Best Business Credit Cards Canada 2026 | Top Picks
Updated
A dedicated business credit card does three things a personal card can’t: it separates your business expenses cleanly for tax time, offers higher credit limits for cash flow management, and earns rewards on every purchase. You don’t need to be incorporated: sole proprietors qualify for every card on this list using their personal credit. The best choice depends on whether you value simple flat-rate points (Amex Business Gold), travel without foreign exchange fees (Scotiabank Passport Business), or straightforward cashback (BMO CashBack Business). Personal cards are covered across our credit card reviews and roundups.
Business-card fees, earn rates and welcome offers change, so confirm current terms directly at americanexpress.com/en-ca, scotiabank.com, td.com, bmo.com, rbc.com, or cibc.com before applying.
Best by Category
Best for Simple Flat-Rate Points
The Amex Business Gold is a straightforward flat-rate points card: every purchase earns 1x Membership Rewards point, with no bonus categories to track (it does NOT auto-detect your top two spending categories for a 2x bonus – that feature exists on a US-only Amex Business Gold Card that is not sold in Canada). It also pays a quarterly bonus of 10,000 points once you hit $20,000 in net purchases. Check the current welcome offer at americanexpress.com/en-ca, since it changes often.
Best for: International travel and purchases – the no-FX-fee value proposition matches the personal Scotiabank Passport Visa Infinite.
Best for No Annual Fee
BMO CashBack Business Mastercard (No Fee)
Feature
Details
Annual fee
$0 (confirm current terms at bmo.com)
Cash back
Confirm current rate at bmo.com
Insurance
Basic purchase protection
Best for: Simple business needs, starting out.
Best for Cash Back
BMO CashBack Business Mastercard (Premium)
Feature
Details
Annual fee
Confirm current fee at bmo.com
Cash back
Confirm current category rates at bmo.com
Insurance
Enhanced purchase protection
Best for: Businesses with high gas/office spend, once you’ve confirmed current rates directly with BMO.
Business vs Personal Cards
The main advantage of a business card isn’t the rewards: it’s the clean separation at tax time. When every business expense flows through a dedicated card, you don’t have to sort through personal purchases to find deductible items. Most business cards also provide automatic expense categorization and integration with accounting software like QuickBooks and Xero. If you’re self-employed, a business card is one of the easiest organizational wins available.
Why Choose Business Cards
Advantage
Details
Higher credit limits
$10,000-100,000+
Employee cards
Track spending by person
Business categories
Better rewards on supplies, advertising
Expense tracking
Automatic categorization
Separate reporting
Clean bookkeeping
Business insurance
Often included
Qualification Differences
Factor
Personal
Business
Income required
Personal income
Business revenue
Credit check
Personal credit
Personal + sometimes business
Entity required
No
No (sole prop OK)
SIN required
Yes
Yes
Rewards Comparison
Cash Back
Card
Category 1
Category 2
Base Rate
BMO CashBack Business
3% gas
2% office
1%
Scotia Momentum for Business Visa ($79/yr)
3% gas/EV/dining/office supplies/recurring bills
2% professional services (shipping, accounting, bookkeeping)
1% (3%/2% categories capped $40,000/yr combined)
TD Cash Back Business
2% gas/EV charging/transit
2% office supplies
0.5%
Points/Miles
Card
Top Earning Rate
Point value (our assumption, not issuer-stated)
Amex Business Gold
1x flat (no bonus categories)
~1.5-2¢/pt
TD Aeroplan Business
1.5x Aeroplan
~1.5-2¢/pt
RBC Avion Business
1x all
~1-1.5¢/pt
Scotiabank Passport Visa Infinite Business ($199/yr)
The annual fee on a business credit card is fully tax-deductible if the card is used exclusively for business purchases. Interest charges on business purchases are also deductible. Rewards earned, however, are generally not considered taxable income by CRA: they’re treated as a discount on the purchase. Keep all monthly statements for at least six years in case of an audit, and ideally sync your card directly with your accounting software for automatic tracking.
Deductible Expenses
Item
Deductible?
Annual fee
Yes (if 100% business use)
Interest charges
Yes (if business purchases)
Foreign transaction fees
Yes
Rewards earned
Generally not taxable
Record Keeping
Best Practice
Why
Separate business card
Clean expense tracking
Save all statements
Tax audit support
Categorize expenses
Easier bookkeeping
Sync to accounting software
Automated tracking
The Bottom Line
Every self-employed Canadian and small business owner should have a dedicated business credit card for expense separation, higher limits, and business-specific rewards. Start with a no-fee option like the BMO CashBack Business if you’re just getting started, and upgrade to the Amex Business Gold or Scotiabank Passport once your spending justifies the annual fee.