Financial Product Reviews
As one of the most recognized names in the tax industry, H&R Block provides one of the best tax software products in Canada on top of its in-branch services. With accuracy guarantees, one-on-one attention available from tax professionals at physical offices or online, and options for each price bracket (including free!), H&R Block seems to have thought of everything.
- Well-established and trusted industry name
- In-person, online, and drop-off filing options
- Clear, step-by-step instructions
- Ability to save your progress and return later.
- Access to seasoned tax professionals
- Free and paid services available
- Specific package designed for self-employed individuals
- Limited free support
- Free version is quite basic
- File online or in-person
- Accuracy guarantee
- Self-employed tax package
- 10 years
- 20 years
- 30 years
Serenia Life Financial offers flexible and affordable life insurance options. As a member-based organization, Serenia Life Financial provides its more than 33,000 members with valuable products, unique benefits, and investment opportunities.
- Offers term and permanent life insurance options
- Easily convertible
- Impressive list of valuable member benefits
- Bereavement counselling for beneficiaries
- Save up to $500 on first year life insurance payments
- Not available Canada-wide
- Few term lengths to choose from
- Between the ages of 18 and 70
- Canadian citizen
- Get a quote online
- Unique member benefits
- Bereavement counselling and resources for beneficiaries
- Members receive a portion of profits in the form of member benefits
- Term to 100
- Annuities
- 10 years
- 20 years
- 30 years
Trading platform Qtrade now offers their own version of an FHSA, and from the get go, it’s clearly aimed at investors who prefer to keep a close eye on their money. It allows you to keep stocks, bonds, and other investment products in your FHSA, as well as cash.
- Robust self-directed trading and investing platform
- Keep a wide variety of investments in your FHSA account
- Available everywhere in Canada
- No interest rate gain
- Mainly aimed at self-directed investors
- First-time home buyer
- Canadian resident
- 18 years or older
As savings accounts go, the Canadian Western Bank Summit Savings Account is about as basic as you can get. It has no monthly fee, you can transfer funds freely from this account to other CWB accounts you may already have, and using an EXCHANGE Network ATM is free – kind of.
Laurentian Bank is a well established financial institution based in Quebec, and the Laurentian Bank High Interest Savings Account is one of its most impressive products. Account holders can enjoy lucrative interest rates with no minimum balance requirements.
- Valuable tiered interest rates up to 3.2%
- No minimum balance requirements to waive fees
- Auto saving feature
- E-Transfer fees
- Minimum balance to earn max interest is on the higher end
- No branch locations outside of Quebec
- Be the age of majority in your province
- Be a Canadian resident
For businesses making only a handful of monthly transactions, the RBC Flex Choice Business Account Package offers a valuable way to keep expenses down. For a low monthly fee of $7.00, you'll pay a small fee for each transaction, but the accompanying perks can help you save money.
- Canadian citizen
- Age of majority
- Have a business registered in Canada
- Unlimited Moneris deposits
- Fuel savings at Petro-Canada
- Access to RBC Beyond Banking's support, products, and services
- Enhanced features on the RBC mobile app specifically for business use
The Scotiabank Select Account For Business Plan A is one of 4 plans available with the Scotiabank Select Account for business. Though it’s the lower tier, Plan A still offers a decent number of free transactions for a small businesses – and the monthly fee can be waived simply by keeping $20,000 in the account at all times.
- Ability to waive the monthly fee
- Easy to change your plan
- 20 free Interac e-Transfers
- Includes free cash deposits
- Relatively high monthly fee
- Easy to switch between Scotiabank Business Plans
- Four levels to choose from
Founded in 1844, the The Globe and Mail Home Delivery (Monday - Saturday) is a product that embodies how this publication has come a long way from its humble beginnings. What started as a single-sheet newspaper, folded to make 4 pages, is now read by 6 million people each week. Its Report on Business magazine reaches more than 2.5 million readers across print and digital platforms.
- Audio feature to read articles to you
- Exclusive events, newsletters, tools, and guides
- Unlimited digital access included
First Home Savings Accounts (FHSAs) promise to make saving for your first home easier by letting you put away up to $40,000 tax free. And EQ Bank FHSA Savings Account promises to help you get there faster by letting you earn up to 1.5% interest on your balance. This stable interest rate is ideal for home buyers who are thinking in the short term.
- Earn 1.5% tax free interest on your balance
- Next-to-no risk investment
- High-rate EQ Bank FHSA GICs also available
- Not available in Quebec
- No welcome offer
- You can’t hold any other investments besides GICs
- First-time home buyer
- Canadian resident (not in Quebec)
- 18 years or older
- Non-Cashable
The Canadian Western Bank Prestige Account is a premium bank account offering unlimited daily transactions, an exclusive credit card, a complimentary wealth planning session, and more from a well-established and trusted banking institution. Account holders also have access to a dedicated CWB Relationship Manager, and more.
- Loads of special VIP perks
- Unlimited transactions
- Free to use EXCHANGE Network ATMs
- Free and unlimited Interac e-Transfers
- Special CWB World Elite Mastercard privileges
- Prestigious account with hidden requirements
- Few physical locations
- Canadian resident
- Speak to your local banking centre for more eligibility details
- Dedicated Relationship Manager
- Exclusive credit card perks
- Exclusive investment rates
- Complimentary CWB Wealth planning session










