Tips

 Establishing long-term savings is a key step toward financial stability for newcomers to Canada. From setting clear goals and understanding available savings vehicles to balancing short-term expenses with future planning, early strategies can significantly influence long-term outcomes.  

For newcomers to Canada, managing finances in an unfamiliar system can present unexpected challenges. Common pitfalls—such as misunderstandings around credit, banking fees, budgeting, and tax obligations—can have lasting financial consequences if not addressed early. 

From opening bank accounts and building credit history to understanding savings options, investments, and everyday financial services, early financial decisions can have long-term impact.  

 Think of your credit score as your financial reputation in Canada. It’s a number from 300 to 900 that shows how you handle credit, and it can affect things like renting a place, getting a credit card, or applying for a mortgage. 

 Cheques remain a common payment method in Canada, even as digital payments grow. A cheque is simply an agreement to transfer money, and banks process nearly a billion of them each year. Here’s what newcomers should know. 

 Starting life in Canada means setting up banking to manage expenses, pay bills, and build stability. With many account types and banks to choose from, this guide offers a simple overview to help newcomers take their first steps. 

March is Fraud Prevention Month in Canada, a time dedicated to raising awareness about scams and how to protect yourself. 

Tax season in Canada is approaching fast, and if you're filing your taxes for the first time — or just want a refresher on how it's done — we've got you.

Moving to a new country can be both exciting and challenging, especially when it comes to managing finances in an unfamiliar environment.