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

FinanceApril 26, 2022

Prepaying your mortgage or loan as a newcomer in Canada

As you settle down in Canada, you may need a loan or mortgage to achieve some of your financial goals, such as buying a car or house or pursuing higher education. When you get a loan or mortgage, you tend to base your repayment schedule and terms on your affordability [...]

Banking for newcomers to Canada

Watch the Webinar Duration: 1 Hour As a newcomer to Canada, you can set the foundation for a secure financial future by learning how banking and finances work in your new home. You’ll need to understand the types of financial institutions and bank accounts in Canada and choose [...]

FinanceApril 7, 2022

Lines of credit in Canada: What newcomers need to know

The Canadian economy is credit-based and financial institutions offer a wide range of credit products that people can use for different financial needs. As a newcomer, your first credit product will likely be a credit card, which gives you access to a relatively small credit limit and allows you to [...]

FinanceApril 5, 2022

Loyalty programs in Canada: What newcomers should know

As a newcomer settling into a new life in Canada, your expenses can quickly add up, sometimes making it harder to save for longer term financial goals. Customer loyalty programs can be a useful tool to help you save money, stick to a budget, and enjoy perks at the places [...]

FinanceMarch 28, 2022

How to manage your finances as a newcomer couple in Canada

As a newcomer couple to Canada, you’ll make many important decisions together as you settle into your new life. While it’s not always easy to agree on every issue, one area of particular importance is how you manage your finances together. This is especially key in your initial years in [...]

FinanceMarch 26, 2022

How to open a bank account in Canada as a newcomer

When you move to a new country as a permanent resident (PR) or an international student, having access to your savings is not only essential but also critical. Starting (or restarting) your life in a new place is intertwined with your financial journey, making it important to understand the basics [...]

FinanceMarch 25, 2022

What’s a good credit score for newcomers in Canada?

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 Canada, your credit history [...]

FinanceMarch 23, 2022

How to invest in Canada as a newcomer

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 [...]

FinanceMarch 7, 2022

Understanding payroll deductions as a newcomer in Canada

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, [...]

Go to Top