Your Complete Guide to Moving from Canada to Australia

Moving from Canada to Australia is an exciting opportunity, whether you’re seeking better weather, career growth, or a fresh start. However, the process involves more than just packing your bags—it requires careful planning, from securing the right type of visa to managing finances and adapting to a new culture.

In this guide, we’ll take you through everything you need to know about how to move to Australia from Canada—covering visa application, financial planning, key steps to take before leaving Canada, and how to settle smoothly in your new home.

Plus, we’ll show you how KnightsbridgeFX can help you save money when converting CAD to AUD, ensuring you get the best exchange rates for your move.

Understanding Visa and Residency Requirements

To live and work in Australia, you’ll need the right visa based on your circumstances. Below are some common options for Canadian citizens:

1. Work & Skilled Migration Visas

• Skilled Independent Visa (Subclass 189) – For highly skilled workers who lack employer sponsorship.
• Skilled Nominated Visa (Subclass 190) – For skilled workers nominated by an Australian state/territory.
• Temporary Skill Shortage Visa (Subclass 482) – For employer-sponsored professionals who meet specific work experience criteria.

2. Business & Investment Visas

• Business Innovation & Investment Visa (Subclass 188) – For entrepreneurs and investors seeking permanent residency.

3. Student Visa (Subclass 500)

• For those enrolling in Australian universities or vocational programs who meet the eligibility requirements.

4. Family & Partner Visas

• If you have a spouse, partner, or family member who is an Australian citizen or Australian permanent resident, you may be eligible for a family visa.

Processing Times & Costs

• Skilled visas: 6–12 months
• Student visas: ~2 months
• Work visas: 1–4 months

Check the official Australian Government Department of Home Affairs for up-to-date visa requirements.

Managing Your Finances for a Smooth Transition

Moving internationally means adjusting to a new financial system. Here’s how to prepare for your relocation financially:

1. Exchange Currency at the Best Rate

Banks often charge high fees for converting CAD to AUD. Instead, use KnightsbridgeFX, which offers better exchange rates than banks and lower fees for large money transfers.

2. Open an Australian Bank Account

Setting up a local bank account before arriving in Australia is recommended. Leading banks such as Commonwealth Bank, Westpac, NAB, and ANZ allow non-residents to open an account online.

3. Cost of Living in Australia vs. Canada

The quality of life in Australia is one of the highest in the world, but the cost of living varies by city. Sydney and Melbourne are the most expensive, while Adelaide and Perth offer more affordable options. Here’s an estimate of monthly expenses for a single person:

Rent in Sydney and Canberra is often higher than in Canadian cities like Toronto and Vancouver.

Essential Steps to Take Before Leaving Canada

1. Notify Government & Financial Institutions

• Update your tax residency status with the Canada Revenue Agency (CRA).
• Inform your bank, credit card companies, and insurance providers about your move.

2. Close or Maintain Canadian Bank Accounts

• If moving permanently, consider closing accounts to avoid fees.
• If keeping one open, ensure it has low or no monthly fees.

3. Transfer Money to an Australian Account

• Avoid high fees by using KnightsbridgeFX for better CAD to AUD exchange rates.

4. Arrange Health & Medical Records

• Canada and Australia have different healthcare systems.
• Obtain medical records and check if private health insurance is needed.

5. Pet Relocation

• Australia has strict pet import regulations, requiring microchipping, vaccinations, and quarantine.

6. Redirect Mail & Cancel Subscriptions

• Set up mail forwarding via Canada Post.
• Cancel subscriptions and memberships tied to your Canadian address.

Booking Your Flight from Canada to Australia

Flights from Canada to Australia can be expensive, but booking 3–6 months in advance can help you save money. Here are average one-way ticket prices:

Consider flights with stopovers to reduce costs and check baggage policies if you’re bringing a significant amount of luggage.

Settling in Australia: What to Expect

1. Housing & Renting

• Rent is higher in Sydney and Melbourne but lower in Adelaide and Perth.
• Consider short-term accommodation first while house-hunting.

2. Public Transport & Getting Around

• Major cities have excellent public transit (Sydney, Melbourne, Brisbane).
• Owning a car is necessary in rural areas due to limited transport options.

3. Healthcare System

• Australia has Medicare (public health insurance).
• Expats should consider private health insurance for better coverage.

4. Cultural Differences

Some key Australian slang to get used to:

• Flip-flops → Thongs
• Gas → Petrol
• Fries → Chips
• Sweater → Jumper

How KnightsbridgeFX Can Help You Save on Currency Exchange

When moving abroad, foreign exchange rates can significantly impact your finances. Canadian banks charge high fees for CAD to AUD conversions, but KnightsbridgeFX offers:

• Better exchange rates than banks
• No hidden fees on large money transfers
• Fast & secure transfers

Example: Saving on CAD to AUD Transfers

If transferring $10,000 CAD, using KnightsbridgeFX instead of a bank could save you hundreds of dollars.

Save Big on Your Move – Start Your Currency Exchange Today!

Moving from Canada to Australia is an exciting journey, but planning ahead is essential for a smooth transition. Securing the right visa, understanding the cost of living, setting up your finances, and preparing for cultural differences will help you settle in with confidence.

As you get ready for your move, don’t let currency exchange fees eat into your savings. KnightsbridgeFX offers the best CAD to AUD exchange rates, ensuring you get the most out of your money. Contact KnightsbridgeFX today to lock in a great rate and make your financial transition to Australia hassle-free.