LandedCity
GuidesDeals
ContributeSign in
LandedCity

Community-verified guidance for your first weeks in a new city.

Explore

  • All guides
  • Deals
  • Contribute
  • Tax Calculator
  • Legal Assistant
  • Points & Rewards
  • About us
  • Contact

Cities

  • Amsterdam
  • Bangkok
  • Berlin
  • Brussels
  • Dubai
  • and more…

Account

  • Sign in
  • Profile
  • Referrals

Legal

  • Terms
  • Privacy
  • Cookies
  • Disclosures
Community content is moderated. Always verify legal and financial decisions with official sources.
HomeGuidesSalary Account vs Basic Account in Toronto

Money and Payments

Salary Account vs Basic Account in Toronto

Choosing the right Canadian bank account for your income situation.

Action checklist

Complete these steps in order for the fastest, safest setup.

  • 1TD, RBC: free for first 6–12 months with newcomer program
  • 2Tangerine: free chequing forever — no minimum balance required
  • 3Simplii Financial (CIBC): free chequing with no fees
  • 4Open TFSA immediately — tax-free investment account, $7,000 contribution room/year

City context: Dubai

These steps are tailored for newcomers in Dubai. Costs, availability, and requirements may differ in other cities — switch the city selector above to switch context.

Read what residents say about Money and Payments in Dubai

Have a better local tip?

Submit your experience and help newcomers make safer decisions. Earn points when your tip is approved.

Contribute now

Share this guide

Share:
Community content is moderated, but verify legal and financial decisions with official sources before acting.