iAtoday

The latest episode of In Your Interest! podcast covers the financial challenges of immigration. This is a subject that deserves exploration now more than ever, as estimates suggest that the proportion of Canadians with an immigrant background could reach 34% of the population by 2041¹.

Our Chief Strategist and Senior Economist, Sébastien Mc Mahon, discusses the financial challenges of immigration with Dave Yadav, Education Specialist in Group Benefits and Retirement Solutions and whose family arrived in Canada in the late 1950s.

A sweeping study undertaken by Léger shows that only 59% of those who settle in Canada find work in their field of study or expertise and that 84% find the cost of living to be higher than anticipated. That’s why it’s in our interest to support them with information, advice and resources.

Understanding the financial realities of immigration

In this episode, Sébastien Mc Mahon and Dave Yadav discuss the must-know topics for anyone intending to move to Canada:

• Finding a job in your field of study
• Opening a bank account
• Building credit
• The cost of living
• How income taxes work
• Pension plans and retirement savings
• The existing resources

Listen to “The financial challenges of immigration” and learn more.

Please note that this podcast has already been shared with plan members and sponsors on My Client Space and LinkedIn.

We’re committed to supporting our group plan members on their journey to financial wellness, especially by helping them develop their financial literacy skills with a variety of content and tools. We hope this podcast will be useful for those permanently settling in Canada and those coming to study or work temporarily.  

¹ Statistics Canada