I can imagine how much thought and hard work you must be putting in to come out with something that has bags full of information and can be of some help at least to others. Really appreciate your efforts. Well done and God bless!
Call regarding" SIN" once I also received a call from scammers sayings something like they have found me involved in some illegal activities bla bla,then I went to Canadian service just to get knowledge wt to do if we receive this kind of calls because the numbers they are calling from are almost identical with canada services authorities.so sometimes we cant ignore those calls and just attempt to answer. Then the representative explained me whenever Canada have some doubts or questions regarding anything they dont call your directly they send you a letter to your home address they never contact by a phone call.. So plz whenever you receive this kind of calls plz plz dont provide them your data or personal information .
Hey, great video. This is very important information to know to make the most of your finances. We were also guilty of some of these early on as immigrants in the US.
Hey guys..I am a new immigrant, living in Calgary. I was leaving for office this morning when I saw an alert for your new video. I dropped off my bag and tiffin, watched this video on TV and then left for office :) Great content! And thank you for helping fellow immigrants. God bless you both.
You guys have been a real gem in helping people coming to Canada. Although I am still in my intial stage, it will be an honour to talk to you guys. Looking forward to our call in 2 days.!😃😃
Guys I am an immigrant to US for about 20 years and let me share a few of my learnings. You said new immigrants don’t invest, I think that is mistake number one. You don’t have to invest It all, but you should start investing ASAP. If not a big amount then start small. Keep investing every month. Compounding is a big force and the more time you give the money to grow the better it will be. The time will not come back so please start putting money to good use. Secondly don’t be in a hurry to purchase a house. Make sure you have atleast 6 months of emergency money saved and attest 20-30 percent of the down payment.
I would like to add a thing here, You can use NiYo Card, keep money in indian account, whenever you spend it gets deducted from indian account with the visa exchange rate. I actually got hdfc forex and then realised about Niyo, then got Niyo. Make a vedio about that it can really help a lot of people. Plus there is a site called Instarem for international money transfer they take 5CAD for transferring 1000CAD exchange rates are similar to most. For mistake I opted about for RBC paper statement for getting a proof for OHIP. They had an option attached to it which costed me 2.5 CAD per month for a couple of months as I didn't check my statement properly.
Regarding Interests rate here, new permanent residents can open Tax Free Savings Account (TFSA) immediately with their banks. They can deposit 6000 CAD each year, invest that amount in mutual fund portfolios (can get 8-10% gain) or hold in high interest saving account (2% gain) with tax free returns . You can also open account for USD with RBC where you can save your money into USD and can take advantage of its increasing value.
Great job you guys both Navjot and Simran! Everything you told makes sense here and am glad that someone else too is talking about personal finance for newcomers, I am always very excited about this topic so much so that I switched my field and pursued certification in Financial Planning here in Canada! Just one thing that I would like to add, though it is important to save money for downpayment but you should explore other investment options that exist based on your time frame, that might outperform the interest that you earn in the bank. This could be achieved through investing in low risk funds like bonds, mortgage funds. For detailed information talk to a financial advisor who can guide you best and then compare your options.
Hey Guys! Love your videos. Just wanted point out one thing here. And its just my personal opinion, but would love to know your say. The first mistake is not really a mistake when you factor in exchange rate fluctuations. When you came the rates were probably 54 rs but now its 60rs. You may compare the same over 10 year period and you will find that its always a great idea to bring all the money here and invest here even if the rate is 1-1.5%. You will net out more than India due to exchange rates.
just a suggestion. think about it. I know it has only been a few months that you are in Canada but right now the real estate prices are quite down. As a first time home buyer you also get a rebate of 3000 CAD for your first home purchase. The home loan rates are also very low . I guess right now its 2.6 % . Go to your bank and ask them to get a "Soft check" of your credit rating. a proper check "Reduces" your credit rating as its done normally when you default a card payment or so. Soft check does not harm your credit rating. talk to them that you are thinking of buying a home. with the money you have in the bank you can easily do the down payment rest you take a loan. The home loan advisor will give you an approximate figure of how much you can spend on your home depending on your combined salaries plus your credit rating. e.g if he says you can buy a house worth 400,000 you can buy a 2 bedroom condo easily in Brampton on queens street corridor. the EMI and condo fees (utilities are included in Condo fees) together will be less than the rent you are paying. the loan advisor himself will have / suggest a realtor and a lawyer as they all have to work as a team for a customer. secondly RBC allows a 10000 CAD prepayment without penalty every year. in an year or 2 you can move out to a bigger house and put the condo on rent which gives decent 1200-1500 CAD per month. If you are lucky you might even find a Bank sale (foreclosure) flat with the bank. Just have a talk with them and figure out what is possible. try to stick with the bank you already have an account with as they will give better service. If your realtor is a nice person he or she will even try to get you a set of second hand appliances to start with. this had happened with me my realtor knew another family who was moving out to a bigger house and wanted to give up their stove and refrigerator. both were in very good condition as it was hardly used for 2 years and I got both together for just 400 CAD . To start with i only bought a microwave and blender as new appliance. after about 3 months there was a 90 % sale in Bad Boy furniture and that was when i got my bed, mattress, sofa, coffee table, shelving dining tables ect everything for under 3000 CAD. if you take it slow and steady and have patience for the right time you can save a lot of money and have a fully functional house of your own. If you have a vehicle try going around in neighborhood for Garage sales. lot of people who are moving will sell a lot of their belongings out of their Garage. you will get petti pack pieces of dinner sets, lamps, hand irons, vacuum cleaners small corner tables dining table chairs, lounge chairs, patio furniture ect ect for throw away prices. forget newcomers to Canada people who have lived over 20 years in Canada go Garage sale hunting !! had a Philipino friend - we called her garage queen😂😂. she had a knack for garage finds. she once came across a couple who were married only a few months ago and then got divorced and had laid out all their petti packed wedding gifts out for garage sale!! she got brand new comfortor sets, crockery and so much more for under 200 CAD !! she shipped it all to Philipines as Christmas gifts.
hmm some of this is good advice and some is too generic/misleading. Mortgage contracts vary. Some will allow you to pay much more than 10 g a year on top of your regular payments which is beneficial to many people. A pre-approval for a mortgage is more than jsut a soft check but is required when someone is serious about house purchase. The rebate amount for a new home varies by province as well. Every professional is concerned with their own job as well so I wouldn't say you need to go with whomever the bank recommends as that person will only keep the banks best interest. Due to the new stress test it is more difficult to be approved now than it was in the past even though interest rates are very low and prices have decreased so a good time to buy for sure.
@@canadianjatti its definitely not misleading. i had bought my condo in 2012 so I just shared my experience here. I would never mislead anyone so please be careful about the words you choose. Ive clearly said "think about it" talk about it to your bankers. Of course rules, process ect could be different from then to now but that does not mean im misleading. I personally had got a fantastic team thru my mortgage consultant and so I "Suggested" . about the pre-approval part- If you have read my comment well Ive clearly said that the loan advisor will suggest their eligibility "depending on their salaries and credibility" about the province part- Ive also clearly mentioned Brampton where this couple is presently staying so my comment about the rebate "clearly" talks about Toronto, ON . Again my comment or a harmless "suggestion" is based on my personal experience of home buying in Brampton.
Awesome! So informative. Just want to add one point at 6:51 that we can redeem the scene points at various other stores also like Footlocker, Gap, Sephora, Ardene, Harveys etc. The full list is available at their site. As now we cannot use those towards movies, so I redeemed them at Footlocker for new pair of shoes :P
Really good job guys...you guys have listed the most common mistakes by new immigrants. Also would like to add one more thing which is the World Financial Group (WFG) calls, promising job offers. They are a legit company, but very similar to a money chain concept. Looking forward to more videos 👍🏽
Thank you so much for putting out very relevant content, kudos for putting the phone call snippet! Looking forward to more financial saving and investment tips in Canadian context. Thanks!
I am a pakistani and considering immigration, I love your videos... There arent many utube channels that I watch but I have been watching your videos and find them so informative, thank you guys 😊 Keep up the good work!
It's alright, we all made mistake and learn from them...at least you are there, talking to us now, spreading love like butter on a baked toast...I like watching you guys on my big screen...!! 💕💕💕💕💕💕
You can transfer money.. Just open an NRE Account in any bank preferably kotak... nd you can take benefit of change in rate...you dont need to pay even one rs tax
Great stuff. Love this. Also scotia has different momentum cards. I have one with 1% cashback on grocery and 2% on everything else. Works out well. In the first 6months my cashback was $204. This is the second half now and I've already gathered another $145. I agree with keeping your savings where you can earn back on them...its no use having saving accounts here.
Keep sharing such personal experiences and learnings guys.....I follow quite a few channels regarding Canada immigration, express entry and travel but these lil things keep you demarcated and special in a way 😇😇😇
Hey Guys, try to explore Credit Unions in Canada. I use a credit union here in the US, their interest rates on mortgage and auto loans are really competitive compared to traditional banks. For credit cards, if you are planning to travel post COVID and want to use miles, explore the Amex and TD Aeroplan cards. Costco in US also issues credit cards, perhaps they do in Canada too. They provide 4% cashback for CostCo purchases in US. Hope they have something similar in Canada.
As I always say this is the best channel to get genuine knowledge .I really dont know who's that person who dislike .Guys thankyou so much for sharing so much .Being punjabi and from punjab listening u talking hindi in such high way ,really hatts off to u guys .God bless u.Seeing your vlogs I also start thinking to shift to canada
Guys u r rocking and very informative. Bt the thing is, since u make videos in ur native language, it's lil difficult to follow. So jus a humble req, tat why don't u make videos in English coz viewers from down south are many! Thankyou
Hey Guys, I have commented on one of your other video about an interesting topic if you could make a separate video on that. I am currently working in USA and waiting for an Invitation with a score of 475. I live close to the canadian border near Detroit. If you guys can do Q&A with someone in your youtube family who is commuting from Canada to USA on H1B, that will be a greatly appreciated. There is very less info online in regard of this topic. Thanks.👍🏻 keep it up.
If I come to Canada.. apart from trying to have coffee with you guys .. I will visit that special bench.. It’s become a connection to me .. to Canada ...🤩😃
Mistakes(with solutions): 1. Getting all the money to Canada. 2. Keeping money in Savings account in Canada. 3. Not using your credit cards. 4. Getting credit card protection. 5. Falling for fake service calls in Canada.
Guys you people are making good content.... i started watching your videos when you had 8k subscriber in march before your landing. And now you guys have scored half century .. keep going.
You can Transfer all your CAD to Indian Banks FCNR , that way you have no Risk of the Exchange speculation of the CAD and you will get a good interest of atleast 3% and upon maturity you can bring it back to Canada in CAD itself ...max incoming charges will be $30 .
4 bank accounts. 2 savings account for regular use (1 for each partner), 1 joint brokerage account, 1 back-up account. Each savings account should have 6 months rent money at max. Every extra penny goes to brokerage/investing account. Back-up account should contain enough money for emergency flight to and fro India-Canada and 1 week stay expenses. Make a habit of paying the entire balance of Credit Card every Sunday morning when you wake up to check the notifications on the phone.
All of your videos do so much of value addition and they are so informative. Keep up the good work! I am moving to Canada in next month and I hope I get to meet you guys some day.
You would still be making a mistake if you move money to India FD for a higher percentage. Because you are not considering the currency value changes. CAD rose from 52 to 55 INR (Approx) in last year itself which is 5.7% growth. SO if you still keep the CADs that better than investing in India. Keep 4 months needs cash in the bank and then rest invest in stocks. Stocks in long terms are great benefits, You get extra from Dividends. Check out any big stock their grown in last year is at least 40% in a year. (MSFT, AMZN, GOOGLE) Inflation in Canada is roughly 2%, so even if online bank gives you 2.25% you are really making 0.25% from it.
Hi while the interest rates are lower in Canada, you haven't accounted for exchange rate fluctuations.... Over the last year, Indian currency has devalued against CAD by 7-8% so even by earning a higher interest rate in India, you won't add any material advantage to your wealth...so don't feel too bad about bringing your money to Canada ...you haven't done too badly. Remember that you need to pay special attention to currency rate arbitrage between CAD and INR
They are doing a good job...also they are cute when one speaks and other moves his/ her head like a chicken... it's cute....
Haha
Hahaha True That
Now watch them in 2x speed.. even funnier!
What an observation...
@@piyushjain0509 hahahaha true that..lol
I can imagine how much thought and hard work you must be putting in to come out with something that has bags full of information and can be of some help at least to others. Really appreciate your efforts. Well done and God bless!
Thank you 😍
@@Potatotalkies guys can you tell me how can.i improve my spoken English?
Absolutely agreed 🙂👍🙏
@@manishkhawdiya7825 practice make perfect. Watch english videos with subtitles. You can also slow ghe video pace to follow along.
Call regarding" SIN"
once I also received a call from scammers sayings something like they have found me involved in some illegal activities bla bla,then I went to Canadian service just to get knowledge wt to do if we receive this kind of calls because the numbers they are calling from are almost identical with canada services authorities.so sometimes we cant ignore those calls and just attempt to answer.
Then the representative explained me whenever Canada have some doubts or questions regarding anything they dont call your directly they send you a letter to your home address they never contact by a phone call..
So plz whenever you receive this kind of calls plz plz dont provide them your data or personal information .
Hey, great video. This is very important information to know to make the most of your finances. We were also guilty of some of these early on as immigrants in the US.
Identifying fraud calls was really helpful..
Thanks..!!
Hey guys..I am a new immigrant, living in Calgary.
I was leaving for office this morning when I saw an alert for your new video. I dropped off my bag and tiffin, watched this video on TV and then left for office :)
Great content! And thank you for helping fellow immigrants. God bless you both.
Thankyou 😍🤗
You guys have been a real gem in helping people coming to Canada. Although I am still in my intial stage, it will be an honour to talk to you guys. Looking forward to our call in 2 days.!😃😃
Guys I am an immigrant to US for about 20 years and let me share a few of my learnings. You said new immigrants don’t invest, I think that is mistake number one. You don’t have to invest It all, but you should start investing ASAP. If not a big amount then start small. Keep investing every month. Compounding is a big force and the more time you give the money to grow the better it will be. The time will not come back so please start putting money to good use. Secondly don’t be in a hurry to purchase a house. Make sure you have atleast 6 months of emergency money saved and attest 20-30 percent of the down payment.
I would like to add a thing here,
You can use NiYo Card, keep money in indian account, whenever you spend it gets deducted from indian account with the visa exchange rate.
I actually got hdfc forex and then realised about Niyo, then got Niyo. Make a vedio about that it can really help a lot of people. Plus there is a site called Instarem for international money transfer they take 5CAD for transferring 1000CAD exchange rates are similar to most.
For mistake I opted about for RBC paper statement for getting a proof for OHIP. They had an option attached to it which costed me 2.5 CAD per month for a couple of months as I didn't check my statement properly.
👏👏
Seedhi baat, no bakwas...keep up the good work.
Regarding Interests rate here, new permanent residents can open Tax Free Savings Account (TFSA) immediately with their banks. They can deposit 6000 CAD each year, invest that amount in mutual fund portfolios (can get 8-10% gain) or hold in high interest saving account (2% gain) with tax free returns .
You can also open account for USD with RBC where you can save your money into USD and can take advantage of its increasing value.
Great job you guys both Navjot and Simran!
Everything you told makes sense here and am glad that someone else too is talking about personal finance for newcomers, I am always very excited about this topic so much so that I switched my field and pursued certification in Financial Planning here in Canada!
Just one thing that I would like to add, though it is important to save money for downpayment but you should explore other investment options that exist based on your time frame, that might outperform the interest that you earn in the bank. This could be achieved through investing in low risk funds like bonds, mortgage funds. For detailed information talk to a financial advisor who can guide you best and then compare your options.
First and most genuine channel till now.....
May God gives you the strength to continue the good work.
🤗🤗
seriously guys no one can do this job in youtube you are great
Our cordial wishes n prays are with you Semrin and Najovit : The potato talkies.
Keep it up
Hey Guys! Love your videos. Just wanted point out one thing here. And its just my personal opinion, but would love to know your say.
The first mistake is not really a mistake when you factor in exchange rate fluctuations.
When you came the rates were probably 54 rs but now its 60rs. You may compare the same over 10 year period and you will find that its always a great idea to bring all the money here and invest here even if the rate is 1-1.5%.
You will net out more than India due to exchange rates.
Makes sense
just a suggestion. think about it. I know it has only been a few months that you are in Canada but right now the real estate prices are quite down. As a first time home buyer you also get a rebate of 3000 CAD for your first home purchase. The home loan rates are also very low . I guess right now its 2.6 % . Go to your bank and ask them to get a "Soft check" of your credit rating. a proper check "Reduces" your credit rating as its done normally when you default a card payment or so. Soft check does not harm your credit rating.
talk to them that you are thinking of buying a home. with the money you have in the bank you can easily do the down payment rest you take a loan. The home loan advisor will give you an approximate figure of how much you can spend on your home depending on your combined salaries plus your credit rating. e.g if he says you can buy a house worth 400,000 you can buy a 2 bedroom condo easily in Brampton on queens street corridor. the EMI and condo fees (utilities are included in Condo fees) together will be less than the rent you are paying. the loan advisor himself will have / suggest a realtor and a lawyer as they all have to work as a team for a customer. secondly RBC allows a 10000 CAD prepayment without penalty every year. in an year or 2 you can move out to a bigger house and put the condo on rent which gives decent 1200-1500 CAD per month. If you are lucky you might even find a Bank sale (foreclosure) flat with the bank. Just have a talk with them and figure out what is possible. try to stick with the bank you already have an account with as they will give better service. If your realtor is a nice person he or she will even try to get you a set of second hand appliances to start with. this had happened with me my realtor knew another family who was moving out to a bigger house and wanted to give up their stove and refrigerator. both were in very good condition as it was hardly used for 2 years and I got both together for just 400 CAD . To start with i only bought a microwave and blender as new appliance. after about 3 months there was a 90 % sale in Bad Boy furniture and that was when i got my bed, mattress, sofa, coffee table, shelving dining tables ect everything for under 3000 CAD. if you take it slow and steady and have patience for the right time you can save a lot of money and have a fully functional house of your own. If you have a vehicle try going around in neighborhood for Garage sales. lot of people who are moving will sell a lot of their belongings out of their Garage. you will get petti pack pieces of dinner sets, lamps, hand irons, vacuum cleaners small corner tables dining table chairs, lounge chairs, patio furniture ect ect for throw away prices. forget newcomers to Canada people who have lived over 20 years in Canada go Garage sale hunting !! had a Philipino friend - we called her garage queen😂😂. she had a knack for garage finds. she once came across a couple who were married only a few months ago and then got divorced and had laid out all their petti packed wedding gifts out for garage sale!! she got brand new comfortor sets, crockery and so much more for under 200 CAD !! she shipped it all to Philipines as Christmas gifts.
hmm some of this is good advice and some is too generic/misleading. Mortgage contracts vary. Some will allow you to pay much more than 10 g a year on top of your regular payments which is beneficial to many people. A pre-approval for a mortgage is more than jsut a soft check but is required when someone is serious about house purchase. The rebate amount for a new home varies by province as well. Every professional is concerned with their own job as well so I wouldn't say you need to go with whomever the bank recommends as that person will only keep the banks best interest. Due to the new stress test it is more difficult to be approved now than it was in the past even though interest rates are very low and prices have decreased so a good time to buy for sure.
@@canadianjatti its definitely not misleading. i had bought my condo in 2012 so I just shared my experience here. I would never mislead anyone so please be careful about the words you choose. Ive clearly said "think about it" talk about it to your bankers. Of course rules, process ect could be different from then to now but that does not mean im misleading. I personally had got a fantastic team thru my mortgage consultant and so I "Suggested" . about the pre-approval part- If you have read my comment well Ive clearly said that the loan advisor will suggest their eligibility "depending on their salaries and credibility" about the province part- Ive also clearly mentioned Brampton where this couple is presently staying so my comment about the rebate "clearly" talks about Toronto, ON . Again my comment or a harmless "suggestion" is based on my personal experience of home buying in Brampton.
U guys are a blessing for those who are seeking to immigrate there. Selfless, true n transparent. God bless u guys. Love❤️
Fraud wala call mast thaaa.. 😂😂
Gr8 help guys.👍
Credit insurance is interesting and awesome info. Just to add on bringing money, money will loss value in India due to currency fluctuation
Great Work. Lots of research.
Thank you
Biggest Fan !! U both are Awesome..No one can give this much info..Gr8 Going !!
Awesome! So informative. Just want to add one point at 6:51 that we can redeem the scene points at various other stores also like Footlocker, Gap, Sephora, Ardene, Harveys etc. The full list is available at their site. As now we cannot use those towards movies, so I redeemed them at Footlocker for new pair of shoes :P
Your videos are incredibly helpful. Thanks a lot
Really good job guys...you guys have listed the most common mistakes by new immigrants. Also would like to add one more thing which is the World Financial Group (WFG) calls, promising job offers. They are a legit company, but very similar to a money chain concept.
Looking forward to more videos 👍🏽
Thank you so much for putting out very relevant content, kudos for putting the phone call snippet! Looking forward to more financial saving and investment tips in Canadian context. Thanks!
Great video guys!!! Congratulations on 50 k
Great......last one.... really very useful......
I am a pakistani and considering immigration, I love your videos... There arent many utube channels that I watch but I have been watching your videos and find them so informative, thank you guys 😊
Keep up the good work!
🤗🤗
Thanks guys, no one covered this topic. Really helpful.
Very well explained such important points!
Thanks for this information .
It's alright, we all made mistake and learn from them...at least you are there, talking to us now, spreading love like butter on a baked toast...I like watching you guys on my big screen...!!
💕💕💕💕💕💕
My husband is your fan guys..I rarely find him completing the vloggers..keep going guys..good content 👍🏻👍🏻
😍👏
ITS REALLY AMAZING TUNING TO YOUR VIDEOS.
😀
It was really very very informative for all..!
Specially for new comers..!
Thanks to both of you to making these kind of sensefull videos.
We should consider dollar appreciation,which will beat Indian bank interest rate eventually
Hello to both of you...
Excellent video... information worth sharing... thanks a ton... stay blessed always.
Great information, keep helping people
Thanks paaji best info... Keep going...
As usual very productive video. Thank you
👍👍
You can transfer money.. Just open an NRE Account in any bank preferably kotak... nd you can take benefit of change in rate...you dont need to pay even one rs tax
This is wrong it is fully taxable in Canada.
Thank you so much for the detailed video. Really appreciate.
Very very useful information. Specifically the last one.
Thanks for guiding us..
Amazing video....
thanks for this informative information
😃😃
Great stuff. Love this.
Also scotia has different momentum cards. I have one with 1% cashback on grocery and 2% on everything else.
Works out well. In the first 6months my cashback was $204. This is the second half now and I've already gathered another $145.
I agree with keeping your savings where you can earn back on them...its no use having saving accounts here.
😃👍
Keep sharing such personal experiences and learnings guys.....I follow quite a few channels regarding Canada immigration, express entry and travel but these lil things keep you demarcated and special in a way 😇😇😇
🤗🤗🤗
Hats off to you guys for such efforts.
Good video and excellent information thanks
Hey Guys, try to explore Credit Unions in Canada. I use a credit union here in the US, their interest rates on mortgage and auto loans are really competitive compared to traditional banks.
For credit cards, if you are planning to travel post COVID and want to use miles, explore the Amex and TD Aeroplan cards. Costco in US also issues credit cards, perhaps they do in Canada too. They provide 4% cashback for CostCo purchases in US. Hope they have something similar in Canada.
Great effort. A big thanks and lots of hugs Ruby here...
🤗
Thank you so much for the tips! I respect you guys for all the hard work that you put into all of this despite this not being your full time job 🤗
Thanks for changing your seating position 😊 Simran
Superb information... God bless you both.
As I always say this is the best channel to get genuine knowledge .I really dont know who's that person who dislike .Guys thankyou so much for sharing so much .Being punjabi and from punjab listening u talking hindi in such high way ,really hatts off to u guys .God bless u.Seeing your vlogs I also start thinking to shift to canada
Thank you so much 😍😍
Highly appreciate your efforts in making this informative & helpful video. Well done guys!
very helpful informations, thanks a lot for these unusual but important topics...
Thanks for the gr8 videos guys. I can connect the last fraud points with one of the case happened wid my Frd.
Guys u r rocking and very informative. Bt the thing is, since u make videos in ur native language, it's lil difficult to follow. So jus a humble req, tat why don't u make videos in English coz viewers from down south are many!
Thankyou
Too good. Very informative.. really helpful
😃
Aap ka Bahot Bahot Dhanyawad
Super vlog.. practical info. Thanks 😊 a lot
Hey Guys, I have commented on one of your other video about an interesting topic if you could make a separate video on that. I am currently working in USA and waiting for an Invitation with a score of 475. I live close to the canadian border near Detroit. If you guys can do Q&A with someone in your youtube family who is commuting from Canada to USA on H1B, that will be a greatly appreciated. There is very less info online in regard of this topic. Thanks.👍🏻 keep it up.
If I come to Canada.. apart from trying to have coffee with you guys .. I will visit that special bench.. It’s become a connection to me .. to Canada ...🤩😃
Mistakes(with solutions):
1. Getting all the money to Canada.
2. Keeping money in Savings account in Canada.
3. Not using your credit cards.
4. Getting credit card protection.
5. Falling for fake service calls in Canada.
These r mistake or solution
@@haariskhan5307 these are the mistakes they've listed in this video along with the solutions.
Your videos are very informative and useful 👌👍
Guys you people are making good content.... i started watching your videos when you had 8k subscriber in march before your landing. And now you guys have scored half century .. keep going.
Thanks guys for putting all the efforts and time to make these informative videos. Keep it up. 🙂
You can Transfer all your CAD to Indian Banks FCNR , that way you have no Risk of the Exchange speculation of the CAD and you will get a good interest of atleast 3% and upon maturity you can bring it back to Canada in CAD itself ...max incoming charges will be $30 .
You guys are amazing 🤩!!!! Your videos are always to the point and informative…
You have given good information on banking credit ir debut cards and fake calls etc to young insurance in the canada.
Very Informative!! Thank you so much for such information!! Very much needed!!
You guys are doing great job. Thank you so much for all these guidance. May God bless you both. ❤
🤗🤗
Thank you so much for your information share 👍🏻
Badhiya information
4 bank accounts. 2 savings account for regular use (1 for each partner), 1 joint brokerage account, 1 back-up account.
Each savings account should have 6 months rent money at max. Every extra penny goes to brokerage/investing account. Back-up account should contain enough money for emergency flight to and fro India-Canada and 1 week stay expenses.
Make a habit of paying the entire balance of Credit Card every Sunday morning when you wake up to check the notifications on the phone.
Great
Thank you
All of your videos do so much of value addition and they are so informative. Keep up the good work! I am moving to Canada in next month and I hope I get to meet you guys some day.
😃👍
Amazing Video👍🏻
Keep going guys🏆
Beautiful
Worth explanation dear
Both of you are rocking like anything I mean the things you explain the topics you choose incredible!
👏👏
Hey Guys...Thank you for sharing such precious knowledge. Its really hard to get good content. You inspired me to start my own channel
All the best 👍
You would still be making a mistake if you move money to India FD for a higher percentage. Because you are not considering the currency value changes. CAD rose from 52 to 55 INR (Approx) in last year itself which is 5.7% growth. SO if you still keep the CADs that better than investing in India. Keep 4 months needs cash in the bank and then rest invest in stocks. Stocks in long terms are great benefits, You get extra from Dividends. Check out any big stock their grown in last year is at least 40% in a year. (MSFT, AMZN, GOOGLE)
Inflation in Canada is roughly 2%, so even if online bank gives you 2.25% you are really making 0.25% from it.
Very nice information mentioned thank you very much for your time and useful important information
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Congratulations... Navjot is a wise boy...
Such a good information you shared with all of us, This will helps a lot to many peoples...Keep doing the great work.
I always enjoy watching ur vdos. Thanx for providing such important information to all of us ... 👍👍
As usual very informative, thank you guys. You take out time from your personal time and jobs. #salute #respect 🙂
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That was a computerized call very common in United States
Lovely content! Keep up the good work!
thanx buddy, good job
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You guys are doing great 👍
Scene card can be used for purchasing stuff with sene points .
Hi while the interest rates are lower in Canada, you haven't accounted for exchange rate fluctuations.... Over the last year, Indian currency has devalued against CAD by 7-8% so even by earning a higher interest rate in India, you won't add any material advantage to your wealth...so don't feel too bad about bringing your money to Canada ...you haven't done too badly. Remember that you need to pay special attention to currency rate arbitrage between CAD and INR
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Agreed!
@@Potatotalkies you guys are super cute ... btw
Very nice and great informative video 👍🏻👍🏻👍🏻👍🏻🙏🙏🙏🙏🙏☺️☺️☺️☺️☺️
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Appreciate your efforts for getting all the information. Good goin...Navjot when will you upload a video about your new job and how did you get it
Soon, maybe next week :)
Well done guys!👌👍
Useful information
Just love ur presentation style n thanks a ton for ur great efforts
Thanks for the video...it was a lot informative.....It will actually help us...
Simi maam kitni positive hai ..😊all credits to Simran maam in this video...she actually explains so well . ..
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