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New currency, new rules. Being financially literate is a big part of your success in your new home. This section has information, tips and hacks to help you handle your finances. You will also learn how to navigate taxation, government benefits, banking, and credit like a pro.
Quick Facts
- According to an Ipsos Reid Study, higher financial literacy affects social, economic and physical well-being; opportunities for social and family interaction; participation in community activities; employability; career advancement; and corporate efficiency.
- The Government of Canada is encouraging people to have bank accounts to save administration costs for mailing cheques. It would be more convenient for anyone receiving benefits such as GST, the Canada Child Tax Benefit, and other payments from provincial or territorial programs to have a bank account.
- People tend to underestimate what they spend. Studies show that incidental expenses (unplanned purchases at the grocery, or mall) take up 20% or higher of a family’s budget.
Newest Money & Finances Articles
8 habits that will help you avoid getting into debt
Starting a new life in a new country can be expensive. You will need a new place to live in,… Read more »
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Insurance basics: 5 things you should know about insurance
All of us want financial security for ourselves and for our family. We know that having insurance can help us… Read more »
5 ways insurance can help you when you’re starting out
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Recent Money & Finances Articles, CLB3-4
8 habits that will help you avoid getting into debt
Starting a new life in a new country can be expensive. You will need a new place to live in,… Read more »
10 ways to save money during the holidays and still have the best time
Dreading the holidays because of the expenses? The cost of gifts, hosting parties and other holiday activities can pile up…. Read more »
Do I really need an emergency fund?
Did you know that one of the most important elements of a good financial plan is having an emergency fund?… Read more »
Top 5 scams newcomers should be aware of
Anyone can be a target of fraud. Frauds or scams are “schemes of deception designed to secure unfair or unlawful… Read more »
You can see more simple English articles here.
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