Just Arrived

Now that you’ve arrived in Canada, one of the first things you’ll need to do is to look after your finances by opening a bank account. A TD Canada Trust branch representative can make it easy and comfortable for you.

Bank Accounts

Opening a bank account gives you easy access to your money so you can make basic purchases and get your family settled.

TD Canada Trust offers a choice of accounts for chequing, savings, investing and more.

For more on selecting an account, click here »

Building Credit

A home, car and education are just a few goals you may choose to finance with personal credit. Managing personal credit wisely is the first step to building a good credit history.

To learn more about building a credit history, click here »

Protecting your Cash and Valuables

A safety deposit box at a TD Canada Trust branch can protect your important documents and valuables from fire, theft or loss.

For information on safety deposit boxes, click here »

About Canadian Finance

Using Money in Canada

Canadian currency comes in dollars and cents. $5 (dollars), $10, $50 and $100 bills are paper and 1¢ (cent), 5¢, 10¢, 25¢, $1 (known as the “loonie”) and $2 (known as the “toonie”) are coins.

To check today’s exchange rate for converting international currency to Canadian dollars, click here »

To learn more about Canadian currency, click here »

Expenses

One of your first expenses in Canada will be accommodation, but you may also need to budget for other expenses such as medical insurance, transportation, child care, utilities (such as electricity (“hydro”), cable TV, Internet, and telephone.

To learn more typical expenses, click here »

Borrowing (Credit)

Canadians often use personal credit to make it easier to manage their finances and meet important goals. Using credit wisely can help you build a strong credit history.

To learn about credit, click here »

Taxes

In Canada, the price you see on an item is not the final price you pay. Goods and Services Tax (GST) and Provincial Sales Tax (PST) or Harmonized Sales Tax (HST) will be added at the time of purchase. All residents of Canada are also subject to income tax. Your employer usually takes income tax deductions from your pay cheques.

For more on taxes, click here »