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
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...
5 Tips to Get the Best Mortgage Rates in Canada
When searching for your first home, here are five tips to ensure you get the best mortgage rates in Canada. And, to get the best rates will require you to research so you know how to select a mortgage that's right for you. Many newcomers arrive with savings to own a...
Financial Literacy is Important for Newcomers
Financial literacy skills are important for all Canadians to ensure they manage their finances wisely. And financial literacy is equally helpful for newcomers. Each November, Canada recognizes financial literacy month to help Canadians better manage their money....
Savings in Canada: Helping Newcomers Invest
Investment planning allows Canadians to invest and plan their taxes wisely. This article will help newcomers understand how registered saving account options can be beneficial for investment planning and building savings in Canada. The Canadian government offers a...
5 Tips to Save Money During the Holidays
When you know these 5 tips on how to save money during the holidays, you'll make the season even more festive. Follow these 5 money saving tips to help you stay on budget. During the holiday season, it’s easy to get caught up in the excitement and emotion of the...