How to Prepare yourself for Financial success In Canada if you are a new worker or student in the country , must know this steps.If you are ready to make your dream come true by moving to live and work or study in Canada, then you may have selected the destination on the area in which you want to settle and in which you have a job offer from the employer.
Step #2 Build a new immigrant's credit score to achieve the dream of settling in Canada
Canada has certain conditions and credit system, which makes the person applying for obtaining a home purchase or arranging to obtain a loan or rent a house or apartment subject to prior agreements about the appropriateness of the ability of a good immigrant in Canada to be approved by the competent authorities in Canada for the person’s request, Without forgetting other services such as the phone and the Internet to ensure good employment conditions and without complications in the future.
Step #3 Immigration to Canada as a student / International student
Studying in Canada is a dream for many to continue their education or finish graduation stages, as educational institutions in Canada allow the immigrant to obtain a very good education at a competitive cost, in addition to opportunities to build international relations in light of the diversity of society and education in general in Canada. It can also provide employment opportunities under your studies or after completion, while improving the qualifications for obtaining permanent residence in Canada.
A person who wants to immigrate to Canada must go through a number of stages to achieve his goal, taking financial resources as your first step towards immigration and work in Canada.
As a new Canadian expatriate to a destination that you do not know much about except through videos or experiences of people who have previously moved to Canada, this is a guide for help and advice.
Step #1 Open a bank account as a new immigrant
The newcomer to Canada must be legally registered in a Canadian institution or legally employed in order to open a bank account.
An immigrant who has come to Canada as a permanent resident, alien worker, or international student may apply for a Scotiabank Start Right program. With this program designed for new immigrants only, eligible customers can get a monthly account fee for the first year with unlimited international money transfers without fees . To apply, a new immigrant to Canada must bring one of the identification documents, for example:
*Passport
*Permanent Resident Card
*Canadian Citizenship and Immigration Form (IMM 1000, IMM 1442, IMM 5688, or IMM 5292).
To know if you are ready or missing some other procedures .
Canada has certain conditions and credit system, which makes the person applying for obtaining a home purchase or arranging to obtain a loan or rent a house or apartment subject to prior agreements about the appropriateness of the ability of a good immigrant in Canada to be approved by the competent authorities in Canada for the person’s request, Without forgetting other services such as the phone and the Internet to ensure good employment conditions and without complications in the future.
As a new immigrant in Canada, the best way to open a credit card account is from the nearest bank to your area, which will facilitate the way for you.
As often the financial institution asks new immigrants who do not have a credit history after they open a secured credit card, which means in the concept of this line of credit that has personal guarantees for the user, such as money. For example Scotiabank allows new immigrants to arrive and immediately start building their credit history.
This card can be used like any debit card, with a limitation on paying debts, if they exist at the exact time. Which helps improve your score enough to buy a car, get a loan, buy a house ....
Students can apply for Canadian credentials, to be able to manage their tuition fees and daily funds through a free student checking account. This is a special program for full-time students enrolled in a Canadian post-secondary plan. In addition, given that a new immigrant is an international student, he can qualify by applying for an unsecured credit card even with no credit history.Where the new immigrant can enjoy the rewards for spending and keep track of his credit score seamlessly . This make enough on a school to do list for this student,and will make managing money easier as a new immigrant student.