Best investment strategies for newcomers to Canada

Arriving in a new country with a bit of money to invest raises a practical question: where should it go first? This piece addresses a family newly settled in Canada with some extra savings and three children, weighing a TFSA, an RRSP and an RESP. The guidance leans toward flexibility early on, since the costs of getting established are unpredictable and TFSA money can be pulled out tax-free if expenses run high. It also explains a wrinkle many newcomers miss: RRSP room builds from prior-year Canadian income, so it often isn't available right away, though it later opens doors like the home-buyers program and child-benefit planning. Education savings come in once grants can be captured. The real message is matching the account to your own priorities. It's most relevant to recent immigrants finding their financial footing.