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Newcomers Guide to Canadian Banking 💰

Brunch Menus Perfect For Mother's Day

Did you know? Did you know that the modern celebration of Mother's Day in Canada can be traced back to the efforts of a woman named Anna Jarvis? She was inspired by her own mother's activism and wanted to honour the sacrifices mothers make for their children. In 1914, the Canadian government officially recognized Mother's Day as a national holiday thanks to Jarvis' campaign.

🌷 Today, Canadians celebrate Mother's Day on the second Sunday of May, just like many other countries around the world, showing appreciation for the love and care mothers provide. Keep reading

Know Your Accounts: Unlock Financial Success in Canada

Mastering the basics of financial accounts is key to navigating the Canadian financial landscape successfully. Familiarizing yourself with various account types will help you to make informed decisions and lay a strong foundation for your financial future. Let's look into the essential accounts every newcomer should understand to effectively manage their money in Canada.

💲Investment Accounts:

Three key investment accounts every Canadian should know are the RRSP, TFSA, and FHSA.

RRSP (Registered Retirement Savings Plan): A popular choice for retirement savings, RRSP contributions are tax-deductible, reducing annual income tax. Investments grow tax-free until withdrawal, usually in retirement, although withdrawals are taxed as income.

TFSA (Tax-Free Savings Account): Contributions to a TFSA are made with after-tax dollars, but investment growth, interest, and dividends earned within the account are tax-free. Withdrawals are also tax-free, making it ideal for various savings goals like retirement, education, or buying a home.

FHSA (First Home Savings Account): Tailored for saving towards your first home in Canada, the FHSA allows annual contributions of up to $8,000 and a total of $40,000. Similar to RRSPs, contributions are tax-deductible, and funds can be withdrawn tax-free for home purchases.

💳 Bank Accounts:

Savings Accounts: Designed for storing savings, these accounts hold cash but don't offer tax-free benefits like investment accounts. They're suitable for short-term goals like vacations or emergency funds.

Chequing Accounts: Essential for day-to-day banking, chequing accounts facilitate everyday transactions with features like debit cards. They're convenient for purchases and bill payments, providing easy access to funds online or in-person.

Having a clear understanding of these accounts will help you make informed financial decisions and build a secure financial future on your journey to Canada.

Things To Do Around You:

Saddle up and visit the Cloverdale's Rodeo & Country Fair from May 17th to 20th. Enjoy live entertainment, food trucks, rides, and family fun in Surrey, BC. Learn more

Gear up for an exhilarating ride at Downhill Karting by Skyline Luge, Calgary! Open from May 18th at Winsport Canada Olympic Park. Don't miss out! Get tickets

Discover thrills in Dorion, Ontario at the Eagle Canyon Suspension Footbridge Canada's longest pedestrian suspension bridge! Opens May 15th. Don't miss the breathtaking 600-foot crossing! Get tickets

Prepare for a culinary adventure at Toronto's Spring Into Spice festival on May 11th at Fort York. Experience diverse flavours from 45 food vendors and wineries! Learn more

Embrace the summer vibes at Montréal's Piknic Électronik, Parc Jean-Drapeau, starting May 19 Legendary DJ talent and epic vibes await! Learn more

Join us in Winnipeg at The Velvet Glove restaurant for a Bridgerton-inspired Afternoon Tea, from now to May 26, 2024. Enjoy seasonal delights and creative cocktails for an unforgettable experience. Get tickets

🏛️ Here are Canada's 'most loved' landmarks 

From coast to coast, Canada's most loved landmarks weave a tapestry of history, culture, and natural beauty, inviting visitors to experience the richness and diversity of this vast and remarkable land.

Lake Louise, Alberta
In the heart of the Canadian Rockies lies a gem of unparalleled beauty. Surrounded by majestic peaks and shimmering glaciers, this iconic turquoise lake is a haven for outdoor enthusiasts and photographers alike. Lake Louise never fails to leave a lasting impression.

Peggy’s Cove Lighthouse, Nova Scotia
Perched on the rugged shores of Nova Scotia, Peggy's Cove Lighthouse stands as a beacon of maritime history and coastal beauty. Set against a backdrop of weathered rocks and crashing waves, this picturesque lighthouse has captured the hearts of visitors for generations.

Green Gables, Prince Edward Island
Among these cherished sites is Green Gables memorialized by Lucy Maud Montgomery's classic tale of Anne of Green Gables. Visitors are transported to the enchanting world of Avonlea, where they can explore the charming farmhouse and lush landscapes that inspired Montgomery's beloved novels.

Notre Dame Cathedral Basilica, Quebec
The Notre Dame Cathedral Basilica stands as a testament to the architectural splendor of Old Montreal. With its stunning neo-gothic façade and intricate interior details, this historic basilica is a symbol of faith and cultural heritage.

The Confederation Bridge, Prince Edward Island
Spanning the waters of the Northumberland Strait, the Confederation Bridge links Prince Edward Island to the mainland, serving as a vital lifeline and iconic symbol of Canadian unity. Stretching over 12 kilometers, this engineering marvel offers breathtaking views of the surrounding seascape.


Welcome to Canada! The next several months will be full of excitement and new beginnings; Scotiabank can help navigate your journey by providing resources, banking solutions and tailored advice that help newcomers succeed financially. Newcomers can earn up to $1,800* in value with StartRightTM 1 and can get a credit limit up to $15,000* with StartRightTM. 2 

1 Potential value in 1st year. Conditions & assumptions apply.
2 Subject to credit approval. Conditions apply.

💐 Brunch Menus Perfect For Mother's Day

Mother's Day calls for a special celebration, and what better way to show your love and appreciation than with a delicious brunch? Whether you're treating Mom to breakfast in bed or hosting a gathering for the whole family, Chatelaine got you covered with these seven mouthwatering brunch menus that are sure to impress.

🥞 Healthy-ish Pancake Breakfast:
Indulge in the classic pancake experience without the post-brunch coma. This oat and whole wheat buttermilk pancakes recipe offers a hearty and satisfying twist on the traditional favorite. Plus, we've got you covered with easy buttermilk substitutes if you're running low.

🥚 Slow Cooker Eggs in Purgatory:
Start the day on a heavenly note with this comforting dish of eggs simmered in a rich tomato sauce. This slow cooker eggs in purgatory recipe, inspired by Nigella Lawson, is the perfect blend of simplicity and indulgence.

🍳 Sunny-Side-Up Tart:
Impress your guests with this elegant and flavorful tart featuring sunny-side-up eggs, crispy bacon, fresh spinach, and flaky puff pastry. This sunny-side-up tart recipe is a surefire crowd-pleaser that will elevate your brunch spread.

🥯 An Easier-Than-It-Looks Bagel Brunch:
Create a brunch spread that's both impressive and effortless with our easy bagel brunch menu. From homemade beet-cured gravlax to store-bought favorites like roasted red peppers and marinated anchovies, this menu strikes the perfect balance of homemade charm and convenience.

Want more delicious brunch ideas for Mother's Day?

👗 Met Gala gown inspired by Vancouver Island

Canadian actress Pamela Anderson made a stunning appearance at the Met Gala, donning a fairy-tale gown by Oscar de la Renta. The blush-beige chiffon creation, inspired by Anderson's Vancouver Island home, aimed to capture a whimsical forest spirit. Designed by Fernando Garcia, the gown radiated elegance and charm, accentuating Anderson's natural beauty on the prestigious "runway." Continue reading


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