A guide to the best robo-advisors in Canada for 2021 + MORE Jan 3rd

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The best TFSAs in Canada for 2021 Jan 27th

A tax-free savings account, known better as a TFSA, is a savings vehicle available to Canadians aged 18 and up who have a valid social insurance number (SIN). It was launched by the federal government in 2009 as a way to encourage Canadians to save and invest. As the name suggests, TFSAs offer a tax.... More »

What is term life insurance and how, exactly, does It work? Feb 24th

When it comes to conversation-starters, life insurance generally doesn’t rank in the top 10. We get it—who wants to think about the end of their own life? But it’s important to know the ins and outs of life insurance coverage so you leave your loved ones financially secure in the event of your.... More »

What DCPD insurance means to you Jan 19th

Direct compensation property damage, or DCPD, has nothing to do with your house and everything to do with your wheels. Part of the no-fault auto insurance system, it is a mandatory component of car policies in Ontario, Quebec, Nova Scotia, New Brunswick, Newfoundland and Prince Edward Island. The bi.... More »

Financial planning in your 70s Feb 12th

When most people think about financial planning, they think about saving and investing for retirement. That is a part of it, but financial planning is much more holistic. Here are a few financial planning strategies for those approaching or into their 70s. If you’re not there yet, bookmark this fo.... More »
Canada’s best travel credit cards 2021With a good travel credit card in your name, going on a trip can suddenly become more affordable (when you are ready to travel again, of course). And, you can get even more value if you sign up for the right travel credit card—one that doesn’t just focus on points, but also has perks such as lounge access, amazing insurance coverage and the flexibility to transfer points between cards.
The card you choose should be based on the type of travel you enjoy, how you use your credit card (and on what purchases) and which additional travel benefits fit your lifestyle. To help you pick the perfect card, we’ve come up with a list of Canada’s best travel credit cards.
The best travel credit cards in Canada 2021

Card
Rewards
Annual fee

American Express Cobalt
(get more details)*

5 pts/$1 on groceries & dining
2 pts/$1 on travel, gas & transit
1 pt/$1 on everything else
1 pt = 1% / up to 1.75% in travel rewards

$120

Scotiabank Gold American Express
(get more details)*

5 pts/$1 on groceries, dining & entertainment
3 pts/$1 on gas, transit & streaming services
1 pt/$1 on everything else
1 pt = 1% in travel rewards

$120

MBNA Rewards Platinum Plus
(get more details)*

2 pts/$1 on groceries, gas & dining‡
1 pt/$1 on everything else
1 pt = 1% in travel rewards

$0

TD First Class Visa Infinite
(get more details)*

9 pts/$1 on travel (via ExpediaForTD)
3 pts/$1 on everything else
1 pt = 0…

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Canada’s best credit cards 2021Finding the right credit card could save you hundreds, if not thousands, of dollars a year. Whether you’re looking for lower fees, more rewards 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, and you are sure to come out ahead. There’s a slew of credit card options out there, and it can be challenging to find the best deal—but this list of best credit cards in Canada is here to help. We’ve highlighted the best in 13 different categories so that you can zero in on the ones that fit your spending habits, and offer features you truly value. Remember, this ranking is the starting point; the final decision is yours to make. 
The best credit cards in Canada 2021

Card
Rewards / Features
Annual fee

American Express Cobalt
(get more details)*

5 pts/$1 on groceries & dining
2 pts/$1 on travel, gas & transit
1 pt/$1 on everything else

$120

Scotiabank Gold American Express
(get more details)*

5 pts/$1 on groceries, dining & entertainment
3 pts/$1 on gas, transit & streaming
1 pt/$1 on everything else
No foreign exchange fees

$120

Amex SimplyCash Preferred
(get more details)*

2% cash back on everything

$99

Scotiabank Momentum Visa Infinite
(get more details)*

4% cash back on groceries & recurring bills
2% on gas & daily transit
1% on everything else

$120

TD First Class Travel Visa Infinite
(get more details)*

9 pts/$1 on travel (via ExpediaForTD)
3 pts/$1 on everything else

$120

BMO eclipse Visa Infinite
(get more details)*

5 pts/$1 on groceries, dining, gas & daily transit
1 pt/$1 on everything else
$50 annual lifestyle credit

$120

Tangerine Money-Back
(get more details)*

2% cash back in up to 3 spending categories
0…

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The robos have invaded. What was once a little-known investing tool for tech-savvy investors is now so commonplace, everyone from newbie savers to retired boomers using robo advisors to help manage their money.  
While advisors and traditional fund companies still manage the majority of money in Canada, with people paying more attention to fees and with interest in exchange-traded funds (ETFs) increasing, robo advisors will only see their assets under management continue to rise. According to the research aggregator Statista, Canadian robos will hold an estimated US$8.1 billion in assets under management in 2020, which, it predicts, will rise to US$16.6 billion by 2023, for a 26.7% compound annual growth rate.
As time goes on, these companies are also getting more sophisticated in their offerings. Some robos now offer chequing accounts, others let you pick stocks or buy insurance or offer real-life financial advice. You can invest in all kinds of accounts too, including tax-free savings accounts (TFSAs), registered retirement savings plans (RRSPs), registered retirement income fund (RRIFs), registered education savings plans (RESPs) and others…

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