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

CareerFinanceOct 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 [...]

CareerFinanceOct 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, [...]

FinanceOct 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 [...]

FinanceSep 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 [...]

FinanceSep 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 [...]

FinanceSep 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 [...]

FamilyFinanceAug 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 [...]

Moving to Canada as an international student during COVID: What to prepare

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 [...]

FinanceStudyingJul 22, 2021

How to Fund Your Education as a Newcomer Student in Canada

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 [...]

FinanceJun 11, 2021

How to build a secure financial future for you and your family in Canada

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 [...]

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