ChecklistIndividuals & newcomers·Newcomer essentials
Banking and Credit Checklist for Newcomers
Build credit and avoid fees as you get started in Canada.
Sections covered
- As you set up your finances
Template preview
As you set up your finances
Compare newcomer banking packages and fees.
Ask about a no fee account for your first year.
Get a secured or newcomer credit card to build history.
Pay any card balance in full and on time.
Understand interest rates before borrowing.
Watch for cheque hold times on early deposits.
Keep records for taxes and future credit.
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