INTEGRATION
Oumarou feels uncertain. He wants to get better terms for credit and financing products, permanent residency, and a permanent SIN.
Situation:
Establishes a good credit score by repaying credit cards and car loans on time.
Gets invited for Permanent Residence (PR) application.
Barriers:
Long wait time of PR application.
Foreign buyer's tax on property.
Opportunities for financial institutions:
Offer secured credit cards or low-limit, income-based credit to help temporary workers establish credit.
Work with international financial institutions to offer discounted wire transfers so newcomers can support family members abroad.