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Articles and resources to help plan your finances and prepare for life in Canada.

FinanceApr 12, 2023

What newcomers should know about the First Home Savings Account (FHSA)

You may have plans to buy your own home in Canada after initially renting accommodation for a few years. Although homeownership is the ultimate goal for many newcomers, the ever-increasing cost of purchasing property in Canada has made many of the country’s newer residents defer their dream of buying [...]

FinanceMar 22, 2023

Canadian tax changes newcomers should know about in 2023

As a newcomer to Canada, it’s important you’re aware of Canadian taxation rules to file your tax returns accurately and take advantage of benefits and credits you’re entitled to. The Government of Canada introduced several new tax measures and modified some existing guidelines which you should know about for [...]

FinanceApr 26, 2022

Prepaying your mortgage or loan as a newcomer in Canada

As you settle down in Canada, you may need a loan or mortgage to achieve some of your financial goals, such as buying a car or house or pursuing higher education. When you get a loan or mortgage, you tend to base your repayment schedule and terms on your affordability [...]

FinanceResourcesWebinarsApr 20, 2022

Banking for newcomers to Canada

Watch the Webinar Duration: 1 Hour As a newcomer to Canada, you can set the foundation for a secure financial future by learning how banking and finances work in your new home. You’ll need to understand the types of financial institutions and bank accounts in Canada and choose [...]

FinanceApr 7, 2022

Lines of credit in Canada: What newcomers need to know

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 to [...]

FinanceApr 5, 2022

Loyalty programs in Canada: What newcomers should know

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 [...]

FinanceMar 28, 2022

How to manage your finances as a newcomer couple in Canada

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 [...]

FinanceMar 26, 2022

How to open a bank account in Canada as a newcomer

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 [...]

FinanceMar 25, 2022

What’s a good credit score for newcomers in Canada?

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 [...]

FinanceMar 23, 2022

How to invest in Canada as a newcomer

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 [...]

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