pnpscore · money

Money, when your status has an expiry date.

Ordinary Canadian money advice quietly assumes you are staying. Almost all of it breaks somewhere if you might not be — and nobody writes the version for people on a permit, waiting on a nomination, sending money home every month.

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· why this matters

11 guides, 3 of them on remittance — because sending money home is where most newcomers lose the most, and the loss is almost invisible by design.

Guides

11 · updated 2026-08-20

01 The real cost of sending money home is not the fee Banks advertise "no transfer fee" and take three percent on the exchange rate instead. Here is how to see the money that disappears. Remittance 02 How to compare remittance services without trusting anyone's ranking Every "best way to send money" list is paid for by someone on it. Here is a method you can run yourself in five minutes. Remittance 03 How much to send home when you are not settled yourself The hardest money question newcomers face is not a spreadsheet problem. But there is one number worth protecting before you decide anything else. Remittance 04 Tax residency is not the same as immigration status You can be a tax resident of Canada on a temporary permit, and a non-resident while holding a valid visa. Confusing the two is the most expensive mistake newcomers make. Taxes 05 Building Canadian credit from zero Your credit history does not cross the border. You start at nothing, and nothing is treated worse than bad. Credit 06 An emergency fund when your status has an expiry date The standard advice is three to six months of expenses. That advice was written for people who cannot be required to leave the country. Saving 07 TFSA and RRSP when you might not stay Both are open to temporary residents. Both carry traps that only apply to people whose status could change, and nobody warns you about them at the counter. Saving 08 What happens to your money if you have to leave Canada Nobody wants to plan for this. Planning for it takes an afternoon and makes the difference between an orderly exit and losing money you already earned. Taxes 09 Budgeting for the permanent residence application itself The application is not one fee. It is a sequence of them, spread over a year or more, several of which expire and have to be paid twice. Planning 10 The financial risk of a closed work permit that nobody names A closed permit ties your income, your legal status and your nomination prospects to a single employer. That is a concentration of risk you would never accept anywhere else in your finances. Planning 11 Earning while you wait, without breaking your status Your expertise keeps its value during a gap even when your job title stops working. Whether you are allowed to sell it is a separate question, and it is the one almost nobody checks first. Earning

Not financial or immigration advice

We aren't licensed advisors, and none of this accounts for your situation. Fees, rates and government thresholds move — treat every number here as a mechanism to understand, not a figure to rely on, and check it at the source before it costs you something.

Official sources

Two governments own two halves of this. The province scores you and nominates; only IRCC can grant permanent residence. Nothing on this site is official — where it disagrees with the pages below, they are right and this is wrong.

IRCC

Immigration, Refugees and Citizenship Canada

Owns Express Entry, the CRS, and granting permanent residence. It does not publish provincial points grids.