Save. Invest. Retire Early.
We are on a mission to help you achieve financial freedom
Why Savvy New Canadians?
Our goal at Savvy New Canadians is to empower you to make smarter financial decisions no matter where you are in your financial journey. To accomplish this, our platform provides practical and reliable personal finance resources to help you take control of your money, invest wisely, increase your income, and become financially free.
Join the millions using Savvy New Canadians annually to find the best financial products, tools, rates, and expert money tips and guidance. Read more about Savvy New Canadians.
Empowering
We believe anyone can turn their finances around and provide the financial tools you need to succeed.
Trustworthy
We provide honest reviews and opinions of financial products so you can make informed decisions.
Canada-Centric
We simplify finances for everyday Canadians and don’t promote anything we wouldn’t personally use.
Expertise
Our personal finance experts have over 20 years of combined experience writing about money matters.
Featured in
Learn how to master your money
Join thousands of others! Get our free weekly newsletter and access to the latest personal finance tips. Plus, get our free eBook “A Complete Guide To Canada’s Retirement Income System”, right in your inbox today.
Featured guides
How To Evaluate a Stock Before Investing: 10 Stock Performance Indicators
By Enoch Omololu, MSc (Econ)
Canada’s Consumer Debt Surge 2023: Growth and Per Capita Analysis by Top Cities
By Enoch Omololu, MSc (Econ)
Retirement Savings by Age: How Much Should You Have Saved at 20, 30, 40, 50 or 60?
By Enoch Omololu, MSc (Econ)
The Best Roadside Assistance Programs in Canada: 14 Free & Paid Options
By Enoch Omololu, MSc (Econ)
Top Offers and Recommendations
Maximize your savings and rewards with these limited offers.
Banking
Offer expires:
Simplii Financial No-Fee Chequing Account
Get a $300 welcome bonus + no monthly fees + unlimited free debits and e-Transfers.
Save Money
Offer expires: Ongoing exclusive offer.
*Monthly fee waived when you set up recurring direct deposit
KOHO Mastercard
Get up to 50% cash back + $40 welcome bonus + 2.50% savings interest & $0* monthly fees.
Personal Finance
Offer expiry: Ongoing.
LegalWills
20% discount + low-cost complete legal will in 20 minutes. Costs under $50!
Insurance
Offer expires: N/A
PolicyMe
Affordable life insurance coverage + instant no obligation quotes + $10,000 free life insurance per child
Banking
Offer expires: Ongoing.
- 3.75% savings rate if you set up a payroll direct deposit.
EQ Bank Personal Account
Earn up to 3.50% interest on your savings account + 0.50% cash back card access.
Save Money
Offer expires:
Simplii Financial High Interest Savings Account
Earn 3.70% interest on your savings for 7 months & no monthly fees.
Cryptocurrency
Offer expires: Exclusive and limited time only.
Bitbuy
$50 welcome bonus at the top Canadian cryptocurrency exchange platform.
Credit Cards
Offer expires:
Scotiabank Passport Visa Infinite Card
Earn up to $400 welcome bonus + no FX fees + up to 6 points cashback per $1 spent.
Banking
Offer expires: Ongoing.
EQ Bank Notice Savings Account
Earn up to 3.05% interest on your savings account. No fees or minimum balance.
Save Money
Offer expires: Limited-time only.
Neo Money Card
Get up to 3% cash back + $10 welcome bonus + no monthly fees.
Credit Cards
Offer expires:
- 2% balance transfer fee applies.
Scotiabank Value Visa Card
0.99% interest on balance transfers for 9 months + annual fee waived in first year.
Investing Series
Offer expiry: N/A
Questrade
$50 cash reward + commission-free ETF purchases. Best discount broker in Canada.
Credit Score
Offer expires: N/A
Borrowell
Check your Equifax credit score and report online for free. Takes only 3 minutes.
Investing Series
Offer expires: October 31, 2024.
Qtrade
Up to $150 bonus + no-commission trading for multiple ETFs & fee discounts.
Money
Offer expires: Limited-time only.
Justwealth
Up to $500 bonus + low fees when you invest with this top portfolio management platform.
Business
Offer expires: N/A.
Loop Global Business Banking
Free international banking for CAD, USD, GBP, and EUR.
Credit Cards
Offer expiry: Ongoing.
Neo Secured Card
$25 welcome bonus + up to 15% cash back + guaranteed approval.
Save Money
Offer expires: Ongoing.
- Not available in Quebec.
Neo Financial High-Interest Savings Account
Earn one of the highest non-promotional savings rates in Canada at 3.00%.
Save Money
Offer expiry: N/A. Make purchase of at least $30 within 90 days of signing up.
Rakuten
$30 welcome bonus + up to 30% cash back on online purchases.
Credit Cards
Offer expires:
Scotiabank Gold American Express Card
Earn up to $400 welcome bonus + no FX fees + up to 6 points cashback per $1 spent.
Your money resources
Savvy new canadians exclusive offer
Get the Best No-Fee Prepaid Cash Back Card in Canada!
Start with a $40 welcome bonus and up to 50% cash back on purchases. $0 monthly fees. No credit check required + earn 4% savings interest on your balance! Use “GETCASH” referral code.
KOHO also offers optional access to rent reporting to build your credit score, cash advances, no FX fees, tenant insurance, free credit score checks, international money transfers, line of credit, and more.
Get thIS DEAL NOWDIY Investing Course for Beginners: Grow Your Wealth Like a Pro
Want to become a do-it-yourself investor, save on investment fees, grow your wealth, and reach financial independence? Enroll in this online investing course to learn the exact steps you need to take to get started. It is time to make your money work for you!
Here’s what you get and learn
Step-by-step video instructions on how to open a brokerage account and trade stocks and ETFs (includes 3 brokerage platforms)
30+ on-demand videos and presentations covering must-know investment concepts
Guides, workbooks, and reference material (20,000+ words)
How to assess your risk profile, develop an investment strategy, and build a diversified portfolio
How to choose ETFs and other investment products
How to invest with little money
How to cut your investment fees and balance returns vs risk
Confidence to navigate the financial markets and stay on track under all financial conditions
24/7 access to all course material and future updates
Quizzes and downloadable infographics to reinforce learning
6 months of live support to ask questions
Exclusive bonuses and access to live webinars
Private Facebook “Investing For Beginners” Community
Grab your copies of the latest Savvy New Canadians books, planners, and more.
Meet our founder
Enoch Omololu is the founder and chief editor of Savvy New Canadians. A money expert, he has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School and has completed the Canadian Securities Course.
He launched the Savvy New Canadians platform in 2016 to help other newcomers navigate Canada’s financial landscape by providing updated guides and resources on investing, retirement planning, banking, credit, and more.
Enoch is the author of two books: How To Buy a Home in Canada and A Complete Guide to Canada’s Retirement Income System. He is passionate about helping others win with their finances and has written about money matters for over a decade. Read more about Enoch Omololu.
Frequently asked questions
Savvy New Canadians is used by Canadian citizens, permanent residents, international students, refugees, and many new immigrants in Canada. We help millions of people each year to make smarter financial decisions.
Canada’s financial landscape includes the Big Five Banks (RBC, TD, BMO, Scotiabank, and CIBC) and several online banks that help you save on banking fees. Each bank has its pros and cons, and we have compiled their top features to help you find the best bank for you.
Exchange-Traded Funds (ETFs) take the guesswork out of building a diversified portfolio. You can choose from equity, bond, index, dividend, sector, and commodity ETFs based on your risk tolerance and investment objectives. There are also asset allocation ETFs that are multi-asset diversified portfolios within a single fund. Use this list of the best ETFs as a starting point for your search.
Begin your investing journey by learning about the types of investment products, the relationship between risk and return, types of retirement accounts, and how to choose the right brokerage platform. If you have already paid off your high interest debt, it is time to put your money to work and grow your net worth by investing.
Newcomers to Canada may be entitled to various benefits and tax credits such as the GST/HST credit, Canada Child Benefit, Climate Action Incentive Payment, and several other provincial and territorial benefits. You will generally need a social insurance number to qualify.
Yes, we have an investing 101 course for beginners. This course includes step-by-step video instructions on how to invest in stocks and ETFs. Students also learn to develop a sustainable investment strategy based on their risk profile and financial goals.