Moving to Canada made easier
Permanent residents and foreign students go through the chaotic process of moving everything from home to family to finances to Canada. “As Canada’s most international bank, we have a unique perspective on the contribution immigrants make to the cultural and economic fabric of Canada,” said Winnie Leong, Vice-President of Multicultural Banking, Scotiabank. “We believe it’s vital to help start them off on a solid financial path – and a key part of that process starts with a clear financial plan.”
One way those planning to move to Canada can get a head start on their new lives is by starting a relationship with a bank before setting foot in Canada. The Scotiabank StartRight international account opening program offers individuals from Mexico, China and India the ability to apply for a bank account and credit card, and send money before leaving their home country.
Scotiabank’s top five financial tips for newcomers to Canada:
• Find a financial advisor. A financial advisor can guide newcomers through the financial part of building a new life in Canada.
• Open a Canadian bank account. Find a financial package specifically for newcomers, like the Scotiabank StartRight Program.
• Identify financial priorities.
• Build a Canadian credit history.
• Establish smart spending habits.
The bank’s website for newcomers, www.scotiabank.com/startright, is available in Spanish, Punjabi and Traditional and Simplified Chinese.
Posted: Oct 31, 2012