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Canadians Gain More Room to Save with 2025 TFSA Limit

  The Tax-Free Savings Account (TFSA) contribution limit for 2025 has been set at $7,000 , giving Canadians another opportunity to grow their investments tax-free. Since its launch in 2009, the TFSA has become one of the most popular savings tools in the country, offering flexibility and tax advantages that appeal to both short-term savers and long-term investors. For those who have never contributed to a TFSA and were eligible since the beginning, the total cumulative contribution room now stands at $102,000 . This allows Canadians to deposit a significant amount into their accounts without worrying about taxes on investment gains, dividends, or withdrawals. One of the TFSA’s biggest advantages is that withdrawals are tax-free and the amount withdrawn is added back to your contribution room the following year . This makes it ideal for saving toward major purchases, retirement, or even emergency funds. Unlike RRSPs, contributions are not tax-deductible, but the growth inside the...
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Canada’s Top No-Fee Cash-Back Credit Cards for 2025

 

Looking to earn rewards without paying an annual fee? Canadians have access to a variety of cash-back credit cards that offer impressive perks with zero yearly cost. Whether you're fueling up, grocery shopping, or just handling everyday expenses, these cards help you stretch your dollars further.

Here’s a roundup of the top 10 no-annual-fee cash-back credit cards in Canada for 2025:

Top Picks

  1. SimplyCash® Card from American Express

    • 1.25% cash back on all purchases
    • Welcome bonus: Up to $100 cash back
    •  Annual fee: $0

  2. Rogers Red World Elite® Mastercard®

    • 1.5% average cash back
    • Great for U.S. dollar purchases
    •  Annual fee: $0

  3. Tangerine Money-Back Credit Card

    • 2% cash back in up to 3 categories of your choice
    • Welcome bonus: $60 + 10% extra cash back for 2 months
    • Annual fee: $0

  4. Neo World Mastercard®

    • Up to 15% cash back on first-time purchases
    • Best for retail shopping
    • Annual fee: $0

  5. CIBC Costco Mastercard®

    • Best for restaurants and Costco purchases
    • Annual fee: $0 (requires Costco membership)

  6. Home Trust Preferred Visa

    • 1% cash back in Canada + no foreign transaction fees
    • Annual fee: $0

  7. BMO CashBack Business Mastercard

    • Ideal for small business expenses
    • Welcome bonus: $100 + 10% cash back on select categories
    • Annual fee: $0

  8. Triangle World Elite Mastercard

    • Best for roadside assistance and Canadian Tire purchases
    • Annual fee: $0

  9. Scotiabank Momentum No-Fee Visa

    • 1% cash back on eligible purchases
    • Annual fee: $0

  10. MBNA Smart Cash Platinum Plus Mastercard

    • 2% cash back on gas and groceries
    • Annual fee: $0

These cards are perfect for budget-conscious Canadians who want to earn rewards without the burden of annual fees. Whether you're a newcomer, a frequent shopper, or a small business owner, there’s a card tailored to your lifestyle.


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