The best high-interest savings accounts in Canada for 2025 + MORE Jun 4th

As of May 29, 2025, the Canadian Dental Care Plan (CDCP)—a federal program designed to make dental care more affordable for those Canadians without access to dental insurance—is open to all age groups. 

Access to the program has been expanding during the month of May, starting with Canadians aged 55 to 64 (as of May 1), then ages 18 to 34 (as of May 15), and finally ages 35 to 54 (as of May 29). Previously, the CDCP accepted applications from the following groups for the coverage period ending on June 30, 2025:

Adults aged 65 or older

Adults with a valid disability tax credit certificate for 2023

Children under age 18

You can apply for the Canadian Dental Care Plan online. For the current coverage period, you will need to have filed your 2023 income tax return and received your notice of assessment (NOA).

What is the Canadian Dental Care Plan?

Announced by the Liberal government as part of its 2023 budget, the CDCP aims to improve access to dental care for Canadians with an adjusted net family income below $90,000 and no private insurance…

Since home equity makes up such a significant allocation of Canadian wealth, it is only natural to wonder how best to use this equity in retirement. Let’s look at three options for retirees: using a home equity line of credit (HELOC), taking out a reverse mortgage and selling your home.

HELOC rates in Canada

A HELOC is a simple and flexible way to spend your home equity. You can borrow as needed up to your credit limit and pay interest only on the balance borrowed. As a secured loan, the HELOC uses your home for collateral. Secured loans typically have lower interest rates than unsecured loans (such as personal loans and credit card debt). Currently, HELOC rates in Canada are about 5% to 6%.

Many people have lines of credit during their working years and use them for various purposes…

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.

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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…