you think about the benefits of permanent residency in Canada, remember that this is an opportunity to continue living and working in this great country for 4 years. This is your chance to make it work for you!

As a Permanent Resident, you have multiple benefits. The following are some of the primary ones:

The primary benefit is that you can live and work anywhere in Canada without any additional requirements or paperwork. You can also apply for citizenship after being a permanent resident for 3 years out of the previous 4 years. The following are some of the other benefits that come along with being a permanent resident:

Permanent resident card:

This benefits you because it is your proof of permanent residency. While this is not a requirement, it can be used as a form of identification.

Driver’s license:

As a permanent resident, you don’t need to take either the driver’s test or road tests to get your driver’s license. However, if you want to be able to drive for work purposes, each province has a different set-up for this and you may need to take the test if it applies to you.

Income Tax:

Permanent residents have a lower income tax rate than they would in the states, and there are no limits to how much you can earn.

Student Loans:

If you have a bachelor’s degree from an accredited university in Canada, you can apply for student loans from the federal government.

Health Insurance:

As a permanent resident, you can get insured for medical services at work or through your privately purchased health insurance which is not mandatory but highly recommended by the government.

Public Liability Insurance:

As a permanent resident, you have public liability insurance which protects you from accidents or harm.

Health Care:

As a permanent resident, you will qualify for national health care coverage through the Canada Health Act (Hospital Insurance Single Tier; doctor; ambulance; drugs; dental).

Mortgage Protection:

If you are interested in buying your first home in Canada, there is no down payment or mortgage insurance required for Canadian banks to lend money for this purchase. The loan will be bundled with your mortgage protection that costs between $0-35/month depending on the value of your home and your province.

Add a Comment

Your email address will not be published. Required fields are marked *