Empowering immigrants to thrive
The complexity of the Canadian credit system breeds a lot of questions, especially for immigrants. In this article, Julie Kuzmic, Senior Compliance Officer, Consumer Advocacy at Equifax Canada provides answers to the top ten questions immigrants ask about the Canadian credit system.
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.
With the level of misinformation and contradictions on credit history and score on the internet, understanding the Canadian credit system is a feat achieved by very few. Immigrant Muse Editor, Oyin Ajibola had a scenario-based and insightful conversation with Julie Kuzmic, Senior Compliance Officer, Customer Advocacy at Equifax, to help immigrants better understand the concept of credit in Canada. Â
Ever wondered what will happen to your CPP if you leave Canada before retirement? Immigrant Muse finds the answer for this reader who had the same question. Find out the answer…
Tax season – a period that puts some in a frantic scramble for documents while others dance to the sound of bank alerts from the Canada Revenue Agency (CRA). The difference between the scramblers and the dancers is knowledgeable preparation.
everyone is cut out for home ownership. How do you know if home ownership is for you? And most importantly, how do you know if you’re ready to buy a house? If you don’t feel ready, how can you get yourself ready? This article will help you answer these questions.Â
The day-to-day money decisions you make impact the ‘if’, ‘how’ and ‘when’ you achieve financial stability. Your financial decisions as a first-generation immigrant shape the foundation upon which the second generation will build. Here are 10 tips to get you on your way to sound financial health in Canada.
Saving money is the norm in a lot of immigrant cultures and while saving a percentage of your income is the first step to good financial health, investments can help set you up for a better future. is important to understand each account, so that you can make them work to suit your specific situation.
The importance of choosing the right bank account with a trustworthy financial institution cannot be over-emphasized. Thankfully, each bank in Canada has something unique to offer to newcomers and students. You are sure to find a bank with services and products that fit your needs.
How to build a customizable wall-hanging paper organiser that fits your ideal home’s aesthetic, with items you can find at the Dollar Store.