As a newcomer, you’ll want a credit card that offers you the best value without having a long Canadian credit history. Here’s a list of our favourite cash back, rewards, low-interest cards and more.
Temporary foreign workers, international students, and new permanent residents arriving in Toronto are having a hard time getting an apartment due to the lack of affordable housing there and the frequent lack of a Canadian credit history by these newcomers.
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You’ve arrived in Canada and your first days are filled with so many first steps. Settling into your temporary accommodation, exploring your new city, applying for your health care and social insurance cards, and much more. From where to buy groceries to how to learn about the local transit system, your first few days are a whirlwind. Opening a Canadian bank account may not be at the very top of your list, but it becomes a quick priority after your first few days of settling in.
After all, you need a place to keep your money safe and get a Canadian debit card to easily pay for your groceries, transit fare, and more. You may also want to keep a few important documents or belongings in a safe deposit box. Or you may want to figure out how to start sending money back home to your family.