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The best high-interest savings accounts in Canada for 2025 Dec 17th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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Know your TFSA contribution limit + MORE Dec 19th
For Canadian investors and savers, it’s always some of the best news to come each year: the annual increase in the contribution limit for Tax-Free Savings Accounts (TFSA). And for 2021 the TFSA contribution limit is $6,000.
The actual TFSA yearly limit was set at $5,000 back in 2009 when the i.... More »
RRSPs: Your Essential Questions Answered + MORE Feb 22nd
At this time of year, it seems like the financial world is awash with information on what is a Registered Retirement Savings Plan (RRSP), the benefits of having one, and how to start one. But there are still a few planning points that Canadians either aren’t aware of or don’t know how to put t.... More »
The best travel credit cards that aren’t travel credit cards + MORE Oct 31st
If we’ve learned anything from the pandemic, it’s that things can change quickly. In 2019, travel was a major spending category for Canadians. But in 2020, we were grounded by the COVID-19 pandemic. So, it’s understandable if earning travel rewards aren’t at the top of your priority list. At.... More »
What new bare trust tax filing rules mean for Canadians Mar 12th
Ask MoneySense
I would like some clarification on the T3 tax return for the year 2023. Whom does this rule apply to and can you clarify whether all the persons on the account have to complete T3 tax returns?
—Chander
Some people set up trusts that come into effect during their lives or upon.... More »
Q. I have been retired and living in the Philippines since 2009. I file my taxes as a non-resident of Canada. I have an RRSP, a LIRA, as well as a non-registered account with a major Canadian bank. My world income is 100% from Canada consisting of CPP, systematic withdrawals from retirement savings, and OAS to follow when I reach 65 next year. When monies are withdrawn the bank retains a 25% holdback for taxes. When I file my non-resident taxes I get a partial refund as my withdrawals to date have been minimal hence my tax rate has been less than 25%.
My question has to do with taxes being withheld from dividends earned from both my registered and non-registered stocks. The bank also deducts a withholding tax from dividends as they are paid out. I do not receive an information slip for taxes withheld from dividends. These dividend-paying funds were purchased when living and working in Canada during my long career. They are primarily held in U.S. funds. Why am I being taxed on these dividends without receiving an information slip?
Thank you in advance, Gregor
A…
Canada’s Best Credit Cards 2019
– moneysense.ca
It goes without saying that finding the right credit card could save you hundreds if not thousands of dollars a year. Whether you’re looking for lower fees, higher net reward points or simply valuable perks like travel medical insurance or rental car savings, every dollar counts. If you use your credit card wisely, pay off your balance monthly and find the right rewards program for you, you’re sure to come out ahead. There’s a slew of credit card options out there, so making a choice can be perplexing. To help you find a keeper or two, MoneySense has done a lot of the heavy lifting for you.To come up with Canada’s Best Credit Cards 2019, we tapped our credit card tool, which is powered by our partner Ratehub.ca‡. The methodology took into consideration numerous factors, including welcome bonuses, great cash-back value, rental car discounts, flexible travel with no restrictions, high cash-back value, superb insurance packages, and more. Ratehub.ca provides us with results based on their algorithms and the team at MoneySense uses that information and also makes additional considerations when determining the final rankings…
Canada’s Best No Fee Rewards Credit Cards 2019
– moneysense.ca
Sure, top cards in this category aren’t as rich in rewards as the best credit cards that require you to pay an annual fee. But they can still deliver a slew of rewards—everything from limitless cash-back to no restrictions on travel. So whether it’s cash back that you want, no foreign transaction fees or rich travel rewards, these no-fee credit cards offer gold plated payback to your bottom line.The best no fee credit cards in Canada 2019
Tangerine Money-Back — Best for cash back
Rogers World Elite MasterCard — Best for no foreign transaction fees
MBNA Rewards Platinum Plus MasterCard — Best for travel points
SimplyCash Card from American Express – Honorable mention
More on the best credits cards – View a complete list of top cards by category
Our methodology – For greater insight into our rankings
Best no fee credit card for cash back
Tangerine Money-Back*
Earns great rewards: 2% cash back in two spending categories of your choice from 10 different options as well as the choice of a third category to get 2% back on if you also have a Tangerine Savings Account…
