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BANKING & FINANCE

Financial First Steps

How Much Money Will I Need to Move to Canada?

Canadian money showing proof of funds

How much money will I need to move to Canada? The answer depends on the size of your family. Applying to become a permanent resident (PR) in Canada can be a long process, including showing proof of funds to the Canadian visa office in your home country. 

Insurance in Canada: What Newcomers Need to Know

Insurance in Canada protects your property. Interior of a home with several feet of water.

Protecting yourself and your family against unexpected danger and risk is what insurnace is Canada is all about for newcomers to Canada and international students. Knowing about the different kind of insurance in Canada available to you is important even before you arrive.

Move to Canada | Transferring Cash & Valuables

A family of three standing in front of moving boxes as they prepare for their move to Canada. The Toronto skyline is in the background.

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.

Top 10 Financial Steps to Take Before You Leave for Canada

Financial steps before you leave for Canada

While there are many things to do, here are the top 10 financial steps to take before you leave for Canada. And when you take these steps, it will prepare you for better financial footing when you arrive in Canada.

How to Manage Your Personal Finances When You're New to Canada

A customer is paying a cashier in a grocery store. Managing your personal finances for common expenses such as food, housing, and entertainment is vital when you first arrive in Canada.

For newcomers, carefully managing your finances is vitally important, especially if you have not yet landed your ideal job. And, settlement agencies suggest that it can take up to six months to land a job that matches your skills and experiences.

Open a Bank Account Before Arriving in Canada

Smiling woman with a ceramic piggy bank with funds for her Canadian bank account

Opening a bank account before you arrive in Canada offers many benefits including transferring funds before you travel to Canada. Also, when you land in Canada, immigration officials may ask you to show proof of funds. When you open a bank account before you arrive, you can easily prove that you have available funds.

Financial Literacy is Important for Newcomers

Financial steps before you leave for Canada

Financial literacy skills are vital for Canadians to manage their money wisely. It helps people to reach their financial goals, prepare for emergencies, and avoid making costly mistakes. And, financial literacy is vital for newcomers, especially when first arriving in Canada.

Money Management Tips for Newcomers to Canada

A young Asian couple discusses finances and money management while working on a laptop at home

For newcomers, carefully managing your finances is vitally important, especially if you have not yet landed your ideal job. And, settlement agencies suggest that it can take up to six months to land a job that matches your skills and experiences.

Arrive in Canada financially prepared.

Getting started on the right financial foot is vital to your success. Start your banking journey in Canada with this webinar!

Canadian money showing proof of funds