The 8 Best Signup Bonuses In Canada

January 18, 2024
Blog

One great way to earn money quickly is to capitalize on the various signup bonuses offered by financial institutions. From credit cards to bank accounts to crypto exchanges and more, there are plenty of companies willing to pay you to sign up for their products and services, including those that are free.

Our team spends dozens of hours each month scouring the web for the best Canadian signup bonuses that pay out the most for the last amount of effort. Here are the top signup bonuses currently available in Canada:

  1. VirgoCX – $20
  2. Bitbuy – $50

The Best Signup Bonuses In Canada

Below, you'll find the easiest, most lucrative signup bonus offers available in Canada today. Each of the three offers below take less than 15 minutes to secure, though you may have to wait a day or two to have accounts verified etc.

1. Bitbuy – $50

Offer Valid Until: Unknown
Bonus Requirements: $250+ initial deposit

Like VirgoCX, Bitbuy is also offering a $50 signup bonus, though Bitbuy charges a 1.5% withdrawal fee, so you’ll only end up ~$26 ahead after it’s all said and done.

Get your $50 signup bonus with Bitbuy here.

2. VirgoCX – $20

Offer Valid Until: May 29, 2024
Bonus Requirements: $100+ initial deposit

VirgoCX is currently our #1-rated crypto exchange, both because of its extremely low fees and the overall quality of the platform. I've personally used them for more than a year and can't recommend them highly enough.

Get your $20 signup bonus with VirgoCX here.

I strongly recommend opening accounts with both of the crypto exchanges above to earn a quick, easy $50. Even without signup bonuses, it’s a good idea to open accounts with multiple crypto exchanges so you can capitalize on the strengths of each while avoiding their weaknesses.

Note: The signup bonuses below are good, but they aren’t nearly as easy to get as the ones above. I suggest capitalizing on the three bonuses above before moving further down this list.

Trade crypto with the lowest fees

Kraken is our #1-rated, fully secure crypto platform. With the lowest total fees in the industry (less than 0.2%) and 24/7 customer support, Kraken is our #1-rated crypto exchange.

Claim your account by May 29, 2024 to get exclusive access to this special deal.

Other Signup Bonuses In Canada

American Express Platinum Card – $2,000 – $3,000

Offer Valid Until: Unknown
Bonus Requirements: Spend $10,000 on the card in the first 3 months to get 100,000 MR points, worth $2,000 – $3,000. You’ll also need to pay the $799 annual fee (though a $200 travel credit makes the annual fee feel $200 lower).

American Express Cobalt Card – $600 – $900

Offer Valid Until: Unknown
Bonus Requirements: Spend $500/month on the card for the first 12 months to get 15,000 MR points, worth $600 – $900. You’ll also need to pay an $11.99 monthly fee, which adds up to $155.88/year.

HSBC – $400

Offer Valid Until: December 31, 2022
Bonus Requirements: Open a Premier or Advanced Chequing Account online, plus complete two of these four additional requirements:

  1. Set up recurring payroll within 6 months of opening your account 
  2. Send 2 separate merchant pre-authorized debits within 3 months of opening your account 
  3. Send 2 INTERAC e-transfers® to separate parties within 3 months of opening your account 
  4. Make 2 online bill payments, to 2 separate merchants, within 3 months of opening your account

Scotiabank – $350

Offer Valid Until: April 30, 2023
Bonus Requirements: Open a new Ultimate or Preferred Package, plus complete two of these three additional requirements: 

  1. Set up one eligible automated recurring direct deposit, like payroll or pension, that recurs for 3 months in a row.
  2. Set up 2 eligible separate recurring pre-authorized transactions worth $50 or more that recur for 3 months in a row.
  3. Make one eligible $50 bill payment with online or mobile banking.

Newton – $25

Offer Valid Until: Unknown
Bonus Requirements: $100 initial deposit

Newton is another Canadian crypto exchange, though we don’t particularly recommend it for frequent crypto traders. If you plan to buy and sell crypto regularly, you’re better off with one of the three exchanges at the top of this, though if you just want another quick signup bonus, Newton is great for that.

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