1. Invest with confidence
Investing in the stock market can help you build a sizable nest egg for retirement and a passive dividend income stream. With CIBC Investors’ Edge, you can enjoy low commissions on trades and no or minimal account maintenance charges, depending on the size of your portfolio.
Pay no account fees for RRSPs with a balance of $25,000 or more and TFSAs with a balance of $10,000. For non-registered accounts, the platform waives maintenance fees if the account balance exceeds $10,000.
Build your portfolio with CIBC Investor’s Edge and get up to 100 free trades and over $200 in cash back. Pay just $6.95 per stock and ETF trades and no fees on mutual funds — or make more than 150 trades in a quarter — and you fall under the Active Trader category, where you can enjoy a discounted commission of $4.95 per trade.
2. Protect your loved ones with term life insurance
When planning for the future and ensuring financial security for your loved ones, life insurance plays a crucial role.
Term insurance is a type of life insurance that offers coverage for a predetermined period, known as the "term," that typically ranges from 10 to 30 years. If the insured individual dies during this term, the policy pays a death benefit to the designated beneficiaries. Term insurance is usually a less expensive and more flexible option.
Young families and busy professionals looking for fast and affordable insurance can easily connect with PolicyMe and get term life insurance in minutes, completely online.
With PolicyMe, you get a policy with up to $5 million in coverage, with a 10% discount for couples in the first year and free $10,000 in child coverage.
3. Consolidate your debt and repay it faster
Paying down your debt is one of the smartest financial decisions you can make. If you have massive credit card debt or recently got it with a big expense — like car repairs, chances are you will be on the hook for quite some time and have to pay a substantial amount in interest.
A better option is to consolidate your debt by taking out a single loan at a lower rate. This can both ease your interest costs and improve your credit score. With Loans Canada, you can shop for the most competitive interest rates on personal and debt consolidation loans, since Loans Canada specializes in comparing rates offered by different lenders.
You don’t need a minimum credit score or annual income to receive personalized loan offers.
4. Take control of your financial future
The rising cost of living in recent years has been a major cause for concern for many Canadians. According to a 2024 survey by the National Payroll Institute and Financial Wellness Lab of Canada, approximately 41% of respondents feel financially stressed.
Budgeting and tracking can help you understand where your money is going, allowing you to identify areas where you’re overspending.
With Monarch Money, you can track all your accounts in one place. You can also get custom reminders regarding upcoming bills and subscriptions, ensuring you never miss a payment or forget to cancel an unwanted subscription before renewal. You can also view how your net worth is growing over time by linking your investment accounts and real estate.
Monarch Money helps you control your financial future. It lets you set financial goals, such as buying a house or taking a dream vacation and then tracks your progress.
Sign up now and get 50% off your first year with code NEWYEAR2025.
5. Protect your furry friends with pet insurance
If you have a furry friend or are thinking about adopting one, you probably know about the soaring medical and grooming costs for pets. According to a recent study by rover.com, the average cost of owning a dog is somewhere between $80 and $340 per month.
Spot pet insurance provides up to 90% cash back on vet bills, as well as unlimited payouts on accidents and qualified illnesses.
You can also get up to $500 cash back on kennel and pet boarding costs and up to $1,000 on alternative therapies for your pet through Spot pet insurance.