Moving to a new country opens up many opportunities. It also leads to new experiences, choices and decisions. With an abundance of information and options, seeking advice from someone familiar with this country and its systems can make adjusting a little easier.
To start, you’ll need to establish yourself. We can help explain Canada’s banking system and guide you through the process of opening an account, building credit and even applying for a mortgage. More importantly, we’ll work with you to assess your current financial situation – weighing the money you are earning against your household expenses to come up with a suitable monthly budget.
In addition to managing your day-to-day expenses, you’ll want to start planning for your financial future. We’ll help you take advantage of various government programs available in Canada, such as a Registered Retirement Savings Plan (RRSP) or Tax-Free Savings Account (TFSA), to help you save for retirement and save tax. If you are saving for your child’s education, we can show you how you can get additional money from the government with a Registered Education Savings Plan (RESP)*. Regardless of what your personal short- and long-term goals are, we’ll take the time to understand them and create a plan to help you achieve them.
We’ll also help you provide for your family, keep your home and protect your savings from the impacts of unforeseen circumstances. With an understanding of Canada’s health care system, we can assess your needs and explain the many types of insurance coverage available.
As the financial firm for all Canadians, Investors Group is committed to helping you settle into life in Canada. We’ll listen attentively to your needs and will be sensitive to how you prefer to make financial decisions. Let us help you navigate through some of the more challenging aspects of arriving in Canada.
Source: Household expenses, online: Citizenship and Immigration Canada www.cic.gc.ca, 2011.
1 The Canada Education Savings Grant and Canada Learning Bond (CLB) are provided by the Government of Canada. CLB eligibility depends on family income levels. Some provinces make education savings grants available to their residents.
Experience ease and convenience with all your banking needs in one place.
Registered Education Savings Program (RESP)
Provide educational opportunities for your children with financial help from the government.1
Critical illness insurance
Provide for your family in the event of a life-threatening illness.