Tax Savings Calculator
Calculate your tax refunds from RRSP, TFSA, FHSA, RESP, and Spouse RRSP contributions
Step 1: Enter Your Annual Salary
Investment Growth Calculator
Calculate your investment returns with optional annual step-up contributions
GIC Rates Comparison
Compare current GIC rates from major Canadian banks (Updated: December 2024)
1-Year GIC Rates
| Bank | Rate | Type | Minimum |
|---|---|---|---|
| EQ Bank | 4.65% | Non-Registered | $100 |
| Oaken Financial | 4.50% | Non-Registered | $1,000 |
| Tangerine | 4.40% | Non-Registered | $1,000 |
| Simplii Financial | 4.25% | Non-Registered | $1,000 |
| RBC | 3.95% | Non-Registered | $1,000 |
| TD | 3.90% | Non-Registered | $1,000 |
| Scotiabank | 3.85% | Non-Registered | $1,000 |
| BMO | 3.80% | Non-Registered | $1,000 |
| CIBC | 3.75% | Non-Registered | $1,000 |
| National Bank | 3.70% | Non-Registered | $500 |
5-Year GIC Rates
| Bank | Rate | Type | Minimum |
|---|---|---|---|
| Oaken Financial | 4.75% | Non-Registered | $1,000 |
| EQ Bank | 4.65% | Non-Registered | $100 |
| Tangerine | 4.50% | Non-Registered | $1,000 |
| Simplii Financial | 4.35% | Non-Registered | $1,000 |
| RBC | 4.05% | Non-Registered | $1,000 |
| TD | 4.00% | Non-Registered | $1,000 |
| Scotiabank | 3.95% | Non-Registered | $1,000 |
| BMO | 3.90% | Non-Registered | $1,000 |
| CIBC | 3.85% | Non-Registered | $1,000 |
| National Bank | 3.80% | Non-Registered | $500 |
Note: Rates are subject to change. Best rates highlighted. Contact us for personalized GIC recommendations and to ensure you get the best rate for your needs.
High-Interest Savings Account Rates
Compare current savings account rates from Canadian banks (Updated: December 2024)
Best High-Interest Savings Accounts
| Bank | Interest Rate | Monthly Fee | Minimum Balance |
|---|---|---|---|
| EQ Bank Savings Plus | 3.00% | $0 | $0 |
| Wealthsimple Save | 2.50% | $0 | $0 |
| Tangerine Savings | 2.25%* | $0 | $0 |
| Simplii High Interest | 1.80% | $0 | $0 |
| PC Money Savings | 1.75% | $0 | $0 |
| RBC High Interest eSavings | 1.20% | $0 | $0 |
| TD High Interest Savings | 1.10% | $0 | $5,000 |
| Scotiabank Momentum PLUS | 1.05% | $0 | $5,000 |
| BMO Premium Rate Savings | 1.00% | $0 | $0 |
| CIBC eAdvantage Savings | 0.95% | $0 | $0 |
| National Bank High Interest | 0.90% | $0 | $0 |
*Promotional rates may apply. Rates shown are for regular savings. Some banks offer higher promotional rates for new customers. Best rates highlighted. Contact us for current rates and recommendations.
Chequing Account Comparison
Compare chequing account fees and features from Canadian banks (Updated: December 2024)
No-Fee Chequing Accounts
| Bank | Monthly Fee | Transactions | e-Transfers |
|---|---|---|---|
| Simplii Financial | $0 | Unlimited | Unlimited Free |
| Tangerine | $0 | Unlimited | Unlimited Free |
| PC Money | $0 | Unlimited | Unlimited Free |
| Wealthsimple Cash | $0 | Unlimited | Unlimited Free |
| EQ Bank | $0 | Unlimited | Unlimited Free |
Full-Service Chequing Accounts (Big 6)
| Bank | Account | Monthly Fee | Transactions | Fee Waiver |
|---|---|---|---|---|
| RBC | Day to Day Banking | $4.00 | 12 | $3,000 min balance |
| TD | Everyday Chequing | $3.95 | 12 | $3,000 min balance |
| Scotiabank | Basic Banking | $3.95 | 12 | $3,000 min balance |
| BMO | Practical Plan | $4.00 | 12 | $3,000 min balance |
| CIBC | Everyday Chequing | $3.90 | 12 | $3,000 min balance |
| National Bank | Essentiel | $3.95 | 12 | $3,000 min balance |
Note: Big 6 banks offer unlimited transaction accounts for $10-$30/month. Online banks provide better value for most customers. Contact us to find the best account for your needs.
Life Insurance Needs Calculator
Calculate how much life insurance coverage you need using a needs-based analysis approach (Canada, CAD)
FIRE Calculator (Financial Independence, Retire Early)
Plan your path to financial independence with this comprehensive calculator for Canadian families (CAD)
FIRE Calculator
The Financial Independence, Retire Early (FIRE) calculator is a comprehensive planning tool that helps you:
- Calculate your exact FIRE number based on your lifestyle
- Project your portfolio growth with inflation adjustments
- Plan for major goals like education, weddings, and travel
- Optimize savings strategies with CPP/OAS integration
- Get personalized recommendations to reach financial independence
This advanced calculator requires a personalized consultation to ensure accuracy for your unique situation.
Book Free ConsultationGet your personalized FIRE plan during our free 30-minute call