Free Trade Agreement: Planning for a stronger Canada

WHO CUT THE CHEESE PRICE?   The Free Trade agreement in principle was recently signed between Canada and the European Union.  It was hailed as a significant step to boosting the economy of Canada while having minimal negative impact for Canadians. Free trade   So what is a Free Trade Agreement?  Essentially it eliminates tariffs or taxes on cross border imports/exports making it easier for companies to trade products and/or services with neighbouring countries. It’s not just as simple as that though, there has to be limits or quotas set where each trading partner agrees to a set level. Depending on what the country exports or imports the most can determine what is set in the quotas. So for instance Canada has a lot of trees and the US needs to build a lot of houses, it would be in both of their interests to eliminate the tariffs on trees for, let’s say the first 100,000 tonnes. Anything past the 100,000 tonnes then tariffs will be applied so companies would have to budget their exports in order to keep with-in the quota. That’s great for Canada, they’re selling trees like they’re going out of fashion, but what’s the US getting out of the deal? They put […]

Building Credit In Canada As A New Permanent Resident

Building Credit all over again in a new Country is not easy but is certainly possible to do. I’m still here and living it up and don’t fancy heading back any time soon. I’ve battled through all the permanent resident requirements with my lovely wife at my side and it’s been such a learning experience that I hope to share with all of you. It took me just over 100 days from the time I sent out my package that I prepared to Immigration Canada to being accepted as a Permanent Resident of Canada. I am truly blessed to be living in such a beautiful country like Canada and all the opportunities it has given me. Now I’m doing my part and giving back. Many people who land in Canada as new residents often find themselves lost when trying to establish credit to build a credit history. New Permanent Resident When I moved to Canada from the United Kingdom I was what they used to call a “Canadian Landed Immigrant” now called a “Canadian Permanent Resident”. Although I did some research on a Canada Immigration Forum it was more about the legal aspect rather than the financial. I already knew how to […]

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