New study highlights trends in Canadian term life insurance + MORE Feb 25th
The best high-interest savings accounts in Canada for 2026 + MORE Feb 18th
The best TFSAs in Canada for 2026 + MORE Feb 4th
Students protest cuts to amount of OSAP grants they can receive + MORE Mar 4th
Scotiabank Gold American Express Card review
– moneysense.ca
The Scotiabank Gold Amex combines some of the best aspects of a travel card with the ability to participate in the Scene+ Rewards Program. For a modest annual fee, you’ll enjoy considerable insurance coverage, some travel perks, and the ability to earn up to 6 Scene+ points per $1 spent.
Who is the Scotiabank Gold American Express best for?
The Scotiabank Gold Amex is a great option for someone looking to get the most out of the Scene+ Rewards Program, as this card has the best earn rates of any Scene+ card. Frequent travellers will also get value out of the well-rounded insurance package.
Scotiabank Gold Amex: The basics
featuredScotiabank Gold American Expressgo to siteget offer
Annual fee: $120
Rewards: 1 – 6 Points per dollar
6 points per $1 at Sobeys-affiliated stores
5 points per $1 on dining, entertainment and groceries
3 points per $1 on gas, transit and streaming
1 point per $1 on everything else
Pay no FX fees on foreign purchases
Welcome offer: Earn up to $850 in welcome offers, first-year rewards and savings value, and up to 45,000 bonus Scene+ points…
The best high-interest savings accounts in Canada for 2025
– moneysense.ca
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.
Advertisement
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings of major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.
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…
Tax implications of shareholder loans
– moneysense.ca
When your corporation owes you money
If you personally pay for expenses on behalf of your company, it owes you for these personally paid corporate expenses. You can be reimbursed tax-free.
If you deposit money to your corporation, the same situation applies—that is, you are owed money back tax-free. This situation can occur if you have to top up your corporate bank account or deposit money to be used for a real estate down payment for the company.
The rest of this summary will focus on situations where you owe money to your corporation.
Clearing a loan with a bonus or dividends
Some business owners take withdrawals over the course of the year from their corporation without running them through payroll. At year-end, you can address this by declaring a bonus with payroll withholding tax payable in January…
