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Local tools

Built for Canada

These products do not have an equivalent in most other markets, so a global calculator would give the wrong answer.

🇨🇦 Canada

TFSA

Tax-free savings account — growth and withdrawals are untaxed.

🇨🇦 Canada

RRSP

Registered retirement plan with tax-deductible contributions.

🇨🇦 Canada

FHSA

First home savings account combining RRSP deduction with TFSA withdrawals.

Wrapper vs. plain savings

A rough comparison of holding the same amount inside a local tax wrapper versus an ordinary taxed savings account. Type a rate; this is a sketch, not a quote.

After 10 years at 0.00%
$14,267
Local wrapper, flat charge instead of interest tax
$14,267
Ordinary savings, interest taxed
$15,000

Assumptions are shown, not hidden: a 30% tax on interest in the plain account and a 0.5 percentage-point effective charge inside the wrapper. Your own tax position may differ — this is a calculation, not advice.

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The matchmaker ranks licensed lenders in this market on the amount and term you asked for. No credit check to browse.

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1

Coast Capital Savings

  • Lowest APR
8.74.4(1)
Savings rate
3%–3.5%
≈ $300/yrinterest on $10,000, before tax
Deposit
n/a
  • Free withdrawals
  • FCAC
Open account
Full review

Illustration at the lowest listed rate on a round deposit for one year, before tax; rates are variable unless the account is fixed.

Example

Anyone living in Canada outside Quebec can apply for membership. Approved members buy $5 in Membership Equity Shares (a one-time investment, not a fee). Mortgage and personal-loan rates are not posted on the public site. Homepage GIC specials: 3.50% on a 2-year non-redeemable GIC and 3.00% on a 1-year redeemable GIC (net-new deposits). Source: coastcapitalsavings.com membership details and homepage, 2026-08-27.

2

BMO Savings Amplifier

  • Highest score
8.84.4(1)
Savings rate
—
Deposit
n/a
  • Free withdrawals
  • FCAC
Open account
Full review
Example

Product availability and eligibility are determined by the provider. Check the provider’s current terms before applying. We do not receive commission on this link.

3

BMO Savings Builder

  • Highest score
8.84.4(1)
Savings rate
—
Deposit
n/a
  • Free withdrawals
  • FCAC
Open account
Full review
Example

Product availability and eligibility are determined by the provider. Check the provider’s current terms before applying. We do not receive commission on this link.

Coast Capital: Anyone living in Canada outside Quebec can apply for membership. Approved members buy $5 in Membership Equity Shares (a one-time investment, not a fee). Mortgage and personal-loan rates are not posted on the public site. Homepage GIC specials: 3.50% on a 2-year non-redeemable GIC and 3.00% on a 1-year redeemable GIC (net-new deposits). Source: coastcapitalsavings.com membership details and homepage, 2026-08-27.

Bank of Montreal: Product availability and eligibility are determined by the provider. Check the provider’s current terms before applying. We do not receive commission on this link.

These tools sketch the local wrappers and rails that exist in Canada — not a generic US or UK product list. The numbers are illustrative. A written offer and the local tax rules are what count.

How to use them

Compare a plain savings rate with a wrapper on the same horizon, then open savings or term deposits. Deposit protection is explained in deposit protection in Canada. For the wrapper itself: tax wrappers and savings.

Borrowing is a different page: loan calculator, personal loans, mortgages.