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

FinanceMar 18, 2021

Opening a joint account as a newcomer in Canada: What you should know

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 [...]

FinanceMar 5, 2021

Get organized with your taxes in Canada: 3 tasks that matter

Last updated: December 13, 2021   Filing your annual income tax return is one of the most important financial obligations for all permanent residents (PRs) in Canada. In this article, let’s look at some of the action items and critical dates filing your returns for the 2021 tax year.  [...]

FinanceJan 6, 2021

Cost of insurance in Canada: What you should know as a newcomer

Most of us are well aware of the concept of insurance. As you plan your move to Canada, educating yourself with the insurance options in Canada can help you make smart financial decisions, reduce insurance costs and assist in financial planning.   Insurance is a policy or contract between you and [...]

FinanceNov 9, 2020

How to get tax credit for digital news subscriptions in Canada

Did you know that you can get a 15 per cent tax credit up to $75 CAD per year between 2020 and 2024 for subscribing to any Canadian written digital news?  In March 2019, the Canadian Federal Budget introduced a new incentive for all the news junkies out there – [...]

COVID-19FinanceOct 8, 2020

The Canada Recovery Benefit (CRB): What you should know

The coronavirus (COVID-19) pandemic has affected employment and income for many globally. In Canada, the government implemented many benefits such as the Canada Emergency Response Benefit (CERB) and also outlined an Economic Response Plan to help individuals and businesses facing hardship. The Canada Recovery Benefit (CRB) closed for retroactive [...]

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