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National Bank of Canada
Are you new to Canada or planning to move here? This guide will help you start earning, saving and investing money in your new home.
Welcome to Canada! Whether you’re moving here to live, work or study, you can learn how personal finance in this country works—including employment, housing, using credit, financial planning and investing.
To get started, here’s an overview of what you need to know about moving to Canada, working in Canada and building a good credit history.
The more you know about Canadian money, savings and housing, the better prepared you’ll be. You can even do certain steps—such as opening a bank account—before you arrive. Learn about this and other personal finance topics, including key details about preparing to buy a home in anywhere in Canada.
Finding a job and earning an income soon after arriving in Canada can contribute to your success. We explain who can legally work here, how to apply for a work permit, how to find credible job postings and what details to look for in a job offer. We also tell you about non-profit organizations that help immigrants find work, sign up for free English classes and more
Moving to Canada or new to the country? These six major cities have many job opportunities in different fields—plus we look at the cost of living in each.
From tech to health care, Canada offers plenty of jobs for newcomers—and many of them are included in national and provincial express entry immigration programs.
Once you move to Canada, it’s important to start building a good credit history—it will have a big impact on your future here. If you plan to borrow money to buy a home or a car, for example, lenders will look at your credit report to decide if they’ll loan you money and how much interest to charge you. Employers, landlords and even cellphone companies may check your credit report. We explain how to build your credit history and how to improve your credit score.
Some financial products in Canada are similar to what’s available in India, like fixed deposits and GICs. Check out our list.
A home inspection can tell you a lot about a property. Find out what a home inspection includes, how to hire a home inspector in Canada, and more.
Are you a newcomer who’s interested in investing? Here’s an introduction to financial securities in Canada, such as stocks and ETFs, and how to buy them.
We’ve rounded up 14 more MoneySense articles that provide personal finance tips for different life stages—from your first steps in Canada to getting established to planning for retirement.
Starting life in a new country includes learning how its banking and financial systems work. Learn about credit cards and credit ratings, what the Bank of Canada’s benchmark interest rate is, and the steps you need to take to become a home owner.
Read more about banking, credit cards and real estate.
Once you’ve found employment, opened a bank account and applied for a credit card, you can begin saving money and investing for your life in Canada. Learn about how to manage debt and use registered accounts, which allow you to grow your savings tax-free.
Read more about investing.
Retiring from work might still be many years away, but once you’ve established yourself in Canada, you can start looking ahead and planning for that phase of life. We look at financial planning for a secure future.
This is an editorially driven article or content package, presented with financial support from an advertiser. The advertiser has no influence on the creation of the content.
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I just moved to Canada. However, I have a bunch of investment portfolio still in my country including real estate, stocks and bonds. How could I book that portfolio with CRA? which I could not liquidate all of them to cash and transfer to Canada within this year tax return. What should I do ?
Due to the large volume of comments we receive, we regret that we are unable to respond directly to each one. We invite you to email your question to [email protected], where it will be considered for a future response by one of our expert columnists. For personal advice, we suggest consulting with your financial institution or a qualified advisor.
Finding a job and doing all these banking formalities comes later. However, after landing where would you live, how much money you need to bring for your stay, food, commute, all this needs to be figured out. Just moving here and opening bank account and applying for jobs is not the first thing you do. In case you don’t find a job for 6 months how are you going to survive? Nothing comes free, even renting a basement costs $2,000 or more per month plus all other expenses.
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