How To Become An Exporter In Canada

RemitrBusiness

How To Become An Exporter In Canada

Exports play a crucial role in the health of the Canadian economy, accounting for nearly 33% of GDP in 2019 – that’s around $450 billion worth of products! Here’s a breakdown of Canada’s top 10 exports, per World Exports: # Export USD (Billions) 1 Mineral fuels (including oil) $98.4 2 Vehicles $61.4 3 Machinery (including computers) $34.8 4 Gems & Precious Metals $21.3 5 Electrical Equipment $13.5 6 Plastics $12.7 7 Wood $11.7 8 Aircraft … Read More

Mistakes to Avoid When Making International Business Payments

RemitrPayments

Business Payments

When it comes to banking and finance, many businesses struggle with making international payments. Going to the bank to line up and fill out wire transfer forms is time consuming enough, but unforced errors (that happen frequently) can result in further delays. To help ensure that your international payments are executed in the most efficient and stress-free way possible, we’ve compiled a list of the most common things you should look out for. Double Check … Read More

What is Remittance and How Does it Work?

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How Does Remittance Work?

Remittances play a massive role in the financial ecosystem today, and if your business needs to send or receive payments, it’s important to understand how they work. Here’s what you need to know: A remittance is the transfer of money from one account to another, generally for services rendered. Pretty simple. The amount of money being sent internationally has increased massively in recent years mainly due to more businesses working with customers and clients overseas. … Read More

Budgeting Tips For International Students

RemitrEducation

Budgeting Tips For International Students

Studying abroad is an incredible way to further your education while exploring more of the world. But tuition, accommodation, books, food, transportation, sightseeing, socializing…it all adds up very quickly. The last thing you want to do is constantly worry about maintaining a healthy bank balance.  We’ve put together some useful tips to take your mind off your money and your money off your mind (yes, we went there).  Prepaid Travel Cards Before you move abroad to … Read More

Canadian Banks vs Credit Unions

RemitrFinance

Canadian Banks vs Credit Unions

Are you currently banking with one of Canada’s “Big 5”? If so, there’s a strong chance that you’ve wondered about better alternatives. If you’ve already looked into switching banks, you probably noticed that none of them are particularly cheap – and they all seem to be constantly raising their fees. This is exactly why more and more Canadians are looking for alternative banking solutions. One of the most popular options is to use a credit … Read More

How PayPal’s Currency Pricing Changes Can Affect Your Bottom Line

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PayPal's Currency Pricing Changes

PayPal has announced that it is making changes to their legal agreements with certain customers in the US and Canada. Some of these policy updates mean that customers will be charged higher rates when converting currency. This in turn means they will lose more money while dealing with international payments.  We’re going to take a look at the changes PayPal are making that will have an impact on the accounts of customers in the US … Read More

REMITR Guide: How to Apply for a Working Holiday Visa in France

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How to Apply for a Working Holiday Visa in France

As a global icon of fashion, love, café culture and wine, there are so many reasons to apply for a working holiday visa in France. France is the most visited country in the world, home to beautiful landscapes and sceneries like the Eiffel Tower in Paris, or the Palace of Versailles in Yvelines. There is something for everyone, no matter who you are. If you’re into the sun and beaches, take a trip to Corsica, the … Read More

The Top 10 Electronic Wholesalers and Manufacturers in China

RemitrBusiness

Wholesale electronic suppliers in China have made a significant contribution to the global economy in recent years, with a deliberate focus on improving the quality of their products, not just the quantity. China’s technology wholesale market reached an all-time high in 2017, with over $20,747.10 million USD in exports, and is expected to increase further in the coming years. No longer will you feel disappointed, but empowered, when you see that “made in China” label … Read More

REMITR Guide: Why is the Value of the Pound Sterling in Free-Fall?

RemitrFinance

The value of the British Pound (GBP) has come under massive pressure against other major currencies such as the US Dollar and the Euro in July.  On Monday July 29th, the pound, also known as the Pound Sterling, touched its lowest level in over two years against the US Dollar. This has taken the value of the currency to its lowest level in 28 months. On Tuesday July 30th, the pound continued to slide on … Read More

REMITR Guide: The Top 10 Countries for Global Business

RemitrBusiness

Top 10 Countries for Global Business

Thanks to continued advancements in technology, the world is more connected than ever before. Sharing information, shipping products, communicating and travelling has never been easier. Thanks to all of this, the entire world is now open for business.  Entrepreneurs and investors have never had so much freedom to decide where to start their business or invest their money. Many countries all around the globe are thriving with opportunities to start a new business. But, some … Read More