There are more credit card options in Canada than you can shake a stick at! Stay on top of the best rates and plans right here.
Latest News
The best GIC rates in Canada for 2025 + MORE May 21st
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
The best TD credit cards in Canada + MORE May 10th
Spend
The best TD credit cards in Canada
We’ve broken down our picks for the best TD credit cards – whether you’re looking for cash back, points, no-fee cash back, or low interest.
Compare now
Wh.... More »
DBRS upgrades outlook on Bombardier on improved finances, keeps rating unchanged + MORE Jun 2nd
DBRS Ltd. changes its trend outlook on Bombardier Inc. from stable to positive, but keeps its credit rating unchanged at B..... More »
Top 5 Small Business Credit Card Sign Up offers for August 2023 + MORE Aug 9th
Here are the Rewards Canada Top 5 Small Business Credit Card Sign Up offers for August. This is not a ‘best’ credit card list like our Top Travel Rewards Credit Card rankings but a look at cards for small businesses that have very good acquisition offers. As always when choosing a card y.... More »
Pros and Cons of Opening a Joint Bank Account Apr 17th
If you’ve recently been married or entered a committed relationship, you may wonder if it’s a good idea to join your banking with your spouse or partner. Perhaps you’ve discussed the idea with them, but you’re unsure if it’s better to open joint bank accounts or keep yo.... More »
Using a TFSA to finance a rental property
– moneysense.ca
Q: My husband and I are both 60 years old and working full time. We’ve just made an offer to purchase a cottage for $75,000. The cottage needs extensive renovations. We are thinking it’ll be a two-year project, costing us about $50,000. Once it’s done, we plan to rent it out for 15-20 weeks per year. The going rate in the area is $1,000 per week.We have $30,000 cash and could cash in TFSAs to make up the $75,000. We are thinking about working slowly on the renovations using our homeowner’s line of credit and when it gets to a certain point we could transfer that to a mortgage.
Or should we use our $30,000 cash as a down payment, get a mortgage right away for $45,000 and use a combination of TFSAs and line of credit for renovations?
We already max out our RRSPs each year. And we plan to continue our TFSA contributions.
—Debra
A: Debt repayment versus investing is an age-old financial planning conundrum, Debra. Given the price of real estate, investors generally incur debt in order to invest in a rental property…
February 9 Update: New Credit Card page along with 23 new bonus offers
– RewardsCanada.ca
Only update for the next two weeks! News, Tips & Tricks This will be our only daily update for this week and next as the Rewards Canada family is off to enjoy some sun, sand and more. Yes the flights were totally free. Aeroplan mile redemption for four plus taxes and fees paid for with TripFlex from American Express Membership Rewards.We updated our general credit card page on Rewards Canada. We’ve kept the breakdown by category of card but now we provide full descriptions with the cards rather than just list the sign up bonus. You can find the page here and over the next month or so it will be populated with many more cards!Simply navigate to the page here and then click “show all” to see the cards for that category. Posts since our last update:Miles & More Award Ticket Sale – Save up to 50% on award tickets to Europe from Montreal and Toronto As we do each month we bring you the latest set Miles & More “Meilenschnaeppchen” discounted mileage awards! This… Bonus Offers American AAdvantage- 4,000 Bonus AAdvantage Miles for AA Elite members on your first Rocketmiles booking More…Tax refund: Using it to pay off credit card debt
– creditcards.com
Five questions to help you decide where to apply that refund
