Discover our banking options for newcomers to Canada.


A secured credit card is a credit card where the credit limit is secured by depositing money with the bank, and the credit limit granted is equal to the amount of cash deposited. A secured credit card helps you build your Canadian credit history and credit rating in a positive way.

An unsecured credit card is a credit card that does not require the cardholder to deposit money in an account with the bank. Usually, if you have an existing Canadian credit history in good standing, you will be able to obtain an unsecured credit card.

Eligibility requirements

The New to Canada banking package is available if you:

  • Have been a Permanent Resident or Temporary Resident of Canada for 2 years or less
  • Provide proof of your status through your Permanent Resident Card or Temporary Permit
  • Have never opened or held a TD chequing account
  • Are the age of majority in your province or territory of residence

What to bring to the branch

When you visit a TD branch, bring 1 of the following pieces of residency identification with you:

  • Permanent Resident Card
  • Confirmation of permanent residence (e.g., IMM Form 5292)
  • Temporary Permit (e.g., IMM Form 1442, 1208, 1102)

And bring 2 of the following pieces of personal identification with you:

  • Valid passport
  • Canadian driver’s licence
  • Government of Canada identification card

Note: Other identification documents may be acceptable or required. Please visit a TD branch for details.


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