Tips and secrets smart Canadians know

Learn about the basics of banking, credit and taxes.

Want a session in your area? We will provide a CPA volunteer to lead the session with a prepared presentation, activities, handouts and worksheets.
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Time frame: 60 min

Audience: new Canadian immigrants who have been in Canada less than two years

Learning objectives for participants:

  • learn why a bank account is needed and how to choose the right bank and banking services
  • understand the advantages and dangers of using debit cards, credit cards and ATMs
  • learn how to use effective money management skills to build credit history
  • understand the terms used on a pay statement and the purpose of payroll deductions
  • understand when, why and how to file an annual income tax return
  • know where to go for support and guidance

Outline:

  • overview
  • bank accounts and banking services
  • ATMs, debit cards and credit cards
    • ATM — 24 hour banking
    • how a debit card works
    • credit cards — temporary loan
    • transaction fees can add up
  • establishing a credit history
  • understanding your pay cheque and your payroll deductions
  • filing your income tax return
    • when and how to file
    • getting the help needed
  • resources
  • Q&A

Learning materials:

  • Canadian Currency — a visual guide for Canadian currency (paper and coin)
  • How to Write a Cheque — explains the different parts of a cheque and how to write one
  • Debit Card & Credit Card — explains the different parts of a debit card and a credit card
  • Sample T4 Slip — a sample income tax slip
  • Sample Pay Cheque Stub — explains the different the parts of a pay cheque stub
  • Glossary of Terms — defines various financial terms and items

Questions?

For questions, please email us.

Highlights

Update your knowledge and strengthen your network at this must-attend conference covering the most important issues and trends affecting audit committee members.

It’s probable that someone you know is deep in debt. If you are observant, you might see one of these seven signs.