Set up banking, understand fees, start a Canadian credit history, and learn how payroll deductions and taxes work.
7 min read
The Financial Checklist for Newcomers to Canada
New country. New financial system. A whole new set of rules. From opening accounts and building Canadian credit to understanding taxes, insurance and registered accounts, learn the financial steps that can help you build a strong foundation in Canada.
First 90 days
Next steps
Build a small emergency fund, learn what registered accounts exist, and understand what protection your employer does or does not provide.
Then plan
Once the basics are steady, look further ahead: home ownership, education savings, investing and retirement.
This lesson is general education only and is not individualized financial, investment, insurance, legal or tax advice.