Financial Product Reviews
Fee Per Basic Return
$0
Free Version Available?
Import Prior Year Data?
Accuracy Guarantee
Wealthsimple Tax (formerly SimpleTax) is free Canadian tax software that aims to make filing your taxes easy. There’s no downloading necessary – you can go through the process right in your internet browser with step-by-step instructions and auto-fill features. And with maximum refund and accuracy guarantees in place – it’s worth giving it a shot. You’ll even be able to transfer prior year data, an option only available on a handful of other tax software.
Pros
- It's free to use
- 100% accuracy guarantee
- Support for all provinces – even Quebec
- Covers simple tax situations, plus some complex ones
- Ability to import prior year data
Cons
- Support is through email only
- There is no app
- Limit of 20 returns per account
Provinces
ALL
Eligibility
- Canadian citizen
Why You Want It
Easily file your taxes for free + Get a 100% accuracy guarantee.
Special Features
- Maximum refund guarantee
- RRSP calculator
- Auto-fill available
Fee Per Basic Return
$0
Free Version Available?
Requirements For Free Version
- Always
Import Prior Year Data?
Import Prior Year Data From Another App?
Free Support Available?
Accuracy Guarantee
Mobile App?
Access To Tax Expert
Monthly Fee
$0
Mobile App
Available Retailers Estimate
750
Minimum Balance To Cash Out
$5.01
Rakuten Canada has long been one of Canada's favourite cash back sites, thanks to its wide range of over 750 retail partners and legit cash back opportunities. Over the last 10 years, it’s paid out more than $100 million to Canadians, which shows how popular Rakuten Canada really is.
Pros
- It's so easy to earn free money
- More than 750 partnering stores and services
- Browse and earn with the Gift Card Shop
- Welcome bonus and referral program
Cons
- Rewards are only paid out 4 times per year
- Tricky exceptions for cash back purchases
- Cash back amounts change without notice
Provinces
ALL
Eligibility
See Issuer for Details
Why You Want It
Earn cash back with over 750 retail partners + $5 sign up bonus.
Special Features
- Link a credit card and get cash back when shopping in-store
- Rakuten Button browser extension provides automatic cash back alerts
- Impressive $30 referral bonus
Monthly Fee
$0
Mobile App
Available Retailers Estimate
750
Pay Via Cheque?
Pay Via PayPal?
Pay Via Amazon?
Pay Via Gift Cards?
Pay Via Electronic Fund Transfer?
Minimum Balance To Cash Out
$5.01
Pay Frequency
After a certain amount of time
Limited Payment Wait
Quarterly
Welcome Bonus
$5
Welcome Bonus End Date
N/A
Refer A Friend Offer
30
Flexible Terms
Minimum Loan Amount
$300
Maximum Loan Amount
$5,000
APR Range
34.37%
MogoMoney (which is what the Mogo loans service is called) offers flexible unsecured loans that are quick and easy to get. A part of the interesting product line offered by Mogo Financial, you can get pre-approved in as little as 3 minutes. Plus by making an account, you'll get free access to your credit score.
Pros
- Applying is quick and easy
- Mogo loans available for people with "meh" credit scores
- 100-day test drive
- Flexible terms so you can pay your loan off anytime
- Modern app to keep track of your payments and principal
Cons
- Very high interest rate of 34.37%
- Lack of customer service
- Questionable marketing tactics
Provinces
BC, AB, ON, NB, MB, NL, NS, PE
Eligibility
- Resident of Canada
- Must have a credit profile
- Loans available for "meh" credit scores
Why You Want It
Take out your loan for a 100-day test drive + Get pre-approved in 3 minutes.
Special Features
- 100 day trial
- Access to credit score
- Receive your loan as soon as the same day
- No impact to your credit score when checking if you qualify
- On-time payments give you access to higher loan amounts
Pre-approval
Flexible Terms
Loan Amounts
$300-$5,000
APR Range
34.37%
Term Range
Open line of credit
Minimum Credit Score
N/A
Secured Available
Minimum Investment
$0
Minimum Fees
0.2%
Maximum Fees
0.5%
Withdrawal Fees?
$0
Wealthsimple managed investing is a robo advising investment platform from one of Canada's favourite online brokerages, Wealthsimple. It offers a hands-off investment experience with no paperwork and no account minimums – a huge draw for anyone who's new to the world of investing or simply trying to make smart choices with minimal funds.
Pros
- Easy to understand fees
- The set-and-forget-it simplicity
- A good array of account types that can grow with you
- Extraordinary security for your money and accounts
- Grow into Wealthsimple Premium
- Socially responsible and Halal investment options available
Cons
- Higher account management fees
- Limited tools
- Talking to a human can be tricky
Provinces
ALL
Eligibility
See Issuer for Details
Why You Want It
Get $25 + Set-it-and-forget-it simplicity.
Special Features
- Provides socially responsible and Halal investment options
- Can connect your account to Mint for easy budgeting
- Get a dedicated team of advisors if you have more than $500,000 in assets
Types Of Accounts
- RRSP
- TFSA
- Personal
- RESP
- RRIF
- LIRA
- Joint
- Business
- FHSA
Minimum Investment
$0
Minimum Balance For Minimum Fee
$10,000,000
Minimum Deposit To Cover Transfer Fee
$15,000
Socially Responsible Investing Options
Email Support
Live Chat Support
Phone Support
Average MER
0.31%
Minimum Fees
0.2%
Maximum Fees
0.5%
Cover Transfer Fees?
Maximum Covered Transfer Fee
$150
Promotion
$25
Promotion End Date
N/A
Minimum Investment
$0
Maximum Stock Fee
$0
Maximum ETF Fee
$0
Account Maintence Fees
$0
Questrade is one of Canada's most popular online brokers. Its surprisingly low fees and utter transparency regarding all costs are intriguing and refreshing for potential investors, and thoroughly enjoyed by its current clients too.
Pros
- Total transparency with fees
- Surprisingly low fees
- Lots of investment account and product choices
- Plenty of convenient methods for support
Cons
- Limited amount of time to report fraud for full reimbursement
Provinces
ALL
Eligibility
See Issuer for Details
Why You Want It
$50 bonus for funding a new account, and $0 commissions on stocks & ETFs
Special Features
- Excellent array of investing and trading tools
- Trade ETFs for $0
- Commission-free stock trades
Types Of Accounts
- TFSA
- RRSP
- Spousal RRSP
- LIRA
- Locked-In RRSP
- RIF
- LIF
- RESP
- Family RESP
- Corporate
- Investment Club
- Partnership
- Sole Propietorship
- Individual Informal Trust
- Joint Informal Trust
- Formal Trust
- Individual Margin
- Joint Margin
- Individual Forex & CFDs
- Joint Forex & CFDs
- FHSA
Types Of Investments
- Stocks
- ETFs
- Options
- FX
- IPOs
- CFDs
- Mutual Funds
- Bonds
- GICs
- International Equities
- Precious Metals
Minimum Investment
$0
Email Support
Live Chat Support
Phone Support
Minimum Stock Fee
$0
Maximum Stock Fee
$0
Minimum ETF Fee
$0
Maximum ETF Fee
$0
Active Trader Stock Fee Per Trade
$0
Cover Transfer Fees?
Minimum Deposit To Cover Transfer Fee
$0
Maximum Covered Transfer Fee
$150
Withdrawal Fees?
Account Maintence Fees
$0
Inactivity Fee Amount
$0
Promotion Description
N/A
Promotion Max Value
N/A
Promotion Requirements For Max Value
N/A
Promotion End Dates
N/A
Flexible Terms
Minimum Loan Amount
N/A
Maximum Loan Amount
$60,000
APR Range
8.99%-46.96%
LoanConnect is a Canadian loan search engine that can connect you with an unsecured personal loan in minutes. With 12 types of loans available and interest rates starting at only 8.99%, you can compare your options without taking a hit to your credit score.
Pros
- Free to use
- Loans available for all credit scores
- 12 different types of loans to search for
- Interest rates as low as 8.99%
- Loans available from $500 to $60,000
- No effect on your credit score
- Available to all of Canada
Cons
- Make sure to pay attention to the interest rate
- Potential for bias in search results
- Limited amount of lenders compared
Provinces
ALL
Eligibility
- Canadian citizen
- Age of majority
Why You Want It
Flexible loan options from $500 to $60,000 + Interest rates start at 8.99%.
Special Features
- Loans available for all credit scores
- Compares several different lenders
Pre-approval
Flexible Terms
Loan Amounts
Up to 60,000
APR Range
8.99%-46.96%
Term Range
3-120 months
Minimum Credit Score
N/A
Secured Available
Minimum Balance To Waive Fee
$0
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$0.00
The Tangerine Chequing Account is a free, full-featured option that makes banking simple and stress-free. With no monthly fees, no transaction fees, and convenient access to Scotiabank’s extensive coast-to-coast ATM network, it’s easy to see why this account stands out. Setting it up is quick, using it is intuitive, and managing your money online has never been easier.
Pros
- No monthly fee
- Unlimited free transfers
- No minimum balance requirement
- Pairs well with a Tangerine Savings Account
- Welcome bonus available
Cons
- Advertised interest rates are misleading
- Limited free cheques
- High non-affiliated ATM fees
- Limitations of an online bank
Provinces
ALL
Eligibility
- Age of majority
- Canadian citizen
Why You Want It
Get unlimited free transactions for no monthly fee + Earn up to 0.1% interest.
Special Features
- Automatically categorizes your spending
- Free first book of 50 cheques
Minimum Balance To Waive Fee
$0
# Of Free Monthly Transactions
Unlimited
# Of Free Monthly Interac E-Transfers
Unlimited
Monthly Fee
$0.00
Excess Transaction Fee
$0.00
Excess Interac E-Transfer Fee
$0.00
Maximum Credit Card Annual Fee Waiver
N/A
Maximum Welcome Bonus
$250
Promo End Date
October 31, 2025
Physical Locations
Automatic Budgeting System
Minimum Interest Rate
0.01%
Earn Rewards On Debit Purchases
Free Cheques
Free Bank Drafts
Max Rebates For Other Accounts
N/A
Discounts For Seniors
Discounts For Youth
Other Discounts
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