As you plan your move to Canada, Toronto and its surrounding cities may be on your list of potential places to live in. Most newcomers to Canada are drawn to metropolitan hubs since they offer a good quality of life, well-established job markets, cultural diversity, and inclusive environments. However, you [...]
As a newcomer planning your move to Canada, choosing a city in which to settle is one of the most important decisions you’ll make. Many newcomers to Canada consider moving to Toronto or a city in the Greater Toronto Area where they believe they’ll experience a good quality of [...]
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 [...]
As you plan your move to Canada, Vancouver and Toronto may be on your shortlist of potential cities to live in. Most newcomers to Canada are drawn to metropolitan hubs since they offer a good quality of life, well-established job markets, cultural diversity, and inclusive environments. [...]
As a newcomer, the first step to settling down in Canada is finding long-term accommodation. However, renting your first home in Canada comes with several challenges. Since rents are fairly high in most Canadian cities, affordability may be an issue until you find a suitable job. In addition, most [...]
Moving to Canada to study can unlock exciting new opportunities for international students. For many, it’s also their first time living in a new country and taking responsibility for their finances. If you’ve been accepted to a Canadian designated learning institution, the next step on your agenda is [...]
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 [...]
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 [...]
As a newcomer, applying for a Social Insurance Number (SIN) should be one of the top priorities on your to-do list when you arrive in Canada. Whether you’re a temporary or permanent resident, you’ll need a SIN to work in Canada and access government benefits and services. Newcomers are [...]
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 [...]
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 [...]
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 [...]