Surviving on minimum wage is never easy, and is a stark reality for many newcomers to Canada. Pracheer Saran shares how he managed to make ends meet – and even save – all while working for $11 an hour.
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Canadian immigration has been found to directly impact the health of the import and export industry. Read on to learn more about how newcomers boost Canada’s economy.
Finding the right daycare is like solving the Rubik’s cube: it’s a challenge to find a combination of reliability, safety, convenience and affordability. It’s a struggle MoneyWise writer Pracheer understands all too well, as he and his wife search for a daycare for their three-month-old son. Read on for his tips on accessing government funding for daycare costs.
Establishing a credit and banking history in Canada used to be very challenging for newcomers to the country. However, Canada’s big banks have recognized the opportunity presented by newcomers to create life-long customers – and a new slew of marketing campaigns now target immigrants looking to work, save and invest.
Are the children of immigrants financially savvier than those born in Canada? Pracheer Saran explores the phenomenon of greater financial literacy among newcomers – and what everyone can learn from frugal living practices.
When pro poster Pracheer arrived in Canada, he found his banking options to be limited due to his lack of Canadian credit history. However, BMO took a chance on him – and made a loyal customer for life. However, while BMO offered great service, Pracheer took notice of great rates from other lenders… and wasn’t afraid to make the switch.
Moving to Canada presents tough financial challenges – and many newcomers may be so focused on making ends meet that they fail to pencil in a little downtime. Here, guest poster Pracheer Saran shares his tips for enjoying and exploring your new nation or city while managing a strict budget.