The best high-interest savings accounts in Canada for 2025 + MORE Mar 25th

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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Best high-interest savings account rates in Canada

Generally, savings accounts offer very low interest rates. So, if you want to earn on your deposits (rather than simply using your account as a temporary “holding tank” or directing to longer-term saving and investing vehicles), a savings account with a high interest rate is a no-brainer…

—Leslie

When you sell an investment that isn’t tax-sheltered for a profit, you must report a capital gain on your tax return. But there are a few options to reduce the tax owed, which we will look at below.

Reducing capital gains with capital losses

If you have capital losses from the current year, or capital losses from previous years that you have not yet deducted, you can claim those unused losses to reduce a capital gain from the current tax year. Capital losses carry forward indefinitely, with no expiration.

You can also strategically trigger capital losses by selling investments at a loss before year-end—a strategy known as tax-loss selling.

Can RRSP contributions reduce capital gains tax?

A contribution to your registered retirement savings plan (RRSP) may help to reduce the potential tax payable as well, Leslie…