Money and Banking

Managing your money and understanding tax and savings regulations can make a big difference to you and your family. If you want to buy a car or a house, and in many other situations, you will need a good credit rating in Canada.  There are many different ways to save money.  You should also make sure that you are claiming all the allowances you are entitled to as part of your income taxes.

For general information on:

  • Banking
  • Types of bank accounts
  • Cash, cheques, and credit cards
  • Loans and mortgages
  • Taxes
  • Financial help for seniors
  • Investing money

see Chapter 3: Money and Banking of the WelcomeBC Newcomers’ Guide which can be downloaded as a PDF or an eBook.

For information about managing money, see: WelcomeBC Managing your money.

See Chapter 12: Money and Finances in the Welcome to Canada guidebook which can be downloaded as a PDF or an eBook, or you can order a print copy.

The Canadian Centre for Financial Literacy (CCFL) offers information worksheets on money matters such as income and taxes, budgeting, banking, saving, credit and debt in 8 languages:  CCFL Worksheets

Help with money and taxes

If you have questions about money and taxes you can talk to a Settlement Worker who can help all immigrants with information, with government forms and can put you in contact with the right people to help you.

Many people work several jobs to make enough money, especially when the resort slows down and there is less work in the shoulder seasons.  If you find yourself struggling without enough money contact a WCSS Outreach Worker; they may be able to help. Call Vanessa 604-938-3902, Jackie 604-902-5089, Ashlin 604-902-0670, or Taylor 604-902-0865.

If money is too tight to get food on the table, contact the WCSS Food Bank Coordinator at 604-935-7717, or visit the WCSS Food Bank. See www.mywcss.org for hours of operation and location.