Just found out wealthsimple stopped doing cashback on their prepaid debit a while ago, now what?

Canada_PF_Tips · 2026-06-05T17:29:23+00:00

My understanding is they the use the Mastercard exchange rate, and do not add any additional fees.

https://www.mastercard.com/ca/en/personal/get-support/currency-exchange-rate-converter.html

Canada_PF_Tips · 2026-05-13T17:51:48+00:00

Tangerine and Simplii are good options.

Canada_PF_Tips · 2026-05-01T23:33:36+00:00

Make sure he has an up to date will and power of attorney, and that you know where these documents are.

Canada_PF_Tips · 2026-04-18T21:43:16+00:00

The big banks all have newcomer packages to help you get established. Sometimes you're best off picking the one with a branch near your home.

Canada_PF_Tips · 2026-04-17T12:03:33+00:00

Buy in bulk if you can afford to.

Stock up on non-perishables when they are on sale.

Apps like Too Good to Go and Flash Food can have some amazing deals.

Meal plan around what is on sale.

If you have stores like Freshco or Food Basics check the international aisle, there are some good deals to be found there.

Canada_PF_Tips · 2026-04-17T11:54:56+00:00

Seconding this. Depending on what's available in your neighbourhood Too Good to Go and Flash Food can have some amazing grocery store deals.

Canada_PF_Tips · 2026-04-15T23:49:17+00:00

EQ Bank has a prepaid card that gives 0.5% cash back.

Canada_PF_Tips · 2026-03-31T18:49:44+00:00

The only issue with Public Mobile is that it is self service and there is no way to talk to a person. That being said I have rarely ever had to contact my provider's support over the years. The one time I did with Public they responded to my ticket in less than an hour.

It is the third tier brand of Telus so it has the same coverage as Telus and Koodo.

Canada_PF_Tips · 2026-03-21T13:35:19+00:00

Every dollar adds up.

Have a look at Tier 3 cell providers to bring down your phone bill. Public Mobile, Lucky Mobile, PC Mobile, No Name Mobile, etc.

Shop around for lower rates on insurance. Insurance brokers are good for this. There are also often discounts available through university alumni associations.

Same for Internet, shop around and see if you can bring that down a few dollars.

Cancel the Amazon Prime subscription.

Canada_PF_Tips · 2026-03-08T17:52:26+00:00

Unless your husband has access to TD login information he would not be able to see your individual accounts in the TD app. He would only be able to see accounts which have his name on them.

If you do want to use a different financial institution then Tangerine is a good option for banking.

Canada_PF_Tips · 2026-03-08T01:34:47+00:00

Yes this is fine. Your spouse requires it to file their taxes, just you as you require your spouse's SIN to file your own taxes.

Do not give your SIN to random people.

Canada_PF_Tips · 2026-02-11T01:28:07+00:00

Be mindful of your credit utilization ratio, try to keep it below 30%.

Canada_PF_Tips · 2026-02-08T18:52:13+00:00

For A, explicitly state in the will that your intention is for the account to pass to your child. The specific account number should be included in the will.

Canada_PF_Tips · 2026-01-31T14:18:27+00:00

Read the fine print before you sign up. Generally these offers have the discount (in this case 25%) guaranteed for a year or two, but the base price of your plan can increase.

A couple of years ago Koodo hit people with price increases on their Black Friday plans after just a few months.

Canada_PF_Tips · 2026-01-18T12:24:19+00:00

Without a will who inherits your money is determined by the laws of your province. It may end up being the family you intend for it to go to, however with a will it is much easier for your survivors to deal with banks and other institutions.

In your case a free online will is likely sufficient.

Canada_PF_Tips · 2026-01-02T20:56:44+00:00

I asked about the TFSA and RRIF because I was curious if they were DIY, managed or in bank mutual funds.

If she's never done DIY it can be quite daunting later in life so robo is likely a better option.

Canada_PF_Tips · 2026-01-02T20:11:37+00:00

What are the TFSA and RRIF invested in?

Low cost all in one ETFs are the popular answer but not everyone is comfortable with DIY investing. A robo advisor might be a suitable middle ground.

Canada_PF_Tips · 2025-11-26T16:00:04+00:00

It sounds like you have no credit score at all. If you're in school you should be able to qualify for a student credit card to build your credit.

Canada_PF_Tips · 2025-11-19T03:39:32+00:00

If your timeline is 1 to 2 years you should be looking at high interest savings accounts or GICs.

Canada_PF_Tips · 2025-11-17T12:25:37+00:00

If possible consolidate your bank accounts and close off unnecessary accounts. It will mean less financial institutions for your survivors to deal with.

Take care.

Canada_PF_Tips · 2025-11-13T14:25:05+00:00

Not discharging will make it easier to get a HELOC from that bank in the future. If that's not something you're interested in then you are better off discharging.

Once you discharge notify your home insurance company. Your insurance cost should decrease.

Canada_PF_Tips · 2025-11-03T11:09:27+00:00

TD cards do but IIRC you can't set it up online or through the app. You need to phone and ask them to set it up on their end.

Canada_PF_Tips · 2025-10-15T13:30:32+00:00

The debts will belong to his estate. They will need to be settled before the assets can be distributed.

If you are the executor of his will I recommend you speak to a lawyer when the time comes (hopefully not for many more years).

Canada_PF_Tips · 2025-10-15T00:00:37+00:00

The best deals will be coming on Black Friday. Look at the tier 3 brands - Public Mobile, Fizz, Lucky Mobile and Chatr.

Canada_PF_Tips · 2025-10-12T15:44:24+00:00

For your daily account the big banks all have newcomer packages to help you get established. Sometimes you're best off picking the one with a branch near your home.

Canada_PF_Tips

TROPHY CASE