How Credit History Works in Canada from Day One

You arrive in Canada with no credit history, even if you had perfect credit back home. Here's exactly what to do in your first 90 days to start building.

M

Michael

March 12, 2025

Arriving in Canada means starting your credit history from zero — regardless of what your score looked like back home. Canadian lenders can't access foreign credit bureaus, so you're starting fresh.

Why it matters immediately

Within your first few months, you'll likely need to rent an apartment, set up utilities, or finance a vehicle. All of these involve credit checks. A thin credit file makes each of these harder and more expensive.

Step 1: Get a SIN and open a bank account

Your Social Insurance Number (SIN) is the anchor of your Canadian financial identity. Apply at a Service Canada office — it's free and usually takes 15–20 minutes. Then open a chequing account at one of the major banks (TD, RBC, Scotiabank, CIBC, BMO) or a credit union.

Step 2: Apply for a secured credit card

A secured card requires a deposit (usually $200–$500) that becomes your credit limit. Every on-time payment gets reported to the bureaus. Use it for one or two regular purchases (groceries, transit) and pay it in full every month.

Step 3: Become an authorized user

If you have a family member or trusted friend with good Canadian credit, ask to be added as an authorized user on one of their cards. Their positive history can immediately boost your thin file.

The 90-day rule

Most lenders want to see at least 3 months of Canadian credit history before making a lending decision. Start immediately — every month you delay is a month added to that clock.

Get more like this

One careful email. Twice a month.

The best new article, one Canadian money idea, and a practical tip — straight to your inbox.

Subscribe to the newsletter