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Updated November 2025

Financial Guide for Newcomers to Canada

No affiliate links. No biased reviews. No Paywalls. Just comprehensive research and genuine recommendations based on what's actually best for you—not what pays us the most.

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Compare the Best Credit Cards, Bank Accounts & Investments in Canada

Updated November 2025
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#1

American Express Cobalt® Card

Welcome Bonus: 15,000 Membership Rewards® points
Annual Fee: $155.88 ($12.99/month)
Interest Rate: 21.99%
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#2

President's Choice Financial® World Elite Mastercard®

Welcome Bonus: 20,000 PC Optimum points
Annual Fee: $120 (first year waived)
Interest Rate: 26.99%
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#3

Scotiabank Gold American Express® Card

Welcome Bonus: 50,000 Scene+ points (up to $1,050 value)
Annual Fee: $120 (first year waived)
Interest Rate: 20.99%
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#4

SimplyCash® Preferred Card from American Express

Welcome Bonus: 10% cash back for first 3 months (up to $200)
Annual Fee: $119.88 (varies by province)
Interest Rate: 21.99%
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#5

BMO Eclipse Visa Infinite* Card

Welcome Bonus: Up to 70,000 bonus points
Annual Fee: $120 (first year waived)
Interest Rate: 21.99%
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#1

CIBC Dividend® Visa Infinite

Welcome Bonus: 10% cash back for first 4 months (up to $200)
Annual Fee: $120 (first year waived)
Interest Rate: 21.99%
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#2

SimplyCash® Preferred Card from American Express

Welcome Bonus: 10% cash back for first 3 months (up to $200)
Annual Fee: $119.88
Interest Rate: 21.99%
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#3

Scotiabank Momentum® VISA Infinite

Welcome Bonus: 10% cash back for first 3 months (up to $200)
Annual Fee: $120 (first year waived)
Interest Rate: 20.99%
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#4

TD Cash Back Visa Infinite Card

Welcome Bonus: 10% cash back for first 3 months (up to $350)
Annual Fee: $139 (first year waived)
Interest Rate: 21.99%
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#5

Tangerine World Mastercard®

Welcome Bonus: 10% cash back for first 2 months (up to $100)
Annual Fee: $0
Interest Rate: 20.95%
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#1

RBC Avion® Visa Infinite Card

Welcome Bonus: 55,000 Avion points
Annual Fee: $120
Interest Rate: 20.99%
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#2

National Bank World Elite Mastercard

Welcome Bonus: 45,000 points
Annual Fee: $150
Interest Rate: 20.99%
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#3

American Express Cobalt® Credit Card

Welcome Bonus: 15,000 Membership Rewards® points
Annual Fee: $155.88 ($12.99/month)
Interest Rate: 21.99%
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#4

Scotiabank® Gold American Express® Card

Welcome Bonus: Up to 50,000 Scene+ points
Annual Fee: $120
Interest Rate: 20.99%
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#5

TD Aeroplan Visa Infinite* Card

Welcome Bonus: Up to 45,000 Aeroplan points
Annual Fee: $139
Interest Rate: 21.99%
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#1

American Express Cobalt Card

Welcome Bonus: Up to 15,000 Membership Rewards points
Annual Fee: $155.88 (non-Quebec residents)
Interest Rate: 21.99%
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#2

Scotiabank Passport Visa Infinite Card

Welcome Bonus: Up to 45,000 Scene+ points
Annual Fee: $150
Interest Rate: 20.99%
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#3

Tangerine Money-Back Credit Card

Welcome Bonus: 10% cash back for first 2 months (up to $100)
Annual Fee: $0
Interest Rate: 20.95%
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#4

American Express The Platinum Card

Welcome Bonus: 100,000 Membership Rewards points
Annual Fee: $799
Interest Rate: N/A (charge card)
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#5

CIBC Dividend Visa Infinite Card

Welcome Bonus: 10% cash back for first 4 months (up to $300)
Annual Fee: $120 (first year waived)
Interest Rate: 21.99%
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#1

Scotiabank American Express® Card

Welcome Bonus: Up to 50,000 bonus Scene+ points
Annual Fee: $120 (first year waived)
Interest Rate: 20.99%
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#2

Tangerine World Mastercard®

Welcome Bonus: 10% cash back on first $1,000 spent
Annual Fee: $0
Interest Rate: 20.95%
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#3

CIBC Dividend® Visa* Card

Welcome Bonus: 5% cash back for first 4 statements (up to $100)
Annual Fee: $0
Interest Rate: 21.99%
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#4

TD Cash Back Visa* Card

Welcome Bonus: $50 in Cash Back Dollars
Annual Fee: $0
Interest Rate: 21.99%
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#5

Tangerine Money-Back Credit Card

Welcome Bonus: 10% cash back for first 2 months (up to $100)
Annual Fee: $0
Interest Rate: 20.95%
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#1

BMO CashBack Mastercard - Student

Welcome Bonus: 5% cash back for first 3 months (up to $125)
Annual Fee: $0
Interest Rate: 21.99%
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#2

TD Cash Back Visa* Card for Students

Welcome Bonus: Up to $100 in Cash Back Dollars
Annual Fee: $0
Interest Rate: 21.99%
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#3

RBC Royal Bank Student Credit Card

Welcome Bonus: 4,000 Welcome Points
Annual Fee: $48
Interest Rate: 20.99%
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#4

Scotiabank SCENE Visa Card for Students

Welcome Bonus: 5,000 Scene+ Points
Annual Fee: $0
Interest Rate: 20.99%
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#5

CIBC Dividend Visa Card for Students

Welcome Bonus: 10% cash back for first 4 months (up to $100)
Annual Fee: $0
Interest Rate: 21.99%
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#1

MBNA True Line Mastercard

Welcome Bonus: 0% interest on balance transfers for 12 months
Annual Fee: $0
Interest Rate: 12.99%
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#2

CIBC Select Visa

Welcome Bonus: 0% balance transfer rate for 10 months
Annual Fee: $29
Interest Rate: 13.99%
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#3

Scotiabank Value Visa

Welcome Bonus: 0.99% intro rate on balance transfers for 9 months
Annual Fee: $29
Interest Rate: 13.99%
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#4

BMO Preferred Rate Mastercard

Welcome Bonus: 0.99% intro rate on balance transfers for 9 months
Annual Fee: $29
Interest Rate: 13.99%
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#5

Scotiabank Momentum No-Fee Visa Card

Welcome Bonus: 5% cash back for first 3 months (up to $2,000)
Annual Fee: $0
Interest Rate: 19.99%
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#1

Scotiabank Platinum American Express® Card

Welcome Bonus: 80,000 Scene+ points (up to $2,500 in value)
Annual Fee: $399
Interest Rate: 9.99%
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#2

Desjardins Flexi Visa

Welcome Bonus: No welcome bonus
Annual Fee: $0
Interest Rate: 10.9%
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#3

RBC RateAdvantage Visa Credit Card

Welcome Bonus: None
Annual Fee: $0
Interest Rate: Prime + 4.99% - 8.99%
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#4

TD Low Interest Credit Card

Welcome Bonus: 0% promotional rate for 6 months
Annual Fee: $25
Interest Rate: 12.90%
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#5

Home Trust Secured Visa Card

Welcome Bonus:
Annual Fee: $0 or $59
Interest Rate: 19.99% (no-fee option) or 14.90% (annual fee option)
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#1

Neo Secured Mastercard

Welcome Bonus: 1% cashback on gas and groceries
Annual Fee: $60
Interest Rate: 19.99% - 29.99%
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#2

MBNA Rewards World Elite Mastercard

Welcome Bonus: 30,000 MBNA Rewards Points
Annual Fee: $120
Interest Rate: 21.99%
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#3

Capital One Secured Mastercard

Welcome Bonus: No welcome bonus
Annual Fee: $0
Interest Rate: 21.9% - 29.9%
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#4

Home Trust Secured Visa

Welcome Bonus: None
Annual Fee: $59
Interest Rate: 14.90%
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#5

Refresh Financial Secured Visa

Welcome Bonus: None
Annual Fee: $12.95
Interest Rate: 17.99%
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#1

SimplyCash Card from American Express

Welcome Bonus: 5% cash back for first 3 months (up to $100)
Annual Fee: $0
Interest Rate: 21.99%
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#2

Scotiabank Gold American Express Card

Welcome Bonus: 50,000 Scene+ points
Annual Fee: $120 (first year waived)
Interest Rate: 20.99%
Learn More
#3

Scotiabank Momentum Visa Infinite Card

Welcome Bonus: 10% cash back for first 3 months (up to $200)
Annual Fee: $120 (first year waived)
Interest Rate: 20.99%
Learn More
#4

National Bank World Elite Mastercard

Welcome Bonus: Up to 45,000 points
Annual Fee: $150
Interest Rate: 20.99%
Learn More
#5

American Express Cobalt Credit Card

Welcome Bonus: Up to 15,000 Membership Rewards points
Annual Fee: $155.88 ($12.99/month)
Interest Rate: 21.99%
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#1

Bridgewater Bank Smart eSavings

Interest Rate: 2.80%
Monthly Fee: $0
Min Balance: $25
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#2

EQ Bank Personal Account

Interest Rate: 3.00%
Monthly Fee: $0
Min Balance: $0
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#3

Canadian Tire Bank High Interest Savings

Interest Rate: 2.40%
Monthly Fee: $0
Min Balance: $0
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#4

Hubert Financial Happy Savings

Interest Rate: 2.30%
Monthly Fee: $0
Min Balance: $1,000
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#5

Laurentian Bank High Interest Savings

Interest Rate: 2.20%
Monthly Fee: $0
Min Balance: $0
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#1

Tangerine Savings Account

Interest Rate: 4.50%
Monthly Fee: $0
Min Balance: $0
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#2

Manulife Bank Advantage Account

Interest Rate: 4.75%
Monthly Fee: $0
Min Balance: $1,000
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#3

Savvy Savings Account by Motive Financial

Interest Rate: 2.00%
Monthly Fee: $0
Min Balance: $0
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#4

Bridgewater Bank Smart eSavings

Interest Rate: 2.80%
Monthly Fee: $0
Min Balance: $25
Learn More
#5

Canadian Tire Bank High Interest Savings

Interest Rate: 2.40%
Monthly Fee: $0
Min Balance: $0
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#1

EQ Bank Personal Account

Interest Rate: 3.00%
Monthly Fee: $0
Min Balance: $0
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#2

Canadian Tire Bank High Interest Savings Account

Interest Rate: 2.40%
Monthly Fee: $0
Min Balance: $0
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#3

Tangerine Savings Account

Interest Rate: 4.50%
Monthly Fee: $0
Min Balance: $0
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#4

Simplii Financial High Interest Savings Account

Interest Rate: 4.50%
Monthly Fee: $0
Min Balance: $0
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#5

Scotiabank MomentumPLUS Savings Account

Interest Rate: 4.65%
Monthly Fee: $0
Min Balance: $0
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#1

Wealthsimple Cash

Interest Rate: 2.5%
Monthly Fee: $0
Min Balance: $0
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#2

EQ Bank Personal Account

Interest Rate: 3.00%
Monthly Fee: $0
Min Balance: $0
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#3

Tangerine No-Fee Daily Chequing Account

Interest Rate: 2.50%
Monthly Fee: $0
Min Balance: $0
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#4

Scotiabank Ultimate Package

Interest Rate: 4.05%
Monthly Fee: $30.95
Min Balance: $6,000
Learn More
#5

CIBC Smart Account (Tiered)

Interest Rate: 0%
Monthly Fee: $16.95
Min Balance: $4,000
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#1

Scotiabank Basic Bank Account for Seniors

Interest Rate: 0%
Monthly Fee: $0
Min Balance: $0
Learn More
#2

RBC Day to Day Banking Account with Senior's Rebate

Interest Rate: 0%
Monthly Fee: $0
Min Balance: $0
Learn More
#3

TD Minimum Chequing Account with Senior's Rebate

Interest Rate: 0%
Monthly Fee: $3.95
Min Balance: $0
Learn More
#4

CIBC Smart™ Plus Account

Interest Rate: 0%
Monthly Fee: $29.95
Min Balance: $6,000
Learn More
#5

BMO Performance Chequing Account

Interest Rate: 0.010%
Monthly Fee: $17.95
Min Balance: $4,000
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#1

TD Student Chequing Account

Interest Rate: Monthly interest
Monthly Fee: $0
Min Balance: $0
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#2

RBC Advantage Banking for Students

Interest Rate: Not specified
Monthly Fee: $0 (for full-time students)
Min Balance: $0
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#3

Scotiabank Preferred Package for Students and Youth

Interest Rate: 0.05%
Monthly Fee: $0
Min Balance: $0
Learn More
#4

BMO Student Bank Account

Interest Rate: 4.60%
Monthly Fee: $0
Min Balance: $0
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#5

CIBC Smart for Students

Interest Rate: 1.00%
Monthly Fee: $0
Min Balance: $0
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#1

TD Unlimited Chequing Account + TD Premium eSavings Account

Interest Rate: 0.650%
Monthly Fee: $17.95
Min Balance: $4,000
Learn More
#2

RBC Newcomer Advantage

Interest Rate: 2.00%
Monthly Fee: $12.95
Min Balance: $0
Learn More
#3

Scotiabank StartRight Program (Preferred Package Chequing Account)

Interest Rate: 0.05%
Monthly Fee: $16.95
Min Balance: $4,000
Learn More
#4

CIBC Smart Account for Newcomers

Interest Rate: 0.00%
Monthly Fee: $29.95
Min Balance: $0
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#5

Simplii Financial No Fee Chequing Account

Interest Rate: 0.01%
Monthly Fee: $0
Min Balance: $0
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#1

RBC Advantage Banking for Students

Interest Rate: Not specified
Monthly Fee: $0
Min Balance: $0
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#2

TD Student Chequing Account

Interest Rate: Monthly interest included
Monthly Fee: $0
Min Balance: $0
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#3

CIBC Smart for Students Account

Interest Rate: 4.90%
Monthly Fee: $0
Min Balance: $0
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#4

BMO Student Checking Account

Interest Rate: 4.60%
Monthly Fee: $0
Min Balance: $0
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#5

Scotiabank Preferred Package for Students and Youth

Interest Rate: 0.05%
Monthly Fee: $0
Min Balance: $0
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#1

EQ Bank Personal Account

Interest Rate: 3.00%
Monthly Fee: $0
Min Balance: $0
Learn More
#2

PC Money™ Account

Interest Rate: 2.7%
Monthly Fee: $0
Min Balance: $0
Learn More
#3

KOHO High Interest Savings Account

Interest Rate: 3.50%
Monthly Fee: $0
Min Balance: $0
Learn More
#4

Tangerine Savings Account

Interest Rate: 4.50%
Monthly Fee: $0
Min Balance: $0
Learn More
#5

Neo Everyday Account

Interest Rate: 0.1%
Monthly Fee: $0
Min Balance: $0
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See All Investments →
#1

Agnico Eagle Mines (AEM)

Dividend Yield: 0.98%
1-Year Return: 90.57%
Ticker: TSX: AEM
Learn More
#2

Capital Power (CPX)

Dividend Yield: 3.87%
1-Year Return: 31.65%
Ticker: TSX: CPX
Learn More
#3

Tamarack Valley Energy (TVE)

Dividend Yield: 2.30%
12-Month Price Target: 13.76%
Ticker: TSX: TVE
Learn More
#4

Toromont Industries (TIH)

Dividend Yield: 1.30%
YTD Return: 50.77%
Ticker: TSX: TIH
Learn More
#5

Denison Mines Corp (DML)

Dividend Yield:
YTD Return: 68%
Ticker: TSX: DML
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#1

Enbridge Inc

Dividend Yield: 5.84%
Since 2001: 500%
Ticker: TSX: ENB
Learn More
#2

Power Corporation of Canada (POW)

Dividend Yield: 3.85%
1-Year Return: 56.39%
Ticker: TSX: POW
Learn More
#3

Waste Connections Inc

Dividend Yield: 0.75%
10-Year Annualized Return: 20%
Ticker: TSX: WCN
Learn More
#4

Sun Life Financial Inc

Dividend Yield: 4.12%
1-Year Return: 15.16%
Ticker: TSX: SLF
Learn More
#5

BCE Inc

Dividend Yield: 5.40%
1-Year Return: -22.87%
Ticker: TSX: BCE
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#1

Tamarack Valley Energy (TVE)

Dividend Yield: 2.30%
12-Month Price Target: 13.76%
Ticker: TSX: TVE
Learn More
#2

BCE Inc

Dividend Yield: 5.40%
1-Year Return: -22.87%
Ticker: TSX: BCE
Learn More
#3

Fortis Inc

Dividend Yield: 3.50%
1-Year Return: 12.8%
Ticker: TSX: FTS
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#4

Algonquin Power & Utilities Corp

Dividend Yield: 4.51%
1-Year Return: 22.42%
Ticker: TSX: AQN
Learn More
#5

Whitecap Resources Inc

Dividend Yield: 6.92%
12-Month Price Target Upside: 32.45%
Ticker: TSX: WCP
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#1

RioCan Real Estate Investment Trust (REI.UN)

Dividend Yield: 6.08%
1-Year Return: 12.8%
Ticker: TSX: REI.UN
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#2

H&R REIT (HR.UN)

Dividend Yield: 5.1%
1-Year Return: 6.54%
Ticker: TSX: HR.UN
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#3

Allied Properties Real Estate Investment Trust (AP.UN)

Dividend Yield: 11.91%
1-Year Return: 10.62%
Ticker: TSX: AP.UN
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#4

Granite REIT (GRT.UN)

Dividend Yield: 4.44%
1-Year Return: 8.81%
Ticker: TSX: GRT.UN
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#5

NorthWest Healthcare Properties Real Estate Investment Trust (NWH.UN)

Dividend Yield: 6.80%
1-Year Return: 6.00%
Ticker: TSX: NWH.UN
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#1

Horizons S&P/TSX 60 ETF (HXT)

Dividend Yield:
YTD Return: 23.12%
Ticker: TSX: HXT
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#2

BMO Aggregate Bond Index ETF (ZAG)

Dividend Yield: 3.42%
1-Year Return: 4.63%
Ticker: TSX: ZAG
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#3

Vanguard FTSE Canada All Cap Index ETF (VCN)

Dividend Yield: 3.0%
YTD Return: 25.17%
Ticker: TSX: VCN
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#4

iShares Core S&P/TSX Capped Composite Index ETF (XIC)

Dividend Yield: 2.15%
YTD Return: 24.54%
Ticker: TSX: XIC
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#5

BMO S&P TSX Capped Composite Index ETF (ZCN)

Dividend Yield: 2.28%
1-Year Return: 25.86%
Ticker: TSX: ZCN
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#1

Shopify Inc

Dividend Yield:
1 YTD Return: 25%
Ticker: TSX: SHOP
Learn More
#2

Avino Silver & Gold Mines Ltd

Dividend Yield:
YTD Return: 422.40%
Ticker: TSX: ASM
Learn More
#3

Brookfield Asset Management Inc

Dividend Yield: 3.22%
1-Year Return: 5.79%
Ticker: TSX: BAM
Learn More
#4

Toronto-Dominion Bank (TD)

Dividend Yield: 3.64%
1-Year Return: 56.72%
Ticker: TSX: TD
Learn More
#5

Toromont Industries Ltd

Dividend Yield: 1.25%
1-Year Return: 39.31%
Ticker: TSX: TIH
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#1

Fortis Inc

Dividend Yield: 3.50%
1-Year Return: 12.8%
Ticker: TSX: FTS
Learn More
#2

Emera Inc

Dividend Yield: 5.90%
1-Year Return: 34.73%
Ticker: TSX: EMA
Learn More
#3

Canadian Utilities Ltd

Dividend Yield: 4.66%
1-Year Return: 12.8%
Ticker: TSX: CU
Learn More
#4

Brookfield Infrastructure Partners (BIP.UN)

Dividend Yield: 5.02%
1-Year Return: 4.07%
Ticker: TSX: BIP.UN
Learn More
#5

Hydro One Ltd

Dividend Yield: 2.57%
1-Year Return: 18.55%
Ticker: TSX: H
Learn More

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