Wealthsimple Cash review 2025 + MORE Feb 19th

Earning points with banking products and services beyond credit cards is gaining popularity in Canada and one of the latest such opportunities is opening a Direct Investing account with RBC. RBC Direct Investing^ is offering a $300 cash bonus and up to 500,000 Avion points* (up to $10,000 in travel value1) when you open your […]
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Wealthsimple Cash is a high-interest chequing/savings account that offers one of the highest interest rates in Canada. It has appealing yields and includes a prepaid Mastercard with no foreign transaction fee, so many consumers are naturally attracted to the account. Is it any good? The short answer is yes, but there are a few quirks to be aware of.

What is Wealthsimple Cash?

Wealthsimple started as a robo-advisor offering low-cost portfolio management, but it has since expanded to provide more products and services, such as self-directed investing (under Wealthsimple Trade), tax returns, mortgages and savings accounts. 

Wealthsimple describes the Cash account as a high-interest chequing account. That label is important: it’s what allows Wealthsimple to claim it offers the highest interest rate in Canada. (A few high-interest savings accounts, or HISAs, offer similar interest rates.) 

Wealthsimple also incentivizes customers to spend the money in their account by offering rewards on purchases, which is likely another reason it’s referred to as a chequing account instead of a savings account…

Air Canada has launched an Aeroplan award flight sale that provides up to a 25% discount in the points required to redeem for Air Canada flights when you book by February 23, 2025. The discount is valid for travel completed between February 20 and September 30, 2025. Eligible flights are flights operated by Air Canada […]
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Receive 15% more value when redeeming Aeroplan points for Air Canada Vacations packages and beware of Uber’s new preferred currency pricing that can cost you 1.5% more. Check out today’s points & miles updates here:
The post RWRDS Daily Update Feb 19: Receive 15% more value when redeeming Aeroplan points for Air Canada Vacations packages appeared first on Rewards Canada.

The Ontario Trillium Benefit (OTB) is one of the tax credits and benefits available to Ontario residents. It pays for a portion of eligible Ontarians’ energy costs, sales tax and property tax.

So, how does it work, and who qualifies? When is the next OTB payment date, and how will you receive it? Learn about these details and more in this overview of the OTB.

What is the Ontario Trillium Benefit? 

The OTB is the combined payment of three provincial benefits for Ontario residents. You need to be eligible for at least one of these three credits to receive the benefit.

Ontario energy and property tax credit (OEPTC): This tax-free credit applies to a portion of eligible Ontario residents’ property tax and sales tax on energy. Your OEPTC amount depends on several factors, including your age and marital status, as well as your energy costs, property tax or rent paid during the year. The maximum OEPTC in 2025 is $1,461 for seniors aged 64 and older and $1,283 for other Canadians…