Have you arrived in Canada recently? Globe’s Newcomer’s Guide to Finance in Canada is made for you.
Welcome! My name is Erica Alini, I’m a personal finance reporter for The Globe and Mail, and I was once a newcomer to this country. This is the road map to navigating financial decisions that I wish I had when I first came to Canada.
Whether you’ve just landed, have been living here for a few years, or are getting ready to move in, I’ve put together a financial guide to help you, in the form of a newsletter course delivered right to your inbox. I’ll show you the good parts, the “meh” and – let’s be frank – the ugly parts of managing your money in Canada.
Subscribe to the Newcomer’s Guide and each week for five weeks you’ll receive an email exploring a different aspect of personal finance basics in Canada. Lessons will drop into your inbox on Wednesday afternoon.
Here’s what you’ll learn:
1 week: Bank accounts and credit scores. The pros and cons of new bank accounts, why loyalty to your bank isn’t paying off, and how you can start building your credit score today.
Week 2: All about renting – plus, a little bit about buying your first home. How to find rent, what to know about tenant rights and rent control, and the best way to save for a down payment on a house.
Three weeks: To borrow money. From car loans to career loans, here’s how to navigate Canada’s diverse and sometimes dangerous world of debt.
Week 4: Taxes and government aid. How to estimate your take-home pay, file your taxes, and claim the benefits you qualify for.
Week 5: To invest. A low-cost, low-effort way to increase your savings. Also, how to avoid overpaying for investment products and advice.