As a newcomer, the first step to settling down in Canada is finding long-term accommodation. However, renting your first home in Canada comes with several challenges. Since rents are fairly high in most Canadian cities, affordability may be an issue until you find a suitable job. In addition, most [...]
From an interview with Sugandha Mahajan, Content Manager and Writer, Arrive. Sugandha Mahajan and her husband were doing well financially in their home city of Delhi, India. However, they saw little chance to live the life they wanted in this crowded space. So, they started to look elsewhere, considering Australia [...]
Moving to Canada to study can unlock exciting new opportunities for international students. For many, it’s also their first time living in a new country and taking responsibility for their finances. If you’ve been accepted to a Canadian designated learning institution, the next step on your agenda is [...]
The Canadian economy is credit-based and financial institutions offer a wide range of credit products that people can use for different financial needs. As a newcomer, your first credit product will likely be a credit card, which gives you access to a relatively small credit limit and allows you [...]
As a newcomer settling into a new life in Canada, your expenses can quickly add up, sometimes making it harder to save for longer term financial goals. Customer loyalty programs can be a useful tool to help you save money, stick to a budget, and enjoy perks at the places [...]
For the first few months or even a couple of years, most newcomers moving to Canada consider renting accommodation versus buying property. As an essential and high-priority task, this often turns out to be challenging as in addition to the rent deposit, landlords usually ask [...]
From an interview with Jaspreet Kaur, Banking Advisor, RBC Newcomer Meeting Place.Jaspreet Kaur came to Canada at the age of 19. She knew very little about Canada or how things worked, and had no work experience. She struggled at times, but set out to prove herself. One of the biggest [...]
As a newcomer, applying for a Social Insurance Number (SIN) should be one of the top priorities on your to-do list when you arrive in Canada. Whether you’re a temporary or permanent resident, you’ll need a SIN to work in Canada and access government benefits and services. Newcomers are [...]
As a newcomer couple to Canada, you’ll make many important decisions together as you settle into your new life. While it’s not always easy to agree on every issue, one area of particular importance is how you manage your finances together. This is especially key in your initial years in [...]
When you move to a new country as a permanent resident (PR) or an international student, having access to your savings is not only essential but also critical. Starting (or restarting) your life in a new place is intertwined with your financial journey, making it important to understand the [...]
Many newcomers are surprised by how important credit is in Canada’s financial system. Unlike countries where people generally only take credit when needed and being in debt is often considered bad, the Canadian economy is credit-driven and credit is used even for regular everyday purchases. In [...]
Financial goal-setting is an important step in your journey as a newcomer. As you start to plan for the future, investments can be a good way to put your savings to work and grow your wealth. The money you invest can grow significantly over time and provide you with long-term [...]