Financial Literacy for Newcomers to Canada
Are you a new comer to Canada? In that case you must know that Canada is at present home to more than 6.8 million immigrants. It has a diverse population which comprises of more than 200 ethno-cultural groups. It is also must be noted that Immigration has played a key part in Canada’s population growth as well as economic prosperity. As a new comer to Canada you would have to take some complex decisions about your financial well being. You must learn to navigate through Canada’s legal, financial and tax systems. For all of this you need the right knowledge. You need to be financially literate in Canada. Let us explore the financial literacy needs of new comers to Canada.
Creating income levels comparable to Canadian born nationals
It is true that most of the new comers to Canada are high skilled and educated. However in spite of their high education and skill levels, it is noted that often it takes time for them to match the employment and income levels of create employment and income levels of the residential Canadian nationals. This is due to certain barriers that prevent new comers to secure employment in the fields of their expertise and knowledge.
Difficulties in assessing financial issues for new comers
Often owing to their past experience in regard to assessing financial products and matters in their home country, immigrants to Canada may assess financial matters in a manner similar to their home country. These may lead to misconceptions about the financial matters in Canada. They often therefore depend on established members of their communities for financial guidance. This often leaves them vulnerable to financial frauds. Thus you need to be aware of such situations and try and obtain the right financial literacy in this regard.
Financial Education Programs and services
You need the right financial educational Programs and services that would connect you as a newcomer in your initial first few years of your arrival. This is what l can act as key touch points to provide relevant and timely financial literacy information. It would support you to face the challenges you might face. Apart from this you also need the right financial experts who can guide you through. The Accounting and Tax is one such company which can help you in a big in educating you rightly and helping you in your financial matters in Canada. For more details please Contact Us!
