Financial Literacy resources for New Canadians
In case you have just immigrated to Canada. You would know that it is a great country, which offers plenty of opportunities for all. However having migrated to anew country you need to get familiar with it. You must get acquainted with all the financial institutions and to cater to your financial needs in a new country means. Thus you must be aware of the systems and tools in place. This is why you need the right resources which can provide you with authentic information about what you need to do as a new comers to Canada. We at The Accounting and Tax have always tried to make new comers familiar with the financial system in Canada and provide valuable consultation in the field. Let us look at some of the genuine resources you could go through in this regard.
Resources you can use
You need to note that a large number our Canada’s financial institutions have programs to help newcomers get established. Almost all of them offering free banking” for the first year. This includes unlimited transactions as well.
Bank of Montreal
As a new comer you must know, The Bank of Montreal has a nicely balanced portal for newcomers. This includes a good range of some basic information about how to open a bank account, borrow money and start a business.
Scotia Bank
This is Canadian Bank which has a “Start Right Program”, a banking product mainly targeted at new immigrants to Canada. It has a nice brochure in regard to Canadian banking available in 13 languages which you could go through to enhance your knowledge about Canadian Banking and so on.
CIBC
In case you are looking for new comer mortgage then this is one great program which helps immigrants get mortgages even without a Canadian credit history. Thus for immigrants who want to avail mortgage in Canada this is indeed great.
Royal Bank of Canada
This is one bank which offers a huge newcomer portal with its Welcome to Canada banking package. It has full information and banking tutorials in 14 languages. It also caters to foreign students.
HSBC
HSBC is a bank which has banking products which are directly targeted at newcomers to Canada.
