Compare the Best CIBC Credit Cards
CIBC offers a diverse lineup of credit cards, from flexible Aventura travel rewards and Air Canada Aeroplan cards to straightforward cash back and low-interest options. With multiple reward systems and premium tiers available, choosing the right CIBC card can feel complex.
We compare CIBC credit cards based on rewards value, fees, insurance coverage, income requirements, and long-term performance so you can select the best fit for your financial goals.
Table of content
Top CIBC Credit Cards in Canada: Quick Overview
| Category | First year value | Score | Winner | Card | Learn more |
|---|---|---|---|---|---|
| Best Overall | $501 | 4.6 | CIBC Aventura Visa Infinite Card |  | |
| Best Travel | $350 | 4.5 | CIBC Aeroplan Visa Infinite Privilege Card |  | |
| Best Cash Back | $846 | 4.5 | CIBC Dividend Visa Infinite Card |  | |
| Best No-Fee | $144 | 4.1 | CIBC Dividend Visa Card |  | |
| Best Low Interest | $0 | 3.8 | CIBC Select Visa Card |  | |
| Best Premium | $350 | 4.5 | CIBC Aeroplan Visa Infinite Privilege Card | |
Best Overall CIBC Credit Card
CIBC’s overall category focuses on cards that deliver strong, versatile rewards while remaining practical for everyday use.
These cards typically combine competitive earn rates across core spending categories, flexible redemption options, and valuable travel or lifestyle perks that appeal to a wide range of Canadian cardholders.
Our evaluation considers total first-year value, ongoing rewards potential, redemption flexibility within CIBC’s Aventura ecosystem, and the strength of included benefits.
By comparing earning structures, fees, bonuses, and usability, we identify the option that offers the most well-rounded value for the average Canadian consumer.
Winner: CIBC Aventura Visa Infinite Card
The CIBC Aventura Visa Infinite is the best overall CIBC credit card for Canadians seeking flexible travel rewards without airline restrictions.
It earns 2 points per dollar on travel booked through CIBC Rewards, 1.5 points on gas, groceries, drug stores, and EV charging, and 1 point on all other purchases.
The $139 annual fee is often rebated in the first year.
The welcome bonus of up to 45,000 Aventura points, or as high as 60,000 during promotional periods, can provide up to $900 in travel value when redeemed through CIBC Rewards with the standard 35% travel discount.
Cardholders also receive four annual airport lounge visits, a NEXUS application fee rebate of up to $160, and comprehensive travel insurance, including trip cancellation, delay, and medical coverage.
With frequent fee rebates for CIBC banking clients and broad redemption flexibility, it balances premium features with everyday accessibility.
CIBC Aventura Visa Infinite Card
A flexible travel rewards card that delivers strong earn rates, broad redemption options, and valuable perks without tying you to a single airline.
Why it wins:
A versatile travel card offering strong earn rates, flexible redemptions, and valuable travel perks without tying users to one airline.
Best for:
Travelers who want flexibility and solid rewards across multiple spending categories.
Not ideal if:
You exclusively fly Air Canada or want premium lounge access year-round.
Alternatives to compare:
- CIBC Aeroplan Visa Infinite: Strong Air Canada perks for Aeroplan collectors.
- CIBC Dividend Visa Infinite: For households that prefer cash back simplicity.
CIBC Aventura Visa Infinite Card – CIBC
Estimated rewards for the first year*
CIBC Aventura Visa Infinite Card – CIBC
Estimated rewards for subsequent years*
Best CIBC Travel Credit Card
CIBC travel credit cards are built around two reward ecosystems: Aventura for flexible, airline-agnostic redemptions, and Aeroplan for travelers loyal to Air Canada.
These cards focus on strong travel earning rates, airport perks, and comprehensive insurance that supports everything from weekend getaways to long-haul international trips.
Together, the lineup offers options that balance flexibility, loyalty benefits, and premium travel experiences.
This category focuses on total travel value, taking into account lounge access, insurance depth, status-related benefits, and first-year incentives.
Within CIBC’s lineup, one option stands out for delivering the most complete travel experience for frequent flyers.
Winner: CIBC Aeroplan Visa Infinite Privilege Card
The CIBC Aeroplan Visa Infinite Privilege is the top travel card for Canadians who frequently fly Air Canada and value elite travel experiences.
It earns 2 Aeroplan points per dollar on Air Canada and Air Canada Vacations, 1.5 points on travel, dining, gas, EV charging, and groceries, and 1.25 points on all other purchases.
The $599 annual fee is offset by premium benefits, including unlimited Maple Leaf Lounge access, six annual Airport Companion visits, priority check-in and boarding, and free first checked bags for the cardholder and companions.
With up to 85,000 welcome points and a companion pass, this card offers more than $1,700 in potential first-year travel value.
It also accelerates Aeroplan Elite Status qualification through spending, making it ideal for frequent flyers.
CIBC Aeroplan Visa Infinite Privilege Card
A premium Aeroplan travel card offering elite Air Canada perks, high earn rates, and unlimited lounge access for Canadians who want a top-tier flying experience.
Why it wins:
Unmatched travel benefits, high earn rates, and Air Canada loyalty perks make it a standout for premium travelers.
Best for:
Frequent Air Canada flyers who want elite perks and all-inclusive travel protection.
Not ideal if:
You do not fly Air Canada often or prefer lower annual fees.
Alternatives to compare:
- CIBC Aventura Visa Infinite: Flexible rewards with a lower annual fee.
- CIBC Aeroplan Visa Infinite: Core Aeroplan benefits for moderate travelers.
CIBC Aeroplan Visa Infinite Privilege Card – CIBC
Estimated rewards for the first year*
CIBC Aeroplan Visa Infinite Privilege Card – CIBC
Estimated rewards for subsequent years*
Best CIBC Cash Back Credit Card
CIBC’s cash back lineup focuses on simple, everyday value without the complexity of points programs.
The Dividend series rewards essential spending like groceries, gas, dining, and recurring bills, making it a strong fit for households that want predictable, easy-to-use savings on routine purchases.
This category emphasizes net cash value, weighing earn rates, annual fees, introductory offers, and the flexibility to redeem cash back at any time.
Among CIBC’s options, one card delivers the strongest combination of high-category bonuses and practical day-to-day perks.
Winner: CIBC Dividend Visa Infinite Card
The CIBC Dividend Visa Infinite is the best cash back card for Canadians who want high returns on everyday essentials.
It earns 4% cash back on gas and groceries, 2% on dining, daily transit, and recurring bills, and 1% on all other purchases.
The $120 annual fee is frequently rebated in the first year, and introductory offers of 10% cash back provide extra first-year value.
Cash back can be redeemed anytime as a statement credit through online or mobile banking, and the card includes mobile device insurance, travel medical coverage, and flight delay protection.
CIBC Dividend Visa Infinite Card
A high-earning cash back card that delivers strong returns on everyday essentials plus practical insurance benefits for busy Canadian households.
Why it wins:
Strong grocery and gas earn rates, simple redemptions, and practical insurance make it a top pick for busy households.
Best for:
Families with high grocery and gas spending who value convenience.
Not ideal if:
You prefer travel rewards or rarely spend in bonus categories.
Alternatives to compare:
- CIBC Dividend Platinum Visa: Lower-tier version with smaller fees and broader approval.
- CIBC Aventura Visa Infinite: Better for travel-focused users.
CIBC Dividend Visa Infinite Card – CIBC
Estimated rewards for the first year*
CIBC Dividend Visa Infinite Card – CIBC
Estimated rewards for subsequent years*
Best No-Fee CIBC Credit Card
CIBC’s no-fee credit cards are designed for users who want everyday rewards without the commitment of an annual fee.
These cards appeal to newcomers, students, and budget-conscious spenders who value simplicity and predictable cash back on routine purchases.
This category highlights options that balance accessibility with practical benefits, considering factors such as earn rates, redemption flexibility, included protections, and overall ease of use.
Within CIBC’s lineup, one no-fee card offers the strongest combination of straightforward rewards and everyday utility.
Winner: CIBC Dividend Visa Card
The CIBC Dividend Visa Card is the best no-fee credit card for Canadians who want straightforward rewards without annual costs.
It earns 0.5% cash back on all purchases, with no limits or category restrictions.
Cardholders can redeem cash back anytime as a statement credit, and enjoy basic coverage such as purchase protection, extended warranty, and travel medical insurance.
Welcome bonuses vary but often add to the first-year value, making this a practical starter card.
CIBC Dividend Visa Card
A no-fee starter card offering simple flat-rate cash back and basic protections for Canadians who want easy, everyday rewards without extra costs.
Why it wins:
Simple cash back earnings and no annual fee make it a solid choice for light spenders or newcomers to credit.
Best for:
Budget-conscious users who want consistent rewards without fees.
Not ideal if:
You want high-category bonuses or premium travel perks.
Alternatives to compare:
- CIBC Dividend Platinum Visa: Higher cash back potential for moderate spenders.
- CIBC Aventura Visa: Better for those looking to earn travel points.
CIBC Dividend Visa Card – CIBC
Estimated rewards for the first year*
CIBC Dividend Visa Card – CIBC
Estimated rewards for subsequent years*
Best CIBC Low Interest Credit Card
Low-interest credit cards from CIBC are designed for Canadians who carry balances or want a more affordable way to consolidate debt.
These cards focus on reducing borrowing costs through lower APRs and promotional balance transfer offers, making them far more cost-effective than rewards cards when interest charges are a concern.
This category emphasizes long-term savings, weighing everyday APRs, balance transfer promotions, annual fees, and included protections.
Among CIBC’s offerings, one card stands out for delivering the most meaningful interest relief for balance-carrying users.
Winner: CIBC Select Visa Card
The CIBC Select Visa Card is the best low-interest option for Canadians managing balances or consolidating debt.
It offers a 13.99% fixed APR on purchases, balance transfers, and cash advances, plus a 0% balance transfer rate for 10 months with a 1% transfer fee.
The $29 annual fee is often rebated in the first year, and the card includes basic purchase protection and extended warranty coverage.
For a $5,000 balance transfer, users pay only a $50 fee and can save over $500 in interest compared to standard-rate cards.
CIBC Select Visa Card
A low-interest card designed to reduce borrowing costs with a fixed 13.99% APR and affordable balance transfer options for Canadians carrying debt.
Why it wins:
A simple, low-cost card that helps borrowers save on interest while paying down balances efficiently.
Best for:
Consumers consolidating high-interest debt or managing large purchases.
Not ideal if:
You always pay your balance in full and could earn rewards instead.
Alternatives to compare:
- MBNA True Line Mastercard: Longer 0% transfer promotions for qualified applicants.
- CIBC Dividend Visa Card: A solid pairing for everyday rewards.
CIBC Select Visa Card – CIBC
Estimated rewards for the first year*
CIBC Select Visa Card – CIBC
Estimated rewards for subsequent years*
Best CIBC Premium Credit Card
CIBC’s premium credit cards are built for frequent travelers who want elevated comfort, strong travel protections, and exclusive access to airport services.
These cards emphasize high earn rates, luxury perks, and extensive insurance coverage, making them well-suited for Canadians who value a more seamless and upgraded travel experience.
This category highlights premium options that justify their higher annual fees through lounge access, priority airport services, enhanced Aeroplan benefits, and valuable redemption opportunities.
Within CIBC’s lineup, one card delivers the most comprehensive package for travelers seeking top-tier perks.
Winner: CIBC Aeroplan Visa Infinite Privilege Card
The CIBC Aeroplan Visa Infinite Privilege is CIBC’s flagship premium credit card, offering elite-level benefits and exceptional Air Canada value.
It provides unlimited Maple Leaf Lounge access, six Airport Companion visits, priority airport services, first checked bags free, and the ability to earn toward Aeroplan Elite Status through everyday spending.
The $599 annual fee is easily offset by frequent use of lounges, free baggage, and valuable Aeroplan redemptions.
CIBC Aeroplan Visa Infinite Privilege Card
A top-tier Aeroplan card delivering luxury travel perks, unlimited lounge access, and elite Air Canada benefits for frequent flyers who want a fully upgraded experience.
Why it wins:
The ultimate choice for frequent travelers seeking luxury benefits, strong insurance, and elevated Air Canada experiences.
Best for:
High-income Air Canada travelers who value comfort and convenience.
Not ideal if:
You prefer a no-fee or flexible travel card.
Alternatives to compare:
- CIBC Aventura Visa Infinite Privilege: Flexible travel perks for non-Air Canada flyers.
- CIBC Aeroplan Visa Infinite: Affordable premium alternative with core Aeroplan benefits.
CIBC Aeroplan Visa Infinite Privilege Card – CIBC
Estimated rewards for the first year*
CIBC Aeroplan Visa Infinite Privilege Card – CIBC
Estimated rewards for subsequent years*
CIBC Credit Cards by Network Type
CIBC partners primarily with Visa, offering the majority of their credit cards on the Visa network. The notable exception is the cibc costco mastercard, which operates on the Mastercard network due to Costco’s exclusive Mastercard acceptance policy in Canada.
| Network | CIBC Card Name | Credit Score Required | Great Features |
|---|---|---|---|
| Visa | Aventura Visa Infinite | Good-Excellent (680+) | Visa Infinite benefits, airport companion program |
| Visa | Aeroplan Visa Infinite Privilege | Excellent (720+) | Visa Infinite Privilege perks, global acceptance |
| Visa | Dividend Visa Infinite | Good-Excellent (680+) | Visa Infinite services, mobile device insurance |
| Visa | Select Visa Card | Fair-Good (600+) | Wide acceptance, balance transfer options |
| Mastercard | Costco Mastercard | Fair-Good (600+) | Mastercard benefits, Costco rewards integration |
Pros & Cons
Pros
- ✅ Strong rewards programs with Aventura and Aeroplan offering competitive earn rates and flexible redemption options.
- ✅ Big Six bank stability and nationwide branch network for dependable service.
- ✅ Comprehensive insurance coverage on premium cards, including travel medical and trip cancellation.
- ✅ Seamless mobile banking integration for easy account management and rewards redemption.
- ✅ Extensive branch support for in-person assistance across Canada.
Cons
- ❌ Higher income requirements for Visa Infinite and Infinite Privilege cards.
- ❌ Limited no-fee options compared to some competitors.
- ❌ Different terms in Quebec with separate fees and interest rates due to provincial rules.
- ❌ High annual fees on top-tier travel and premium cards.
Aventura Points vs Aeroplan Miles: Which CIBC Program?
CIBC offers two distinct travel rewards ecosystems that cater to different priorities and travel styles. Understanding the differences between Aventura and Aeroplan can help you choose the program that best matches your goals.
-
01
Aventura: Flexibility and Simplicity
The Aventura program is designed for travellers who want freedom and predictability. Points can be redeemed with any airline without blackout dates, making trip planning easy and flexible.
The fixed-value flight chart provides consistent redemption rates, so you always know what your points are worth. This simplicity appeals to casual travellers who value straightforward rewards and don’t want to navigate complex airline pricing systems.
-
02
Aeroplan: Loyalty and Premium Benefits
Aeroplan caters to frequent Air Canada flyers who value access, comfort, and elite perks. Spending on Aeroplan cards earns Status Qualifying Miles and Segments, helping members progress toward Aeroplan Elite Status.
Benefits include Maple Leaf Lounge access, priority boarding, and free checked bags for the cardholder and companions. With its Star Alliance partnership, Aeroplan offers a global network of destinations, and premium cabin redemptions can deliver outstanding value exceeding three cents per mile.
Understanding the Real Cost of Your CIBC Credit Card
Should You Pay an Annual Fee for CIBC Cards?
Annual fee justification requires calculating total value received versus cost incurred:
Break-Even Analysis Examples:
Dividend Visa Infinite ($120 fee)
- Need $3,000 in 4% categories (groceries/gas) to earn $120
- Most households exceed this threshold easily
- Additional 2% and 1% earnings provide surplus value
Aventura Visa Infinite ($139 fee, often rebated)
- Welcome bonus alone (~60,000 points) provides $1,200+ value potential
- Ongoing rewards easily justify fee for moderate spenders
- Lounge access adds $150+ value for travelers
Aeroplan Infinite Privilege ($599 fee)
- Requires substantial Air Canada spending or high valuation of premium benefits
- Free bags for family can save $400+ annually
- Lounge access worth $200–400 for frequent travelers
Fee Avoidance Strategies
- Bundle with CIBC banking packages for first-year rebates
- Take advantage of limited-time promotional offers
- Calculate total relationship value across all CIBC products
Do You Carry a Balance on Credit Cards?
Balance carrying fundamentally changes the optimal credit card choice, as interest charges can quickly overwhelm rewards value.
When to Choose Low Interest
If you carry balances exceeding $1,000 for more than two months annually, the cibc select visa card’s 13.99% APR typically provides more value than rewards cards charging 19.99%+ interest.
Balance Transfer Strategy
The 0% promotional rate for 10 months on balance transfers allows debt consolidation with minimal interest costs, though the 1% transfer fee should be factored into savings calculations.
Interest Cost Calculator Example
Carrying a $3,000 balance at 21% costs approximately $630 annually in interest, far exceeding potential rewards from even premium cards. The Select Visa’s 13.99% rate reduces this to $420, saving $210 annually before considering promotional rates.
CIBC Income Requirements & Eligibility
CIBC credit cards are structured around specific income and eligibility criteria that determine which cards applicants can qualify for. These requirements vary depending on the card tier, from entry-level options to premium Visa Infinite Privilege cards.
-
Income Requirements by Card Tier
CIBC sets clear income thresholds that reflect the benefits and target markets of each product. Basic cards typically require a minimum personal income of $15,000. Mid-tier Visa Infinite cards are accessible to applicants with at least $60,000 in personal income or $100,000 in household income. The highest tier, Visa Infinite Privilege, is reserved for those earning $150,000 or more individually, or $200,000 at the household level.
-
Additional Eligibility Factors
In addition to income, CIBC evaluates several other factors to determine eligibility. Applicants must be of the age of majority in their province of residence and either Canadian citizens or permanent residents. Maintaining good standing with existing CIBC accounts strengthens an application, and the bank also assesses each applicant’s debt-to-income ratio to ensure they can manage new credit responsibly.
-
Tips for Meeting Requirements
Applicants seeking approval for higher-tier cards can take steps to improve their chances. It helps to include all verifiable income sources – such as employment, investments, or a spouse’s income for household applications – when applying. Becoming an authorized user on a family member’s account can help build a positive credit history, while developing a broader relationship with CIBC through other financial products may also increase eligibility for premium cards.
What to Consider Before Choosing a CIBC Credit Card
-
Spending Pattern Alignment
Analyze your monthly expenses across bonus categories:
- Groceries and gas: Favor Dividend cards with 4% rates
- Travel and dining: Consider Aventura cards with enhanced earning
- Air Canada spending: Aeroplan cards provide optimal value
-
Welcome Bonus vs Long-Term Value
While welcome bonuses provide immediate value, ongoing earning rates determine long-term satisfaction. Prioritize cards matching your permanent spending patterns rather than chasing short-term bonuses.
-
Insurance Coverage Needs
Premium CIBC cards include comprehensive travel medical, trip cancellation, and purchase protection. Evaluate whether these benefits replace standalone insurance policies and factor savings into value calculations.
-
Banking Relationship Benefits
CIBC customers often receive preferential pricing, annual fee rebates, and enhanced customer service. Consider total relationship value beyond individual credit card features.
-
Network Acceptance Requirements
While Visa enjoys broader global acceptance than Mastercard, both networks are universally accepted in Canada. International travelers may prefer Visa for broader merchant acceptance in developing markets.
-
Branch and Customer Service Access
CIBC’s nationwide branch network provides in-person support for account issues, disputes, and complex transactions. Online and mobile banking capabilities handle routine management efficiently.
FAQs about CIBC Credit Cards
-
What credit score do I need for CIBC Aventura cards?
CIBC Aventura cards typically require good to excellent credit (680+), with the Aventura Visa Infinite requiring higher scores and income verification due to Visa Infinite eligibility requirements.
-
How do Aventura points compare to Aeroplan miles?
Aventura points offer fixed-value redemptions through the flight chart (up to 2.3¢ per point) with any airline, while Aeroplan miles provide variable value (1.5-3¢+ per mile) but require Air Canada or Star Alliance redemptions.
-
Does CIBC offer no annual fee rewards cards?
Yes, the cibc dividend visa card provides 0.5% cash back on all purchases with no annual fee, though earning rates are lower than premium alternatives.
-
Can I transfer balances to CIBC credit cards?
The cibc select visa card offers promotional 0% balance transfer rates for 10 months with a 1% transfer fee, allowing debt consolidation from higher-rate cards.
-
What insurance coverage comes with CIBC cards?
Coverage varies by card tier, from basic purchase protection on entry-level cards to comprehensive travel medical, trip cancellation, and rental car coverage on premium cards.
-
How do I redeem CIBC Aventura points for maximum value?
Use the Aventura Flight Chart for fixed-value flight redemptions (best value) or redeem for statement credits against travel purchases for maximum flexibility.
-
Are CIBC credit cards accepted everywhere Visa is accepted?
Yes, CIBC Visa cards are accepted at all merchants that accept Visa payments globally, with no restrictions on the CIBC-specific features.
Final Thoughts
CIBC delivers a well-rounded credit card portfolio that balances strong rewards programs with the dependability of a major Canadian bank.
Whether you value the flexibility of Aventura, the Air Canada benefits of Aeroplan, or straightforward cash back through the Dividend series, CIBC cards provide reliable earning potential and comprehensive protection.
While higher income thresholds and fewer no-fee options may deter some applicants, the overall package appeals to those seeking integration within a trusted banking relationship.
For Canadians who prefer to keep their credit cards and day-to-day banking under one roof, CIBC remains a dependable and rewarding choice.
Mathieu Laliberte-Robert
Mathieu is a finance and digital marketing professional with experience across banking, investment services, and financial product marketing. He previously worked with organizations such as National Bank, Manulife Securities, and Accenture. He is part of the leadership team at Hardbacon, where he contributes to editorial strategy and financial content aimed at helping Canadians make informed decisions.
Insights and Useful Articles
Hardbacon makes managing your money easier by combining comprehensive financial tools, unbiased comparisons and personalized insights.
Wealthsimple Prepaid Mastercard: My Experience with Wealthsimple Chequing account
Wealthsimple is a Canadian fintech known for its investment app. Today, it offers many other products. I’ve had a Wealthsimple account for several years and applied for the Wealthsimple prepaid Mastercard in August 2025. How does it compare with the…
KOHO Mastercard Versus Wealthsimple Cash: Which Prepaid Card Is Right for You?
KOHO and Wealthsimple are some of the first names that come to mind when you think of prepaid cards in Canada. These two companies are often compared despite the fact that they are not similar. On the one hand, KOHO…
The 8 Best Black Credit Cards in Canada
Black credit cards are the ultimate status symbol. Often rare and exclusive, they’re designed for the rich and are considered prestigious. Plus, they come with some great perks including special discounts and premium benefits not available with a standard card.…
The 8 Easiest Credit Cards to Get in Canada
Qualifying for a new credit card can be tough. What are the easiest credit cards to get in Canada? Whether you have insufficient credit history or a poor credit score, it can be difficult to determine exactly which cards you…
The CIBC Costco Credit Card: Benefits and Alternatives
The CIBC Costco credit card comes with great rewards and can reduce your bill if you shop at Costco often. But if you shop at several different locations, take the time to compare it to other store credit cards. Quick…
The 25 Best Canadian Coupon Sites and Apps in Canada
Whether you need to or just like to save, there are countless canadian coupon sites and apps that offer the same thing: savings, points, coupons, or some combination of the three. In times like these, saving money is at the…
The 5 Best Websites to Sell Gift Cards in Canada
Gee, thanks for the gift card. I mean, a gift card is a nice gift to receive but it may not always be the right one. There are many reasons why someone may wish to sell gift cards in Canada.…
How Much Does it Cost to Support a Future Figure Skating Athlete?
With only 1 in 5 young people in Quebec considered active, the cost of recreational sports is one of the main factors holding them back. Having the support of their parents, on the other hand, acts as a propellant for…
Where did My Money Go: The Financial Reality of Raising a Hockey Player in Canada
In collaboration with Royal Bank Of Canada In Canada, hockey isn’t just a sport – it’s a way of life. From backyard rinks to bustling arenas, the echoes of skates slicing through the ice are a familiar soundtrack across the…
Canadian Inflation: Adjusting to the New Reality of High Prices
For some years now, the majority of Canadians have been struggling to feed their families decently. While high prices seem here to stay, what can you do to prevent them from wreaking havoc on your life? The cost of living…
The 5 Easiest Banks to Get a Loan From in Canada
If you have ever found yourself in need of a personal loan, you probably found that different banks have different criteria for being approved. When you are in a financial pinch, you want to know exactly which institution will approve…
KOHO vs EQ Bank: Which One Takes the Crown?
It’s time to compare two of Canada’s leading neobanks – KOHO vs EQ Bank. Loyalty is an excellent quality to have, except when it comes to your cash. Sticking to one of the Big Five without exploring other options is…
The 10 Best Banks for Students in Canada
The best bank for students in Canada shouldn’t just give you a free account with unlimited transactions, it should reward you too. Why? Because people rarely change banks, even when there are better deals out there. That makes you a…
KOHO vs Neo Financial: Who Wins the Battle for Your Buck?
Both KOHO and Neo are Canadian fintech startups that offer out-of-the-box digital banking services. These two platforms are becoming increasingly popular among millennials and younger Canadians because they provide an alternative to traditional banking with low or no fees, a…
The 6 Best Online Banks in Canada for 2024
Online banks are digital institutions that do not rely on physical branches. With lower operating costs than their brick-and-mortar counterparts, online banks are able to pass the savings on to us in the form of lower fees and higher interest…
The 8 Best Options Trading Platforms in Canada
Navigating the labyrinthine world of options trading can be a daunting task in Canada. From the uninitiated beginner to the seasoned investor, everyone needs a reliable platform that aligns with their trading goals, offers robust tools, and doesn’t break the…
Questrade VS Wealthsimple: Which Online Broker Should You Choose?
Online brokerage has grown in popularity in recent years, driving down trading costs between fiercely competitive platforms. There are now a wide variety of online brokers on the Canadian market, with different prices, features and tools. With the arrival of…
A review of Wealthsimple
Wealthsimple is an online investing service founded by Michael Katchen in 2014 in Toronto. Today the company has over $70 billion in assets under administration. Wealthsimple stood out from the start by offering smart and simple investing without the high…
Understanding Canadian ETFs to Increase your Wealth
Exchange-traded funds (ETFs) are the new darling of self-directed investors. Although they were first introduced several years ago, the democratization of investing has made it easier than ever to buy ETFs. Are ETFs really beneficial? What are their limitations? How…
How to Use the RRSP to Save on Taxes and Retire Rich
A registered retirement saving plan (RRSP) is, for most of us, the first step towards saving for our golden years. The RRSP is a registered investment account that carries many tax benefits. The primary purpose is to shelter a portion…
The 5 Best Free Canadian Tax Softwares
For most people, doing their taxes is a thankless task. Fortunately, there are free tax software programs that make it easy to calculate and file your taxes online. We recommend that you choose a software that is easy to use,…
The 6 Best Tax Return Software in Canada
To file quickly, easily, and without a blinding migraine, choosing the best tax return software in Canada is crucial. Tax season is the most dreaded time of year, with many of us hoping to bypass the annual state of confusion…
The New Guide to Old Age Security
What is Old Age Security? Times are tough, especially when you stop working. Your income goes down while prices go up. Old Age Security (OAS), sometimes called Old Age Pension, is money you might receive from the government when you…
What Is the Cost of a Divorce in Canada?
Going through a divorce can drain you emotionally and financially. By understanding the costs involved, you can decide what to fight for and what to do yourself. In Canada, divorce costs can vary from $1,000 to $25,000 and up, depending…
Ontario Staycation Tax Credit: What You Need To Know in 2022
If you are a resident of Ontario and are planning a short trip anytime soon, you may consider opting for a staycation in the province. At least you get to receive some money back from the Ontario government for enjoying…
Your Financial Journey Starts Here
Sign up for our newsletter and take control of your money, your way. Access exclusive tips, tools and personalized insights delivered straight to your inbox.
Thank you for subscribing to Hardbacon’s newsletter!
