Best High-Interest Savings Accounts in Canada (2026)
By Jason Williams, Personal Finance Editor at Loanspot.ca · Published April 2026 · Last updated June 2026 The best high-interest savings accounts in Canada combine a strong rate, no monthly fee, no minimum balance, and CDIC deposit protection. As of 2026, promotional rates from EQ Bank, Scotiabank, Tangerine, Simplii, CIBC, RBC, and BMO reach roughly […]
How Does a Joint Mortgage Work? A Complete Canadian Guide
For a lot of Canadians, the math simply does not work on a single income anymore. Property values in most major cities have climbed far faster than wages, and meeting lender requirements for income, down payment, and debt ratios on your own has become genuinely difficult for a large portion of the population. This is […]
Co-Signing a Car Loan in Canada: What You Need to Know
Buying a car is one of the most significant financial decisions most Canadians make. For many, it requires financing, and for a growing number of borrowers, that financing is only accessible with a little help from someone they trust. Co-signing a car loan is a common arrangement in Canada, but it is one that carries […]
Is Mortgage Interest Tax Deductible In Canada?
Owning a home in Canada comes with a long list of financial responsibilities, and for most homeowners, the mortgage is the biggest one. Between principal repayments, property taxes, insurance, and maintenance, the costs add up quickly. So when tax season arrives, it is natural to wonder: is mortgage interest tax deductible in Canada? The answer […]
Where Can You Get Free Bank Accounts In Canada?
Managing your money starts with having the right place to keep it. For millions of Canadians, a bank account is the foundation of their entire financial life, it is where your paycheque lands, where your bills get paid, and where your savings begin to grow. But here is the thing: not all bank accounts are […]
Can I Transfer My Car Loan To Someone Else?
If you have ever found yourself asking, “Can I transfer my car loan to someone else?” you are not alone. Life changes quickly. A new job, a move across the country, a tighter budget, or simply a shift in circumstances can make you want out of your current vehicle financing. The question is: is a […]
Co-Signer vs. Guarantor: What’s the Difference?
When a borrower does not quite meet a lender’s requirements on their own, whether due to limited credit history, insufficient income, or past financial difficulties, bringing in a third party to strengthen the application can make all the difference. Two of the most commonly used options in Canada are a co-signer and a guarantor. These […]
What Debt-to-Income Ratio Means and Why It’s Important
When you apply for a loan in Canada, lenders look at much more than just your credit report. One of the most critical factors they evaluate is your debt to income ratio, a simple but powerful metric that reveals how well you manage your financial obligations relative to what you earn. Whether you are exploring […]
How To Get A Guarantor Loan In Canada
When financial challenges arise, finding the right lending solution can feel overwhelming, especially if your credit history isn’t perfect. For many Canadians, a guarantor loan represents a viable pathway to accessing funds when traditional lending options seem out of reach. This comprehensive guide will walk you through everything you need to know about guarantor loans […]
Understanding the Consumer Proposal Process in Canada
When debt becomes overwhelming and you’re struggling to keep up with monthly payments, the weight of financial stress can feel unbearable. Collection calls, mounting interest charges, and the constant worry about making ends meet can take a serious toll on your mental health and quality of life. If you’re facing this situation, you may have […]