Finance | Arrive

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 [...]

Finance HousingJun 9, 2021

How to Save for a Down Payment for a Home in Canada

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 [...]

Career Daily Life in Canada FinanceJun 4, 2021

Making Canada your new home starts long before you arrive

From an interview with Prince John, Commercial Account Manager. Prince John came to Canada in 2018 from Chennai, India. Things were going very well in his career back home. He was assistant VP at a major bank—everything was set up. But the question of where he saw his kids growing up [...]

Finance HousingMay 25, 2021

5 common house hunting challenges faced by newcomers in Canada

For many newcomers buying a home in Canada is a cherished dream. Depending on the customs and traditions in the country you grew up in, home ownership could mean different things to you: for some it may weigh heavy on culture and family while for others, it may skew [...]

Daily Life in Canada FinanceApr 27, 2021

The newcomer guide to preparing for an emergency in Canada

Life is full of unexpected events – sometimes good and sometimes bad. As a newcomer settling in Canada, it helps to be prepared for any emergencies. Finding the necessary support in a new place can seem intimidating or confusing. Learn the basics of creating an emergency plan and familiarize yourself [...]

Career Daily Life in Canada FinanceApr 20, 2021

How to navigate your first 100 days in Canada

Moving to a new country, embracing a new culture and making it your own may seem intimidating. As you restart your life in Canada, there are a few things you can do to ensure you’re on the fast-track to settling in. In this article, we will briefly outline various [...]

FinanceApr 13, 2021

Building an emergency fund: Tips for newcomers to Canada

One of the things the COVID-19 pandemic has shown us is that life can be unpredictable. Whether it is a drop or loss of income, paying a huge sum for an unplanned expense, or having to make sudden trips back home to visit family, unfortunate and unexpected events can happen [...]

FinanceApr 5, 2021

Understanding how interest rates work in Canada

When moving to a new country, your finances are an important part of setting in. Most newcomers start off with opening a savings and a chequing account at a bank of their choice and then graduate to other investment and credit products. As you settle in, you’ll have to make [...]

FinanceApr 5, 2021

Canadian finances 101: What you should know as a newcomer

Canada’s financial ecosystem is made up of banks, credit unions, trusts, and other financial and insurance companies and it is considered to be one of the most sound and safest in the world. According to the Global Competitiveness Report 2019, published by the World Economic Forum, Canada ranked 9th [...]

FinanceApr 2, 2021

How financial advisors can help you as a newcomer in Canada

Navigating financial and investment products in a new country can be complicated, especially if you don’t have a background in finance. As a newcomer in Canada, having someone who understands the newcomer experience, and whom you can rely on for sound financial advice is important. In most cases, a professional [...]

FinanceMar 31, 2021

How to build a good credit score from scratch as a newcomer in Canada

Having a credit rating or a credit score is essential for life in Canada. A good credit score can ensure you qualify for better interest rates on mortgages and other loans down the line. To get started with building your credit history, having and using a credit card is [...]

Daily Life in Canada Family FinanceMar 24, 2021

Adding fun to finance: How to teach your kids about money

Financial literacy is an essential life skill. The financial ecosystem in Canada may be different from your home country. As a newcomer settling in, you may have to learn a few things specific to Canadian finances such as building credit, investing, and saving options available in Canada. Financial literacy is [...]