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Immigrant Friendly Country, Canada Offers Financial Help To Immigrants

25 Aug 2010


Canada is one of the countries extending their helping hand to immigrants. As we know, Canadian government has planned programmes to help immigrants adapt to the country by learning about the cultural and social matters of the country that can help integrate successfully in their new homes. In addition, to this Canadian immigration department is offering financial help for settlement of new immigrants into the society.

Immigrant and Settlement and Adaption program is designed by Citizenship and Immigration Canada to provide information about social, educational, housing, economic, banking and jobs in Canada. The other programme named as, Immigration Loans Program is aimed to protect and provide loans to refugees in Canada and to provide them with costs for travel documents, medical exam and other related things before moving to Canada.

Bank of Montreal has started a new banking service for providing services and products needed by new immigrants in Canada for settling her. It has been providing financial services to new arrivals for Canada for the last 25 years. The Royal Bank of Canada also offers a range of products and services for newcomers to Canada. The services include facility of opening a signature account in the bank without having to pay monthly fee up to a period of six months and waiving annual fee on visa card etc.

As a result of the friendly and cordial attitude of the country, the year 2008 saw arrival of 250,000 new immigrants into Canada out of which 37,500 moved to Vancouver while 87,000 settled in Toronto.

Speaking about the services package, Vice President of Customer Communications and Marketing, BMO, Su McVey reiterated the bank’s commitment towards better integration of new immigrants into Canada by providing help in their day-to-day needs.

These services aim to relieve the tensions and problems faced by many immigrants in starting a new life in a new country.


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