The “Big Five” Canadian banks offer credit cards and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Did you know that there are many other options?
Latest News
The best GIC rates in Canada for 2025 Dec 29th
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 »
Scotiabank Gold American Express Card: 57 new confirmed multiplier locations in Canada, the U.S. & Latin America May 12th
Here’s our next update to our new Scotiabank Gold American Express Card Confirmed Multiplier Locations list with 20 new locations being added today from Canada, the U.S. & Latin America Nothing like being able to earn up to 5x points AND pay No FX Fees outside of Canada! Recommended viewing: .... More »
Changes coming to the WestJet credit card companion vouchers Jun 2nd
If you have a WestJet RBC World Elite Mastercard or WestJet RBC Mastercard you should have received an email that detailed some changes coming to the annual companion voucher. $100 increase to Premium and PremiumFlex co-pay requirements The change that is being instituted is a price increase for the.... More »
RWRDS Daily Update Feb 20: Earn 100 bonus AIR MILES for purchasing a Shell Car Wash Flex Pass Feb 20th
AIR MILES Flash Offer to earn 100 bonus Miles for purchasing a Shell Car Wash Flex Pass and Porter Airlines now serving Café Saint-Henri coffee on board. Check out today's points & miles updates here:
The post RWRDS Daily Update Feb 20: Earn 100 bonus AIR MILES for purchasing a Shell Car Wash .... More »
RWRDS Daily Update – May 3, 2024 + MORE May 4th
Earn 20,000 bonus PC Optimum points at Shoppers Drug Mart this weekend, Two more Amex Offers added today from NetParcel & Parachute and no Miles & More Mileage Bargains from Canada. Check out today's points & miles updates here:
The post RWRDS Daily Update – May 3, 2024 appeared fir.... More »
RWRDS Daily Update – November 28, 2023
– RewardsCanada.ca
Air Transat and Porter Airlines are forming a Joint Venture Alliance & New Amex Offers statement credit for Profile Wine Group. Check out today’s points and miles updates here:
The post RWRDS Daily Update – November 28, 2023 appeared first on Rewards Canada.
The post RWRDS Daily Update – November 28, 2023 appeared first on Rewards Canada.
Your FHSA timeline: What to invest in and when
– moneysense.ca
Before you make an offer to buy your first home, you’ll have to determine your budget and save up enough money for a down payment (typically about 20% of the home’s value). That’s probably going to be a good chunk of change—Canada’s housing market is expensive, and if you put down less than 20%, you’ll be obligated to buy mortgage default insurance.
Fortunately, there are a number of ways to save for a down payment on your first home, including the first home savings account (FHSA). This registered account was introduced in April 2023 to help first-time home buyers in Canada. And it can be used in conjunction with other government programs including the Home Buyers’ Plan, First Time Home Buyer Incentive and Home Buyers’ Tax Credit. The FHSA has an annual contribution limit of $8,000, up to a lifetime maximum of $40,000, and the account can stay open for 15 years. Cash and investments held inside an FHSA can grow tax-free, and there’s no tax on FHSA qualified withdrawals…
