Articles and resources to help plan your finances and prepare for life in Canada.
As a newcomer, becoming an entrepreneur and being your own boss is an attractive alternative to a full-time job, but it requires a lot of hard work, risk-taking, and discipline. However, the pride of managing and growing your own profitable business makes all the effort worth it. If you’re [...]
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, [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Last updated: March 28, 2022 The Canadian government is regularly revising travel restrictions for people entering the country, based on the progression of the COVID-19 pandemic. As of October 2022, all COVID-19 related travel restrictions, including vaccination requirements, COVID-19 testing, quarantine requirements, and masking advisories have been removed. All [...]
From an interview with Christopher Gonsalvez, Senior Manager, Global Procurement, RBC Ventures. Christopher (Chris) Gonsalvez is a procurement expert. He worked for major corporations in the consumer packaged goods industry, buying everything from diaper material to labels, adhesives to aerosol cans. Now as Senior Global procurement manager at RBC, Chris [...]
Canada is home to some of the best schools and universities. Many students globally view studying in Canada as an opportunity to gain world-class education at an economical cost in comparison to countries like the United States, United Kingdom or Australia. Being part of a growing [...]
From an interview with Wanzi Silva, Financial Advisor, RBC. Wanzi Silva is a financial advisor at RBC Newcomer Meeting place – a unique Royal Bank of Canada (RBC) branch that supports new immigrants with their banking, employment and settlement needs in Canada. She moved to Canada with her family [...]
House hunting in Canada as a newcomer can be a challenging process, but it doesn’t have to be a confusing one. Saving for a downpayment takes time and dedication. Sometimes, it means cutting back on spending in other areas like travel and dining out while [...]