Permanent residence pathways for Hong Kong residents
Since its launch on February 8th, the new IRCC public policy has triggered an immigration wave for Hong Kong residents seeking to move permanently to Canada. From 2019 to 2020, the number of Hong Kong residents who chose Canada to study and immigrate has risen by as much as 100%, and the ranking of Canadian universities and Canadian university tuition have also become popular searches.
Why is Canada more attractive to Hong Kong residents compared to the United Kingdom?
A comparison is drawn between Canada’s Permanent Residence Pathways for Hong Kong residents and the BNO 5+1 offered by government of the UK, based on the data collected in income, taxes, real estate market, medical and government expenses, and tuition, etc.
A comparison of income between Canada and the UK
In Canada, both the median monthly income and the minimum wage are more promising than those in the United Kingdom. In July 2021, the Canadian economy added more than 90,000 jobs. After the exhaustion, the employment market is expected to take off further.
A comparison of Taxes between Canada and the UK
As a country with well-rounded social welfare system, Canada’s tax rate is not higher than that of the United Kingdom. Regardless of whether it is income tax or consumption tax, Canada’s tax starting point is lower than that of the United Kingdom, and the difference between the two is as high as 5%.
The pathway program starts to drive more people from Hong Kong to obtain Canadian citizenship before returning to Hong Kong for better employment arrangement. As per the bilateral agreement between Canada and Hong Kong, in some particular circumstances, people who reside in Canada and Hong Kong can be exempt from taxation to one of the governments. At Tian’en, our certified public accountant will help manage your tax affairs. If your business in Hong Kong is your main source of income even after you obtain your permanent residence, our tax specialist will help you manage your company’s taxation. Book a consultation now for details.
A comparison of the real estate market between Canada and the UK
Property price, regardless of bigger cities or smaller ones, is relatively cheaper compared to that in the UK. With significantly larger geographical area, it is more likely to find larger and cheaper properties than in the UK.
A comparison of the social welfare system between Canada and the UK
Canadian permanent residents enjoy free medical care with no hidden charges. On the other hand, British BNO 5+1 plan requires applicants to prepare medical and administrative expenses for 6 years. Taking a family of three as an example, the overall expense for BNO 5+1 visa takes as much as 210,000, with the amount increases to 240,000 if adding another member to the family. In contrast, Canada provides free medical care and other social assistance with no or minimum charge.
the visa application, medical and government expenses for BNO immigrants are as high as 210,000, and the four-person family is as high as 270,000. Canada provides free medical care, which can save a lot of money.
Taking Vancouver as an example, medical care for residents of BC is free. To apply for a BC medical card, you only need to meet the following conditions:
– Be a Canadian citizen or permanent resident, or hold a study/work permit valid for more than six months;
– Valid address in the province of B.C.
- During the year (between January 1 and December 31), have lived in B.C. for at least six months
A comparison of the tuition between Canada and the UK
Compared to Britain, America, and Australia, Studying in Canada for university is proved to be the least expensive. In addition, minor children of Canadian student visa or work visa holders can enjoy free public primary and secondary education.
Stream A: In-Canada graduates
Under the new pathway program, Hong Kong residents can apply for permanent residency immediately after graduating from a recognized Canadian post-secondary institution. Please click for details on the PR pathways for HK residents. Generally, you only need to graduate from high school and be at least 17 years old. (Note: Some majors may have GPA for individual subjects.) If your English level is not that proficient and thus intend to skip any language tests such as IELTS or TOEFL, you can choose to take English preparatory courses first.
Canadian colleges can issue conditional offers to those whose English is not yet meeting the academic requirement. Upon finishing the required language studies, an official offer is provided in support of the application for study permit. When you finish your studies in Canada, you are eligible to apply for permanent residence through the Pathway program stream A. The Permanent residency is usually granted in 6 months, after which you can take advantage of the significantly reduced local tuition rate for any further education.
This is the most efficient and economical way to Canadian permanent residency.
After completing a two-year college program, you can apply for Canadian permanent residency through stream A of the Pathway program. Approximately half a year later, you will be granted status and you can use the tuition fees of local residents (about half of the tuition fees of international students) to continue to study in Canadian universities
Recognized Canadian post-secondary institutions
- 1 year certificate program (vocational with promising career prospects )
- 2-year diploma program (vocational with internship opportunities and promising career prospects)
- 2-year Credit Transfer degree program (Credits transferrable to reputable universities for third and fourth year studies)
- 4-year degree program
For more information on Canadian universities and application process, contact our RCIC right now
Immigration Specialists at Tian’En provide you with complete and exclusive immigration service:
- In-depth Consultation
- Individualized immigration planning
- Straightforward, transparent service fee, with no hidden charges
- Facilitate programs that demonstrate promising career prospects
- Flexible training sessions
- Complete document preparation
- Application for study permit / work permit and all relevant consultation
- Landing settlement service
- Facilitating job opportunities for newly graduates
About Tian’En
Tianen Group was established in Vancouver in 1997 and is headquartered in UBC University. For 25 years, we have been providing inclusive consultation service on Canadian Education, immigration, investment and and overseas property purchase.
Team of Specialist at Tian’En:
Tian’en Group has been able to incorporate experienced specialists in immigration, financial planning, tailoring study immigration planning to the specific needs of our clients.
Study in Canada = Permanently settle for the whole family (一人讀書 全家移民)
Spousal Open work permit
The spouse or common-law partner of a study permit or work permit holder is entitled to apply for spousal open work permit that requires NO previous related work experience and NO job offer
Eligibility:
- accompanying the spouse holding valid Canadian study permit or work permit;
- No criminal record and pass IRCC medical examination
- Dependent children of valid study permit / work permit holders enjoy free access to Canadian elementary and secondary public education system.
Canadian permanent residents are entitled to sponsor their parents, grandparents, and dependent children as long as the sponsor is :
– Canadian PR or Canadian citizen at least 18 years old;
- live in Canada (outside Quebec )
- Meet financial requirement for the latest three years at the time of application
Eligible applicants:
- Parents, grandparents (by birth or by adoption) of Canadian PR or Canadian citizens;
- Dependent children under 22 years old;
For more details, book consultation with Tian’en Immigration specialist now!
