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Personal finance for Canadians

Tickle & Compass

Where to actually put your money — banking, investing, and credit, without the American advice that doesn't apply here.

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A

Everyday banking

High-interest savings account

Look for one that's CDIC-insured with no monthly fee — most big banks still pay a default rate that isn't worth mentioning.

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No-fee chequing with cash back

Skip the $16/month your bank charges just to hold a paycheque you deposited yourself.

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Credit-building prepaid card

Reports to Canadian bureaus — useful if you're rebuilding credit or have no history yet.

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B

Investing & growing it

TFSA-first robo-advisor

Handles the TFSA-vs-RRSP order of operations for you instead of leaving contribution room unused.

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Self-directed investing platform

Lower fees than a robo-advisor once you're comfortable picking your own ETFs.

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Round-up micro-investing app

For people who won't open an investing app on purpose but will let spare change do it for them.

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C

Credit & borrowing

Free credit score monitoring

Checking your own Equifax/TransUnion score is free in Canada and doesn't ding it — check it before a lender does.

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Personal loan comparison

For consolidating high-interest debt (credit cards) into one lower-rate payment.

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D

Protection & taxes

Term life insurance comparison

Cheaper than most people assume — worth comparing a few quotes before deciding you can't afford it.

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NETFILE-certified tax software

Files directly with the CRA — skip the accountant fee if your return is straightforward.

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E

More money tips

TFSA or RRSP First?

Which account to fund first, the mistake that costs the most contribution room, and what comes before either.

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slides

Check Your Score First

Soft pulls vs. hard pulls, and why your file isn't identical at both credit bureaus.

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slides

Pick a Real Savings Account

CDIC coverage, fee-free basics, and the real dollar gap between a big-bank rate and a competitive one.

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slides

Do Your Rewards Pay Off?

Cash back vs. points, the annual-fee break-even math, and why carrying a balance erases rewards instantly.

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slides

Is Term Life Really That Cheap?

Term vs. permanent insurance, the real price gap, how much coverage you actually need, and the employer-coverage gap.

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slides

Free download

The TFSA vs. RRSP Cheat Sheet

One page: which account to fund first depending on your income, and the mistake that costs Canadians the most contribution room.

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About the name

Why “Tickle & Compass”?

In Newfoundland and Labrador, a tickle is a narrow channel of sea between two pieces of land. It's a shortcut if you know it and a hazard if you don't, because the tides, currents and rocks all matter.

Canadian personal finance can feel the same way: TFSA or RRSP, which bank, which account, what the fine print says. There's a way through, but it helps to have something pointing the right direction.

That's the compass. We don't tell you what to do with your money. We give you clear, Canada-specific information so you can find your own way through.

Also run by us: Shop Class — DIY tips & tool picks. Follow @shopclass.diy →

Not financial advice. This is a starting point for your own research, not a recommendation for your specific situation — compare rates and terms before signing up for anything.

How this page makes money: some links above are affiliate links. If you sign up through one, Tickle & Compass may earn a commission at no extra cost to you.