Money And Finances

Most banks have special offers for newcomers. Follow this guide to choose the best bank in Canada for your needs.

Be sure you’re getting the best rates by using these companies to make international money transfers to and from Canada.

Learn more about the Start Right program with Scotiabank on our dedicated landing page.

Learn more about how opening your Canadian bank account before your arrival can help you settle in your new life.

To help newcomers get settled in Canada, Scotiabank conducted a study to better understand the types of financial challenges newcomers face when they move to Canada. Learn how to overcome them in this article.

Tax-Free Savings Accounts (TFSAs) can help you accumulate wealth that you can withdraw tax-free at any time.

This post explores what RRSPs arе, key features, invеstmеnt options, and contribution rules.

FHSAs can supercharge your savings for your first home. Learn more about these tax-advantaged accounts here.

If you’re new to Canada and looking for a safe way to grow your savings, Guaranteed Investment Certificates (GICs) could be a good option.

Moving2Canada’s Budget Calculator is an interactive budgeting tool that helps you plan for Canada’s cost of living.

The right budget can help you navigate your finances in Canada with confidence. But the challenge is that there is no single budgeting approach that is right for everyone.

Navigating Canada’s financial landscape requires the right information. Be aware of the common financial mistakes newcomers should avoid.

Many Canadians start saving for their children’s post-secondary education early. The Government of Canada has several tools that can help.

Learn why an emergency fund is essential, especially for newcomers to Canada, and how you can get started building one—even if it feels overwhelming right now.

How do you make your income and savings stretch as far as they can in Canada? Well, you figure out how to make the system work for you.

Managing your money in a new country can be tough. The costs of the basics are different, and so is the currency. So tougher tasks like finding housing and managing groceries can seem overwhelming.

91% of Canadian residents are actively reducing financial stress by tracking expenses, paying down debt, and saving more. Learn what you can do to manage your financial stress and its impacts on your mental health.

Money can be a huge factor when it comes to having children and family planning. Fortunately, Canada does offer paid maternity leave and parental leave — including to newcomers.

Canada is a nation of vehicle owners, so most newcomers will need auto insurance. Learn how to unlock affordable auto insurance in Canada.

There are many myths about renter’s insurance, but the reality is that it offers a host of benefits for renters in Canada. Learn more about this important product here.

Your home is where your family feels safe and comfortable, and where your most treasured belongings are kept. But unexpected events, like fires or break-ins, can threaten this sense of security. Home insurance is an affordable way to provide financial protection in case of a loss.

Having a good credit score is crucial to financial success in Canada. Learn how to build your credit score and history here.

Myths and misinformation can make it difficult to know what’s true and what’s not when it comes to your score. Learn what’s true and what’s not.

Learn about a platform you can use to report rent payments to build credit history, which can improve your credit score

Thanks to a range of new providers, credit monitoring is easier than ever, free, and, dare we say it, fun. In this article, we’ll walk you through how and why credit monitoring can be a gamechanger for newcomers looking to improve their financial future in Canada and what to look out for in a credit monitoring tool.  

Whether you’re already working in one of these fields or looking to figure out your next study program in your home country or in Canada, these key insights can help you make those big decisions in life.

We share what you need to know about salary negotiation — a common, but potentially uncomfortable, part of working in Canada.

The amount you get in your bank account each month from your employer does not equal your total salary. There are deductions you will need to pay each paycheck.

Learn what minimum wage is across Canada, and understand the difference between the minimum wage and living wage in Canada’s provinces and territories.

Employment Insurance is an important safety net for workers in Canada, including newcomers. If you or your spouse qualify for EI, you can access financial support during times of job loss, illness, parental leave, or other life changes without worrying about the financial implications for your sponsor.

The CPP is a key tool in the retirement planning toolbelt for people who have lived and worked in Canada.

Why are immigrants working for longer than Canadian-born workers? And is this a sign of something problematic in Canada? We have dug into these questions for you.

Learn tips and tricks to avoid scams as a newcomer in Canada.

Scammers may pose as immigration consultants in Canada. Learn to avoid this scam.

We’ve gathered some key insights you can use to reduce the risk of impersonation scams.

There is a wide range of rental scams, ranging from unethical landlords trying to have you overpay for a property to fake ads from criminals who want to steal your money or personal information. Being informed is your best defense.