Starting a new job

A new job opens up a world of possibilities – both professional and financial. Use this opportunity to take a good look at your finances and see where you can make improvements.

Money matters

Create a monthly budget so you can…

Better allocate income to expenses (rent, groceries, loan payments, etc.)
Establish your financial priorities
See how you can save more

Create a retirement savings strategy so you can…

Identify your retirement goals
Define your short- and mid-term savings needs
Assess the investment options available to you

Need help with a retirement savings strategy?

Start saving now so you can…

Invest long-term and earn more money with less risk
Develop good savings habits like using automatic withdrawals or payroll deductions to save (if possible)
Set up an emergency fund
Max out your RRSP contribution every year so you'll have less taxable income and you won't have to make large contributions later on to catch up
Max out your TFSA contribution each year so you can earn interest tax-free
Take full advantage of your group RRSP (if you've got one), since the fees that apply for these plans are usually lower than for individual plans
Save up for other things (buying a home, going back to school, having a child, etc.)

Tips from an expert

Talk to a representative or a financial planner about…

Whether you should leave your pension plan with your old employer, transfer it into a locked-in registered plan and manage it yourself, or transfer it to your new employer
Improving your retirement savings strategy
Buying other coverages to round out your new group insurance plan