🍁 Topic
Banking, Budget & Saving
Bank accounts, your pay stub, budgeting, emergency funds and safe savings.
Read the posts from top to bottom. They go from basic to advanced. All topics · Start Here
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Choosing your first Canadian bank account (and never paying monthly fees)
How to open a Canadian bank account with no monthly fee, and when a big bank’s newcomer package can still help you.
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Reading your pay stub: where your money goes before you get it
What gross pay, net pay, income tax, CPP and EI mean on a Canadian pay stub, with a simple worked example.
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Splitting your paycheque: a simple budget that works
A simple four-bucket budget for your net pay, and how to save first with automatic transfers.
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Building an emergency fund
Why an emergency fund matters, how much to save in simple milestones, where to keep it and how to refill it.
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Safe places to grow your savings: high-interest savings and GICs
How high-interest savings accounts and GICs work, how to read promo rates, how to build a GIC ladder and how CDIC protects your deposits.
