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Plain answers and today's best rates for Canadians, read straight from the banks and the government. Every page shows when we last checked.

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Credit cardsRates, fees and what a missed payment costsSavings accountsToday's best high-interest savings ratesGICsCompare 1- to 5-year GIC ratesMortgagesVariable rates, payments and penaltiesBankingFees, cheque holds and CDIC coverCredit and debtMinimum payments, payoff and penaltiesGovernment benefitsAmounts, payment dates and a benefit finderTFSAYour room, the limit and overcontributionNew to CanadaFirst bank account and first credit cardCalculatorsRun your own numbers

What would earn in a year?

The same money earns very different amounts depending on where it sits. Change the amount to see yours.

Simple interest for one year, before tax, at regular rates (no promos). Rates checked October 1 to October 3, 2026. Chequing rate needs direct deposit.
  1. 1-year GICNorthern Birch Credit Union, 4.00%
    $400
  2. Savings accountSaven Financial, 2.85%
    $285
  3. Chequing accountEQ Bank, 2.75%
    $275
  4. Big-bank savingsRBC eSavings regular, 0.55%
    $55

Latest answers

New every morning, checked against the rules that apply.

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Benefits and rebates

Canada Groceries and Essentials Benefit 2026: Amounts and Payment Dates

The Canada Groceries and Essentials Benefit replaced the GST/HST credit in July 2026. For July 2026 to June 2027 it pays up to $679 if single, $890 for a couple and $234 per child,...

Oct 22, 2026
Mortgages

Mortgage Prepayment Penalty in Canada: How the IRD Is Calculated

Oct 21, 2026
Credit cards

What Happens If You Miss a Credit Card Payment in Canada?

Oct 21, 2026
Credit cards

Foreign Transaction Fees in Canada: When a No-FX Card Pays Off

Oct 20, 2026
Banking

What Happens If a Payment Bounces in Canada? The $10 NSF Fee Cap

Oct 20, 2026

Numbers to know in 2026

Rules that cost Canadians money when they miss them. Each links to the full guide and its sources.

$7,000TFSA dollar limit for 2026. Unused room carries forward.Read the rule 1% a monthTax on the highest TFSA excess each month until you take it out.Read the rule $100,000CDIC cover per category, per member institution, interest included.Read the rule $10Most a federally regulated bank can charge for a bounced payment.Read the rule 10 yearsOf no activity before a bank balance moves to the Bank of Canada.Read the rule June 30Deadline to file a TFSA Return (RC243) for the year before.Read the rule

New to Canada? Start here.

Four money steps for your first months, in the order most people need them.

  1. 1
    Open a bank account

    Compare newcomer packages by monthly fee, how long the waiver lasts and the ID each bank asks for.

    Newcomer bank accounts
  2. 2
    Start building credit

    Some cards accept applicants with no Canadian credit history. See what you can get with your status.

    Cards for newcomers
  3. 3
    Keep deposits insured

    Know how CDIC cover works before you move larger savings into one bank.

    The CDIC rule
  4. 4
    Open a TFSA when eligible

    TFSA room starts in the year you are a Canadian resident, 18 or older, with a valid SIN.

    TFSA room calculator

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Banking

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Mortgages and housing

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Credit and debt

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Benefits and rebates

See all in benefits and rebates

Run your own numbers

Five calculators built on Canadian rules. Each one shows its formula.

All calculators
Credit card payoffHow long until my balance is gone?Mortgage paymentWhat will I pay each month?GIC and savingsWhat will my money grow to?TFSA roomHow much can I still put in?Annual fee break-evenIs a fee card worth it?

Why trust Gizly

We show our sources instead of asking you to take our word for it. How we check

40money guides, each checked against government rules or the bank's own terms
Weeklyrate checks on savings, GICs and mortgages, read from each institution's page
$0paid for placement. Rates are ranked by the numbers, not by who pays

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