British Expats

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-   -   Money when moving to Canada (https://britishexpats.com/forum/canada-56/money-when-moving-canada-952507/)

Techbrit76 Sep 15th 2024 6:59 pm

Money when moving to Canada
 
So looking at moving back to Canada, and was wondering how much would be needed to restart my life in Canada, would 50-60 thousand be enough to move back with?

dbd33 Sep 15th 2024 11:10 pm

Re: Money when moving to Canada
 

Originally Posted by Techbrit76 (Post 13275861)
So looking at moving back to Canada, and was wondering how much would be needed to restart my life in Canada, would 50-60 thousand be enough to move back with?

Not if you want to buy a property.

Techbrit76 Sep 15th 2024 11:37 pm

Re: Money when moving to Canada
 

Originally Posted by dbd33 (Post 13275904)
Not if you want to buy a property.

I will be looking at renting for a while.

christmasoompa Sep 16th 2024 12:00 am

Re: Money when moving to Canada
 
£ or $? Just you or with a family? Whereabouts? I’d imagine you’d be fine with this, unless you have a family of 5 and want to live in West Vancouver. This thread has some useful figures in although it’s very out of date now so I’d add 20% on so to them - https://britishexpats.com/forum/cana...canada-735341/

Good luck.

Techbrit76 Sep 16th 2024 12:33 am

Re: Money when moving to Canada
 
Just myself and in Canadian dollars, moving back to Windsor Ontario

dbd33 Sep 16th 2024 1:17 am

Re: Money when moving to Canada
 

Originally Posted by Techbrit76 (Post 13275916)
Just myself and in Canadian dollars, moving back to Windsor Ontario

Seems like planty then.

Techbrit76 Sep 16th 2024 1:41 am

Re: Money when moving to Canada
 
Thank you for replying to my message, gives me alot to think about.

Shakyuk Sep 17th 2024 4:41 pm

Re: Money when moving to Canada
 
I use WISE to transfer money, I find them to be low cost and very quick once you've done a few transfers.

Hemlock Sep 18th 2024 5:30 am

Re: Money when moving to Canada
 
Rather depends on what you need it for, how long you need it to last and your standard of living. To just cover living costs, rent, utilities, groceries etc, likley good for 6 -8 months if living modestly. If you have to buy a vehicle, furniture and cover living costs, maybe a month or two. If you have a job to go to, that helps a lot. However if one is determined enough we can make most things work. I had a buddy come here with $20 (was a while ago), doing very well for himself now.

Techbrit76 Sep 18th 2024 7:06 am

Re: Money when moving to Canada
 
If I get a job, most of my money will be put into savings, just need to use some of it to buy basics for own place.


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