A water diverting system for diverting water from a building's foundation, where the foundation has a basement footing having an interior face oriented towards an interior of the foundation, a basement wall having an interior face oriented towards the interior of the foundation, and a basement floor slab. The system includes a channel for collecting water and configured to be installed adjacent the basement footing. The channel is overlaid with a corrugated track for directing water to the channel. A vertical water guide extends perpendicularly from the track and is positioned adjacent the interior face of the basement wall. The guide includes a plurality of spaced projections for directing water trickling down along the wall to the channel.