Just Arrived in Canada? Things you need to know.
Here are some free resources to help you with starting your new life in Canada.
Manage Your Finances
How to Qualify for a Mortgage in Canada
One of the first things new immigrants want to establish when they move to Canada is somewhere they can call home. Your ability to buy a home and qualify for a mortgage is tied together if you do not have the funds to purchase a property outright. You will need...
How to Apply for a Credit Card in Canada
There are many types of credit cards with unique benefits Financial stability is very important for anyone who has recently arrived in Canada. Even if you have a strong financial standing in your home country, you will need to establish yourself in Canada as well....
Pay Deductions in Canada|Your Net Pay & Gross Pay
Pay deductions can often be confusing and can come as an unpleasant surprise if you weren't expecting them. Canadian workers have quite a few pay deductions that you should be aware of. Some of these are mandatory, like taxes, while others are voluntary, like union...
How to Negotiate a Salary | A Guide for Newcomers
Know how to approach salary negotiation when applying for jobs in Canada Salary negotiation is a touchy subject. Most job seekers are still unclear about the best practices for negotiating their salary. As a newcomer to Canada, the subject can be even more...
Types of Bank Accounts to Save for Your Future
Types of bank accounts to save and grow your money in Canada! Newcomers should know about the different types of bank accounts to use all the financial resources available to them. Knowing what each bank account is for will help you to put your money in the right...
Saving Money for Your Emergency Fund
For newcomers, it’s not uncommon to face an uncertain financial situation in your first few years. An emergency fund can help you meet unexpected costs, manage expenses while searching for employment, or stay afloat if you face a job loss. Unexpected expenses can...
How Much Mortgage Can I Afford?
The question “how much mortgage can I afford?” is quite different from “how much mortgage can I get?” So, it’s important to understand the risks involved when a lender offers you a mortgage that is more than you need or expected. When buying a home for the first time,...
Taxes in Canada: 2020 Tax Deadline
Filing Your First Income Tax Return in Canada The 2020 tax deadline is April 30, 2021. And if you became a permanent resident in 2020, you will have to file a tax return with the Canada Revenue Agency (CRA). Even if you lived in Canada for only part of the year, you...
Retirement Savings: Demystifying RRSPs
Retirement savings are essential for all Canadians to live comfortably after they retire. And the earlier you start saving, the better. For newcomers, understanding retirement savings options can be confusing. So in this article, I'll demystify the Registered...