BANKING & FINANCE
Spending
Building Credit History in Canada as a Newcomer
A lesson many newcomers learn when they arrive in Canada is that you need credit to pay for large expenses, buy a car, or purchase a home. However, it’s difficult to borrow without a credit history in Canada. Canadian lenders typically check each applicant’s credit files at one of the main credit reporting agencies (Equifax Canada and TransUnion).
How to Apply for a Credit Card in Canada
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. Applying for a credit card is one of the first and most effective steps to build your credit and give yourself a buffer.
5 Mistakes Newcomers Make with Credit Cards
Getting a credit card when you arrive in Canada is a great way to build a credit history, but you must avoid making common mistakes. From spending more than your credit limit, to only paying the minimum monthly payment, these mistakes can damage your credit score and make it difficult to achieve your financial goals.
Inflation in Canada and What it Means for Newcomers
For newcomers and international students arriving in Canada, the current rate of inflation affects how much you pay for housing, groceries, transportation, and other expenses. Staying informed about inflation changes can help you budget and manage your finances. Stay up-to-date with recent changes so you can manage the cost of living in Canada.
Cost-Saving Ideas: 22 Practical Tips for Newcomers
Cost-saving ideas can be especially helpful for newcomers because saving money in Canada can be quite a challenge. The financial choices you make within your first year can impact how you live in Canada for the next few years. This is why it’s important to make good decisions now, so you can benefit in the years to come.
Buying a Car in Canada? Tips for Newcomers
If you’re a newcomer thinking about buying a new car in Canada, the auto market offers a wide range of vehicles to meet different financial situations, lifestyles, and driving habits. If you’re in Canada from a country with a smaller auto market and fewer choices, this can be daunting as you begin your search.
No Spending Challenge | A Journey to Financial Freedom
Moving to a new country like Canada can be one of the most exciting experiences of your life. However, it can be challenging as well. Managing your finances as a newcomer is one of the most important aspects of starting your new life in Canada.
Black Friday Sales | Tips to Stay on Budget
The Black Friday sale in Canada is a bargain shopper’s delight! It marks the official date for retailers to launch some of their best sales of the holiday season. If you’ve recently arrived in Canada, you may be curious about all the hype surrounding Black Friday.
Boxing Day in Canada Can Save You Money
To most of us, Boxing Day in Canada is the holiday that comes right after Christmas. Many Canadians don’t know the history of the holiday or what its true purpose was. Today, it’s a shopping holiday where you can get great deals on everyday items.
Holiday Season Online Shopping Scams Newcomers Can Avoid
It is always a good idea to be careful when shopping online. Scammers can be waiting to trick you out of your money in even the most unexpected of places. This is especially true for the holiday season. November and December see some of the biggest sales volumes every year.
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!
