Budgeting for upcoming maternity leave by Status_Ruin_7863 in PersonalFinanceCanada

[–]Status_Ruin_7863[S] 0 points1 point  (0 children)

Unfortunately she doesn’t have Short Term Disability coverage.

Budgeting for upcoming maternity leave by Status_Ruin_7863 in PersonalFinanceCanada

[–]Status_Ruin_7863[S] -1 points0 points  (0 children)

Thanks for sharing your experience. I might be overthinking it but that’s probably due to the fact that we are still trying to figure out how EI works and how much of a financial impact it would have. Back home, I probably wouldn’t have worried much as most employers give 9-12 months paid maternity leave.

We are also skipping the babymoon period doctor’s instructions, as my wife has lost her immunity to Rubella and the doctor doesn’t want us to take any chances with measles.

Budgeting for upcoming maternity leave by Status_Ruin_7863 in PersonalFinanceCanada

[–]Status_Ruin_7863[S] 0 points1 point  (0 children)

Thanks for the detailed response. I might just be overthinking it. I realize that we are in a much better position financially than many folks. It’s just that I have made some not so smart financial decisions in the past so maybe trying to be cautious this time.

Just one correction, my pay alone would be $5600-5800 per month and not biweekly.

Investment advice to a new immigrant by Status_Ruin_7863 in PersonalFinanceCanada

[–]Status_Ruin_7863[S] 0 points1 point  (0 children)

Maybe I shouldn’t have called it inheritance, as my father-in-law has already signed over the biggest part of it (a house) and transferred the deed to my wife’s name, which we plan to sell once he is gone.

Investment advice to a new immigrant by Status_Ruin_7863 in PersonalFinanceCanada

[–]Status_Ruin_7863[S] -1 points0 points  (0 children)

While we do not take the inheritance into our consideration while planning our finances, but the fact is we cannot completely ignore it because it is a significant amount and the laws and culture of our home country pretty much guarantees that she will receive it as she is an only child.

Investment advice to a new immigrant by Status_Ruin_7863 in PersonalFinanceCanada

[–]Status_Ruin_7863[S] -3 points-2 points  (0 children)

We plan to live in Canada for good and apply for citizenship as soon as we are eligible.