Conditions and materials for applying for a loan for studying in Canada

# Studying in Canada # Introduction The cost of studying in Canada is not a small sum, so many people are very upset. In fact, you can apply for a loan to study in Canada. The following are the conditions and materials of studying abroad loan in Canada shared by KaoNet. Welcome to read the reference! 1. Conditions and materials of studying abroad loan in Canada

First, the conditions for applying for a study abroad loan in Canada

1) has lived in this province for 12 months and belongs to the residents of this province;

2) Low economic income.

Foreigners studying in Canada should have sufficient economic strength if they can't get scholarships, grants or allowances. People often hear the story of work-study program, but the story is a story after all. In Canada, it is impossible for international students to pay enough tuition and living expenses just by working. Learning is hard and time-consuming, and it is impossible to have both. According to the Canadian immigration law, students who stay in Canada with student visas must study full-time to maintain their student visas, and are not allowed to work outside the school. Once found out, they will be sent back to China. However, a work permit may be issued under the following circumstances:

① Graduate students are assistants of teachers or laboratories, namely teaching assistants and research assistants;

(2) doing other work in the school, such as cafes and restaurants;

③ The courses selected by students need a period of practice;

(4) Engaged in study-related work after graduation, but only allowed to work 1 year. Find your own job. If you can't find a job three months after graduation, this opportunity is gone.

⑤ There are serious problems in the student's home country or financial guarantor, and the funding is interrupted.

Two. Materials to be prepared for studying in Canada:

1. Legal and valid identity documents (resident identity card, household registration book or other valid residence documents) and their copies. Married persons should also provide the above information of their spouses;

2. Proof of stable economic income of the borrower (family);

3. The borrower's stable occupation certificate;

4. List of collateral or pledge and ownership certificate;

5. The student's school registration certificate or admission notice and other admission certificates;

6. Other documents or materials required by the bank.

2. Canada's study abroad tax rebate and welfare policy

1.GST/HST tax refund

GST/HST is the full name of Goods and Services Tax/Harmonized Sales Tax, that is, Goods and Services Tax/Harmonized Sales Tax. The GST in Canada is 5%, and different provinces have their own tax savings (PST). The combination of these two taxes is HST. In our usual shopping, we will pay a certain amount of GST/HST, and in the annual tax refund season, the government will refund some taxes to individuals.

Canadian students who come to study can also get this tax rebate. As long as you are 19 years old and live in Canada, that is, you meet the requirements of tax residents, you can get a quarterly tax rebate in 62 yuan.

2. Tuition refund

Tuition during studying abroad should be a huge expense. Tuition fees play a role in reducing income when filing tax returns, thus reducing the tax to be paid. If there is no income in the tax year, the amount of tuition deductible income will be accumulated and used in future work. Once you have a job income, when you start to pay taxes, tuition will help you get a tax refund.

If you forget to declare the tuition fee when you file your tax return, you can pay the tuition fee no matter how long it takes. The tax deduction of tuition fees can be accumulated for a maximum of five years, and the tax that has not been deducted by international students within five years can be deducted from their current taxes at one time.

3. Scheduled tax refund

North American textbooks are notoriously expensive, and a book costs tens of Canadian dollars at every turn. Full-time students in Canadian schools can get a tax refund of 65 Canadian dollars per month, and even half-time students can get a tax refund of about 20 Canadian dollars.

4. Consumption tax rebate

This tax rebate is basically only available to international students, and it is ***$ 100.

5. Accumulated RRSP quota

Registered Retirement Savings Plan (RRSP) is an account designed to help Canadians plan their future. For international students, a certain amount of RRSP investment can be accumulated every year for tax declaration. When there is work income in the future, the money saved in RRSP every year can be deducted from the income of that year, thus reducing the income tax to be deducted in that year. However, international students who come to Canada do not need to open an RRSP account in a hurry, because there is no RRSP quota in the first year, but they can learn about RRSP in advance, and they can use RRSP for reasonable tax relief after they have the conditions for work and investment in the future.

3. Introduction to the daily life of studying in Canada

First of all, about traffic.

First of all, let's take a look at the main travel modes in Canada:

1. Taxi

Canadian taxis (taxi or cab, sometimes taxicab) usually call in Canada and don't pick up passengers on the street. Unless it is in some shopping centers, large office buildings, hotels, airports, railway stations and bus stops, it can be found. So if you want to take a taxi at school, you need to call in advance to make an appointment. Every taxi is printed with the company's phone number. Just remember the names of several different companies. After calling a taxi, the car quickly arrived at the boarding place. If the taxi driver doesn't show up at the place, the driver will also call to communicate.

2. Bus

Buses in Canada are the most popular mode of transportation. If you bring a lot of luggage, taking the bus will save a lot of effort than taking the subway. You can swipe your card or coin by bus, but you can't use cash. There are two kinds of rides by credit card, one is the specified number of times, and the other is the specified time. When traveling at school, you must first confirm the bus route and arrival schedule (there is a delivery schedule on the bus). Bus arrival time is usually very punctual, as long as you arrange the ride time.

go on foot

You must take the sidewalk when crossing the road, because the speed in Canada is very fast. Pedestrians usually walk on the right, but they must follow the rule that "the car must let people".

In addition, there are many other tools in Canada, such as subways and trains. Be sure to get ready before boarding the plane ~

Second, about food.

Because Canada is dominated by western food, bread, hamburgers and sandwiches are the staple foods of students. Locals also like to eat sardines and game, and prefer to eat raw vegetables, such as tomatoes, broccoli, onions, potatoes, cucumbers and so on. It tastes light and sweet, and I don't like it too salty.

If students live in a host family, the host will prepare breakfast and dinner. Students need to bring their own Chinese food to school the night before the next day.

Among the three meals a day in Canada, breakfast is relatively simple, mainly eating toast, eggs, bacon, milk, juice, vegetarian porridge, cornflakes porridge and so on. It is also easier to bring rice or fast food for lunch. There are usually sandwiches, drinks and fruits. Dinner is a big meal. The staple food is chicken, beef, fish and pork chops, supplemented by potatoes, carrots, beans, bread, milk and drinks. I like to use clear soup (beans, radishes, etc. ).

Reminder: If you are not used to western food, students can make their own Chinese food with the cooking utensils of the host family. Students who have meals can use the microwave oven provided by the school for free. If students live in school dormitories, they can eat in the school cafeteria.

However, in Canada, all China foods are very expensive, such as jiaozi and Tangyuan. Because these are handmade, the cost will be higher. Of course, if you have time and prefer to eat this kind of food, you can buy some flour and make your own jiaozi or glutinous rice balls when you get back to your residence. This is economical and affordable, and it will also increase the interest of life.

Third, about renting a house.

Renting a house should be the first consideration for every international student. What kind of room to rent and what to pay attention to when renting a house are all issues that newcomers should carefully consider when studying abroad.

Most international students in Canada will choose apartments near the school, because apartments have convenient transportation, complete public facilities and safety, and have become the hottest housing in the rental market at present. Many apartments can provide 24-hour security service for tenants. Public facilities include swimming pool, gym, meeting room, barbecue place, and some even provide parking spaces, which is a good choice for international students who have just arrived in Canada.

For students with high housing demand, condo (serviced apartment) is strongly recommended here except apartments. This kind of apartment is usually located in a location with convenient transportation and life, which is very popular among international students. Moreover, condo will also open swimming pools, gyms and other facilities to residents free of charge, but the price is not cheap. The disadvantage of Condo is that most homeowners are private landlords, and the requirements for tenants will be different. It is difficult for students who have just arrived in Canada to provide work certificates, credit reports and so on. But landlords usually ask international students to pay a few months' rent as a deposit to solve this problem.

If you choose a villa, the housing area will be larger and more comfortable. Unlike China, Canadian houses are cheaper than apartments. And living in an apartment in Canada, you basically have to buy your own furniture.