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

FinanceDecember 21, 2020

How to plan your finances and prepare for life in Canada: Tips for newcomers

Moving to a multicultural and well-developed country like Canada and starting a new life is an exciting prospect. To ensure your transition and settlement in Canada progresses smoothly, it is important to be informed and prepared. Finding employment after moving is often one of the high-priority action items for many [...]

FinanceNovember 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-19FinanceOctober 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 [...]

FinanceOctober 8, 2020

Common scams that newcomers to Canada should know about

When newcomers move to Canada, it usually takes them a couple of months to settle in and figure out the local way of life. Many are unaware of standard government processes or authentic ways of sharing their banking or personal information with organizations, making them easy targets for various frauds [...]

How to buy your first home in Canada

Newcomers often dream of buying a home in Canada someday. Property purchase requires a large financial commitment and the willingness to take on the responsibilities of a homeowner. In Mortgages 101: How to finance your first home in Canada, we outlined the details of financing your first home. In this [...]

FamilyFinanceAugust 3, 2020

Registered Education Savings Plan (RESP): What you should know

As a newcomer in Canada, you may have to familiarize yourself with many aspects of managing your finances and investments. Often, the information you come across may seem overwhelming and leave you feeling confused.  For those moving with family, saving for your kids’ education is often a top financial priority, [...]

FinanceJuly 31, 2020

How to open an international student bank account in Canada

Managing finances, budgeting, and paying school fees are important tasks in every student’s life. As an international student in Canada, one of the things to get you started with your finances is opening a bank account.  In this article, we will guide you through the process of opening an account [...]

FinanceJune 1, 2020

Newcomer entrepreneurs in Canada: How to fund your business

Money and financing are essential to start up and run any business. There are a lot of one-time costs and recurring expenses involved in running a business; having the money to take care of those will fast-track growth and profitability.   In our previous article, Newcomer’s guide to starting your own [...]

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