Canadian dollar coinFinances

In the early days in Canada there are a lot of financial matters to deal with. This section will help you adapt to Canada's way of working. Don't assume it is the same as the UK.

Exchanging your money

Most people moving to Canada want to convert their money into Canadian dollars. Especially if you have the proceeds from a house sale to take with you, small movements in the exchange rate will make a big difference to how many dollars you end up with.

Read this article on your options in how you exchange your money.

Credit history

It is important to build up a credit history in Canada. It doesn't matter how good (or bad) your credit history was in the UK, it is your Canadian credit history which counts. Read more »

Opening a bank account

The Canadian banking system is similar to the UK’s but not the same. One thing you might consider doing is opening an account before you land here. You can do so on a research trip and this will probably make things easier for you. We use and recommend TD Canada Trust and have a relationship with their main branch in Vancouver. So if you want to open a bank account, read more »

Getting a mortgage

Information on getting a mortgage in Canada. As the terms used in Canada can be a bit confusing it is good to know there is help. Read more »

How to pay down your mortgage faster

We are pleased to bring you this tip from our mortgage broker, Keith Baker. Probably we would all like to be able to pay off our mortgages faster. This tip could do just that and probably save you money too. Read more »

UK state pension

You can get your UK state pension paid in Canada. There is a catch however. Read more »

 

Relocation Tips Weekly Newsletter

Enter your email:

privacy statement

Want the latest exchange rates? Try our new Currency Converter

See also:

Car insurance
Our guide to insuring your vehicle and getting your no claims record transferred to Canada.

Utility costs get an idea of how much you may be paying for these basic services in Canada.

Lighthouse Park Main Trail Lighthouse Park’s main trail in the winter sunshine.

Foreign Exchange from TTT Moneycorp Foreign Exchange from HiFX Anglo Pacific International Removals Keith Baker - mortgage broker offers mortgage advice and pre-approvals in Canada

This Div is on all pages based on this relocation2BC template.