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Personal Liability Coverage
Yes
Loss Of Rental Income Coverage
Yes
Landlord's Belongings
Yes
Landlord Legal Protection
No
3.2 Genius Rating
1.0 (1) User Reviews

Since you can never really know what will happen, landlord insurance is good for some extra peace of mind for your rental investments. In most cases, it will help protect you from property damage, loss of rental income, personal liability, and other related unexpected costs.

Pros
  • Covers all the basics of landlord insurance
  • Optional extra coverage that’s easy to customize
  • Cheap rates
  • Quick and easy online quote
Cons
  • Everything is done online
  • Reports of them upping rates
  • Not a thorough quote process
Provinces
BC, AB, ON, QC, NS, NB, PE, MB, SK, NL
Eligibility
  • Canadian citizen
  • Age of majority
Why You Want It
Customize your coverage options + Easily lock in low insurance premiums online.
Special Features
See Issuer for Details
Personal Liability Coverage
Yes
Loss Of Rental Income Coverage
Yes
Rented Dwelling Coverage
Yes
Detatched Structures
Yes
Sewer Backup
Yes
Overland Water
Yes
Landlord's Belongings
Yes
Earthquake
No
Water Damage
No
Appliances
Yes
Landlord Legal Protection
No
 
Personal Liability Coverage
Yes
Personal Belongings Coverage
Yes
Additional Living Expenses Coverage
Yes
Common Area Damage
Yes
4.5 Genius Rating
1.0 (1) User Reviews

If you need condo insurance in Canada, you have lots of different options to choose from. But which should you go with? Sonnet condo insurance promises low rates with an easy online experience. It covers most of the major expenses – like personal liability, personal belongings, and unit improvements – but may not have everything you’re looking for. On top of that, it also offers some optional coverage and several different ways to save money on your premiums.

Pros
  • Most of the major coverages are included
  • Ability to add extra coverage as needed
  • Easy and cheap online insurance
  • Several ways to get cheaper premiums
Cons
  • Online-only insurance company
  • History of increasing premiums
  • Not the cheapest or most comprehensive
Provinces
ALL
Eligibility
  • Canadian citizen
  • Age of majority
Why You Want It
Get coverage whether you live in or rent the condo out + Instant quotes.
Special Features
  • Coverage is the same whether you live there or rent it out
  • High customer satisfaction ratings
  • 1 year of free Telus 24/7 virtual health care
Personal Liability Coverage
Yes
Personal Belongings Coverage
Yes
Unit Improvements Coverage
Yes
Additional Living Expenses Coverage
Yes
Loss Assessment Coverage
Yes
Common Area Damage
Yes
Sewer Backup
Yes
Overland Water
Yes
Identity Theft
Yes
Earthquake Coverage
Yes
Student Property Coverage
No
Full Hail Coverage
Yes
Accidental Property Damage
No
Water Protection
Yes
Home-sharing Coverage
Yes
Home-based Business Coverage
No
 
Personal Liability
Yes
Personal Belongings
Yes
Additional Living Expenses
Yes
Unit Improvements
Yes
5.0 Genius Rating
1.0 (1) User Reviews

Since your landlord insurance doesn't cover any tenant belongings, tenant insurance is required in order to keep your rental safe, including everything inside of it. Sonnet Tenant Insurance is a well-rounded and reasonably priced insurance product from an online-only company, offering tenants peace of mind.

Pros
Cons
Provinces
AB, ON, QC, NB, NS, PE
Eligibility
  • Canadian citizen
  • Age of majority
Why You Want It
Get an easy online quote for cheap insurance premiums + Multiple ways to save.
Special Features
See Issuer for Details
Personal Liability
Yes
Personal Belongings
Yes
Additional Living Expenses
Yes
Unit Improvements
Yes
Identity Theft
Yes
Sewer Backup
Yes
Overland Water
Yes
 
Minimum Interest Rate
0.01%
Maximum Interest Rate
0.01%
Balance Required For Maximum Interest Rate
N/A
4.0 Genius Rating
0.0 (0) User Reviews

The BMO Premium Rate Savings Account is one of the few savings accounts that actually lets you get at your money whenever you want, including unlimited free Interac e-Transfers. And this is great for what is technically a free account.

Pros
  • Is technically free
  • Makes it easy to get at your money
Cons
  • You need to have a BMO chequing account first
  • The interest rate is a paltry 0.01%
  • Doesn’t help you build your savings
  • Has no welcome bonus or intro offers
Provinces
ALL
Eligibility
  • Age of majority
  • Canadian citizen
Why You Want It
Earn 0.01% interest + Access your money whenever you need it .
Special Features
  • Share transaction limits with your chequing account
  • Easy access to funds
  • * Only available as an addition to your BMO chequing account. Transaction limits and fees are the same as the chequing account (fees shown are for BMO Performance)
# Of Free Transactions
Unlimited
# Of Free Interac E-Transfers
Unlimited
Max Promotion Rate
N/A
Welcome Bonus Value
N/A
Promo End Date
N/A
 
Minimum Interest Rate
0.7%
Maximum Interest Rate
0.7%
Balance Required For Maximum Interest Rate
N/A
3.8 Genius Rating
0.0 (0) User Reviews

The BMO Savings Amplifier Account is one of several savings accounts offered by the Bank of Montreal, providing a base interest rate of 0.7%. It's a very basic savings account that doesn’t offer much, but the security and peace of mind provided by a bank of this stature may just offset its flaws.

Pros
  • High base interest rate (for a big bank account)
  • High promotional rate
  • No monthly fees
  • Free to transfer money to yourself
  • No minimum balance requirement
Cons
  • Fees for external transfers
  • No other interesting or useful features
Provinces
ALL
Eligibility
  • Age of majority
  • Canadian citizen
Why You Want It
Earn 0.7% regular interest + A bonus 4.6% promo interest rate.
Special Features
  • Free transfers between BMO accounts
  • BMO Savings Goals feature
# Of Free Transactions
0
# Of Free Interac E-Transfers
0
Max Promotion Rate
4.6%
Welcome Bonus Value
N/A
Promo End Date
November 02, 2025
 
Minimum Investment
$100
Minimum Fees
0.35%
Maximum Fees
0.6%
Withdrawal Fees?
See Issuer for Details
3.4 Genius Rating
0.0 (0) User Reviews

CI Direct Investing is one of a number of robo advisors available to Canadians, being in direct competition with other companies like Wealthsimple and Questrade. It offers a good range of products and services suited to varying levels of investing and all risk tolerance profiles.

Pros
  • Good range of account types
  • Tax-loss harvesting and automatic rebalancing
  • Socially responsible investing options
  • Real support from qualified humans
  • Access to Private Investment Portfolios
Cons
  • Higher than average fees for an online brokerage
  • Transfer fees are only forgiven for large transfers, and have a cap
Provinces
See Issuer for Details
Eligibility
See Issuer for Details
Why You Want It
Access professional investment portfolios + Get expert financial advice.
Special Features
  • Access to Private Investment Portfolios with broad diversification
Types Of Accounts
  • RRSP
  • TFSA
  • Individual
  • RESP
  • Joint
  • Corporate
  • LIRA
  • RRIF
  • LIF
  • RDSP
  • HISA
  • Entity
  • Spousal RRSP
Minimum Investment
$100
Minimum Balance For Minimum Fee
$500,000
Minimum Deposit To Cover Transfer Fee
$25,000
Socially Responsible Investing Options
Yes
Email Support
Yes
Live Chat Support
Yes
Phone Support
Yes
Average MER
See Issuer for Details
Minimum Fees
0.35%
Maximum Fees
0.6%
Cover Transfer Fees?
Yes
Maximum Covered Transfer Fee
$150
Promotion
N/A
Promotion End Date
N/A
 
Minimum Investment
$5,000
Minimum Fees
0.4%
Maximum Fees
0.5%
Withdrawal Fees?
$0
3.8 Genius Rating
0.0 (0) User Reviews

Justwealth is a personal portfolio management company that takes an individual approach to investing your money. With a minimum investment of $5,000 (except for RESP and FHSA), any Canadian citizen can start an account with Justwealth and begin investing.

Pros
Cons
  • Minimum monthly fee
  • High $5,000 minimum investment
Provinces
AB, BC, MB, NB, NL, NS, ON, PE, QC, SK, YT
Eligibility
  • Canadian resident
  • Age of majority
Why You Want It
Low MER and account fees + Work with a personal portfolio manager.
Special Features
  • Personal portfolio management
  • Canadian owned
  • Covers transfer fees
Types Of Accounts
  • RRSP
  • Spousal RRSP
  • RRIF
  • TFSA
  • RESP
  • LIRA
  • LIF
  • Non-registered plan
  • FHSA
  • RDSP
  • Individual
  • Joint
Minimum Investment
$5,000
Minimum Balance For Minimum Fee
$500,000
Minimum Deposit To Cover Transfer Fee
$25,000
Socially Responsible Investing Options
Yes
Email Support
Yes
Live Chat Support
See Issuer for Details
Phone Support
Yes
Average MER
0.02%
Minimum Fees
0.4%
Maximum Fees
0.5%
Cover Transfer Fees?
Yes
Maximum Covered Transfer Fee
$150
Promotion
N/A
Promotion End Date
N/A
 
Minimum Investment
$0
Maximum Stock Fee
$9.95
Maximum ETF Fee
$9.95
Account Maintence Fees
N/A
5.0 Genius Rating
1.4 (23) User Reviews

RBC Direct Investing is an online investment brokerage owned and run by the Royal Bank of Canada. It is designed for people primarily interested in managing their own investments. They offer flat fees for most typical trades, will cover up to $200 of transfer fees if you transfer more than $15,000 into your RBC Direct Investing account, and will do trades on your behalf for a commission.

Pros
  • No minimum investment required to get started
  • Practice accounts available to try before you buy
  • Lower commissions for people who do lots of trades
  • Royal Circle Membership for high wealth investors
Cons
  • Purchasing fee for ETFs
  • $25 per quarter maintenance fee
Provinces
ALL
Eligibility
See Issuer for Details
Why You Want It
No minimum investment required to start trading
Special Features
  • Practice accounts to try out online investing risk-free
  • Active Trader Program with reduced fees and better research and tools
  • Royal Circle Membership with priority service, premium research, and preferred rates
Types Of Accounts
  • TFSA
  • RRSP
  • RRIF
  • RESP
  • Cash
  • Margin
  • Non-Personal
  • FHSA
  • LIRA
Types Of Investments
  • Stocks
  • ETFs
  • Options
  • Mutual funds
  • GICs
  • Bonds
  • New issues/IPOs
  • Gold and Silver certificates
Minimum Investment
$0
Email Support
Yes
Live Chat Support
No
Phone Support
Yes
Minimum Stock Fee
$0
Maximum Stock Fee
$9.95
Minimum ETF Fee
$0
Maximum ETF Fee
$9.95
Active Trader Stock Fee Per Trade
$6.95
Cover Transfer Fees?
Yes
Minimum Deposit To Cover Transfer Fee
$15,000
Maximum Covered Transfer Fee
$200
Withdrawal Fees?
Yes
Account Maintence Fees
N/A
Inactivity Fee Amount
N/A
Promotion Description
N/A
Promotion Max Value
$10,000
Promotion Requirements For Max Value
$Invest $15,000 as a new client
Promotion End Dates
November 28, 2025
 
Minimum Investment
$0
Maximum Stock Fee
$9.95
Maximum ETF Fee
$9.95
Account Maintence Fees
$25
4.7 Genius Rating
1.3 (32) User Reviews

If you’re experienced with managing your own investments or self-directed trading, the BMO InvestorLine online brokerage may be just what you need. With advanced tools for experienced traders, and extra perks and benefits for people with lots of money to invest, this brokerage has won several awards over the years.

Pros
  • Advanced tools for active traders
  • Exclusive “5 Star” membership for very active or very wealthy traders
  • Flat fees and (relatively) straightforward pricing
  • Live support by phone
Cons
  • Higher than average fees
  • No real tools or support for newbies
  • Quarterly account minimum fee
  • Zero welcome bonus to entice you to sign up
  • Lack of automated tools to help simplify things and save you time
Provinces
ALL
Eligibility
See Issuer for Details
Why You Want It
Flat $9.95 fee for most trades + Commision-free trades on popular ETFs.
Special Features
  • Advanced tools for active traders
  • Online demos and tutorials for new traders
  • BMO InvestorLine 5 Star Program
  • Self-Directed TFSA accounts have no minimum account balance fees
Types Of Accounts
  • TFSA
  • RRSP
  • RESP
  • RRIF
  • Individual
  • Joint
  • Cash
  • Margin
  • LIRA
  • LRSP
  • RLSP
  • LRIF
  • LIF
  • Non-personal
  • FHSA
Types Of Investments
  • Stocks
  • ETFs
  • Options
  • Mutual Funds
  • GICs
  • Bonds
  • CDRs
  • IPOs
Minimum Investment
$0
Email Support
Yes
Live Chat Support
Yes
Phone Support
Yes
Minimum Stock Fee
$9.95
Maximum Stock Fee
$9.95
Minimum ETF Fee
$9.95
Maximum ETF Fee
$9.95
Active Trader Stock Fee Per Trade
$3.95
Cover Transfer Fees?
Yes
Minimum Deposit To Cover Transfer Fee
$15,000
Maximum Covered Transfer Fee
$200
Withdrawal Fees?
Yes
Account Maintence Fees
$25
Inactivity Fee Amount
See Issuer for Details
Promotion Description
N/A
Promotion Max Value
$10,000
Promotion Requirements For Max Value
$1,000,000
Promotion End Dates
November 02, 2025
 
Estimated # Of Supported Cryptocurrencies
60+
Supports CAD?
Yes
Standard Maker Fee
0.5%
Standard Taker Fee
0.5%
4.8 Genius Rating
2.3 (19) User Reviews

In 2008, a still-unknown person developed Bitcoin (BTC), the world’s first cryptocurrency. Since then the market has exploded, now boasting over 200 cryptocurrencies. If you know what any of this means, you probably also know that there are a vast number of services that allow you to buy, sell, and trade these things, known as cryptocurrency exchanges.

Pros
  • Easy to deposit Canadian funds
  • Easy to buy cryptocurrencies with Canadian dollars
  • Reasonable trading, deposit, and withdrawal fees
  • Multi-layer security that hasn’t been directly compromised (yet)
  • Special features for high wealth or high volume traders
Cons
  • Deeply troubling and controversial corporate behaviour
  • Limited mobile app
  • Limited trading options
  • Lacklustre customer support
  • Requires 3 pieces of personally identifiable information to get started
  • Limited number of supported cryptocurrencies
Provinces
ALL
Eligibility
  • Canadian resident
  • Age of majority
  • Provide proof of identity (passport, driver's license)
  • Provide proof of address (bank statement or utility bill)
  • Valid mobile number
Why You Want It
As low as 0.50% maker and taker fees + Easily deposit Canadian funds.
Special Features
  • Mining venture arm and capital markets division for high net worth investors
  • Referral program
Estimated # Of Supported Cryptocurrencies
60+
Supports Bitcoin?
Yes
Supports Ethereum?
Yes
Supports Litecoin?
Yes
Supports XRP?
Yes
Estimated # Of Supported Fiat Currencies
1
Supports CAD?
Yes
Supports USD?
Yes
Standard Maker Fee
0.5%
Standard Taker Fee
0.5%
Active Trader Discounts Available?
No
Interac E-Transfer Deposit Fee
0%
Wire Transfer Deposit Fee
0%
Available On Desktop?
Yes
Available On IOS?
Yes
Available On Android?
Yes
Offers Staking
Yes
 

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