Welcome to Canada and Alberta! As a safe and welcoming province, Alberta offers a great quality of life and many opportunities to grow, learn and develop personally and professionally in an economically diverse environment. We hope this guide will provide useful information for you regarding managing your money.
Money management means having a clear and thorough understanding of how to be more fiscally (financially) responsible. Having money management skills is about having the knowledge and confidence to make good financial decisions and it also means knowing how to work and plan financially toward your goals.
As a newcomer to Canada and Alberta, it is important for you to understand Canada’s economic system. This means learning how to interact financially with all 3 levels of government, federal (Government of Canada), provincial (Government of Alberta),and municipal (City of Calgary or other local government). These interactions include how and when to properly file and pay your income taxes, how and where to invest, how to build positive credit history and more. Knowing the basics will help you get started and allow you to develop positive habits that will lead to ongoing financial success.
Money management also means understanding the short- and long-term impacts of your consumer choices. Understanding these impacts can help you keep track of your expenses, build your savings, and establish good credit. Being a smart consumer can help you manage your money and plan financially so that you live comfortably with the money you have while also building savings in order to achieve long-term goals.
What is not included in this guide is money management information for life-changing events. Life-changing events include situations such as fire, flood, major education decisions, marriage, job loss, a new baby, death, pandemics or moving. The municipal, provincial and federal government websites and multicultural centres are good resources when these kinds of life-changing events happen.They can provide you with direction and support. See the list of resources in Appendix A of this guide.
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TIES is located on the traditional territories of the people of the Treaty 7 region, which includes the Blackfoot Confederacy comprising the Siksika, Piikani and Kanai First Nations, the Tsuut’ina First Nation, and the Stoney Nakoda including the Chiniki, Bearspaw and Wesley First Nations. The City of Calgary is also home to Métis Nation of Alberta, Region III.
