Articles and resources to help plan your finances and prepare for life in Canada.
Uprooting your life in the country where you were born and raised and moving to a new place, a new country is challenging and takes immense courage. Newcomers choose to come to Canada for a myriad of reasons: Some make the journey to escape violent environments, others come to expand [...]
Last updated: December 13, 2021 If you’re a newcomer in Canada or have returned to Canada after spending an extended period outside the country, you may be required to file an income tax return. The information in this article will help you familiarize yourself with the fundamentals of Canada’s [...]
Last updated: December 13, 2021 In Canada, the months of March and April are not only symbolic of the spring season but hold financial significance as well because it’s also tax season! As an international student, you may be apprehensive or confused about the prevailing tax laws and guidelines [...]
Whether you choose to work in a restaurant or coffee shop, retail sales or as a teacher’s assistant, having a job while studying abroad may be a great way to help cover your expenses. If you are able to balance the demands of your course load with those of [...]
In our recent article Understanding Credit in Canada: A Closer Look, we talked briefly about credit (borrowing money from a financial institution) and more about the 5 Cs of Credit in Canada: Character, Capital, Capacity, Collateral, and Credit. However, credit is only one aspect of finance in Canada. It’s equally [...]
You’ve made the decision to come to Canada to study as an international student. Now what? Like many international students, managing finances may be at the top of your list. We all know that between rent, food and ‘just living’ expenses, savings can disappear quickly. This is true for students [...]
You are not alone. Every year several hundred thousand students arrive in Canada with hopes and dreams of graduating from some of the internationally acclaimed schools and universities located in various Canadian provinces. The Immigration, Refugees and Citizenship (IRCC) highlighted that at the end of 2021, more than 600,000 [...]
Insurance is an assured and secure way to protect yourself and your family against risk. As a newcomer, based on the experiences in your home country, you may have a fair idea of certain types of insurance. Familiarizing yourself with insurance options in Canada is an essential part of [...]
It takes commitment, determination and resolve to leave one’s home country behind to start a new life in Canada. It takes planning and preparation to make it a truly successful journey. There are important things to consider before leaving: documentation, accommodation, healthcare, transportation, food and clothing, insurance, schools and [...]
As a newcomer in Canada, ensuring you have access to the money you’ve brought in from back home is important not only from the perspective of landing formalities at the airport but also to pay for basic goods and services: the ride to your accommodation from the airport, groceries, [...]
When coming to any new country, newcomers are met with a whole new set of rules, products and ways of doing things. In Canada, most newcomers will be taken by surprise when asked about credit and credit scores and the important role they play in Canadian life – even [...]
Every year Canada welcomes an increasing number of permanent residents (PRs), international students, and temporary foreign workers. Canada’s current multi-year immigration plan will see approximately 350,000 PRs enter the country by 2021. Whether you’re planning to move to Canada in the next few weeks or the [...]