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Make the Move Count: Smart Savings Plans for Canadians in the UAE

Relocating from Canada to the UAE comes with more than sunshine and opportunity—it brings a major shift in how you manage and grow your money. With no personal income tax, many Canadians find themselves saving thousands annually. But what happens to those tax savings? Are they being used to build a future—or just funding a more expensive lifestyle?

A clear, disciplined savings plan is what makes all the difference. At Bassem Fawzy Wealth Advisory, we help Canadian expats design a structured, automated, and online money saving plan—so the extra cash you earn today becomes the foundation of tomorrow’s financial freedom.

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From Taxpayer to Wealth Builder

The average Canadian professional pays between 20%–35% of their income in taxes. In the UAE, that money stays with you. That could mean:

  • $2,000–$4,000/month in extra cash flow for a dual-income household

  • The equivalent of a $25,000–$50,000 net income boost per year

  • A powerful opportunity to accelerate wealth building

But more income without structure often leads to more spending, not more saving.

We encourage clients to pay themselves first—using an automatic savings plan that redirects a portion of your income into purposeful, goal-aligned accounts before lifestyle creep takes hold.

Common Savings Goals for Canadian Expats

Property Goals

A house down payment savings plan helps you stay disciplined as you work toward buying property in Canada, the UAE, or abroad. We structure your plan based on your timeline and financial target—removing guesswork and emotion from the process.

Children’s Education

Education costs are rising—and often underestimated. Whether your children are still toddlers or already in school, we help you create a savings plan that supports their education journey with flexible, global accounts in CAD, USD, GBP, or EUR.

Couples Saving Together

A couples savings plan helps align goals between partners, creating clarity on shared financial targets and responsibilities. Whether you pool everything or keep accounts separate, we build a system that works for your relationship.

 Retirement Planning

A house down payment savings plan helps you stay disciplined as you work toward buying property in Canada, the UAE, or abroad. We structure your plan based on your timeline and financial target—removing guesswork and emotion from the process.

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What Makes Our Plans Work

We build your online money saving plan with the tools and structure to keep you consistent and informed.

  • Auto-contribution from UAE bank accounts

  • Track progress toward multiple goals

  • Accounts in CAD, USD, GBP, or EUR

  • Adjust and rebalance as your situation evolves

  • Fully coordinated with your legal and tax structure

Most importantly, it’s not just a plan—it’s a habit-forming system that helps you protect your future before lifestyle spending takes over.

Pay Yourself First — Always

In Canada, the government takes your taxes before you spend. In the UAE, you must decide who gets paid first. A smart automatic savings plan makes that decision for you—ensuring your financial future is always at the top of the list.

Make the Most of Life in the UAE

This is a rare window of opportunity: high income, low tax, and global access. The difference between arriving wealthy and leaving wealthy is the strength of your plan. Whether your goal is a house down payment savings plan, funding your child’s education, building a retirement and savings plan, or working as a team through a couples savings plan, we help you make it real—and automatic.

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