Company Overview
BetaFinConnect App is a comprehensive guide and resource hub offering essential information, financial tools, and guidance to ensure newcomers can access and utilize available benefits and credits, promoting affordable living in Canada.
BetaFinConnect App is dedicated to developing an innovative solution designed specifically to assist newcomers in navigating and benefiting from the Canadian tax, benefit, credit, and financial systems. With features including eligibility assessment, personalized AI-based benefit and credit navigation, tax system education, expense tracking, asset purchasing assistance, and a rich resource library, BetaFinConnect harnesses the power of AI to empower users with the knowledge and confidence to navigate financial systems with ease and accuracy.
The Problem
Moving to a new country can be challenging for immigrants, particularly if they have no prior connections. Canada welcomes over 450,000 immigrants every year, and by 2024, Immigration, Refugees and Citizenship Canada (IRCC) plans to grant permanent residency to around 485,000 immigrants.
Many newcomers are not aware that their residency status for income tax purposes is different from their immigration status. They may not know that Canada offers benefits and credits to support them financially, such as provincial and territorial benefits and credits, including the Canada Child Benefit, GST/HST Credit, Canada Dental Benefit, Canada Carbon Rebate, Canada workers benefit, Disability tax credit (DTC), Child disability benefit, Canada caregiver credit, Canada training credit, Home accessibility tax credit, Children's special allowances, and many others.
It is crucial for newcomers to understand the Canadian tax and financial systems, as it opens up various financial supports. However, navigating this information can be difficult without a support network, making it essential for newcomers to seek guidance to maximize their benefits.