Approved Tools

Our Approved Tools

We only list tools we'd use ourselves. No bank referrals. No conflicts. Just the platforms that make sense for Canadian income investors.

Platforms

Recommended Platforms

Wealthsimple

Commission-Free Trading

Canada's largest commission-free trading platform. Ideal for DRIP investors building positions over time - no per-trade fees means every dollar goes into shares, not commissions.

Best for

DRIP investors, beginners, tax-sheltered accounts (TFSA, RRSP, FHSA)

Visit Wealthsimple →

We're working on an affiliate relationship with Wealthsimple. This is a direct link in the meantime.

Questrade

Low-Cost Active Investing

Canada's go-to broker for active income investors. ETF purchases are free. Ideal for investors building a diversified dividend portfolio across multiple holdings.

Best for

Active income investors, ETF buyers, investors wanting more control

Visit Questrade →

Affiliate application in review. This is a direct link in the meantime.

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Disclosure

Full Disclosure

Prospyr may earn a commission if you sign up for a platform through our links. This never affects which tools we recommend or what we say about them. We only list platforms we believe are genuinely good for Canadian income investors. This page is updated whenever our recommendations change.

This is informational only and not licensed financial advice. Always do your own research before choosing a brokerage or financial platform.