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Important questions for newcomers to Canada |
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Wednesday, 29 July 2009 |
Important questions for newcomers to Canada (NC)—One of the priorities for newcomers to Canada is getting settled and becoming established financially. Andrea Metrick, head of client strategy and multicultural markets for RBC Royal Bank offers these five tips for making a successful transition: • Banking practices and laws are different around the world. Ask your bank representative or advisor to explain the differences in Canada. • There are different types of banking accounts in Canada, each with its own features and benefits. Your banking advisor can explain which account is right for you based on your individual needs. • Your credit history from another country is not readily accessible to Canadian financial institutions when applying for credit in Canada. Talk to your bank about starting to build your credit rating in Canada as soon as possible. • Protecting yourself and your family is an essential part of feeling financially secure. Find out about insurance options available to you. For example, automobile insurance is mandatory if you plan to own a vehicle in Canada. • Purchasing a home often makes newcomers feel more settled in their new country. Ask about first-time homebuyer loans for your particular situation. Newcomers can get advice on setting and meeting their financial priorities in their new country in a new guidebook called Understanding Banking in Canada, available with the RBC Welcome to Canada banking package. You can find out how to obtain a copy online at www.rbc.com/wtcpackage. - News Canada
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The NewCanadian is back!!
The NewCanadian Magazine was born in September 2002, when a group of young writers and graphic designers came together for its inaugural issue. The magazine sought to write on Canadian business culture and politics reflecting Canadian society as it truly is. The Magazine was distributed through the Globe and Mail and soon found a loyal following amongst opinionmakes and scholars. In January 2006, faced with ever increasing costs of printing and distribution, the NewCanadian ceased print publication. The NewCanadian Magazine is back as a rejuvinated, online publication. We will continue in the best journalistic traditions, independant, free and vocal. We invite writers and grahic designers to contribute their talents in making this site , the last word on Canada.
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