High Interest Saving Account(HISA) suggestion?

https://www.moneysense.ca/save/best-hig ... ts-canada/

or get GICs, eg try Oaken, make a ladder - depending on what/when you need the money.

Minors - it is complicated but they can't sign contracts, so the only money they can have is either directly from Child Benefit (or IIRC from overseas relatives) - money you give them is attributed back to you for interest and dividends (not cap gains though - again IIRC). You have to start up an ITF, an informal trust, and have a paper trail to show where the money's come from.

Or start an RESP, which is worth doing anyway.

If you do the ITF, then you should do a tax return but yes if the income is below the personal allowance, no tax owing.

HISAs = Alterna - EQ - People's (x2) - Oaken (x2) - LBC - Motive...
I have 1 each (or 2, where indicated)...
BIG SMILES... /G

Can tire bank is 1.8% . I use this for emergency fund only.

Basic bond etf or mutual funds consistently outperform and are generally safe.

Max resp for kids first. Couch potato strategy is fine.