$35–60
Average CAD wasted per year on foreign exchange fees by Canadians paying for AI subscriptions with a standard bank card. One card switch fixes it permanently.

Quick Facts Every Canadian Should Know

2.5%

Foreign exchange fee most Canadian banks add to every USD transaction. On $20 USD, that is $0.70 per month, $8.40 per year — per subscription.

13%

HST that Ontario residents pay on digital subscriptions. A $20 USD tool costs roughly $32 CAD all-in in Ontario. Alberta residents pay only 5% GST.

~1.40

Current CAD/USD exchange rate. A $20 USD/month subscription = ~$28 CAD before tax. Always calculate in CAD before deciding if something is worth it.

$0

Cost of switching to a no-FX credit card. Scotiabank Passport Visa and Brim Mastercard both have no foreign exchange fees. The Brim card has no annual fee.