Many newcomers are surprised by how important credit is in Canada’s financial system. Unlike countries where people generally only take credit when needed and being in debt is often considered bad, the Canadian economy is credit-driven and credit is used even for regular everyday purchases. In [...]
Financial goal-setting is an important step in your journey as a newcomer. As you start to plan for the future, investments can be a good way to put your savings to work and grow your wealth. The money you invest can grow significantly over time and provide you with long-term [...]
Watch the Webinar Duration: 1 Hour Networking is an important part of the Canadian work culture. Many newcomers are surprised to learn about Canada’s large hidden job market. Only 20 to 35 per cent of job openings in Canada are advertised publicly, while the remaining 65 to 80 [...]
From an interview with Kudzai Baloyi, Cards advisor, RBC. In his home city of Harare, Zimbabwe, Kudzai Baloyi was the marketing director for the country’s largest pharmaceutical firm. From that vantage point, Kudzai had a clear view of the opportunities and limitations in Zimbabwe for him and his family. He [...]
As you settle into your new life as a newcomer in Canada, your continued financial security should be a top priority. Many newcomers postpone retirement planning, focusing instead on their immediate financial needs. However, government plans like the Registered Retirement Savings Plan (RRSP) offer tax benefits on contributions so you [...]
As a newcomer, familiarizing yourself with Canadian work culture can give you an advantage from the very start of your job search. If you’re looking for your first job in Canada, employers are more likely to hire you if you demonstrate alignment with the local work culture. Once you start [...]
Newcomers play a huge role in Canada’s continued economic success. In fact, Canada relies on immigration programs to attract foreign talent and bridge gaps in the local labour market. Over the last few years, the government has introduced several new immigration programs, including Provincial Nominee Programs and the Rural [...]
Before you start your first job in Canada as a newcomer, it’s important to keep in mind that the salary you negotiate is not what you get in your bank account at the end of each pay period. Your employer is required to make certain deductions from your gross income, [...]
For many newcomer parents, the primary motivation behind moving to Canada is to ensure greater opportunities and a better life for their children. Children who are born in Canada or raised here from an early age find it easy to embrace Canadian culture and adapt to their new life. However, [...]
During your first few days as a newcomer in Canada, you will need to complete certain tasks to set the foundation for your long-term financial success. Opening a bank account and applying for a credit card should be a top priority on your list. The Canadian banking industry [...]
The ‘culture fit’ interview is an important part of the hiring process for many Canadian companies. It helps employers understand how you will adapt to their organization’s values, mission and philosophy once hired. Questions related to culture fit may sometimes be included as part of a job interview, rather than [...]
While planning your move to Canada, one of the first steps is to apply to an immigration program. Whether you’re planning to come to Canada as a permanent resident (PR) or temporary resident, such as on a study permit or work permit, the application process can be quite complex and [...]