Arrive In Canada Financially Prepared

August 11th, 2022 | 10:30 AM Toronto Time

Moving to Canada is a complicated process with many challenges and a lot of stress. Banking in a new country can seem like a daunting prospect too, but it doesn't need to be. Register for our upcoming webinar to learn how to set up your finances in Canada the right way.

By attending the live event you will be able to hear from Taru Walia, Financial Advisor from Scotiabank. You will have an opportunity towards the end of the webinar to ask her any questions you have.

At the live webinar you will learn:

• The importance of managing your money upon arrival in Canada
• Budget tips for before and after you arrive
• The Importance of savings
• How Scotiabank's StartRight program can help you
• How to book an appointment with a Scotiabank representative

Be sure to consider the additional financial needs that you and your family may need. Each family will have different financial needs. Also, it’s a good idea to research how much things cost in the city where you plan to live.  Here are some basic guidelines to help you budget how much you may need (costs do not include airfare or moving expenses):

• One adult moving alone: $25,000 CDN
• One couple moving together: $30,000 CDN
• A couple with one child under 10 years: $33,000
• A couple with a child over 10: $35,000
• For each additional child under 10: add $1,000
• For each child additional child over 10: add $2,000

Who should attend?

• Applicants who have received a medical notification letter or email

• Individuals approved in principal for Permanent Residency

• Permanent Residents

• Protected persons

• Refugees