Chima E.

Banks with the Best Savings Interest Rates in Canada

Most Canadian Banks provide a variety of financial products that enable customers to save money. A savings account is one type of such a product. It allows users to save money without the regular transactions that are synonymous with a chequing account. It is a straightforward process to open a savings account, and you don’t …

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Canada COVID-19 Benefits and How You Can Access It

Canada COVID-19 benefits are the government response to assist Canadians who are going through a tough period as a result of the Coronavirus pandemic affecting the world. These economic measures form part of the COVID-19 Economic Response Plan, where the government plans to inject up to C$27 billion in funding to Canadian businesses and workers. …

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Social Insurance Number Name Change in Canada

Your social insurance number name change falls under the responsibility of Service Canada. Once you provide all the necessary documents, you will be issued a new card immediately. Despite being a name change, your number remains the same. Your social insurance number allows you to work and enjoy government services as well as benefits. Before …

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What is the Canadian Federal Benefit Payment?

The good people of Canada contribute 15% of their income to fund the federal benefit payment plan. The funds are disbursed into splinter programs that include: Family Benefits Public Pensions Employment Insurance Education and Student Aid Disability benefits Housing benefits Our focus will be on Employment Insurance and Public Pensions. For other federal benefit payment …

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Government Loans For New Immigrants

The Canadian government loans for new immigrants caters for the welfare of newcomers to Canada through the Immigration Loans Program (ILP). The program funds refugees who may not have access to funding from other private sources. Immigrants can use the loans for the following: Reimbursements for transportation costs to Canada. Support and establishment costs. Permanent …

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