HOW TO BANK AND INVEST IN CANADA? | Every new immigrant should know these basics❗

When you are new to Canada, it gets a little confusing as to where to put all your savings? What types of Bank accounts are there? etc. In this video, we have covered the basics of all of that and we are sure after watching this, a lot of things would get clear to you and you will feel more confident about your knowledge on the Canadian Banking industry.
Check which banks are CDIC insured: www.cdic.ca/your-coverage/lis...
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Timecode:
00:00 - Intro
00:31 - Types of Bank accounts in Canada
05:42 - TFSA
08:52 - RRSP
11:00 - RESP
12:02 - RDSP
Inspired by:
@Canada Couple
@Canada Couple Vlogs
@Dream Abroad
@Potato Talkies - Canada
@Traveling Desi
@Niketa Sidhu
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Пікірлер: 63

  • @bryanmallinson8972
    @bryanmallinson89723 жыл бұрын

    This is an excellent overview for newcomers. Good job.

  • @InTheNorthCanada

    @InTheNorthCanada

    3 жыл бұрын

    Thanks Bryan! 🙂👍🏻

  • @prajaktajoshi2232
    @prajaktajoshi22323 жыл бұрын

    Great content and pretty simplified! Looking forward for more videos! 👍😊

  • @TheScientist81
    @TheScientist813 жыл бұрын

    Hey guys, you both are doing such a great job and covering all important points. Thank you so much! You guys truly deserve many more followers!

  • @InTheNorthCanada

    @InTheNorthCanada

    3 жыл бұрын

    Thank you Sowmia for such a nice comment! 🙂🙏🏻. With all your support our subscribers will also keep on increasing. So please Like Share Subscribe and don't forget to press the bell icon ☺️

  • @sumedhaholker2335
    @sumedhaholker23353 жыл бұрын

    Even the confusing thing explained so clearly and informatively 😄 Keep Going ❤️

  • @InTheNorthCanada

    @InTheNorthCanada

    3 жыл бұрын

    Thanks a lot Sumedha! ☺️👍🏻

  • @narinderkalia8077
    @narinderkalia80773 жыл бұрын

    Great ,the road to success is always under construction .carry on.

  • @InTheNorthCanada

    @InTheNorthCanada

    3 жыл бұрын

    Thanks! 👍🏻

  • @karan_1993
    @karan_19932 жыл бұрын

    Good video guys, keep it up.

  • @ektassharma3003
    @ektassharma30033 жыл бұрын

    Kudos to you...when it comes to giving even the smallest of details..u guys are pro👍

  • @InTheNorthCanada

    @InTheNorthCanada

    3 жыл бұрын

    Hehe thanks! 😀🙏🏻

  • @helloworld2846
    @helloworld2846 Жыл бұрын

    thanks a lot for this wonderful explanation of different types of accounts. bit complex banking system for beginners, but you guys explained it very well.

  • @ishasharma3474
    @ishasharma34743 жыл бұрын

    Very informative 👍keep it up👏👏 waiting for the next video 😉😘😍

  • @InTheNorthCanada

    @InTheNorthCanada

    3 жыл бұрын

    Thanks Isha. Next video will be out in 2 days ☺️👍🏻

  • @rajeswarip2405
    @rajeswarip24054 ай бұрын

    It's very informative..u both are doing great job ..all the best 🎉😊

  • @parkheesinghal580
    @parkheesinghal5803 жыл бұрын

    this is great information....i wonder how ppl missed this...you deserve much for views & like.

  • @InTheNorthCanada

    @InTheNorthCanada

    3 жыл бұрын

    Thanks a lot!! Please share the word 😀😀

  • @pghai4452
    @pghai44522 ай бұрын

    Nicely explained !

  • @karansahota4858
    @karansahota48583 жыл бұрын

    Finally found a smart and ambitious couple 🙏🏻🙏🏻🙏🏻 Keep up the good work, just subscribed within 30 sec of watching it.

  • @InTheNorthCanada

    @InTheNorthCanada

    3 жыл бұрын

    Thank you so much Karan for your kind words. It really motivates us when people appreciate our efforts. So thanks once again and see you in our next video 😉👍🏼

  • @Kid_coach_Vihan
    @Kid_coach_Vihan3 жыл бұрын

    Very nice nd informative video ,u both do great work👍👍👍👍

  • @InTheNorthCanada

    @InTheNorthCanada

    3 жыл бұрын

    Thanks a lot for appreciating! ☺️🙏🏻

  • @satwindersingh4675
    @satwindersingh4675 Жыл бұрын

    Thanks for clearing the things

  • @ranacouple4816
    @ranacouple48163 жыл бұрын

    Useful information..

  • @reenXsham
    @reenXsham3 жыл бұрын

    Very nice n clear vids by u guys... 👌👌👌Thnx alot

  • @InTheNorthCanada

    @InTheNorthCanada

    3 жыл бұрын

    Hi Anbreen, thank you so much for your feedback :) Interesting to hear about Pakistan as well. In India they do have current accounts also, but often only businessmen use them and most people only have savings account. Is that same in Pakistan? :D

  • @shivangigohil3916
    @shivangigohil39163 жыл бұрын

    Thanks for sharing this

  • @AtulSharma-vc2tg
    @AtulSharma-vc2tg3 жыл бұрын

    hello.. I am desperately waiting for a detailed video on TFSA, RRSP and RESP.. please consider making a detailed video on these.. thankkk youuuu!!

  • @VR.1980
    @VR.19803 жыл бұрын

    Nicely explained 👍

  • @InTheNorthCanada

    @InTheNorthCanada

    3 жыл бұрын

    Thank you! ☺️🙏🏻

  • @meenakshikalia8021
    @meenakshikalia80213 жыл бұрын

    Very well explained.Superb

  • @InTheNorthCanada

    @InTheNorthCanada

    3 жыл бұрын

    Thank you! ☺️🙏🏻

  • @ramkumarbarathan
    @ramkumarbarathan3 жыл бұрын

    You guys can start a news channel in Canada on behalf of Indians. Really you got that slang and presentation 😇

  • @anitaholker3747
    @anitaholker37473 жыл бұрын

    Very nice

  • @InTheNorthCanada

    @InTheNorthCanada

    3 жыл бұрын

    Thanks! 😊

  • @vandanakasturia40
    @vandanakasturia403 жыл бұрын

    Useful video 👍

  • @InTheNorthCanada

    @InTheNorthCanada

    3 жыл бұрын

    Thank you! 😊🙏🏻

  • @ummehani111
    @ummehani111 Жыл бұрын

    Thank you for the information. This is really helpful. Do you recommend to open these accounts with the same bank or in different banks ?

  • @reenXsham
    @reenXsham3 жыл бұрын

    Pakistan mien bhi chequing accoung and savings both hote hein... Chequeing is called current account here. But in savings acc the interest rate is quite good here.. And u can transact the money as much as u can too!

  • @LakhwinderSingh-mk4of
    @LakhwinderSingh-mk4of2 жыл бұрын

    You guys are soo sweet

  • @GauravSharma-xn4tp
    @GauravSharma-xn4tp3 жыл бұрын

    👍🏻👍🏻

  • @InTheNorthCanada

    @InTheNorthCanada

    3 жыл бұрын

    Thanks 👍🏻☺️

  • @rosh1804
    @rosh1804 Жыл бұрын

    Waiting for the detailed video on Tfsa and rrsp…😁😁

  • @A_Canadian_In_Poland
    @A_Canadian_In_Poland2 жыл бұрын

    One plus about the Canadian Banking System: if money is stolen electronically in a fraudulent manner, it is the BANK that is financially liable. I once had someone try to purchase jewellery using my credit card, and the personal information with the bank was that I am a single male, therefore, the purchase makes no sense, thus tripping their electroic system. In this case, my card was immediately closed, with a new card with a new number arriving in the mail a week later at no cost to me. This is why most contactless payments in Canada are limited to $100 (a tiny write-off for a bank in the event of theft).

  • @shwetamunjal3950
    @shwetamunjal39503 жыл бұрын

    A fist pump from my side to both of you!! 😇 A very informative video🏆🏅

  • @InTheNorthCanada

    @InTheNorthCanada

    3 жыл бұрын

    Haha thanks! 😄👍🏻

  • @thewanderer8158
    @thewanderer81582 жыл бұрын

    Hey, would request u to clear the two doubts mentioned below: 1. If I make all transactions from my credit card and pay cc bill from savings account, that ways it is just ONE transaction from my savings account (must be free) and I'll not be requiring a checking account and pay maintenance charges for that account. Am I right saying so? 2. If I link any financial products (like stocks for instance) with TFSA then it will surely go beyond the limit of CAD 6000, in that case, will there be any penalty?

  • @ajaykadlag6564
    @ajaykadlag65642 жыл бұрын

    Could you please share information about EPF COC?

  • @yunisites
    @yunisites Жыл бұрын

    Can I open both checking account and Saving account in same bank?

  • @elianorkhoury508
    @elianorkhoury5082 жыл бұрын

    Why not in English? 😢

  • @harshitmadhian2409
    @harshitmadhian24093 жыл бұрын

    So tfsa is like demat account?

  • @benonititus5127
    @benonititus51273 жыл бұрын

    Hello guys . How did you bring your proof of fund and money from your home country to Canada ? I mean through banking or card or cash . Did you open a bank account before yu reached Canada ? Please explain . Which is the best way to bring money from India . Considering the foreign exchange market. Thanks for considering.

  • @InTheNorthCanada

    @InTheNorthCanada

    3 жыл бұрын

    We mixed it up. We brought some in Cash and some in Forex Card. And the remaining we did the wire transfer later when it was required!

  • @emanasa
    @emanasa2 жыл бұрын

    The checking account is called the current account in India right!!

  • @emanasa

    @emanasa

    2 жыл бұрын

    RRSP is just like PF or NSP in India right!

  • @ARAVINDKUMAR-tp1xh
    @ARAVINDKUMAR-tp1xh3 жыл бұрын

    I'm a aspiring immigrant to Canada i just have a small doubt, can we transfer the money earned in Canada to India to enjoy the benefit of high interest rates in India

  • @InTheNorthCanada

    @InTheNorthCanada

    3 жыл бұрын

    Yes you can. People always send money to India to their family. So I don't see any issue there.

  • @manmohansingh-mc1mu
    @manmohansingh-mc1mu3 жыл бұрын

    Hey guys still awake !!! ..

  • @InTheNorthCanada

    @InTheNorthCanada

    3 жыл бұрын

    Videos are scheduled ☺️

  • @manmohansingh-mc1mu

    @manmohansingh-mc1mu

    3 жыл бұрын

    @@InTheNorthCanada timing it strategically, nice!!!

  • @davidclarke10
    @davidclarke1016 күн бұрын

    you are from india

  • @unwantedexplorer2286
    @unwantedexplorer22863 жыл бұрын

    Come ...impressive topic...but try to speak in one language English or Hindi 🤦🏻‍♂️

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