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…

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…

Here’s a round-up of news for Canadian investors this week.

Rogers

Teck

Scotiabank

Sleep Country

Featured RRSP Accounts

featured

EQ Bank

Build your retirement savings with 1.50% interest, tax-deferred contributions and zero fees.

go to site

featured

Registered GIC rate

Earn a guaranteed 2.75% in your RRSP when you lock in for 1 year.

go to site

Best RRSP rates

See our ranking of the best RRSP accounts and rates available in Canada.

read now

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…

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…

Buying a home is one of life’s biggest financial decisions, but it’s also one of the easiest places to make an expensive cross-border tax mistake. For many families, purchasing a home represents stability, permanence, and the feeling of finally putting down roots. For U.S. citizens living in Canada, buying a Canadian home can create tax consequences that don’t become apparent until years or even decades later.

A case study: When the principal residence exemption isn’t enough

Take London and Ava. London grew up in St. Louis before accepting a management position with a Canadian technology company in Vancouver. There, he met Ava, a Canadian elementary school teacher. After getting married, they purchased what they hoped would be their forever home—a detached house in Toronto for $850,000 CAD.

Over the next 20 years, they renovated the kitchen, finished the basement, watched their two children grow up, and built a life around their neighbourhood. By the time they retired, the house was worth $2 million…

For most Canadians, a mortgage is simply a fact of life. You buy a home, make your monthly payments, and hope to have it paid off by the time you retire. It’s the advice many of us grew up with: work hard, eliminate debt, and then start enjoying financial freedom.

But what if there was a way to make your mortgage work harder for you while you’re paying it down? That’s the idea behind the Smith Manoeuvre, a strategy that helps homeowners use their home equity to potentially build investments and improve tax efficiency at the same time.

Looking at debt differently

For many people, debt is something to avoid at all costs. And when it comes to high-interest consumer debt, that’s generally good advice. But not all debt is created equal.

Some debt is used to buy things that lose value over time, like vehicles, vacations, or consumer purchases. Other debt can be used to acquire assets that have the potential to generate income and grow in value.

The Smith Manoeuvre is built on this distinction…

Here’s a round-up of news for Canadian investors this week.

Rogers

Teck

Scotiabank

Sleep Country

Featured RRSP Accounts

featured

EQ Bank

Build your retirement savings with 1.50% interest, tax-deferred contributions and zero fees.

go to site

featured

Registered GIC rate

Earn a guaranteed 2.75% in your RRSP when you lock in for 1 year.

go to site

Best RRSP rates

See our ranking of the best RRSP accounts and rates available in Canada.

read now

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…

When we moved to Canada and bought our first car, insurance was simply another item on a very long checklist. I knew nothing about the Canadian insurance market, so I did what many newcomers do: lean on someone trustworthy. My father-in-law recommended the brokerage firm he had been using for years, so I called them.

The experience was exceptional. They patiently answered every question I had, explained a system I barely understood, and made me feel like more than just another customer. When we later moved into our first home, my account rep was my first call. Renewals came and went, and I never questioned them. I wasn’t really buying insurance anymore; I was buying certainty.

Then, one evening I saw an advertisement for an online insurer. I almost ignored it. Why would I price shop when I already trusted the person looking after me? But curiosity got the better of me.

I completed the online quote expecting nothing more than confirmation that I was in the right place. Instead, the premium came back roughly 30% lower than what I was paying…

For most Canadians, a mortgage is simply a fact of life. You buy a home, make your monthly payments, and hope to have it paid off by the time you retire. It’s the advice many of us grew up with: work hard, eliminate debt, and then start enjoying financial freedom.

But what if there was a way to make your mortgage work harder for you while you’re paying it down? That’s the idea behind the Smith Manoeuvre, a strategy that helps homeowners use their home equity to potentially build investments and improve tax efficiency at the same time.

Looking at debt differently

For many people, debt is something to avoid at all costs. And when it comes to high-interest consumer debt, that’s generally good advice. But not all debt is created equal.

Some debt is used to buy things that lose value over time, like vehicles, vacations, or consumer purchases. Other debt can be used to acquire assets that have the potential to generate income and grow in value.

The Smith Manoeuvre is built on this distinction…

Here’s how mortgage brokers can support their needs.

The OSC says roughly 30 Ontario investors provided funds to Altmore Mortgage Investment Corporation believing the money would be invested in mortgages and other real estate-secured loans.

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

When the mercury begins to rise, Jeffrey Siegel sinks into a routine. Windows facing the east are covered in the morning before those in the west are shrouded in the afternoon, his fan gets switched on, more of his cooking moves to the barbecue, and a clothesline is brought out whenever there is laundry to dry. These summer habits help keep his house cool, delivering relief to the University of Toronto civil engineering professor—and his wallet.

“On a day when I hear most of our neighbours using their air conditioner, we can usually last another day or two without the air conditioner by making really active use of those passive strategies,” he said. Siegel’s strategies are just a few examples of how Canadians can reduce electricity bills, which tend to soar when summer’s sweltering heat kicks in and people look to air conditioning for comfort.

To balance staying cool with tamping down on costs, experts recommend starting with steps like Siegel’s because they’re usually easy and affordable…

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…