Best Balance Transfer Credit Cards in Canada for August 2026

For the Toronto balance carrier ($3,000 average balance); spend mix is applied consistently to every card, we estimate $375 in annual rewards before fees and $-379 in ongoing net value after quantified costs and benefits.

The downside: $49 annual fee; actual value depends on your spending and redemption choices

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• 2% Up to 2% cash back

• Up to 2% cash back
• Scotiabank issuer annual-fee disclosure: $49
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto balance carrier ($3,000 average balance); spend mix is applied consistently to every card, we estimate $375 in annual rewards before fees and $-379 in ongoing net value after quantified costs and benefits.

The downside: $49 annual fee; actual value depends on your spending and redemption choices

Read our full review →

• 2% Up to 2% cash back

• Up to 2% cash back
• Scotiabank issuer annual-fee disclosure: $49
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto balance carrier ($3,000 average balance); spend mix is applied consistently to every card, we estimate $0 in annual rewards before fees and $-377 in ongoing net value after quantified costs and benefits.

The downside: $35 annual fee; actual value depends on your spending and redemption choices

Read our full review →

• FCAC annual-fee disclosure: First card: $35.00 Second card: No fee
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto balance carrier ($3,000 average balance); spend mix is applied consistently to every card, we estimate $188 in annual rewards before fees and $-517 in ongoing net value after quantified costs and benefits.

The downside: Actual value depends on your spending and redemption choices

Read our full review →

• 1% 0.5%-1% cash back

• 0.5%-1% cash back
• Scotiabank issuer annual-fee disclosure: $0
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto balance carrier ($3,000 average balance); spend mix is applied consistently to every card, we estimate $188 in annual rewards before fees and $-517 in ongoing net value after quantified costs and benefits.

The downside: Actual value depends on your spending and redemption choices

Read our full review →

• 1% 0.5%-1% cash back

• 0.5%-1% cash back
• Scotiabank issuer annual-fee disclosure: $0
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT

For the Toronto balance carrier ($3,000 average balance); spend mix is applied consistently to every card, we estimate $0 in annual rewards before fees and $-524 in ongoing net value after quantified costs and benefits.

The downside: $29 annual fee; actual value depends on your spending and redemption choices

Read our full review →

• Scotiabank issuer annual-fee disclosure: $29
• Availability: AB, BC, MB, NB, NL, NS, NT, NU, ON, PE, QC, SK, YT