{"id":644,"date":"2025-04-04T11:51:13","date_gmt":"2025-04-04T14:51:13","guid":{"rendered":"https:\/\/www.cfacheticamp.ca\/?page_id=644"},"modified":"2026-01-14T17:38:42","modified_gmt":"2026-01-14T21:38:42","slug":"finances","status":"publish","type":"page","link":"https:\/\/www.cfacheticamp.ca\/en\/life-in-cheticamp\/finances\/","title":{"rendered":"Finances"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Applying for a Social Insurance Number (SIN)<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">You need a&nbsp;<a href=\"https:\/\/www.canada.ca\/en\/employment-social-development\/services\/sin\/apply.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Social Insurance Number<\/a> (SIN) to apply for a job in Canada, to file a tax return and to finalize your administrative procedures. The application process is free.&nbsp; To submit your application on-line, set aside at least 45 minutes and click <a href=\"https:\/\/sin-nas.canada.ca\/en\/Sin\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">here<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can also submit an application in person at:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Inverness &#8211; Service Canada Centre<br>15932 Central Avenue<br>Inverness, Nova Scotia<br>Opening hours: from Monday to Friday from 8:30 am to 4 pm<br>Service languages: English, French<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"bank\">Opening a Bank Account<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">To open a bank account in the Ch\u00e9ticamp region, you can contact<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>RBC Royal Bank: Located at 15374 Cabot Trail, Ch\u00e9ticamp, Nova Scotia, B0E 1H0. You can contact the bank by dialling 1-800-769-2511 for more information.<\/li>\n\n\n\n<li>Acadian Credit Union:<a href=\"https:\/\/www.google.com\/maps\/search\/?api=1&amp;query=15089%20Cabot%20Trail,%20Ch\u00e9ticamp,%20Nova%20Scotia%20B0E%201H0\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"> Located at 15089 Cabot Trail, Ch\u00e9ticamp, Nova Scotia, B0E 1H0.<\/a> You can contact the bank by dialling 1-902-224-2055. For more information, click <a href=\"https:\/\/www.acadiancreditu.ca\/find-branch?branchId=f602fef8-97ee-45a6-b74f-9119098a15ea\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">here<\/a>.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">You will have to provide two <strong>original proofs of address. <\/strong>Here are some examples of accepted documents:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A recent tax assessment notice<\/li>\n\n\n\n<li>A recent bill for Canadian utilities (electricity, water, heating oil, Internet)<\/li>\n\n\n\n<li>A recent bank account statement or credit card statement.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Proof of identity<\/strong>: Any document indicating your name and your date of birth, such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A foreign passport<\/li>\n\n\n\n<li>A piece of ID issued by the Government of Canada or a Canadian province<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">You can also use an on-line bank such as, among others, <a href=\"https:\/\/www.tangerine.ca\/en\/personal\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Tangerine<\/a> <a href=\"https:\/\/wise.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Wise<\/a> or <a href=\"https:\/\/www.simplii.com\/en\/home.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Simplii<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Please be aware that these on-line banks do not allow you to create a credit history, but they are an attractive option when you are first settling in because the procedures for opening an account are simpler.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can open an account even if you are unemployed or have no money to deposit immediately. All information is found <a href=\"https:\/\/www.canada.ca\/en\/financial-consumer-agency\/services\/banking\/opening-bank-account.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">here<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Getting a Credit Card<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">To get a credit card, you will generally have to provide some information on your income and credit history. The specific terms and conditions may vary by bank and card type.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Advice for newcomers<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Compare the offers and services of the different banks to find the one that best suits your needs.<\/li>\n\n\n\n<li>Contact banks to get detailed information on the required documents and specific procedures.<\/li>\n\n\n\n<li>Check on-line options: Some banks may require an existing account to open a new on-line account<\/li>\n\n\n\n<li>If possible, do not close your credit card account in your country of origin before your arrival. Having an existing credit history may be useful.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-group important-box has-border-color is-vertical is-layout-flex wp-container-core-group-is-layout-a4b4f7a2 wp-block-group-is-layout-flex\" style=\"border-color:#F15F4B;border-radius:16px;padding-top:var(--wp--preset--spacing--40);padding-right:var(--wp--preset--spacing--50);padding-bottom:var(--wp--preset--spacing--40);padding-left:var(--wp--preset--spacing--50)\">\n<h3 class=\"wp-block-heading has-text-align-left\">The Importance of Improving Your Credit Rating<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Always pay your bills on time<\/li>\n\n\n\n<li>Do not use up your entire credit limit<\/li>\n\n\n\n<li>Regularly check your credit report <a href=\"https:\/\/my.equifax.ca\/consumer-registration\/?lang=en\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">here<\/a>.<\/li>\n<\/ul>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\">You will find more information on the credit report and credit rating <a href=\"https:\/\/www.canada.ca\/en\/financial-consumer-agency\/services\/credit-reports-score\/order-credit-report.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">here<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Filing Your Tax Return<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">To complete your tax return, you will need the following documents:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Income slips<\/strong>:\n<ul class=\"wp-block-list\">\n<li><strong>T4<\/strong> (employment income)<\/li>\n\n\n\n<li><strong>T4A<\/strong> (scholarships, CERB, pensions)<\/li>\n\n\n\n<li><strong>T5<\/strong> (investment income)<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Social Insurance Number (SIN)<\/strong> or individual tax number (ITN) if you do not have a SIN.<\/li>\n\n\n\n<li><strong>Deductible receipts: (This information is updated annually and is subject to change. It is important to check your deduction rights when you complete your tax return.)<\/strong>\n<ul class=\"wp-block-list\">\n<li>Medical expenses: all your receipts for the purchase of medication and medical equipment (including private insurance). Keep them in a safe place throughout the year (between January 1st and December 31st) because you will need to calculate your total expenditure to potentially benefit from a tax deduction.<\/li>\n\n\n\n<li>Charitable donations: all supporting documents for donations made during the year. Keep them in a safe place throughout the year (between January 1st and December 31st) because you will need to calculate your total expenditure to potentially benefit from a tax deduction.<\/li>\n\n\n\n<li>Childcare expenses: if you use childcare services, the childcare service will have to provide you with a tax receipt indicating the total amount paid during the year to potentially benefit from a tax deduction.<\/li>\n\n\n\n<li>Student tuition fees&nbsp;<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Notice of assessment<\/strong> for the previous year (if applicable).<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Getting paper forms<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <strong>T1 General Income Tax Package<\/strong> is available:\n<ul class=\"wp-block-list\">\n<li>You can download the <a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/forms-publications\/tax-packages-years.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">income tax package<\/a> on the <a href=\"https:\/\/www.canada.ca\/en\/revenue-agency.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Canada Revenue Agency (CRA) website<\/a>.<\/li>\n\n\n\n<li>At <strong>post offices<\/strong> or <strong>Service Canada centres<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Filling Out Your Tax Return<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">You can complete your tax return<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>yourself using approved software<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Advantages<\/strong>: Quick, received in 2 weeks, automatic calculation of credits<\/li>\n\n\n\n<li><strong>Free approved software:<\/strong>&nbsp; NETFILE, ReFILE<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>yourself using paper forms<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Processing time<\/strong>: Approximately 8 weeks.<\/li>\n\n\n\n<li><strong>Where do you send it?<\/strong> The address indicated on the form (varies by province).<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>by consulting an accountant<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Harold Aucoin CPA Inc.<\/strong><br>Address: 15262 Cabot Trail, Ch\u00e9ticamp, NS B0E 1H0<br>Telephone: 902-224-0295<\/li>\n\n\n\n<li><strong>Lenora Timmons CPA CGA<\/strong><br>Address: 1086 Ch\u00e9ticamp Back Rd, Ch\u00e9ticamp, NS B0E 1H0<br>Telephone: 902-224-2709<br><a href=\"https:\/\/www.allaccountingneeds.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">https:\/\/www.allaccountingneeds.com\/ <\/a><\/li>\n\n\n\n<li><strong>Aucoin Accounting<\/strong><br>Address: 15262 Cabot Trail, Ch\u00e9ticamp, NS B0E 1H0<br>Telephone: 902-224-2268<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>by contacting a free tax clinic, <\/strong>find a clinic near you <a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/individuals\/community-volunteer-income-tax-program.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/individuals\/community-volunteer-income-tax-program.html<\/a>.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-group important-box has-border-color is-vertical is-layout-flex wp-container-core-group-is-layout-a4b4f7a2 wp-block-group-is-layout-flex\" style=\"border-color:#F15F4B;border-radius:16px;padding-top:var(--wp--preset--spacing--40);padding-right:var(--wp--preset--spacing--50);padding-bottom:var(--wp--preset--spacing--40);padding-left:var(--wp--preset--spacing--50)\">\n<h3 class=\"wp-block-heading has-text-align-left\">Important<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">You must file and pay your taxes <strong>before April 30<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If this is your first tax return, use <strong>free software<\/strong> or a <strong>volunteer tax clinic<\/strong> to avoid mistakes.<\/p>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Here is a summary of the essential information on the Canada Child Benefit (CCB) for new Francophone immigrants to Nova Scotia:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Key Information on the Canada Child Benefit (CCB)<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Accessing the Canada Child Benefit<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is a non-taxable monthly payment made to eligible families to help them provide for their children under the age of 18.&nbsp;The amount depends on net family income, the age of the children and marital status. Payments are adjusted each year in July based on inflation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Eligibility<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You must be a Canadian tax resident.<\/li>\n\n\n\n<li>You must be responsible for the care and education of a child under the age of 18.<\/li>\n\n\n\n<li>You must live with the child.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>For more information on the CCB application, <\/strong>go to <a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/child-family-benefits\/canada-child-benefit-overview\/canada-child-benefit-apply.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">https:\/\/www.canada.ca\/en\/revenue-agency\/services\/child-family-benefits\/canada-child-benefit-overview\/canada-child-benefit-apply.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Applying for a Social Insurance Number (SIN) You need a&nbsp;Social Insurance Number (SIN) to apply for a job in Canada, to file a tax return and to finalize your administrative procedures. The application process is free.&nbsp; To submit your application on-line, set aside at least 45 minutes and click here. You can also submit an<a class=\"moretag\" href=\"https:\/\/www.cfacheticamp.ca\/en\/life-in-cheticamp\/finances\/\"> Read the full article&#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":614,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"wp-custom-template-cfa-pages-vivre-sub-en-01","meta":{"footnotes":""},"class_list":["post-644","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.cfacheticamp.ca\/en\/wp-json\/wp\/v2\/pages\/644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cfacheticamp.ca\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.cfacheticamp.ca\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.cfacheticamp.ca\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cfacheticamp.ca\/en\/wp-json\/wp\/v2\/comments?post=644"}],"version-history":[{"count":7,"href":"https:\/\/www.cfacheticamp.ca\/en\/wp-json\/wp\/v2\/pages\/644\/revisions"}],"predecessor-version":[{"id":3010,"href":"https:\/\/www.cfacheticamp.ca\/en\/wp-json\/wp\/v2\/pages\/644\/revisions\/3010"}],"up":[{"embeddable":true,"href":"https:\/\/www.cfacheticamp.ca\/en\/wp-json\/wp\/v2\/pages\/614"}],"wp:attachment":[{"href":"https:\/\/www.cfacheticamp.ca\/en\/wp-json\/wp\/v2\/media?parent=644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}