Finance

Before you send or receive payments on behalf of your business, you’ll need a dedicated business account to allow you to manage your finances most efficiently. However, if you’re new to doing business in Canada, or if you’re a non-resident or expat there, you might find it challenging to select the right account to cover […]

Expat, international student, digital nomad or long term traveler in Canada?  For day-to-day money management, you may want to choose between opening an account with a Canadian bank, one of the big international providers, or a digital-only service such as Wise. This guide explores your options. Quick summary: Banking in Canada for expats Banking in […]

Banking in Canada may be unfamiliar if you’re moving there from overseas to live, work or study. This guide covers all you need to know about Canadian currency, banking and costs. Canada has a very well developed banking system with many different banks to choose from, and an excellent range of products and services. However, […]

Living abroad often means your income or support comes from more than one country. For expats in Canada, finding a straightforward, safe, and affordable way to receive money can make everyday life much easier. For many expats and internationals living in Canada, receiving money from abroad is part of everyday life. Salary payments, family support, […]

If you’re an expat in Canada, knowing your credit score is helpful. Having a stronger Canadian credit score can help you get a better interest rate if you apply for a loan, mortgage or credit card. As your credit score is an important measure of your creditworthiness it can also be used when setting up […]

A multi-currency account allows you to hold, receive, send, spend and exchange different currencies all in one place. This can make cross border transactions easier and cheaper for both individual and business customers in Canada. If you travel often, get paid from abroad, manage overseas bills or invest in foreign currencies it can be tricky […]

Untangle cross border international banking for expats in Canada so you can manage money on both sides of the border with fewer surprises. This guide is for Americans in Canada, dual citizens and other readers with active US ties. It explains how everyday banking, transfers and borrowing can work across two systems. By the end, […]

If you’re thinking of buying life insurance in Canada as an expat, you’ll need to get familiar with the policy options commonly used. This guide walks through options for life insurance to help you decide what’s right for you and your family. As an expat your life insurance needs may look a little different to […]

Find out all about how health insurance in Canada works, whether you need to get coverage, what your options are, how much it costs, and more. Canada has a high-quality public healthcare system that covers many medical services for citizens and permanent residents. However, coverage is not automatic for newcomers. It’s important to register for […]

Find out all about mandatory and optional forms of insurance in Canada, how to make an insurance claim, and more. Insurance is a major industry in Canada, with many companies offering a wide range of products. However, while many types of insurance may be desirable, few are legally required. Understanding how the insurance market works […]

Home insurance offers peace of mind and protections in case of theft, damage or loss of your property and belongings. Home insurance in Canada varies but could offer cover for extreme events such as your home being destroyed in a fire, right through to more common everyday incidents like accidental damage to your home or […]

Sorting out health insurance is one of those essential steps international students need to handle before ever setting foot in Canada. Because healthcare is managed provincially rather than nationally, your exact coverage depends entirely on where you study, the institution you attend, and even your arrival date. Depending on the province, you might qualify for […]

Understand car insurance in Canada before you buy, lease, or drive as a newcomer. Car insurance is mandatory across Canada, but the rules, minimum coverage, and buying process vary by province or territory. For expats, understanding how the system works before you buy can save time, money, and frustration. This guide covers foreign driving licences, […]

Having a credit card can make it easier to manage your daily spending, with ways to spread the costs of major purchases over several months, and opportunities to earn rewards and unlock discounts and promotions. Having the right Canadian credit card can make a big difference – but for expats and new arrivals, understanding Canadian […]

If you’re an expat, overseas retiree, international student or digital nomad you may be looking for investment inspiration and guidance when moving to, or living in, Canada. Because the options available to you in Canada – and the costs, outlook and tax rules – might vary a lot from your home country, it’s important to […]

If you’re an expat, frequent traveller, international student or digital nomad in Canada, the chances are that you need to make frequent international wire transfers to pay bills, send funds home and keep up with your day to day finances. Transferring money internationally while living in a new country can be a challenge. This guide […]

If you’re a new arrival in Canada, or if you’re planning to move there soon, you’ll want an account which can help you manage your money and transactions in CAD. A Canadian dollar account can also be a helpful addition if you’re a non-resident who travels to Canada, or does business there. Join us as […]

Wise provides powerful digital account and payment services which can help expats in Canada manage their money across currencies conveniently and with low costs. Use Wise to hold 40+ currencies including CAD, and receive international payments in 20+ currencies. You can also order a card for spending and withdrawals, and sending international wires to 160+ […]

Start building Canadian credit safely, with steps you can begin online in your first weeks after arrival. If you’re new to Canada and trying to rent a home, get a mobile phone plan, or qualify for your first card, you usually need to create Canadian credit history from scratch. That can be daunting, but there […]

Getting your first Canadian credit card as a new arrival can be important, to help you build your credit score, access financing and start to settle more quickly into your new home. However, with no local Canadian credit history, getting a credit card can prove trickier than you may expect. This guide is for newcomers […]

Moving money to Canada is legal, but can feel stressful when you are carrying savings, receiving family support, or transferring the proceeds of a sale. What matters most is not just the amount, but how the money enters Canada and where the money came from in the first place. The rules you need to know […]

As one of our closest neighbours, there are plenty of reasons you may want to open a USD account in Canada. If you’re a cross border commuter, have a US vacation home or do business stateside, having a USD account can help lower your costs. Whether you’re a US citizen living in Canada, or a […]

GBP accounts in Canada can help individuals and business owners who send, spend or receive British pounds frequently. Get a great exchange rate, spend less on fees, and transact conveniently across currencies. If you travel to the UK frequently, send payments abroad, receive a salary in British pounds, or want to diversify your savings and […]

If you need to transact between Canada and one of the 20 Eurozone countries, a EUR account in Canada can be a good way to access low fees and preferential exchange rates, to cut the overall costs of transacting across currencies. 20 countries in Europe use euros as their official currency. If you’re in Canada, […]

Managing money between currencies can feel complicated when you live or travel abroad, but the Wise Card helps make it simpler. The card connects to your Wise account so you can spend, withdraw, and convert money at the mid-market exchange rate with clear, low fees. For expats and frequent travelers in Canada, it offers a […]

Open an AUD account in Canada to transact between Australian and Canadian dollars more easily – and often with lower fees compared to sticking with your CAD checking account. Opening an AUD account in Canada can be a smart plan for Australians living in Canada, international students, business owners and frequent travelers. Whether you’re receiving […]

More and more of us are managing our money digitally now, with apps to view, check and arrange transactions on the move. From using a mobile wallet to tap and pay in a store, to reviewing your account balance at a glance, mobile banking solutions make life easier and more convenient. This means that new […]

There are plenty of ways to save money in Canada as an expat – but they’re not all obvious if you’re a new arrival in the country. This guide gives money saving tips, tricks and inspiration. The costs of living globally have been rising in the past few years. Canadian government statistics show that back in 2024 […]

Looking to save some money to spend in your retirement? Here’s all you need to know about pensions in Canada, including how to enroll and what you’ll get. Canada has good living standards, great public services, and many beautiful natural landscapes, all of which help to make it a country that scores well on international […]

Explore retirement in Canada as an American, from visas and taxes to healthcare and daily costs. Thinking about spending your golden years in Canada? You’re not alone. With its publicly funded healthcare system, stunning landscapes, and welcoming communities, Canada attracts thousands of American retirees each year. But retiring across the border involves careful planning around […]

RRSP rules can feel simple until you add an expat move or plans to leave Canada. For newcomers and foreign residents in Canada, the key issue is not just what an RRSP is, but how your income, Canadian tax residency, and future plans affect the way you can use one. If you are working, filing […]

Canada does not impose any inheritance tax – but there are still taxes which must be paid to the CRA when someone dies. Read this guide on Canadian inheritance and estate taxes for expats, to learn more. There’s no specific inheritance tax in Canada – but that doesn’t mean that no tax is paid on […]

Learn all about taxes in Canada, including types of tax, current rates, who has to pay, and more. Tax can be a complicated topic, but it’s important to understand – especially if you’re moving to a new country. You’ll need to learn about your tax responsibilities in both your new home and the country you’ve […]

If you’ve started your own business or work as a freelancer in Canada, it’s important to register for taxes and make the required payments. Canada’s tax system can be complex, especially for self-employed expats who may also have to file taxes in another country. This guide explains what you need to know about taxes for […]

If you run a Canadian business you’ll need to comply with CRA and state rules on tax filing and payment. Read on to learn about Canada corporate tax rate, corporate tax filing process and deadlines Owners of Canadian registered corporations need to understand the Federal corporate tax rate and filing protocols, as well as the […]

If you live or work in Canada, you may need to file a tax return each year. While the Canadian tax system can seem complicated, this guide explains what you need to know and how to file your return. Here are the topics we’ll cover in this guide: Income tax in Canada: Overview and latest […]

Understand double taxation agreements in Canada, and how residency rules, foreign income, and cross-border filing fit together. If you earn income, own investments, or have financial ties in more than one country, you may wonder whether you’ll have to pay tax twice on the same money. Canada’s double taxation agreements (also called tax treaties) are […]

File your first Canadian tax return with a clear plan for residency, income timing, and double-tax relief. When filing your first Canadian tax return, the key question is usually not whether you earned foreign income, but when you became a Canadian resident for income tax purposes. Once you know that date, you can separate pre-arrival […]

Moving abroad does not automatically end your Canadian tax residency. The Canada Revenue Agency (CRA) looks at your residential ties, circumstances, and the date you actually became an emigrant for tax purposes—not simply when you boarded a plane. Understanding how to declare non-residency in Canada matters because tax residency is separate from your citizenship, permanent […]

If you live outside Canada but still receive Canadian income, you may still have Canadian tax obligations. The rules depend on your tax residency status, your residential ties to Canada, the type of income you receive, and whether tax is withheld at source. Understanding the difference between immigration status, tax residency, and filing requirements can […]