Newcomer Essentials

First-Year Budget Planner

Estimate monthly and initial setup costs for a first year in Canada.

Basics

Monthly incomeiUse expected after-tax monthly income.

RentiExpected monthly rent.

TransportationiTransit pass, car costs, rideshare, or other transport.

Phone and internetiPhone plans, home internet, and basic connectivity.

GroceriesiFood and household basics.

Initial setup costsiFurniture, deposits, winter clothing, documents, and home basics.

Newcomers often face deposits, furniture, winter clothing, transportation, document fees, and temporary housing costs early on.

Build a starter buffer, compare phone and bank offers, and avoid long contracts before your plans settle.

Large cities can have higher rent and setup costs, so test a higher rent number if you are moving there.

Frequently asked questions

Should I include tuition?+

Add tuition to setup costs or monthly costs depending on how it is paid.

Should I budget before getting a job?+

Yes. Use conservative income and higher setup costs until your situation is stable.