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In Canada, most big banks’ direct investing accounts come with rather high trading commission fees. When it comes to direct investing, Canadians do have access to low commission or no commission trading platforms. Interactive Brokers – Best for Margin and Option Trading When it comes to margin trading, Interactive Brokers is my favorite trading platform.…
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Most credit cards in Canada charge a 2.5% foreign transaction fee on purchases made in other currencies. Fortunately, there are several credit cards that have no foreign transaction fees. Exchange rate will be determined by credit card processor (Mastercard, Visa) at the time of purchase. Scotiabank Passport Visa Infinite Card Scotiabank Passport Visa Infinite Card…
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All big banks in Canada have Newcomers banking packages catered for permanent residents and work permit holders within 5 years of arrival date in Canada. These bank packages usually include a chequing account with no monthly fee or minimum balance requirement for at least 1 year, a credit card without credit history, and other benefits.…
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No-fee credit cards can offer great value and benefits without the burden of annual fee. Below is a curated list of no-fee credit cards that cater for different spending habits: Best for dining and restaurant – Simplii Cashback Visa Simplii Cashback Visa earns 4% cashback on the first $5,000 in net annual card purchases on…
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Chequing accounts at Canadian big banks (RBC, TD, CIBC, BMO, Scotia) usually have monthly fees or require a high minimum balance to waive the monthly fees. Canada residents do have no-fee and no minimum balance options when it comes to chequing accounts. 1. Online Banks As the name suggests, online banks have no physical branch…