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Canada is a popular destination for international students looking for quality education and a multicultural environment. But living abroad also means managing your finances in a new country. One of the first steps is setting up your banking. From choosing the right type of bank account to building your credit history here’s a guide for … Read more

Selecting the best business bank account in Canada is a crucial decision for entrepreneurs, startups, and established companies alike. The right account can impact your business’s cash flow, help you manage expenses efficiently, and even provide access to essential financial products like business loans, insurance, and investment opportunities. With Canadian banks offering a range of … Read more

What are Metal Business Cards? Get an alternative to the traditional paper business Bank cards. These cards are made from high quality metal materials like aluminum, stainless steel and copper. They are durable and sleek. Customizable options include various finishes, intricate designs, etched details and printing options. A one of a kind and eye catching … Read more

Eligibility and Benefits Non-residents who are studying, working, or conducting business in Canada have the option to open a bank account in the country. By opening Canadian bank accounts, non-residents can effectively manage their finances, including receiving and handling their salaries, paying bills, conducting transactions, and monitoring their expenses. Additionally, having a Canadian bank account … Read more

What is an ACH? ACH stands for automated clearinghouse the big bank and credit union network for sending and receiving electronic payments and money transfers. ACH payments happen on the ACH network. Direct payments are another type of ACH transaction, commonly used in B2B transactions to efficiently handle supplier payments, offering benefits like automation and … Read more

Definition and Purpose Remittance advice is a message sent by a payer to a payee to let them know a payment has been sent and is on its way. This allows the payee to expect the payment and helps with cash flow. It’s also a useful tool for businesses to keep track of outstanding invoices … Read more

Many companies pay dividends, a share of after-tax profits or investment income paid out to shareholders. In Canada, these are reported on a T5 slip and must be included in your tax return. Looking for Sending Money Internationaly Canadian companies can issue three kinds of dividends to their shareholders: Each kind of dividend has a … Read more

You chose Canada for your education but will need a student visa (study permit) to achieve your academic goals. I moved to Canada as a student many years ago. Just like planning a trip, I researched everything about how to study in Canada, how to apply for a student visa and later work in Canada … Read more

As a Nigerian family that just moved to Canada, we are still finding our feet in this new country. From tax codes to rental agreements to daily life, we are learning as we go. In the midst of all these, we can easily forget important responsibilities like renewing our Nigerian passports. BusinessDay Nigeria reported that … Read more

The CRA requires taxpayers to make installments if they owe tax at the end of the year. But if your income is low or expenses are high, it can be tough to keep up with the installments the CRA is asking for. So what happens if you can’t pay the CRA installments? Don’t worry if … Read more