The best high-interest savings accounts in Canada for 2026 + MORE Feb 11th

With an April 30 tax-filing deadline fast approaching, you might now be starting to wonder: How much am I going to owe from all that? The answer, tax specialists say, is probably nothing.

Inheritance and windfall are two examples of money streams that people in Canada typically don’t pay tax on. Experts say it’s important to raise awareness of those and other common tax-free income sources, especially given how difficult it can be to navigate the ins and outs of the system during the thick of tax-filing season.

What counts as taxable income—and what doesn’t

H&R Block Canada tax expert Yannick Lemay said those exemptions can add up to significant savings. “With taxes, there’s a lot of nuances,” he said…

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…

But a robo-advisor won’t leave you alone to fend for yourself either; they will place your savings in a generally low-cost, portfolio matched to your circumstances and needs. And they’ll be there should you need to change course.

Made possible by financial technology and the proliferation of their main investment vehicle, exchange-traded funds (ETFs), robo-advisors have been around for more than a decade in Canada. These days there are nine providers available coast to coast. As you’ll find below, some have settled into specific niches, while others continue to actively prospect for new customers, both from rival robos and from banks and mutual fund sales representatives…