As hundreds of thousands of people immigrate to Canada each year, [1]New Canadians are taking on increasing responsibility in both the labour force and population growth.

For many New Canadians, setting up banking and finances in a new country can be challenging. Beyond simply opening a bank account, New Canadians’ ability to integrate themselves into an unfamiliar financial system depends on understanding the nuances of banking in Canada, including knowing where to turn for financial advice.

TD and CanadaVisa Strategic Relationship

For these reasons TD has recently launched a new multi-year relationship with Canadian immigration information website CanadaVisa. With 2.4 million monthly users and over 900,000 forum members, CanadaVisa, and its affiliate news site, CIC News, host the world's largest Canadian immigration forum.

Through this relationship, TD aims to provide newcomers access to information about Canadian banking and key financial topics like how to build good credit, what to know before buying a home, and tips for first-time investors. These resources can be accessed at www.cicnews.com/td.

TD Banking Packages

Another important aspect of a newcomer's financial journey is selecting a banking package that is right for them.

With that in mind, TD has introduced tailored product offerings to help newcomers with the beginning of their financial journey in Canada, which takes into account factors that make their situation unique, such as life stage, permit type, or immigration status. These banking packages include:

· TD New to Canada Banking Package: With a value of up to C$1,575, this no fee package exclusive for newcomers (five years or less) consists of many of the day-to-day banking products a newcomer may need, including saving on monthly chequing account fees for 12 months, unlimited international money transfers with transfer fees rebated for up to 12 months, and access to credit (credit facilities subject to decisioning). Visit the TD website for details.

· TD International Student GIC Program: TD offers a fully digital, no application fee, TD International Student GIC Program, which allows prospective international students to fulfill the GIC (Guaranteed Investment Certificate) requirement of the Government's expedited study permit processing program. Visit the TD website for details.

· TD International Student Banking Package: With a value of up to C$550, this package offers financial solutions for international students, such as the no monthly fee TD Student Chequing Account, an unsecured credit card (subject to application), a savings account, and 12 months free TD Global Transfer service. Visit the TD website for details.

Let a TD Personal Banker Help You with your New to Canada Questions

TD Personal Bankers are well-equipped to offer service to newcomers. TD offers customer service in multiple languages. TD staff speak up to 50 different languages across our branch network with additional translation services offered over the phone for more than 200 languages. Newcomers can request documentation in a different language to better understand important financial concepts and TD products and services. A New to Canada Welcome Booklet and a Guide to Canadian Banking Terms are available.

If you are interested in applying for the above packages, or if you have any finance or banking related questions, you can book an appointment with a TD Personal Banker by clicking here.

[1] https://www.canada.ca/en/immigration-refugees-citizenship/news/2021/12/canada-welcomes-the-most-immigrants-in-a-single-year-in-its-history.html

https://www.canada.ca/en/immigration-refugees-citizenship/news/2022/12/canada-welcomes-historic-number-of-newcomers-in-2022.html