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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
Need help filing your taxes? Here’s where to go
Filing taxes can be confusing, especially if it’s your first time. Don’t worry, the Canada Revenue Agency created a Newcomer… Read more »
Filing your taxes as a self-employed individual
Running a buy and sell business? Delivering for Uber Eats? Whether it’s a small business, freelancing, or consulting, self-employed individuals… Read more »
6 tips to help you spend less on groceries
Are your grocery bills going through the roof? You’re not alone. Everyone’s feeling the pinch as prices of goods continue… Read more »
3 smart ways to save money and help the planet at the same time
Looking for new ways to save on expenses? Here are three easy ways you can adopt if you’re serious about… Read more »
Recent Money & Finances Articles, CLB3-4
Tax season also means scam season
Most of us are probably aware of the CRA phone call scam by now. This is when a person pretending… Read more »
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 place to live in, furniture,… 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 »
8 smart ways to save this holiday season
It’s the most wonderful time of the year! Whatever you celebrate, be it Christmas, Hanukkah, Kwanzaa and others, this season… Read more »
You can see more simple English articles here.
Related Activities
Tips about how to get ready to file your tax return in Canada
Taxation can be a very difficult and overwhelming topic. The goal of this workshop is to make it a little… Read more »
Preparing yourself for retirement in Canada
Getting financially ready to retire in Canada is one thing, but there’s a lot more to it that that. Come… Read more »
The importance of having a will
we have all heard that it’s important to have a will, but why? Come to this workshop and find out!
The importance of having a will
Having a proper well could save you and your family from financial disaster. Join this workshop to discover the importance… Read more »