Landing in Canada soon? Things you need to know.
Before you arrive into Canada here’s a few things you need to know and do.
Banking & Finance
Inflation Rate Drives Up Cost of Living in Canada in 2022
Rising food costs contribute to higher cost of living in Canada in 2022 The inflation rate in Canada is driving up the cost of living in Canada. Inflation is the process in which money loses some of its value. This results in paying higher costs for the same item....
How Much Money Will I Need to Move to Canada?
Proof of funds is how you show us that you have enough money to settle in Canada. Before you move to Canada, you need to show that you have a minimum amount of settlement funds. You'll require the following funds plus an additional amount...
Building Credit History in Canada
Your healthy Canadian credit score is essential to purchase both small and large ticket items. Learn more about why your credit score is important and how to build and grow your credit worthy score.
5 Mistakes Newcomers Make With Credit Cards
Avoid these common credit card mistakes A credit card can be helpful when you arrive in Canada. You'll need to apply to get a card with a credit limit. The limit won't be high because your credit profile will still be thin. Until the banks get to know you a little...
Top 10 Financial Steps Before You Leave for Canada
When moving to Canada, there are steps that you can take in advance to ensure you have a smooth move, manage your costs, and comply with government guidelines. See what’s required so that you’re ready to go with minimal stress.
How Do I Show Proof of Funds in Canada?
You will need to show proof of funds to the Canadian visa office in your home country that shows how much money you have when you apply to immigrate to Canada. To do this, you can get a letter from your financial institution or bank stating how much funds you...
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...
Move to Canada | Transferring Cash & Valuables
When you move to Canada, there are many things to consider, and the process can be quite long. One of the biggest things you need to consider is how to transfer your money and belongings to Canada quickly and cost-effectively. Fortunately, you have many options when...
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....