Benefits of being a Permanent Resident in Canada

By Remitbee - Jul 19, 2021

Many aspiring immigrants want permanent resident status but are unsure what it includes or why they should go through the trouble of obtaining it.

Curious about if it’s for you? This guide will tell you exactly what the benefits of being a permanent resident in Canada are. Permanent Residency and You

What exactly is a permanent resident, anyway? It is someone who has been awarded the permanent resident status in Canada after emigrating. A permanent resident is not a Canadian citizen. Permanent residents are citizens of foreign countries. A student or a foreign worker who is in Canada on a temporary basis is not considered a permanent resident.

Advantages of Being a Permanent Resident

Here’s a rundown of your rights and what you can do if you become a Canadian permanent resident.

Free Healthcare

Who would say no to free healthcare? Medical treatment in Canada as well as prescription drugs are included in your permanent residency. Canada’s exceptional public health system is just one in a range of other social benefits.

Social Benefits and Retirement Money

Residents of Canada can find suitable high-paying occupations as well as tax rebates to help them live a better life. Social benefits are also what make Canada one of the best countries to live in the world. For example, if you lose your job, you can get employment insurance. Canada’s pension plan is also one of the top ones worldwide. Retirement payments, disability benefits, and survivor benefits for deceased workers are all examples of social benefits. Permanent residents who have earned 40 credit points are eligible for a slew of social security benefits. This is the equivalent of 10 years or 40 quarters of employment. Canada’s pension plan is also one of the top ones worldwide.

Live, Work, or Study in any Province

You are free to move anywhere in Canada. You are not required to stay at the location you enter on your permanent residence application. So you have the option of moving to a better neighbourhood or a city with better job opportunities or better schools. The only exception is if a province sponsored you to become a permanent resident through one of the special Provincial Nominee programs. This is because when you committed to that program you were intended to bring skills to that particular province. You can apply for citizenship in Canada

You can live in Canada for five years after obtaining permanent resident status. Then you are eligible for Canadian citizenship if you have physically lived in Canada for three years out of the five years.

Canada’s safety and security

Canada is a safe and secure place to call home. Immigrants with permanent residence in Canada enjoy all of the rights to be protected that are granted by the government and authorities under Canadian Charter 6.

Safety is regarded as the most significant benefit of living in Canada by those who prioritize it. Feel secure knowing you and your children will be in a place where they can breathe easily and you don’t have to worry about their safety.

Your Children (and you) are entitled to Free Education

You’re entitled to both lower tuition fees as a Canadian permanent resident. The Canadian government highly subsidizes universities, making them much cheaper for you. Also, you can access scholarships and funding you can’t as a foreign student. Also, your children can be educated for free in the public school system in Canada up until they turn 18. As a bonus, you are allowed to sponsor other members of your family if you are a permanent resident and help them immigrate to Canada so they can have opportunities as well.

Freedom to Start Working or Start Your Own Company

Canada wants skilled workers, and these include permanent residents. It has some of the highest-paying jobs in the world. As a permanent resident, you are allowed to work as well as start a business of your own, it’s up to you. If you own a small business, you’d be able to access funding from the Canadian government. Maybe put your money into a well-known franchise? Go into partnership with someone you know? The sky's the limit, even if you aren't a Canadian citizen.

Making the best of your life in Canada means being careful with your money. It also means making sure your family and loved ones are taken care of. Remitbee was created to help you achieve both of these goals. We offer Canada’s top money transfer service. We’re immigrants too, which is why we promise to never charge you hidden fees and give bad exchange rates like banks or other services.

Send money with Remitbee today and you’ll see!

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