Budgeting 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.
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.
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Using the sustainable spending method has some major benefits when it comes to your long-term financial health, such as reducing stress about money, avoiding debt cycles, and making it easier to save. Check out this blog to learn this way of budgeting.
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.
Join us for an empowering session designed to help newcomers build a strong financial foundation in Canada. In this session we will cover:
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. Register to attend for free.
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Credit Canada will be participating in a webinar with Achēv to introduce practical budgeting skills and concepts and demonstrate how Butterfly can help newcomers budget for life in Canada. Don't miss out on this free webinar to learn how to build financial confidence.
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.
