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

FinanceMarch 2, 2022

How to choose a Canadian bank account as a newcomer

 During your first few days as a newcomer in Canada, you will need to complete certain tasks to set the foundation for your long-term financial success. Opening a bank account and applying for a credit card should be a top priority on your list.  The Canadian banking industry is [...]

FinanceFebruary 22, 2022

What’s new for Canadian taxes in 2022

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. This year, the Government of Canada introduced several new tax measures and modified some existing guidelines, which you should know about [...]

FinanceOctober 27, 2021

How to make the most of Canadian cash back apps as a newcomer

As a newcomer in Canada, saving money will be an important priority for you. Whether you’re on a tight budget or setting money aside for a medium-term goal, even small savings on your day-to-day purchases can add up to a substantial amount over time. One way of increasing your savings [...]

FinanceOctober 21, 2021

How to register a business in Canada: Business regulations for newcomers

Starting a business in Canada is a dream for many newcomers who’ve moved here to build a better professional and financial future for themselves. If you’re planning to start your journey as an entrepreneur, you’ll first need to understand the rules and regulations for owning a business in Canada.  The [...]

CareerFinanceOctober 19, 2021

How to invest in a franchise business as a newcomer to Canada

The franchise business model can be an attractive option for newcomers in Canada. Investing in a franchise business allows newcomer entrepreneurs to capitalize on an existing brand and expand a business that already has a proven track record of success in Canada. However, the initial set-up and ongoing costs associated [...]

CareerFinanceOctober 12, 2021

How taxes work for small business owners in Canada

As a newcomer, there are many advantages to becoming an entrepreneur or small business owner in Canada. Whether you’re buying an existing Canadian venture or starting a new business, you’ll have the opportunity to scale your business, create a sustainable source of income, and be your own boss.  However, like [...]

FinanceOctober 6, 2021

How to protect yourself against financial fraud as a newcomer in Canada

As a newcomer in Canada, your financial security is of prime importance. However, fraudsters and scammers recognize that newcomers can be easy targets, as they don’t necessarily have the information needed to protect themselves against fraud. Being in a new country, you may not be aware of the ways in [...]

FinanceSeptember 28, 2021

Retirement planning as a newcomer in Canada

For many newcomers, ensuring financial security in the present can take priority over longer-term financial goals like retirement planning. However, regardless of whether you currently have resources to set aside for retirement, it’s important that you start planning sooner rather than later. There is no minimum age to start planning [...]

FinanceSeptember 20, 2021

How to save for your future while supporting your family back home

Many newcomers move to Canada with aspirations of not just securing their own financial future but also being able to financially support their family back home. However, during your first few years of settling down in Canada, it can be hard to balance your personal savings goals with sending money [...]

FinanceSeptember 15, 2021

8 myths about Canadian credit scores newcomers need to know

Having a good credit history and credit score is fundamental for your long-term financial success in Canada. Your credit score is an indicator of your creditworthiness and you’ll need a good credit score to qualify for loans, mortgages, and even apartment rentals.  As a newcomer in Canada, you might [...]

FamilyFinanceAugust 23, 2021

Making a will as a newcomer in Canada

Moving to a new country like Canada is an exciting prospect. And there are many important areas you’ll focus on when settling into a new country. Finding employment, housing, health coverage and building your finances can take precedence. But once you’re settled in Canada, it’s also important to protect yourself [...]

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