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A guide to the best robo-advisors in Canada for 2021
– moneysense.ca
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…
Best high-interest savings accounts in Canada 2021
– moneysense.ca
These are rates offered by Ratehub partners. You can find information about additional product options below.
You can compare high-interest rates in the table above or input your estimated account balance to compare the growth between high-interest savings accounts, Tax-Free Savings Accounts, Registered Retirement Savings Plans and youth savings accounts…
Canada’s best credit cards 2021
– moneysense.ca
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…