Expat Advice: Financial Issues in Toronto, Canada

What is the name of the city or town that you are reporting on?

Toronto

Which banks do you use? If you have a local account, which bank do you use? How do you like it? Do you also have an account in your home country? Which bank? Do they charge for ATM withdrawals? Do they charge a lot for international wire transfers? How has it been working with them from abroad? Do you use a special international wire transfer service? Do you use an online bank? If so, tell us about them.

Before retiring in Toronto, expats should research the cost of living in the city, as it is one of the most expensive cities in the country. They should also familiarize themselves with the Canadian healthcare system, as it is publicly funded and provides universal coverage. Additionally, expats should research the different neighborhoods in Toronto to find the one that best suits their needs and budget. It is also important to research the local job market, as Toronto is a major hub for many industries. Finally, expats should consider the climate in Toronto, as it can be quite cold in the winter months.

Allianz Care
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Allianz Care's plans ensure that you have access to quality healthcare whenever you need it. Our flexible solutions allow you to tailor your cover to meet your needs and budget. You can submit your claims digitally and our helpline is available 24/7 to help you anytime.

Allianz Care

Allianz Care's plans ensure that you have access to quality healthcare whenever you need it. Our flexible solutions allow you to tailor your cover to meet your needs and budget. You can submit your claims digitally and our helpline is available 24/7 to help you anytime.
Get Quote