{"id":174067,"date":"2024-11-29T13:56:27","date_gmt":"2024-11-29T18:56:27","guid":{"rendered":"https:\/\/www.interac.ca\/?post_type=content&#038;p=174067"},"modified":"2025-05-30T16:56:20","modified_gmt":"2025-05-30T20:56:20","slug":"new-to-canada-how-you-can-avoid-common-money-mistakes","status":"publish","type":"content","link":"https:\/\/stage.interac.ca\/en\/content\/life\/new-to-canada-how-you-can-avoid-common-money-mistakes\/","title":{"rendered":"New to Canada? How you can avoid common money mistakes"},"content":{"rendered":"\n<p>Moving to a new country can inspire excitement, and also apprehension\u2014especially when it comes to managing your finances.<em> <\/em>If you\u2019re new to Canada, trying to navigate the financial system and balance budgets, ignorance isn\u2019t bliss. And knowing what <em>not<\/em> to do can be just as important as knowing what <em>to<\/em> do.&nbsp;<\/p>\n\n\n\n<p>Here are some common money mistakes and misconceptions that could impact your financial future, and how to avoid them:&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"602\" height=\"1024\" data-src=\"https:\/\/stage.interac.ca\/wp-content\/smush-webp\/2024\/11\/213CFD6B-7F6B-4E81-90E4-97669005A36D-602x1024.png.webp\" alt=\"\" class=\"wp-image-174147 lazyload\" data-srcset=\"https:\/\/stage.interac.ca\/wp-content\/smush-webp\/2024\/11\/213CFD6B-7F6B-4E81-90E4-97669005A36D-602x1024.png.webp 602w, https:\/\/stage.interac.ca\/wp-content\/smush-webp\/2024\/11\/213CFD6B-7F6B-4E81-90E4-97669005A36D-176x300.png.webp 176w, https:\/\/stage.interac.ca\/wp-content\/smush-webp\/2024\/11\/213CFD6B-7F6B-4E81-90E4-97669005A36D-768x1306.png.webp 768w, https:\/\/stage.interac.ca\/wp-content\/smush-webp\/2024\/11\/213CFD6B-7F6B-4E81-90E4-97669005A36D-903x1536.png.webp 903w, https:\/\/stage.interac.ca\/wp-content\/smush-webp\/2024\/11\/213CFD6B-7F6B-4E81-90E4-97669005A36D.png.webp 1167w\" data-sizes=\"auto\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 602px; --smush-placeholder-aspect-ratio: 602\/1024;\" data-original-sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-1-filing-your-taxes-incorrectly-nbsp\">1. Filing your taxes incorrectly&nbsp;<\/h2>\n\n\n\n<p>Failing to pay your taxes\u2014or to pay them properly\u2014is a common mistake that comes with a high price tag.&nbsp;<\/p>\n\n\n\n<p>If you\u2019ve just <a href=\"https:\/\/stage.interac.ca\/en\/content\/life\/money-movers-use-interac-e-transfer-to-help-take-some-of-the-financial-stress-out-of-moving\/\" target=\"_blank\" rel=\"noreferrer noopener\">moved to Canada<\/a>, one of your first orders of business will be <a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/international-non-residents\/individuals-leaving-entering-canada-non-residents\/newcomers-canada-immigrants.html#h_2\" target=\"_blank\" rel=\"noreferrer noopener\">getting a social insurance number (SIN)<\/a>. When tax season rolls around, the Canadian government provides a wealth of resources on <a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/individuals\/educational-programs.html\" target=\"_blank\" rel=\"noreferrer noopener\">navigating the tax system<\/a>, including a <a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/international-non-residents\/individuals-leaving-entering-canada-non-residents\/newcomers-canada-immigrants.html\" target=\"_blank\" rel=\"noreferrer noopener\">page specifically geared to newcomers.<\/a> It\u2019s a great place to start, with tips on:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/international-non-residents\/individuals-leaving-entering-canada-non-residents\/newcomers-canada-immigrants.html#h_3\" target=\"_blank\" rel=\"noreferrer noopener\">What money you could get from the CRA<\/a>&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/international-non-residents\/individuals-leaving-entering-canada-non-residents\/newcomers-canada-immigrants.html#h_4\" target=\"_blank\" rel=\"noreferrer noopener\">When you need to do your taxes<\/a>&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/international-non-residents\/individuals-leaving-entering-canada-non-residents\/newcomers-canada-immigrants.html#h_5\" target=\"_blank\" rel=\"noreferrer noopener\">How to get free tax help from the CRA<\/a>&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/international-non-residents\/individuals-leaving-entering-canada-non-residents\/newcomers-canada-immigrants.html#h_6\" target=\"_blank\" rel=\"noreferrer noopener\">Be aware of tax scams<\/a>&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>Interac Verified can help simplify this process, from start to finish:&nbsp;&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You can use\u202f<a href=\"https:\/\/stage.interac.ca\/en\/consumers\/products\/interac-verification-solutions\/\" target=\"_blank\" rel=\"noreferrer noopener\">Interac\u202fsign-in service<\/a>\u202fto access participating online government services. It\u2019s a secure, private and convenient way to sign in without having to create and manage a new user ID and password by using your existing login credentials with a participating financial institution\u2014after all, you have enough to keep track of already.\u202f&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>If you\u2019re registering with the <a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/news\/2024\/04\/the-cra-is-making-it-easier-to-access-its-digital-services.html\" target=\"_blank\" rel=\"noreferrer noopener\">Canada Revenue Agency (CRA) for the first time<\/a>, you can use Interac document verification service to confirm your identity, providing you immediate access to your online account. <a href=\"https:\/\/stage.interac.ca\/en\/verification\/personal\/verify-yourself-using-document-verification\/\" target=\"_blank\" rel=\"noreferrer noopener\">Learn more about using Interac document verification service here.<\/a>&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-2-failing-to-read-the-fine-print-nbsp\">2. Failing to read the fine print&nbsp;<\/h2>\n\n\n\n<p>It\u2019s understandable if your eyes gloss over the terms and conditions section of a contract, or transaction, or service agreement. We\u2019ve all been there. But when you\u2019re getting up and running in an unfamiliar country, with an unfamiliar financial system, it\u2019s extra important to read the fine print. Yes, all of it. Failing to do so could have long-term implications for your finances, credit score and more. The Canadian government provides <a href=\"https:\/\/www.canada.ca\/en\/financial-consumer-agency\/services\/rights-responsibilities.html\" target=\"_blank\" rel=\"noreferrer noopener\">resources regarding your rights and responsibilities when it comes to dealing with financial institutions<\/a>.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Ensure you are careful when it comes to exchange rates and international money transfers.<strong> <\/strong>Avoiding hidden fees and getting the best rates when sending money back home often requires attention to detail. Two reliable options when it comes to sending international money transfers: <a href=\"https:\/\/stage.interac.ca\/en\/resources\/personal-resources\/personal-faq\/interac-e-transfer\/#:~:text=International%20Transfer%20by%20Mastercard%20and,from%20your%20Canadian%20bank%20account.\" target=\"_blank\" rel=\"noreferrer noopener\">International Transfer by Master and Interac<\/a>, and Western Union via Interac e-Transfer, if offered by your financial institution.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-3-not-creating-a-budget-or-not-sticking-to-it-nbsp\">3. Not creating a budget (or not sticking to it)&nbsp;<\/h2>\n\n\n\n<p><a href=\"https:\/\/stage.interac.ca\/en\/content\/life\/settling-in-canada-tips-on-navigating-your-new-life\/\">When you move to a new country<\/a>, it\u2019s easy to get caught up in the endless to-do list and let long-term (or even near-term) budgeting fall by the wayside. But this is one of those situations where it will benefit you tremendously to begin as you mean to go on.&nbsp;&nbsp;<\/p>\n\n\n\n<p>So, <a href=\"https:\/\/stage.interac.ca\/en\/resources\/business-resources\/dollarone\/mindovermoney\/#:~:text=Get%20grounded-,Box%20breathing,-Reflect%20and%20reframe\" target=\"_blank\" rel=\"noreferrer noopener\">take a deep breath,<\/a> sit down, and set up a system of budgeting that works for you. Start by asking: What are your fixed costs? What are your financial goals? How are you keeping track of expenses? Do you have an emergency fund?&nbsp;<\/p>\n\n\n\n<section id=\"block-skywalker-block_154404cd0d8cc82b1200d2c47533f1f9\" class=\"safe-area content-skywalker\" style=\"background-color:#edebe3; margin-top: 0px; margin-bottom: 0px; padding-top: 20px; padding-bottom: 6px;\">\n    <style>\n                .content-skywalker h2 {\n            font-size: 36px;\n            padding: 0px;\n            line-height: 1.2;\n            }\n    <\/style>\n\n    <div class=\"grid-container\">\n        <div class=\"grid-x align-left\">\n            <div class=\"small-12\">\n                                                    <p><span class=\"TextRun Highlight MacChromeBold SCXW50538573 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW50538573 BCX0\"><strong>Plus<\/strong>:<\/span><\/span><span class=\"TextRun Highlight SCXW50538573 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW50538573 BCX0\"> Asking yourself these questions is <\/span><span class=\"NormalTextRun SCXW50538573 BCX0\">a great way<\/span><span class=\"NormalTextRun SCXW50538573 BCX0\"> to start cultivating financial mindfulness, but <\/span><span class=\"NormalTextRun SCXW50538573 BCX0\">don\u2019t<\/span><span class=\"NormalTextRun SCXW50538573 BCX0\"> be afraid to also embrace \u201cloud budgeting\u201d\u2014vocally framing your choices and boundaries with friends and family. <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW50538573 BCX0\">Interac<\/span><span class=\"NormalTextRun SCXW50538573 BCX0\"> Debit <\/span><\/span><span class=\"TextRun SCXW50538573 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW50538573 BCX0\">and <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW50538573 BCX0\">Interac<\/span><span class=\"NormalTextRun SCXW50538573 BCX0\"> e-Transfer <\/span><\/span><span class=\"TextRun Highlight SCXW50538573 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW50538573 BCX0\">help you stay accountable <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW50538573 BCX0\">to<\/span><span class=\"NormalTextRun SCXW50538573 BCX0\"> your own goals, because <\/span><span class=\"NormalTextRun SCXW50538573 BCX0\">you\u2019re<\/span><span class=\"NormalTextRun SCXW50538573 BCX0\"> only spending<\/span><span class=\"NormalTextRun SCXW50538573 BCX0\"> the money that is in your bank account,<\/span><span class=\"NormalTextRun SCXW50538573 BCX0\"> so you can always see how much money you <\/span><\/span><span class=\"TextRun Highlight SCXW50538573 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun AdvancedProofingIssueV2Themed SCXW50538573 BCX0\">actually <\/span><\/span><span class=\"TextRun Highlight SCXW50538573 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun AdvancedProofingIssueV2Themed SCXW50538573 BCX0\">have<\/span><span class=\"NormalTextRun SCXW50538573 BCX0\">.<\/span><\/span><\/p>\n                            <\/div>\n        <\/div>\n    <\/div>\n<\/section>\n\n\n<p><\/p>\n\n\n\n<p>Once you\u2019ve established a budget, the challenge, of course, is sticking to it. That means avoiding overspending on everyday items, being mindful about new purchases and keeping your overall financial goals top of mind. When you shop with <a href=\"https:\/\/stage.interac.ca\/en\/payments\/personal\/pay-with-interac-debit\/\" target=\"_blank\" rel=\"noreferrer noopener\">Interac Debit<\/a> or pay a vendor with <a href=\"https:\/\/stage.interac.ca\/en\/resources\/personal-resources\/personal-faq\/interac-e-transfer\/#:~:text=International%20Transfer%20by%20Mastercard%20and,from%20your%20Canadian%20bank%20account.\" target=\"_blank\" rel=\"noreferrer noopener\">Interac e-Transfer<\/a>, you know exactly how much you\u2019re spending, and you don\u2019t have to worry about unexpected bills or fees down the road.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Credit Canada\u2019s <a href=\"https:\/\/www.app.budgetbutterfly.ca\/\" target=\"_blank\" rel=\"noreferrer noopener\">Butterfly app<\/a>, sponsored by Interac, is another helpful resource when it comes to budgeting basics. It offers multilingual, tailored solutions and practice tools designed specifically for newcomers, from real-time currency conversion to tips for protecting yourself against fraud.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-4-falling-victim-to-financial-fraud-nbsp\">4. Falling victim to financial fraud&nbsp;<\/h2>\n\n\n\n<p>Speaking of fraud, unfortunately, online payment and money transfer\u202fscams often target people new to a country, including Canada. To protect yourself, only transact with people you trust. Using\u202f<a href=\"https:\/\/stage.interac.ca\/content\/life\/three-reasons-to-set-up-interac-e-transfer-autodeposit-today\/\" target=\"_blank\" rel=\"noreferrer noopener\">Interac\u202fe-Transfer Autodeposit<\/a>\u202fprovides added security (and convenience) for both parties\u2014and <a href=\"https:\/\/stage.interac.ca\/en\/how-to-use\/interac-e-transfer\/how-to-set-up-interac-e-transfer-autodeposit\/#:~:text=Navigate%20to%20the%20Interac%20e,funds%20will%20be%20deposited%20into.\" target=\"_blank\" rel=\"noreferrer noopener\">it\u2019s simple to set up.<\/a>&nbsp;<\/p>\n\n\n\n<p>And if you\u2019re a business owner, <a href=\"https:\/\/stage.interac.ca\/en\/business\/our-solutions\/interac-e-transfer\/\" target=\"_blank\" rel=\"noreferrer noopener\">Interac e-Transfer for Business<\/a> can help you manage business transactions safely and efficiently.&nbsp;<\/p>\n\n\n\n<p>And it pays to be alert to potential fraud attempts:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/stage.interac.ca\/en\/content\/life\/the-ultimate-guide-to-buying-and-selling-securely-through-online-marketplaces\/\" target=\"_blank\" rel=\"noreferrer noopener\">Online marketplace scams<\/a>: where a fraudulent seller asks for payment in advance and then never sends the item.\u202fAlways read seller reviews and ask to meet in person (in a public setting) before sending money.&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Rental scams: where someone poses as\u202fan unavailable or proxy landlord\u202fand asks for a deposit, often through a money transfer. There isn\u2019t\u202factually a\u202frental, and the deposit is gone.\u202fAvoid \u201clandlords\u201d who\u202fdon\u2019t\u202fwant to meet in person and never send money for a security deposit without confirming the legitimacy of the property.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/stage.interac.ca\/en\/dollarone\/protectwhatyouvebuilt\/#protect-yourself-by-learning-how-to-spot-common-scams\" target=\"_blank\" rel=\"noreferrer noopener\">Other common scams<\/a>, from \u201cphishing\u201d and \u201cwhaling,\u201d to bank scams, to email fraud.&nbsp;&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>By avoiding these common money mistakes, new Canadians can learn to navigate the financial system successfully, while settling into a new (and hopefully prosperous) life.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>Want to learn how to spot scams that target newcomers to Canada?<\/strong><\/p>\n\n\n\n<section id=\"button-ochre-block_ddbd49ea64adf8f4ffcafbfcaf3525b0\" class=\"button-link\">\n    <div class=\"grid-container\">\n        \n                        <div class=\"grid-x grid-padding-x align-center\">\n                        \n            <a href=\"https:\/\/stage.interac.ca\/en\/content\/life\/how-to-spot-scams-that-target-newcomers-to-canada\/\" class=\"button-ochre\" aria-label=\"Learn how here\">Learn how here<\/a>\n            \n                            <\/div>\n                    \n    <\/div>\n<\/section>","protected":false},"excerpt":{"rendered":"<p>Moving to a new country can inspire excitement, and also apprehension\u2014especially when it comes to managing your finances. If you\u2019re new to Canada, trying to navigate the financial system and balance budgets, ignorance isn\u2019t bliss. And knowing what not to do can be just as important as knowing what to do.&nbsp; Here are some common&hellip;<\/p>\n","protected":false},"author":28,"featured_media":174140,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"content-tags":[279,272,788,283],"content-category":[192],"spokespeople":[],"in_the_know_post_format":[169],"class_list":["post-174067","content","type-content","status-publish","format-standard","has-post-thumbnail","hentry","content-tags-interac-debit","content-tags-interac-e-transfer","content-tags-interac-verified","content-tags-payments","content-category-life","in_the_know_post_format-article"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How Newcomers to Canada Can Avoid Common Money Mistakes<\/title>\n<meta name=\"description\" content=\"For those new to banking in Canada, it\u2019s not just about how to send money or save money. It\u2019s also about avoiding common money mistakes and scams.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/stage.interac.ca\/en\/content\/life\/new-to-canada-how-you-can-avoid-common-money-mistakes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New to Canada? How you can avoid common money mistakes\" \/>\n<meta property=\"og:description\" content=\"Moving to a new country can inspire excitement, and also apprehension\u2014especially when it comes to managing your finances. If you\u2019re new to Canada, trying\" \/>\n<meta property=\"og:url\" content=\"https:\/\/stage.interac.ca\/en\/content\/life\/new-to-canada-how-you-can-avoid-common-money-mistakes\/\" \/>\n<meta property=\"og:site_name\" content=\"Interac\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/interac\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-30T20:56:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/stage.interac.ca\/wp-content\/uploads\/2024\/11\/3A7723A5-DF06-4EFA-84BC-594B309D00A3-1024x566.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"566\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@interac\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/stage.interac.ca\/en\/content\/life\/new-to-canada-how-you-can-avoid-common-money-mistakes\/\",\"url\":\"https:\/\/stage.interac.ca\/en\/content\/life\/new-to-canada-how-you-can-avoid-common-money-mistakes\/\",\"name\":\"How Newcomers to Canada Can Avoid Common Money Mistakes\",\"isPartOf\":{\"@id\":\"https:\/\/stage.interac.ca\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/stage.interac.ca\/en\/content\/life\/new-to-canada-how-you-can-avoid-common-money-mistakes\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/stage.interac.ca\/en\/content\/life\/new-to-canada-how-you-can-avoid-common-money-mistakes\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/stage.interac.ca\/wp-content\/uploads\/2024\/11\/3A7723A5-DF06-4EFA-84BC-594B309D00A3.png\",\"datePublished\":\"2024-11-29T18:56:27+00:00\",\"dateModified\":\"2025-05-30T20:56:20+00:00\",\"description\":\"For those new to banking in Canada, it\u2019s not just about how to send money or save money. It\u2019s also about avoiding common money mistakes and scams.\",\"breadcrumb\":{\"@id\":\"https:\/\/stage.interac.ca\/en\/content\/life\/new-to-canada-how-you-can-avoid-common-money-mistakes\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/stage.interac.ca\/en\/content\/life\/new-to-canada-how-you-can-avoid-common-money-mistakes\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/stage.interac.ca\/en\/content\/life\/new-to-canada-how-you-can-avoid-common-money-mistakes\/#primaryimage\",\"url\":\"https:\/\/stage.interac.ca\/wp-content\/uploads\/2024\/11\/3A7723A5-DF06-4EFA-84BC-594B309D00A3.png\",\"contentUrl\":\"https:\/\/stage.interac.ca\/wp-content\/uploads\/2024\/11\/3A7723A5-DF06-4EFA-84BC-594B309D00A3.png\",\"width\":2400,\"height\":1326},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/stage.interac.ca\/en\/content\/life\/new-to-canada-how-you-can-avoid-common-money-mistakes\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\/\/stage.interac.ca\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New to Canada? How you can avoid common money mistakes\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/stage.interac.ca\/en\/#website\",\"url\":\"https:\/\/stage.interac.ca\/en\/\",\"name\":\"Interac\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/stage.interac.ca\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/stage.interac.ca\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/stage.interac.ca\/en\/#organization\",\"name\":\"Interac Corp.\",\"url\":\"https:\/\/stage.interac.ca\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/stage.interac.ca\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/stage.interac.ca\/wp-content\/uploads\/2022\/03\/Interac_Two-Colour_RGB.png\",\"contentUrl\":\"https:\/\/stage.interac.ca\/wp-content\/uploads\/2022\/03\/Interac_Two-Colour_RGB.png\",\"width\":2210,\"height\":2210,\"caption\":\"Interac Corp.\"},\"image\":{\"@id\":\"https:\/\/stage.interac.ca\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/interac\",\"https:\/\/x.com\/interac\",\"https:\/\/www.instagram.com\/interac\/\",\"https:\/\/www.linkedin.com\/company\/interac-corp\/\",\"https:\/\/www.youtube.com\/user\/InteracBrand\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"How Newcomers to Canada Can Avoid Common Money Mistakes","description":"For those new to banking in Canada, it\u2019s not just about how to send money or save money. It\u2019s also about avoiding common money mistakes and scams.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/stage.interac.ca\/en\/content\/life\/new-to-canada-how-you-can-avoid-common-money-mistakes\/","og_locale":"en_US","og_type":"article","og_title":"New to Canada? How you can avoid common money mistakes","og_description":"Moving to a new country can inspire excitement, and also apprehension\u2014especially when it comes to managing your finances. If you\u2019re new to Canada, trying","og_url":"https:\/\/stage.interac.ca\/en\/content\/life\/new-to-canada-how-you-can-avoid-common-money-mistakes\/","og_site_name":"Interac","article_publisher":"https:\/\/www.facebook.com\/interac","article_modified_time":"2025-05-30T20:56:20+00:00","og_image":[{"width":1024,"height":566,"url":"https:\/\/stage.interac.ca\/wp-content\/uploads\/2024\/11\/3A7723A5-DF06-4EFA-84BC-594B309D00A3-1024x566.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_site":"@interac","twitter_misc":{"Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/stage.interac.ca\/en\/content\/life\/new-to-canada-how-you-can-avoid-common-money-mistakes\/","url":"https:\/\/stage.interac.ca\/en\/content\/life\/new-to-canada-how-you-can-avoid-common-money-mistakes\/","name":"How Newcomers to Canada Can Avoid Common Money Mistakes","isPartOf":{"@id":"https:\/\/stage.interac.ca\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/stage.interac.ca\/en\/content\/life\/new-to-canada-how-you-can-avoid-common-money-mistakes\/#primaryimage"},"image":{"@id":"https:\/\/stage.interac.ca\/en\/content\/life\/new-to-canada-how-you-can-avoid-common-money-mistakes\/#primaryimage"},"thumbnailUrl":"https:\/\/stage.interac.ca\/wp-content\/uploads\/2024\/11\/3A7723A5-DF06-4EFA-84BC-594B309D00A3.png","datePublished":"2024-11-29T18:56:27+00:00","dateModified":"2025-05-30T20:56:20+00:00","description":"For those new to banking in Canada, it\u2019s not just about how to send money or save money. It\u2019s also about avoiding common money mistakes and scams.","breadcrumb":{"@id":"https:\/\/stage.interac.ca\/en\/content\/life\/new-to-canada-how-you-can-avoid-common-money-mistakes\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/stage.interac.ca\/en\/content\/life\/new-to-canada-how-you-can-avoid-common-money-mistakes\/"]}]},{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/stage.interac.ca\/en\/content\/life\/new-to-canada-how-you-can-avoid-common-money-mistakes\/#primaryimage","url":"https:\/\/stage.interac.ca\/wp-content\/uploads\/2024\/11\/3A7723A5-DF06-4EFA-84BC-594B309D00A3.png","contentUrl":"https:\/\/stage.interac.ca\/wp-content\/uploads\/2024\/11\/3A7723A5-DF06-4EFA-84BC-594B309D00A3.png","width":2400,"height":1326},{"@type":"BreadcrumbList","@id":"https:\/\/stage.interac.ca\/en\/content\/life\/new-to-canada-how-you-can-avoid-common-money-mistakes\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/stage.interac.ca\/en\/"},{"@type":"ListItem","position":2,"name":"New to Canada? How you can avoid common money mistakes"}]},{"@type":"WebSite","@id":"https:\/\/stage.interac.ca\/en\/#website","url":"https:\/\/stage.interac.ca\/en\/","name":"Interac","description":"","publisher":{"@id":"https:\/\/stage.interac.ca\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/stage.interac.ca\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":"Organization","@id":"https:\/\/stage.interac.ca\/en\/#organization","name":"Interac Corp.","url":"https:\/\/stage.interac.ca\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/stage.interac.ca\/en\/#\/schema\/logo\/image\/","url":"https:\/\/stage.interac.ca\/wp-content\/uploads\/2022\/03\/Interac_Two-Colour_RGB.png","contentUrl":"https:\/\/stage.interac.ca\/wp-content\/uploads\/2022\/03\/Interac_Two-Colour_RGB.png","width":2210,"height":2210,"caption":"Interac Corp."},"image":{"@id":"https:\/\/stage.interac.ca\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/interac","https:\/\/x.com\/interac","https:\/\/www.instagram.com\/interac\/","https:\/\/www.linkedin.com\/company\/interac-corp\/","https:\/\/www.youtube.com\/user\/InteracBrand"]}]}},"_links":{"self":[{"href":"https:\/\/stage.interac.ca\/en\/wp-json\/wp\/v2\/content\/174067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stage.interac.ca\/en\/wp-json\/wp\/v2\/content"}],"about":[{"href":"https:\/\/stage.interac.ca\/en\/wp-json\/wp\/v2\/types\/content"}],"author":[{"embeddable":true,"href":"https:\/\/stage.interac.ca\/en\/wp-json\/wp\/v2\/users\/28"}],"version-history":[{"count":0,"href":"https:\/\/stage.interac.ca\/en\/wp-json\/wp\/v2\/content\/174067\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stage.interac.ca\/en\/wp-json\/wp\/v2\/media\/174140"}],"wp:attachment":[{"href":"https:\/\/stage.interac.ca\/en\/wp-json\/wp\/v2\/media?parent=174067"}],"wp:term":[{"taxonomy":"content-tags","embeddable":true,"href":"https:\/\/stage.interac.ca\/en\/wp-json\/wp\/v2\/content-tags?post=174067"},{"taxonomy":"content-category","embeddable":true,"href":"https:\/\/stage.interac.ca\/en\/wp-json\/wp\/v2\/content-category?post=174067"},{"taxonomy":"spokespeople","embeddable":true,"href":"https:\/\/stage.interac.ca\/en\/wp-json\/wp\/v2\/spokespeople?post=174067"},{"taxonomy":"in_the_know_post_format","embeddable":true,"href":"https:\/\/stage.interac.ca\/en\/wp-json\/wp\/v2\/in_the_know_post_format?post=174067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}