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.

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.

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.

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Featured guides

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Top Offers and Recommendations

Maximize your savings and rewards with these limited offers.

Banking

Offer expires: February 29, 2024.

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Simplii Financial No-Fee Chequing Account

Get a $400 welcome bonus + no monthly fees + unlimited free debits and e-Transfers.

Save Money

Offer expires: Ongoing.

  • Not available in Quebec.
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Neo Financial High-Interest Savings Account

Earn one of the highest non-promotional savings rates in Canada at 4.00%.

Insurance

Offer expires: N/A

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PolicyMe

Affordable life insurance coverage + instant no obligation quotes + $10K free life insurance per child

Investing Series

Offer expires: March 4, 2024.

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Qtrade

Up to $2,000 bonus + no-commission trading for multiple ETFs & fee discounts.

Credit Cards

Offer expires: January 31, 2024.

  • Extra 2% cashback category with Tangerine Savings Account
  • 3% balance transfer fee
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Tangerine World Mastercard

10% cash back welcome offer at $100 value + no annual fees + premium perks.

Save Money

Offer expires: Limited-time only.

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Neo Money Card

Get up to 15% cash back + $20 welcome bonus + earn 2.25% interest & no monthly fees.

Credit Score

Offer expires: N/A

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ClearScore

Save $20 a pop. Check your Transunion credit score for free. Takes 3 minutes & no catch.

Investing Series

Offer expires: Ongoing.

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Wealthsimple Trade

$25 welcome bonus + $0 commission fees for stocks and ETFs.

Personal Finance

Offer expiry: Ongoing.

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LegalWills

20% discount + complete legal will in 20 minutes.

Save Money

Offer expiry: N/A. Make purchase of at least $30 within 90 days of signing up.

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Rakuten

$30 welcome bonus + up to 30% cash back on online purchases.

Credit Cards

Offer expires: October 31, 2024.

  • 1% balance transfer fee applies.
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Scotiabank Value Visa Card

0% interest on balance transfers for 10 months + annual fee waived in first year.

Banking

Offer expires: Ongoing.

  • 3% savings rate if you set up preauthorized debits or direct deposit.
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EQ Bank Savings Plus Account

Earn up to 3% interest on your savings account + cash back card access.

Save Money

Offer expires: January 31, 2024.

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Simplii Financial High Interest Savings Account

Earn 6% interest on your savings for 5 months & no monthly fees.

Money

Offer expires: Limited-time only.

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Justwealth

Up to $500 bonus + low fees when you invest with this top portfolio management platform.

Cryptocurrency

Offer expires: Exclusive and limited time only.

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Bitbuy

$50 welcome bonus at the best Canadian cryptocurrency exchange platform.

Business

Offer expires: N/A.

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Loop Global Business Banking

Free international banking for CAD, USD, GBP, and EUR.

Investing Series

Offer expiry: N/A

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Questrade

$50 in free trade credits + commission-free ETF purchases.

Credit Score

Offer expires: N/A

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Borrowell

Check your Equifax credit score and report online for free. Takes only 3 minutes.

Credit Cards

Offer expiry: Ongoing.

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Neo Secured Card

$25 welcome bonus + up to 15% cash back + guaranteed approval.

Credit Cards

Offer expires: January 31, 2024.

  • Extra 2% cashback category with Tangerine Savings Account
  • 3% balance transfer fee
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Tangerine Money-Back Credit Card

Get up to $100 bonus cash back + no annual fees + 1.95% balance transfer rate.

Credit Cards

Offer expires: July 1, 2024.

Scotiabank Gold American Express Card

Scotiabank Gold American Express Card

Earn up to $400 welcome bonus + no FX fees + up to 6 points cashback per $1 spent.

Credit Cards

Offer expires: January 3, 2024.

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Scotiabank Passport Visa Infinite Card

Earn up to $400 welcome bonus + no FX fees + up to 6 points cashback per $1 spent.

Your money resources

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Savvy new canadians exclusive offer

Get the Best Prepaid Cash Back Card in Canada!

Start with a $20 welcome bonus after funding with $50 and earn an average 5% cash back on purchases. No monthly fees. No credit check required, and you get unlimited $$ by referring friends!

Get the offer

DIY 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!

Investing Course for Beginners Featured Image

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

ENROLL NOW

Grab your copies of the latest Savvy New Canadians books, planners, and more.

How to buy a home in Canada - Cover
A Complete guide to Canada's retirement income system - Cover
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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.

Dr. Enoch Omololu

Dr. Enoch Omololu (Founder)

Frequently asked questions

Savvy New Canadians is one of Canada’s top resources for actionable personal finance guides, tools, and resources. Founded in 2016, the platform’s core mission is to help you become better at managing your money. Learn more about us and see where we have been featured.

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 that will launch soon. This course includes step-by-step video instructions on how to invest in stocks and ETFs. Students also learn how to develop a sustainable investment strategy based on their risk profile and financial goals.

What savvy Canadians are saying…

Love reading all your blog posts on investing. So simple to understand and extremely informative. Kudos!!!

Wemimo

I really appreciate the applicability and thoroughness of your articles. [You] are providing an excellent service. Thank you!

Leslie T

Thank you for always providing such great advice and insight. I always look forward to getting your emails!

Lynn A

Thank you, Dr Enoch. The information is so useful for us newcomers to Canada. Much appreciated sir.

Rowland G

I’ve been waiting for someone to write a comprehensive post about U.S dollar accounts and credit cards for Canadians. Thank you.

Roxy

Thank you Enoch, I appreciate your time and effort in giving of yourself to help others. It’s refreshing to see this in today’s world. A Merry Christmas and Happy New Year to you and yours. All the very best.

Fraser

Awesome content. I come here daily looking for articles I have not read yet. Very informative that it is Canadian specific. Great work, Enoch.

Anson

Really appreciate the Canadian perspective on credit cards, points, TFSAs, etc.! I’ve been binge reading a lot of your stuff and trying to get more into travel hacks with points. With the massive amount of American blogs out there on the subject, it’s great to find a Canadian one. Just wanted to say thanks!

Brenda

I’m a big fan of your site and love reading your weekly newsletters. The information you provided this week on tax filing is outstanding; it’s so helpful to have such relevant information all in one place, and a bonus that it’s written in such an accessible, down to earth manner.

Kami R

Great article on investing Enoch. I am into the investing business and your articles is well written and very informational. I loved reading it.

Tracy C

As a senior Canadian (been here all my life) I didn’t know the majority of info on your site. It’s so well organized, and the articles are thoughtful and helpful. I really appreciate it, and you!

B

I know I have said this before, but I say it again. Your newsletter is SO helpful. I don’t get to spend the time to read/research everything, but even just skimming your info/links gets my mind on a track for future applications. And I archive by subject your info so I can find it easily.

Ramona

Great blogpost, Enoch!!! I have finished reading Unshakeable by Tony Robbins recently and I had a hard time finding more information about investing in index funds in Canada. But then I found your post! Thank you!!!

Ahmed A

This blog was so helpful to me as an international student with no idea of things like credit scores. Thank you so much.

Egie A

Your emails are great. Excellent info, helpful, clear and to the point. I will be passing this on to our financially motivated 16yo son. Keep up the great work, and very best wishes to you and yours.

R.D.