Neo Learn
Make your money work smarter with Neo Financial. Learn about credit building, saving, smart spending, and more on our personal finance blog.
Recommended for you
How your personal bankruptcy impacts your spouse in Canada
Filing for personal bankruptcy in Canada does not make your spouse responsible for your debts. The key exceptions involve joint debts, co-signed obligations, and jointly owned assets.
Five bankruptcy alternatives for Canadians struggling with debt
Canadians who owe more than they can repay have at least five viable bankruptcy alternatives that can reduce payments, lower interest, or settle debts for less than the full amount.
Consumer proposal vs. Debt consolidation: Which protects your credit?
Consolidation tends to work best when you can afford to repay your full debt, but want to lower your interest costs and simplify your payments.
10 unexpected effects of doing a consumer proposal in Canada
Unlike bankruptcy, a consumer proposal does not transfer control of your assets to a trustee. You keep your home, your vehicle, and all your investment accounts.
The truth about government debt relief programs in Canada
Two formal debt relief mechanisms fall under the Bankruptcy and Insolvency Act: the consumer proposal and the bankruptcy.
When do debt collectors take you to court in Canada?
If a collector contacts you about a debt that is past the limitation period, avoid engaging with them, since they lost the legal right to enforce repayment through the courts.
Credit
View All
How to increase your credit card limit in Canada
Learn how to increase your credit card limit in Canada, lower your credit utilization, and improve your credit score step by step.
Wealthsimple Credit Card vs. Neo Everywhere: Which flat-rate cashback card wins?
Wealthsimple vs. Neo: Both offer flat-rate cash back credit cards with no category tracking. Here’s how the rates, fees, and perks compare.
Do secured credit cards actually build credit?
A secured credit card is one of the most reliable ways to build credit in Canada. Here's exactly how it works, how long it takes, and how to use one strategically.
Credit score
View All
What's your credit score? Why most Canadians won't answer honestly
A new survey found nearly one in four Canadians have lied about their credit score. Here's what's really going on, and what to do if yours isn't where you want it.
Two alternatives to Nyble's credit building loans that actually work
"The question, with credit building micro-loans, is whether the credit bureaus recognize them as being something that is worthwhile and do the lenders that see that data as something useful."
Car loans can be the easiest path to credit for new immigrants, but they may not be the best
While a car loan is one of the most accessible forms of credit for newcomers, it is not the most cost-effective way to build a score from scratch.
Savings
View All
4 high-interest savings account (HISA) ETFs Canadians should know
Looking for a low-risk place to park cash inside a brokerage account? Consider these four HISA ETFs.
The best high interest savings accounts in Canada (2026)
Not all savings account rates are created equal. Here's how to find one that actually works for you.
The best youth savings accounts in Canada
The best youth savings accounts in Canada charge no monthly fees, pay a competitive interest rate, and give your child access to app-based banking so they can watch their balance grow.
Budgeting & Debt
View All
Joint account tax implications in Canada: Who pays what to the CRA?
Interest, dividends, and capital gains earned in a joint account are all taxable, but they aren’t necessarily split 50/50. Here’s what the CRA actually expects you to report.
How your personal bankruptcy impacts your spouse in Canada
Filing for personal bankruptcy in Canada does not make your spouse responsible for your debts. The key exceptions involve joint debts, co-signed obligations, and jointly owned assets.
Five bankruptcy alternatives for Canadians struggling with debt
Canadians who owe more than they can repay have at least five viable bankruptcy alternatives that can reduce payments, lower interest, or settle debts for less than the full amount.
Spending
View All
Overpaying Your Credit Card Will (Temporarily) Increase Your Credit Limit, But Has Zero Impact On Your Score
"This can be great if your limit is low, you have the available funds and want to be able to put a large purchase on the card."
Here are the best no-fee joint bank accounts in Canada
Get all the features of a joint account with none of the fees. Compare Neo, Wealthsimple, EQ Bank and Tangerine.
Should you open a joint chequing account? Here’s what you need to know
Learn how a joint chequing account works in Canada, who can open one, and how the joint Neo Chequing account makes shared spending simpler.
New from Neo
View All
What to know as a first-time homebuyer in Canada
Reduce stress when buying your first home by better understanding the process, and use these three tips from to unlock homeownership like a pro.
Neo Financial Teams Up with CEBL
The Canadian Elite Basketball League (CEBL) is partnering up with Neo Financial™, a leader in Canada’s financial tech industry.
Strengthening our senior leadership team at Neo Financial
We are thrilled to share the appointment of several new senior leaders at Neo. Please join us in welcoming Amanda Broos as Chief People Officer, Dana Saric as Chief Legal Officer, Allemander Neto as Acting Chief Financial Officer, James Nauss as Chief Operating Officer, and Stefan Doan as Chief Information Officer.