Financial Product Reviews

Questwealth portfolios is the robo advisor service offered by Questrade, a large online broker in Canada. It offers you ETF-based portfolios in a variety of account types – ranging from personal, to registered, and even corporate. If you're looking for an investment account that does all the work for you, this is one of the best places to start.

PolicyMe is a modern life, health, and dental insurance option for Canadians between the ages of 18 and 75 (or older, if renewing). You'll get some of the cheapest life insurance premiums in the country, and it's all done 100% online for extra ease of access. Choose from terms between 10 to 30 years, or a 100 year term for essentially permanent coverage. PolicyMe term life insurance is convertible and renewable, so you don’t have to commit to a long term at first if you don’t want to.

With the CIBC Smart Plus Account, this bank has created a chequing account with valuable features for everyday banking, including unlimited transactions. The monthly fee is high, but there are plenty of perks, like CIBC’s Smart Balance Alert system and a unique welcome offer.

Looking for a convenient way to manage and categorize your finances? The Spendee Premium Budget App that first launched in 2013 can be a great choice. While there are cheaper versions of Spendee with fewer features, Spendee Premium syncs with your bank account, allows you to share "wallets" with family members, and reminds you of upcoming payment due dates, among other things.

CIBC is one of the largest and most popular banks in Canada, and the CIBC Smart Account is a low-fee chequing account. Your monthly fee is based on the number of transactions made, so you don’t pay for more than you use.

TD travel insurance is a convenient option for Canadians who are already customers of the big bank, letting you get insurance coverage from a familiar name. You have 4 options when it comes to what type of plan you can get: single trip, multi-trip all-inclusive, multi-trip medical, or trip cancellation and interruption coverage. Each plan offers your basics to keep you covered on your next trip.

A rental property can be a valuable investment, but there are always risks involved. Allstate Landlord Insurance – also known as Allstate Rental Insurance – will help protect you against personal liability, and your rental property against damage. Allstate Landlord Insurance includes a few basic forms of insurance, including dwelling protection and coverage for detached private structures. Further optional protections are also available.

A personal line of credit can come in handy for a wide range of reasons. With lower interest rates than other options like credit cards, a personal line of credit gives you some financial flexibility at a relatively low cost of borrowing.

If you feel more comfortable sticking to a big bank name you know well, Scotiabank travel insurance offers some comprehensive single and multi-trip coverage. You'll get all the basics – like emergency medical and trip cancellation – with up to 50% savings if you're travelling within Canada. They also added COVID protection, so you can feel a bit more safe even in these uncertain times.

Have a furry friend who you don't know how you'd live without? Vet bills can get very expensive, so it might be time to consider some pet insurance. Pets+Us is one of your main choices in Canada, giving you an assortment of coverage options – both for accidents and illness.