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Why trust our picks?
Every product on this page was selected because it genuinely serves newcomers to Canada — not because of the commission it pays us. We evaluate accounts and tools based on fees, newcomer-friendliness, ease of setup, and long-term value.
We disclose all known downsides and will update recommendations when products change. Learn more about us →
Banking
No-fee accounts and newcomer-friendly banking options to get you started in Canada.
Simplii Financial
A no-fee chequing account with no minimum balance. Ideal for newcomers who want straightforward banking without monthly charges.
Tangerine
An online bank backed by Scotiabank. Offers a newcomer bundle with chequing, savings, and a credit card — helpful for building credit.
Wealthsimple Cash
A modern spending account with a prepaid Visa card. Earn interest on your balance and send free Interac e-Transfers. No credit check required.
TD New to Canada
TD's dedicated newcomer banking package with a no-fee period, a credit card with no Canadian credit history required, and in-branch support in multiple languages.
Investing
Platforms to open your TFSA, RRSP, or FHSA and start growing your savings.
Wealthsimple Invest
Canada's most popular robo-advisor. Automated investing with low fees, socially responsible options, and TFSA/RRSP/FHSA accounts.
Questrade
Canada's leading self-directed brokerage. Buy ETFs commission-free, and access TFSA, RRSP, and FHSA accounts with low trading costs.
Tax Filing
Software to help you file your first Canadian tax return with confidence.
TurboTax
The most popular tax software in Canada. Step-by-step guidance helps newcomers file their first Canadian tax return with confidence.
Wealthsimple Tax
A completely free tax filing tool for Canadians. Simple interface, auto-fill from CRA, and donation-based model means you truly pay nothing.
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