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 [...]
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 towards [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Your financial journey as a newcomer in Canada begins with choosing a bank and opening an account. As you settle in, money matters and financial literacy becomes increasingly important. In many countries, owning a joint bank account has a cultural significance. After moving to Canada, some newcomers intend to continue [...]
Globally, Canada is rated very high for having an excellent quality of life, a well-developed public education system, and access to healthcare. In 2020, Canada was ranked second as the best country (overall) in the world by the U.S. News., dominating the rankings with high scores in the quality [...]