Understanding how to manage your finances in a new country is key to settling in comfortably. This discussion is all about banking and money management in Canada! We can talk about opening a bank account (chequing vs. savings), choosing the right bank, and understanding banking fees. Major Canadian banks include RBC, TD, Scotiabank, BMO, and CIBC, among others.
A big part of Canadian finance is building a credit score, which is essential for renting an apartment, getting a phone plan, or securing a loan in the future. Let’s demystify credit scores – how to build them from scratch and common mistakes to avoid. Plus, we can share tips and tricks for budgeting your money effectively, saving for your goals, and understanding taxes. What financial advice do you wish you had known when you first arrived?