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Guide to Canadian banking terms

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]]>Celebrating Canada’s food diversityDid you know? Canada is home to more than 600 First Nations communities, representing over 50 Nations and speaking more than 50 different Indigenous languages. (canada.ca) LIVINGGuide to Canadian banking termsNavigating financial terms in a new country can be challenging. Here’s a concise guide to key Canadian financial terms to help you start off right: 📌 Chequing AccountDefinition: A basic account for everyday transactions like deposits, withdrawals, and bill payments. 📌 Savings AccountDefinition: An account for saving money and earning interest on your balance. 📌 e-TransferDefinition: A secure method for transferring money between bank accounts via email or text. 📌 Direct DepositDefinition: An electronic payment method where funds are transferred directly into your bank account, commonly used for payroll and government benefits.📌 OverdraftDefinition: When your bank allows you to withdraw more money than is available in your account, resulting in a negative balance, often incurring fees. 📌 BudgetDefinition: A financial plan outlining expected income and expenses over a specific period, helping you manage your spending and prioritize savings. 📌 LiabilitiesDefinition: Financial obligations or debts you owe, such as loans and credit card balances, essential for managing your overall financial health.CANADA EH?Things to do around youNear Toronto, the Bolton Fall Fair at the Albion-Bolton Fairgrounds offers a jam-packed schedule of activities and entertainment. Located about a 45-minute drive from Toronto. September 20 – September 22Toronto International Festival of Authors at Harbourfront Centre offers 11 days of storytelling joy, featuring diverse tales from Toronto and beyond. Meet your favourite authors and explore new worlds. September 19 – September 29Edmonton Oktoberfest at Fan Park at ICE District is Western Canada’s largest Oktoberfest celebration. Immerse yourself in the rich heritage. September 12 – September 28Calgary International Film Festival at various venues celebrates over 40 countries and up to 200 films, offering everything from comedy to drama. Find your new favourite film. September 19 – September 29Winnipeg’s Sunset Goose Flights at FortWhyte Alive offers a breathtaking view as thousands of geese land after sunset. Take in the sounds of the season. September 18 – October 20Vancouver’s International Flamenco Festival at various venues is one of the few celebrated festivals devoted to Flamenco Art outside of Spain. Enjoy a rich cultural experience from September 12 – September 22Montreal’s Fashion Week brings together the city’s fashion and creative community for a week of discovery and celebration. Experience the best of local fashion. September 16 – September 22FEATURE SPONSOR Welcome to Canada! The next several months will be full of excitement and new beginnings; Scotiabank can help navigate your journey by providing resources, banking solutions and tailored advice that help newcomers succeed financially. Newcomers can earn up to $2,000* in value with StartRightTM 1 and can get a credit limit up to $15,000* with StartRightTM. 2 1 Potential value in 1st year. Conditions & assumptions apply.2 Subject to credit approval. Conditions apply.FOOD FOR THOUGHTCelebrating Canada’s Food DiversityCanada offers a unique opportunity to explore a world of flavours. In an article by The Globe and Mail, Wole Olayinka’s journey captures the balance between holding onto the familiar and embracing the new. When Wole moved to Calgary, he packed his suitcases with essentials from home to keep a taste of Nigeria close, including:To his delight, Calgary offered plenty of African food stores and restaurants where he could stock up on:But part of Wole’s journey was stepping out of his comfort zone. He dove into the rich, diverse food culture of Canada, trying things like:Poutine 🍟 (a true Canadian classic!)Steaks 🥩 Sushi, tacos, hummus 🌮🍣 Of course, not everything was a hit:OUR PICKS & FAVShttps://immigration.ca/guide-to-canadian-banking-terms-check-out-oh-canada-immigration-cas-weekly-culture-and-lifestyle-newsletter-for-newcomers/

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