Immigrants are strongly advised to keep a budget. Everyone will have a unique budget depending on their needs, tastes and size of their family. An example of one monthly budget for a family of four (in Canadian Dollars) could be as follows:
How to Budget (Monthly – CAD$)
HOVER OVER THE PIE CHART AND CLICK TO VIEW CHART VALUES. Please note: This is only a rough estimate of the minimal monthly expenses to live in Canada, and it varies throughout provinces.
Also remember that there are other costs such as:
- vehicle licenses
- driver training
Immigrants also have to save for:
- times of possible unemployment (there is Employment Insurance which pays the unemployed a certain wage every week – but this is about 50 – 60% of a persons wage), and
- holidays (if you get paid per hour / if you work on a contract basis).