GIC comparison tool

Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.

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.

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Highest GIC rates in Canada

Banks, credit unions, trust companies and discount brokerages all offer GICs. Below, you’ll find the best rates available from a variety of financial institutions, including credit unions and Canada’s Big Six banks. The rates listed are for non-redeemable GICs held in non-registered accounts—the most popular type of GIC in Canada…

Convocations and graduation ceremonies are over and new employment contracts are in place. Now, it’s time to understand the tax consequences—especially when take-home pay is a lot smaller than expected.

Most new employees can benefit from an onboarding process that includes information about claiming reimbursements for out-of-pocket expenses, pension contributions, or how to deduct unreimbursed costs. Here’s a primer to share.

A tax credit for every employee

A non-refundable tax credit is available for all people who report employment income. It’s called the Canada Employment Amount and it’s claimable without receipts to reduce taxes payable. It covers the costs of travelling to and from work, or other personal costs of working, like buying lunches, new shoes, dry cleaning and so on.

For 2026 the maximum claim is $1,501 on the federal tax return.  

Also read

Income Tax Guide for Canadians
Deadlines, tax tips and more

read now

What tax forms are needed?

Employees who incur additional expenses out of pocket as a condition of their employment contract will need additional forms:

The employer must confirm those employment conditions on Form T2200 Declaration of Conditions of Employment, which can now include an electronic signature…

U.S. aiming for interim deals with Canada, Mexico by end of year, top Trump trade official says  The Globe and MailGreer defends Canada tariff threat, says CUSMA ‘options’ coming this year  Global NewsTrump’s trade czar says he hopes to give Canada CUSMA ‘options’ by end of year  Toronto StarCanada doesn’t ‘get credit’ for rolling back trade irritants, U.S. envoy says  CBCWhy this manufacturing industry insider thinks the U.S. will soon come around on CUSMA  National Post

Clinton Begin was growing tired of frequent visits to bank branches and calling into the trading desk to check on various transactions. “There (were) a lot of things that just took too much of my time. I was always phoning, always going to visit them. It was always a big deal,” he recalled.

Even though he had been banking with several of the big lenders for decades, his frustrations grew until they came to a head during one instance involving one of his registered accounts. He finally decided to pull the trigger and switch to a fintech as his primary bank.

Canada’s banking regulator has been streamlining its bank licensing framework, making it easier for smaller financial companies and provincial credit unions to enter the federal financial system and compete against the Big Six. It’s also giving consumers greater choice when it comes to who they want to bank with.

Choose a bank that fits your needs

But consumers shouldn’t just switch banks on a whim, said Natasha Macmillan, senior director of everyday banking at Ratehub…

U.S. aiming for interim deals with Canada, Mexico by end of year, top Trump trade official says  The Globe and MailGreer defends Canada tariff threat, says CUSMA ‘options’ coming this year  Global NewsTrump’s trade czar says he hopes to give Canada CUSMA ‘options’ by end of year  Toronto StarCanada doesn’t ‘get credit’ for rolling back trade irritants, U.S. envoy says  CBCWhy this manufacturing industry insider thinks the U.S. will soon come around on CUSMA  National Post

GIC comparison tool

Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.

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.

Advertisement

Highest GIC rates in Canada

Banks, credit unions, trust companies and discount brokerages all offer GICs. Below, you’ll find the best rates available from a variety of financial institutions, including credit unions and Canada’s Big Six banks. The rates listed are for non-redeemable GICs held in non-registered accounts—the most popular type of GIC in Canada…

With some Canadians skipping the United States in favour of destinations further afield, countries like Peru, Bolivia, and Argentina are attracting more attention. Bolivia is the cheapest of the three, although travellers from Canada will find all of them relatively affordable.

5 ways to stay on budget in South America1. Compare tours after you arrive instead of booking months ahead2. Carry cash, especially U.S. dollars for Bolivia3. Use a no-FX fee credit card where cards are accepted4. Take overnight buses to save on transportation and accommodation5. Read tour reviews before choosing the cheapest option

Preparing for a South American trip

When you’re traveling throughout North America, it’s generally a good idea to book as much as you can in advance—like concert tickets or a table at a sought-after restaurant. But in parts of South America, the informal culture means it’s often best to physically be there and suss things out before parting with your cash.

There is an exception to this rule: travel arrangements, and sometimes accommodation…

When Liza Akhvledziani moved to Canada as an international student, she quickly realized that money worked differently here. From building a credit history to understanding how debt could affect her financial future, she had to learn a new set of rules while rebuilding her financial life from scratch. Those experiences eventually led her to study economics, work on Bay Street and, later, co-found Chexy.

Today, as the company’s CEO and co-founder, Akhvledziani is focused on helping Canadians get more value from their everyday spending. In this edition of My MoneySense, she shares the financial lessons that have stuck with her—from why everyone should negotiate more often to the benefits of automating your finances and using debt strategically.

Who are your financial heroes?

I’m incredibly motivated by people who solve problems in very legacy, traditional industries but whose work reaches millions of people. David Vélez at Nubank is a great example. He went after one of the most traditional, entrenched parts of financial services in Brazil and proved that consumers will move when the product is meaningfully better…

Moving to Canada as an international student comes with a long financial to-do list, and building credit is one of the most important items on it. Your credit history from home typically doesn’t transfer, which means you may need to start from scratch when applying for a credit card, phone plan, apartment rental or loan.

Fortunately, building credit in Canada can be relatively straightforward. Many banks, including RBC, offer credit cards specifically designed for students and newcomers, making it easier to get approved and start establishing a credit history early.

How can international students build credit in Canada?

International students can start building credit by opening a credit card, setting up a cell phone or internet plan in their name, and paying bills on time. These activities may be reported to Canada’s two main credit bureaus, Equifax and TransUnion.

Using a credit card responsibly is one of the fastest ways to establish credit. Paying your balance on time, staying well below your credit limit, and avoiding missed payments can help you build a strong credit score over time…

Police say that the suspect fled eastbound on Eglinton Avenue from Erin Mills Parkway in a sedan.

One of the biggest fears consumers have is losing a credit card, but a lost card is usually detected quickly and the account frozen. A bigger danger may lie in using your credit card to make payments online—especially if you are unfamiliar with the vendor or using a public Wi-Fi network that can be hacked. In those situations, your credit card information could be intercepted or stolen without you realizing it.

Fortunately, there are simple tools that can enhance the security around credit card use. Known as virtual or digital credit cards, they help shield your actual card number and reduce the risk of fraud if your payment information is compromised.

What are digital or virtual credit cards?

Virtual and digital credit cards are unique 16-digit payment numbers tied to your primary credit account, but they exist solely in electronic format. They allow you to shop online or over the phone without exposing the number and other details attached to your physical card.

Virtual credit cards

Virtual credit cards are essentially temporary or disposable card numbers generated specifically for online shopping and subscription services…

Ontario scientists discover hidden gem on Mars, here’s what it can teach us about the planet’s history  NOW Toronto

Ontario scientists discover hidden gem on Mars, here’s what it can teach us about the planet’s history  NOW Toronto