Share

A guide for Canadians moving to New York City

Moving from Canada to New York City? We've got you covered. Check out tips on everything from finding an apartment to managing your taxes and transferring your Canadian credit history

Nova Credit receives compensation from third-party advertisers, but this content is not provided by them. Any opinions, analyses, reviews or recommendations expressed in this article are those of the authors alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

Alison Rogers
Journalist and real estate broker

Canada and the U.S. have rubbed shoulders for a very long time — the U.S.-Canadian border, more properly called the International Boundary, is more than 5,000 miles long, making it the longest border between any two countries in the world.  Perhaps because of that physical contact, Canadians and Americans tend to get along. Canadian Prime Minister Justin Trudeau called the two countries “closer than friends…more like siblings really.” Toronto and Montreal are each only about an hour-and-a-half flight away from New York City, according to SkyScanner.  There are currently about 45,000 Canadians in the tri-state area of New York, New Jersey and Connecticut. 

Feeling homesick?

The Canadian Association of New York hosts the black-tie Maple Leaf Ball as well as other events for expats. Tribeca bar Warren 77  is a good place to watch hockey, though it’s full of Rangers fans (New York Ranger alum Sean Avery was a founder.) If they’re not playing the Rangers, you can see the Maple Leafs at Dewey’s Pub in Midtown. If you just want to drink without watching sports, Brooklyn’s Ontario bar serves Molson and Labatt’s. 

For eats, M. Wells in Long Island City makes a mean poutine, as does Mile End Deli in Brooklyn and Pommes Frites in the West Village. Although relatively new owner Burger King shuttered a lot of New York stores, there’s still a Tim Horton’s in Penn Station if you have a craving for Timmy Ho’s coffee. Butter tarts pop up from time to time at Brooklyn’s Smorgasburg. And newly opened Bar Bête serves French-Canadian food in Carroll Gardens. 

To call Canada from the U.S., check out these cell phone providers: T-Mobile offers plans that include unlimited calls to Canada, as does Verizon. AT&T includes calls to Canada in certain plans. Learn more here while Sprint doesn’t charge for calls to Canada.

You can now use Nova Credit to access your international credit history and apply for a postpaid plan with a major U.S. cell phone company in selected cities that can help you finance your purchase and access better call/text/data plans. On a prepaid plan, you generally pay for your phone service upfront whereas the primary advantage of a postpaid plan is that you receive a bill at the end of the month based on your usage, which often offers better value for money and the option to get finance your phone over time through your monthly bill. Feel free to send questions to help@novacredit.com.

How to find an apartment

Publications such as the New York Times, craigslist.org and brokerage websites are all good sources of real estate listings. If you are connected to a college or university, their local housing office can help too. To find an apartment, consider your budget, your commute, and your social needs. Then consider your budget again. A 2019 report by Miller Samuel for Douglas Elliman noted that Manhattan median rent was $3,600 per month, while in Brooklyn it was $2,950.

Ask the landlord if he or she uses Yardi, Intellirent, or First Advantage -- these are all companies that accept an international credit history from selected Nova Credit-enabled countries like Australia, Canada, India, Mexico and the UK to reduce the upfront costs of your move. If they still require a U.S. guarantor, you can opt for a service like The Guarantors, a Nova Credit partner that will guarantee lease payments for a fee. 

Use your international credit history as part of your rental application

Learn More

In New York City, new rent regulations state that you can hire your own rental broker, but as a tenant, you no longer have to pay the broker who represents the landlord. Remember to ask the landlord’s broker what is included in the price. In Toronto, for example, there has been a development boom of new condos—but in New York a condo could be from the 1980s or even older, with a different set of amenities than a modern building. Some questions you’ll want to ask are (“Who pays for heat?” “Who pays for Internet?” “Can I use the building’s gym, and if so, what’s the charge?”) 

In addition to any brokerage fee, buildings often have “move-in” and “move-out” charges. Sometimes these are straight-up fees like charges for the use of the building’s freight elevator. Sometimes they are deposits which you will have refunded if your movers don’t damage the building’s walls or floors. Luxury condos, which offer some of the nicest apartments, also have some of the highest fees, so check before you sign a lease what you’ll be getting into. Also, you’ll probably put down a security deposit, which in New York is legally restricted to a maximum of one month’s rent.

How to get around 

The New York City subway opened in 1904, and riders of the transit system, known as the MTA, make 1.68 billion trips. If you’re coming from Toronto, say, you’ll be used to a large transit system that operates on both buses and rails. New York, however, runs the subways 24 hours a day. Trains are identified by a number (“the 6 train”) or letter (“the Q”) and run every 2 to 10 minutes during rush hour. Toronto Transit Commission alum Andy Byford, who ran the MTA for two years, brought on-time rates up to 84%. However, many trains are still plagued by delays due to an antiquated signaling system. Make sure that your planned train is running as scheduled by consulting a transit app like CityMapper. On nights and weekends, when many subway updates and repairs are done, you can also check the MTA’s “The Weekender.” Also, be aware of the distinction between “local” and “express” -- listen to train announcements to make sure that your train doesn’t suddenly run express and skip your stop. 

The NYC subway is unzoned, so it costs the same fare, currently $2.75, to ride the subway from any station to any other station. That’s fractionally cheaper than the $3.10 you would pay if you were in Toronto and using a Presto card. 

In keeping with New York’s special relationship with Canada, you can exchange your valid Canadian driver’s license for a New York State license without having to take a driver’s test. (The New York Department of Motor Vehicles will still require you to take a vision test.) Bring proof of your identity and your Canadian license to a New York DMV office within 30 days after you become a New York resident. The fee for the exchange is currently $75, and your New York license will be valid for five years. 

Managing your finances 

Taxes:  Check in with the Canada Revenue Agency to see if you are deemed a non-resident or if you are deemed a factual resident of Canada, as that will affect your tax payments accordingly. 

Banking: You’ll want to set up a U.S. Bank account. Banks with a strong presence in the U.S. and Canada include a couple that are household names in the U.S., for example, Chase Bank and TD Bank and BMO Harris (the TD stands for Toronto-Dominion, and the BMO for Bank of Montreal, but you probably already knew that).  ‍ Moving money: International money transfer options can be quite complicated between some countries—but thankfully that’s not the case for the U.S. and Canada. RBC Bank has strong cross-border options for Canadians in the U.S., as does CIBC. Another good option is Transferwise, which pairs one client’s currency movement from Point A to Point B with another client’s currency movement from Point B to Point A to reduce friction (and fees) on both the transactions.

Credit cards: Nova Credit has partnered with American Express to streamline the process of obtaining a charge card. Here’s a list of 15 possible cards that you can get using your Canadian credit history. 

New! You can use your international credit history from Australia, Canada, India, Mexico and the UK to apply for an American Express ® Personal Card in the U.S.

The takeaway

Learn more about products available for Canadian newcomers to the U.S. here. For more resources on how to navigate your new life in the U.S., you can visit Nova Credit’s resource library where you can learn about everything from renting an apartment to finding the best credit cards for noncitizens.