Budget wisely

First of all, note that Canadian authorities require all IEC work permit holders to arrive in Canada with at least CA$2,500 (or the equivalent in another currency). These funds are supposed to cover your first few months in Canada. 

You should save up much more than the required CA$2,500, however, as Canada has a high cost of living. Working Holiday permit holders need savings for if they struggle to find work immediately.

There are expenses to cover regardless of whether you settle down somewhere or plan to travel around (public transport costs or car purchase, accommodation, bills, etc.).

Remember:

• Unpaid interns must prove they have sufficient funds to support themselves for the entire duration of the internship, not just the minimum amount of CA$2,500. Since the closed work permit does not allow them to work for another employer, unpaid interns must show they are covered for all their expenses while in Canada.
• Those entering Canada on a one-way ticket must show they have sufficient funds to buy a return ticket (in addition to the CA$2,500 required as proof of funds).

Learn more about how to budget for your stay in Canada:

• Budgeting for a working holiday
• How expensive is life in Canada? A cost of living review by province and territory