Advice for Newcomers to Canada

           Moving from one place to another is a hardship for anyone. It takes time and effort to adapt to the new place you moved to. Every country, city, and town has its own rules and regulations that newsletters must learn about and follow.  

           It is important for everyone to secure themselves financially. I have a few bits of financial advice for newcomers. The first would be to start a bank account at one of the trusted banks. They would have the option to create a checking or savings account, whatever they feel comfortable with. This will help them make sure their money is in a safe place and to keep track of their spendings. Secondly, I would recommend for people with children to apply for child benefits, which is a benefit program from the government for families with children. This would help the family raise their kids with all their needs fulfilled. The last thing I would urge newcomers to think about is investing their money in after retirement programmes. In Canada, there are many choices that are offered like: Canada Pension Plan, Registered Retirement Savings Plan, Old Age Security, and Employee Insurence. Those programs help elders secure their lives after retirement.

           Newcomers should consult professionals in their financial status so that they would make sure they are taking the right step. It is very important to understand the rules of the place you are moving to and to plan further ahead.