Budge
ting for Newcomers
Your Path to a Secure Financial Future
Budgeting doesn’t have to be overwhelming.
Butterfly helps you create a realistic budget tailored to life in Canada. Designed specifically for newcomers by newcomers, Butterfly guides you through setting up a budget that considers local expenses, unfamiliar currency, and higher living costs. And, it’s free!
With simple, step-by-step instructions and personalized insights, you’ll feel more confident managing your money in a new country.
Navigating Canada's financial landscape can be daunting and stressful for newcomers, and moving to a new country can take a serious toll on financial confidence. Recognizing these challenges, Interac collaborated with Conscious Economics on the Mindfulness & Money for Newcomers digital learning program.
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To grow and thrive in Canada, it’s important for newcomers to have the tools and resources available to achieve financial success. BMO SmartProgress™ can help you get familiar with Canadian banking basics, like budgeting and credit management and savings for your future. Here are some banking basics and tips to help you get started as a newcomer to Canada.
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The Canadian Bankers Association’s free Cyber Security Toolkit for Newcomers to Canada, developed in collaboration with Get Cyber Safe, aims to educate newcomers on cyber best practices and empower them to recognize, prevent and/or avoid common scams.
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While you probably had a bank account before coming to Canada, banking in Canada may be different from what you’re used to. Here is some important information to keep in mind when looking to open a bank account in Canada.
Whether you’re immigrating to Canada yourself or helping a friend immigrate, knowing what financial assistance resources are available will be helpful. There are programs offering financial assistance for immigrants in Canada, which can help with the transition. Check out this blog to learn more.
Being a newcomer in Canada can be difficult as you navigate the systems and processes of your new home. One challenge you might not expect? Adjusting to a completely new financial system. Here are some of the ways you can get your credit history off to a good start as a newcomer to Canada.
Read NowOur webinars offer in-depth advice on essential financial topics. Led by Richard Haggins, Senior Educational Facilitator, alongside guest experts, these sessions offer practical, easy-to-follow advice on budgeting and managing debt in Canada.
Canada is a diverse country with many opportunities – but there’s also plenty to adjust to, like new systems and processes.
Unfortunately, because of this, fraudsters will often target newcomers with scams related to immigration, banking, jobs, home rentals, the government… among others.
In this 30-minute webinar, our team of experts share real-world examples and provide practical advice to help you avoid being a target.
Sponsored by the Canadian Bankers Association.
Moving to a new country brings new opportunities, but also new financial challenges. This webinar is designed to help newcomers to Canada navigate their financial journey with confidence. Our experts will introduce you to the basics of banking in Canada, plus practical tips for managing your finances.
Plus, we'll be joined by Shreyti Garg, popular vlogger and an immigrant living in Toronto, Ontario. She will be answering questions and sharing her own experiences adjusting to life in Canada.
In this 45-minute webinar you’ll learn:
Sponsored by the Canadian Bankers Association.
The Canadian Immigrant Fair is returning to Mississauga for its third annual event on November 14, 2024, 10 a.m. to 3 p.m.. Credit Canada will be presenting a session on Budgeting For Newcomers and introducing the Butterfly app.
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Credit Canada will be participating in a webinar with Achēv on November 20th from 11 AM to 12 PM ET to talk about the basics of budgeting to build financial stability in Canada and how to use the Butterfly app to customize and build a budget.
Credit Canada will be participating in a panel discussion to talk about budgeting for newcomers, and Butterfly, our new app for newcomers to Canada.
A strong credit score makes getting a job, car, home, and other necessities for a comfortable life in Canada easier. As a newcomer, you’ll need to build your credit from the ground up.
That’s why we’ve put together a series of e-learning modules covering foundational credit concepts.
Learn how to establish a credit history, strategies for improving your credit score, and how to manage common credit challenges, including avoiding frauds and scams. Each module is available in eight languages (English, French, Arabic, Farsi, Hindi, Spanish, Simplified Chinese, and Tagalog) and takes about 13 minutes to complete.
Credit Canada has empowered Canadians to make informed financial decisions for over 50 years. As Canada’s most trusted non-profit credit counselling agency, we have helped millions of Canadians, including newcomers, with free, unbiased, and non-judgemental advice to support your financial journey.
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We’re here to support you every step of the way as you build a strong financial foundation in Canada. With our Butterfly app, expert blogs, webinars, and community events, you’ll have everything you need to feel confident and at home in your financial journey.
Welcome to Canada—we’re excited to be part of this new chapter with you.
