New to Canada? A new way to transfer your credit score Oct 25th

There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.

Latest News

How to withdraw RESP funds Aug 26th

For years, you’ve saved up for your child’s college or university education with a registered education savings plan (RESP). Now, your kid is getting ready to start classes. As the RESP’s subscriber (the person who opened and contributed to the account), you may have questions about h.... More »

The best GIC rates in Canada for 2026 May 4th

GIC comparison tool Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance. Why trust us MoneySense is an award-winning magazine, helping Canadians navigate m.... More »

GST holiday break: Is it good for Canada’s economy? + MORE Nov 22nd

The federal government’s “meaty” move to pause federal sales tax on a long list of items and send cheques to millions of Canadians this spring could factor into an improving outlook for growth in 2025, economists say. The plan, which will cost about $6.3 billion, could put some upward pressur.... More »

A long trade war could mean more financial stress: Bank of Canada + MORE May 8th

The financial picture for Canadian households and businesses was showing signs of increased health until the United States started a trade war, the Bank of Canada said Thursday (May 8). The central bank says in its latest Financial Stability Report that at the start of the year, households had, o.... More »

Do you need a planner if you’re a DIY investor? May 21st

In today’s digital age, there’s an increasing number of Canadians who choose do-it-yourself investing. Online brokerages and low-cost trading platforms allowed for a new style of investing to emerge: a new generation of DIYers. We’ve seen a shift in the financial planning industry. Well, self-.... More »

New to Canada? A new way to transfer your credit score

– moneysense.ca

Equifax Inc. is launching a program to allow newcomers to transfer their foreign credit history to Canada.

The credit reporting company said Thursday that the Global Consumer Credit File will make it easier for immigrants to access services like loans and cellphone plans in Canada by providing the additional data.

“It’s really important when newcomers land that they get access to the financial services ecosystem, and without credit history that’s very difficult to do,” said Sue Hutchison, head of Equifax Canada.

“They’re typically looking to, you know, rent an apartment, get a mobile phone, probably a credit card, and all of those things require credit history. So not having it makes it very difficult for newcomers.”

Share