Finance – Immigrant Muse Magazine

Choosing Between a Tax-Free Savings Account and a Registered Retirement Savings Plan

March 23, 2023March 30, 2023 Kshama Ranawana

Saving for the future is important, and though income levels may not always make it easy, it is a prudent move. Two common savings accounts available in Canada are the Registered Retirement Savings Plan (RRSP) and the Tax Free Savings Account (TFSA). To understand how these plans work, Immigrant Muse asked Brenda Akins, Associate Portfolio Manage, Kozak Financial Group, CIBC Private Wealth, and here are her responses.

How to Avoid Financial Scams and the Resultant Problems

March 14, 2023March 29, 2023 Brittany Stuckless

With modern technology rapidly developing, financial scams have never been more dangerous. Becoming prey to fraudsters can cost immigrants a fortune, and victims often struggle to report fraudulent crimes. Learning to tell the difference between a scam and a genuine offer can help save newcomers from making devastating financial errors.

Current Economic Hardship Threaten Survival of Immigrant-Owned Businesses

February 11, 2023March 3, 2023 Dan Chalcraft

Local immigrant-owned and operated businesses work longer hours despite extensive family commitments, yet they make less revenue than Canadian-owned and operated businesses. What impacts these businesses, and what do business experts advise to ease the pressures?

Living to Your Full Potential Through Goal Setting

December 25, 2022January 8, 2023 Immigrant Muse

While the future may be full of possibilities, knowing where to start on the path from your current life to the one you envision for yourself can be challenging; this is where goal setting is the most useful. Setting a goal gives you something specific to work towards, which can also help you stay motivated and on track. How do you set goals and what can you do if you can’t seem to achieve your goals? We answer these questions in the article and also provide a simple goal setting template with actionable tasks to help you reach your full potential.

Jean Agenor, founder and CEO of Waxdale Ecosystem

What Mentorship Really Teaches You

November 1, 2022November 12, 2022 Immigrant Muse

“I was 100 per cent against mentoring before. I didn’t believe in it at all,” admits Jean Agenor, founder and CEO of Waxdale Ecosystem. The reason was simple: he was uncertain whether people’s experiences were relatable. What does Jean think about mentorship now?

Three Myths About Life Insurance Debunked

October 4, 2022October 4, 2022 Immigrant Muse

Have you ever wondered whether it’s important to have a life insurance policy? Many immigrants fail to get a life insurance policy because of popular misconceptions. In this article, we debunked three myths about life insurance that hinders people from making informed decisions.

The Uplifting Power of Mentorship

August 1, 2022August 8, 2022 Immigrant Muse

Futurpreneur advisor and founder of The Covenant Group, Keita Demming explains the importance of mentorship in business and career and shares his motivation for going into mentorship.

Thriving as a new member in a credit society

July 6, 2022July 11, 2022 Immigrant Muse

A good credit rating is essential for life in Canada, as most lenders want to know how you have handled credit in the past to determine how well you will handle it in the future. Credit card issuers, auto dealerships and mortgage lenders will check your credit score before deciding how much to lend you and at what interest rate. Here are tips to build your credit in Canada and the pitfalls to avoid.

Skills You Need to Become an Entrepreneur

July 4, 2022July 11, 2022 Immigrant Muse

Entrepreneurs are a special kind of people. They see an opportunity and seize it. They are innovative and unafraid to take risks. What skills do they need to succeed? Many people think it only takes a great idea and some determination, but that’s only part of the story. In order to be successful, entrepreneurs need a variety of skills to manage a business effectively.

Category: Finance