New to Canada: Banking & Establishing Credit in Canada

Your future. Your country. Your bank.

At CIBC, we understand the challenges of moving to a new country. Whether you’re new to Canada or making plans from overseas, we’re here to help you with your financial needs every step of the way.

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CIBC & Our Past, Your Future

CIBC is one of Canada's largest financial institutions. Whether you're setting up your first bank account in Canada, arranging for a mortgage, starting a business or investing for retirement, we can help you reach the goals that matter to you.

Learn more: CIBC - Our Past, Your Future

Choosing the Right Bank Account

Most banks in Canada offer a wide range of accounts, but they basically fall into two main categories: chequing and saving.

Learn more: Choosing the Right Bank Account

Bringing Your Money to Canada When Moving

You have a lot to take care of when moving to a new country. Bringing along your funds is one of your top priorities.

Learn more: Bringing Your Money to Canada When Moving

Budgeting to Make Your Savings Last

Your new life in Canada holds many opportunities. Managing your money wisely can help you realize your dreams.

Learn more: Budgeting to Make Your Savings Last

Before moving to Canada

There are things you can do before you move to Canada to make your arrival easier.

Learn more: Before moving to Canada

Welcome to Your New Life in Canada

Here are the 10 most important things you can do to establish yourself in Canada.

Learn more: Welcome to Your New Life in Canada

Your First Few Days in Canada

There are a few things you need to sort out as you start your new life in Canada.

Learn more: Your First Few Days in Canada

Building Your Credit Rating

Your new life in Canada holds many opportunities. To make the most of them, you might find credit helpful.

Learn more: Building Your Credit Rating

Personal Line of Credit

Whether you're looking to consolidate debt or build your credit rating, a Personal Line of Credit is a flexible way to get funds for the things that matter to you.

Learn more: Personal Line of Credit

Buying Your First Home in Canada

If you're like many newcomers to Canada, one of your top financial goals may be to own a home in your new country.

Learn more: Buying Your First Home in Canada

Mortgage Affordability 101: How much can I afford?

If you're thinking about buying your first house, one of the first questions you may ask yourself is, "How much can I afford?"

Learn more: Mortgage Affordability 101: How much can I afford?

Mortgage Basics

Mortgages are big investments that require financial stability and dedication. Start the process on the right foot by familiarizing yourself with different types of mortgages and rates, and learn helpful facts that will prepare you to be a responsible home buyer.

Learn more: Mortgage Basics

About RESPs

A Registered Education Savings Plan (RESP) is a tax-deferred investment plan that helps you save for a child’s post secondary education, so that you’ll have the funds you need, when you need them.

Learn more: About RESPs

What is a GIC?

A Guaranteed Investment Certificate (GIC) may pay higher interest than a savings account.

Learn more: What is a GIC

What is a Mutual Fund?

Investment management, diversification, and the potential for long term growth are some of the benefits of mutual funds.

Learn more: What is a Mutual Fund

Saving for Retirement

A Registered Retirement Savings Plan (RRSP) is a smart way to save for your retirement.

Learn more: Saving for Retirement

Free CIBC Everyday Chequing Account for one year

Save more and build your future in Canada, start with a free bank account for one year with no monthly fee and unlimited transactions. In addition, receive a $50 refund on a new Safety Deposit Box

Learn more: CIBC Everyday Chequing Account

A streamlined mortgage solution to help you get settled

If you are ready to buy a house, we offer great rates and a streamlined approval process with no credit history required.

Learn more: CIBC new resident and non-resident home ownership programs

RESP: Registered Education Savings Plans at CIBC

An effective way to save for your child's post-secondary education is with a CIBC Registered Education Savings Plan (RESP).

Learn more: RESP: Registered Education Savings Plans at CIBC

CIBC TFSA Tax Advantage Savings Account®

With a CIBC TFSA Tax Advantage Savings Account, it's easy to make regular contributions to your TFSA and you have access to the money if you need it.

Learn more: CIBC TFSA Tax Advantage Savings Account