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Canada Permanent Residence
After three years of residency and employment on the PR card, you can apply for Canadian citizenship. You may well have a Permanent Residency (PR) in Canada if you are a permanent resident, but this does not imply you are a Canadian citizen. You are most probably still a citizen of yet another nation at this stage.
If you are a permanent resident, you should stay in Canada for a minimum of two years during the course of five years. You risk losing your status as a permanent resident if you stay outside of Canada for more than three years.
Canada Permanent Residence Benefits
Once you obtain a PR, you are free to relocate to any Canadian territory or province. You are not required to remain with a company, a position, or even a province. Furthermore, there is no set restriction on the number of times your visa status may be extended. If they apply to be permanent residents, their family members are also eligible to dwell, study, and work in Canada.
All children of permanent residents (up to the age of 18) are guaranteed free education up to Grade 12 by the Canadian government. There are three stages of education in Canada: basic, secondary, and higher education. In addition, permanent residents receive a significant discount on university tuition rates.
Medical care is free for all Canadian permanent resident visa holders, and it also covers all prescription prescriptions paid for through taxes. As a permanent resident of Canada, you may also apply for public health insurance.
There are many more advantages, such as having simple access to Canadian citizenship with PR, but for those who place safety above all else, this is the most valuable perk of residing in Canada.
Canada Permanent Residence Requirements
If you wish to come to Canada and get permanent residency, you must not only satisfy the requirements of your selected immigration program, but you must also be eligible to enter or be admitted to Canada. This normally necessitates a clean criminal record, excellent health, sufficient income to maintain yourselves and your family, and the ability to easily settle in Canada.
Canada Permanent Residence Processing Time
The majority of permanent residency and citizenship services now display processing timelines that are updated weekly based on statistics from the past six months. These changes provide more accurate and up-to-date information.
The CIC office in Canada will calculate the processing time for your Canada PR application based on the date your application is received.
It is difficult to anticipate how quickly your Canada PR application will be granted because Canada PR processing time is dependent on a variety of criteria. Once IRCC receives a complete application package from persons who have satisfied their residence criteria, it typically takes 45 days to process PR cards for new permanent residents.
Canada is a good option but due to taxes, people do not recommend it as there are many other countries with low or no taxes on their citizens. Grenada's government have taken steps to ensure that people running overseas enterprises are happy with tax planning and optimization and with the available business administration options. So it would help if you considered to become Grenadian citizen. For more information, you can get contacted at immigrantinvest.com/grenad...izenship-by-investment-en/
In Grenada, there are no restrictions on the repatriation of profits or foreign capital, nor are there any capital gains, inheritance, wealth, or gift taxes.
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