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Reddit Personal Finance Canada Review: Read Before Joining 

Reddit Personal Finance Canada is a popular online community where Canadians discuss various aspects of personal finance, including budgeting, investing, banking, and taxes. 

The subreddit has over 1 million members and is a valuable resource for those seeking advice, guidance, and support in their personal financial journey.

The platform allows users to share their personal experiences, ask questions, and receive feedback from fellow members.

This provides a unique opportunity for individuals to learn from the experiences of others and gain valuable insights into personal finance management. 

Reddit Personal Finance Canada also hosts regular discussions, and Q&A sessions, and provides links to informative articles, tools, and resources.

The fundamental question is, is it worth joining the subreddit? This is what this Reddit Personal Finance Canada review helps you determine.

Overview of Reddit Personal Finance Canada

Operating Platform Reddit
Subreddit namer/PersonalFinanceCanada
Main subject Personal Finance in Canada 
Date created January 2, 2012
Number of members 1.2 million 
Number of moderators7

Reddit Personal Finance Canada is a subreddit on Reddit that provides Canadians a platform to discuss anything concerning personal finance in Canada.

Through this subreddit, members share their personal finance experiences, ask questions, and learn from others.

Here’s how the platform works:

  • As a public forum, anyone can view the content of the group without registering. However, to participate in discussions, you need to create a Reddit account.
  • Once you’ve created a Reddit account, you can join the subreddit by searching for it and clicking the “Join” button. 
  • The subreddit is divided into threads called “posts,” with each post focused on a specific topic. Members can create their own posts or comment on existing ones.
  • Posts can be upvoted or downvoted by other members based on their relevance or usefulness. The posts with the most upvotes appear at the top of the subreddit’s feed, making them more visible to members.
  • Members can also share links, articles, or resources related to personal finance topics. This is especially useful for members looking for more in-depth information on specific topics.

Reddit Personal Finance Canada Topics 

The community covers a wide range of personal topics such as: 

  • Employment
  • Banking
  • Budget
  • Housing 
  • Taxes
  • Credit
  • Auto
  • Investing
  • Retirement
  • Misc

You can filter posts or create posts based on any of the above topics or flairs. You can’t publish a post without choosing one of the flairs. Also, you’re allowed to choose only one flair per post.

Reddit Personal Finance Canada Rules

Below are the rules guiding the activities of Reddit Personal Finance Canada.

1. Posts must be about personal finance in Canada

The first rule of the subreddit is that all posts must be related to personal finance in Canada. This means that discussions, questions, and advice should be focused on things that concern Canadians.

Posts that are not related to personal finance or are not relevant to the Canadian context may be removed by the moderators. Examples of posts that are not allowed include posts related to:

  • Politics
  • Career advice 
  • Job hunting 
  • Random ranting
  • Housing price complaint 
  • Tax evasion
  • Employment negotiation
  • Etc.

2. Be helpful and respectful

Members are expected to be always helpful and respectful in their interactions with others. This means refraining from making derogatory or offensive comments, avoiding personal attacks or insults, and offering constructive advice or feedback when possible. 

3. Avoid most self-promotion

Posting promotional content or links to your own products or services can be considered spam and may result in a warning or a ban from the subreddit. 

While it is acceptable to share relevant and helpful resources or articles, it is best to avoid excessive self-promotion and focus on contributing valuable insights and advice to the community. 

4. All specific investment recommendations will be removed. Crypto is considered a specific investment

According to rule 4 of the Reddit Personal Finance Canada subreddit, any specific investment recommendations will be removed, and this includes cryptocurrency. 

This means that users are not allowed to post or request investment advice that pertains to specific investments or cryptocurrencies.

However, members are allowed to discuss crypto as it relates to Canadian personal finance, broad funds/ETFs, and investment concepts.

5. IamAs/AMAs must be approved by mods

The subreddit also hosts a special program known as IAMA (I am a) and AMA (Ask me anything) where products and services provide real-time answers to the questions of the community members.

Before hosting IamAs/AMAs on the subreddit, they must be approved by moderators.

People from different companies have participated in this special program. This includes:

  • PolicyMe
  • WealthBar
  • StatsCan 
  • Boomer & Echo
  • Passiv

Posting Guidelines

In addition to the above subreddit rules, you need to also follow the following guidelines when posting on Reddit Personal Finance Canada.

  • Include sources
  • Have an in-depth answer
  • Be inquisitive
  • Be welcoming and friendly

Relevant Links and Recommendations 

Reddit Personal Finance Canada also provides relevant links to help users improve their understanding of personal finance.

The subreddit has the following recommended books: 

  • The Wealthy Barber Returns by David Chilton
  • Millionaire Teacher by Andrew Hallam
  • The Value of Simple by John Robertson
  • Reboot Your Portfolio by Dan Bortolotti 
  • The Sleep-Easy Retirement Guide by David Aston
  • The Rule of 30 by Fred Vettese
  • The Procrastinator’s Guide to Retirement by David Trahair

In addition, the subreddit recommends members to Canadian Couch Potato, one of the best personal finance blogs in Canada that specializes in passive index investing.

Other relevant links and guides on the subreddit include: 

  • A step-by-step guide of what to prioritize / what to do with money
  • Frequently asked questions on things related to personal finance in Canada
  • Wiki index with many more subjects including guides, tools, and surveys

Other Key Features

The following are other key features of Reddit Personal Finance Canada.


The subreddit supports the use of triggers so as to provide auto-response in the comment section. 

Some users usually ask questions related to what has been answered. Instead of repeating the answers, members can use triggers to provide auto-response, saving time.

The following is a list of triggers on the subreddit.

Community List

The subreddit also recommends other subreddits to its members in order to improve their understanding of personal finance. The recommended subreddits are highlighted below:

  • r/personalfinance (17.7 million members)
  • r/investing (2.2 million members)
  • r/cantax (18k members)
  • r/CanadianInvestor (345k members)
  • r/fican (34k members)
  • r/financialindependence (1.9 million members)

Subreddit Chat Discords 

Finally, Reddit Personal Finance Canada provides access to two discords that allow its members to chat, play, game, stream, join communities and hang out. These two discords are:

You will need to download the app for each discord before joining. Just click on your preferred discord and accept the invitation. You will then be redirected to your App Store or Google PlayStore to download and install the app.

Pros and Cons Reddit Personal Finance Canada

From the above review of Reddit Personal Finance Canada review, we can identify the following pros and cons of the subreddit: 


  • Community support: Reddit Personal Finance Canada has a large and active community that provides support and advice on personal finance topics. 
  • Canadian-focused: The subreddit is specifically focused on personal finance topics relevant to Canadians, so you can get information that is tailored to your setting.
  • Free advice: The advice and information shared on the subreddit is free, making it accessible to more people. 
  • Variety of topics: The subreddit covers a wide range of personal finance topics, including budgeting, banking, investing, employment, taxes, and more.


  • No professional advice: While there are some financial professionals who participate in the subreddit, it’s important to remember that the advice given is not a substitute for professional financial advice tailored to your specific situation. It’s important to fact-check and verify any information you receive before acting on it.
  • Overwhelming information: With so many people contributing to the subreddit, it can be overwhelming to navigate the information and advice. It’s important to take the time to carefully read and evaluate the information you receive.

Should You Join Reddit Personal Finance Canada?

From the above review, you can see that Reddit Personal Finance Canada has a lot to offer.

But the ultimate decision for joining the subreddit depends on your personal financial goals and needs. 

If you are looking for a platform to discuss personal finance issues, seek advice, and share your experiences with like-minded Canadians, then this subreddit can be an excellent resource for you.

The community is incredibly active, and there is a wealth of information available on various personal finance topics. The members come from diverse backgrounds and have different levels of financial knowledge, which allows for a wide range of perspectives and insights.

By joining the subreddit, you can learn about different financial products, services, and strategies that have worked for others. You can also seek guidance on issues you are facing and receive feedback and support from fellow members.

However, it is important to note that the advice given on the subreddit should be taken with caution, as it is not provided by licensed financial advisors. Even the subreddit suggests that:

“You should always double check any information with multiple sources. Some situations may warrant contacting a professional”

As such, you may need to do your own research and seek professional advice before making any significant financial decisions from the insight obtained from the subreddit.

Also, you should be prepared to take contrastive views on your post or comments on the subreddit as each member is entitled to their opinion.

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About John Adebisi

John Adebisi is a CPA, FCCA and MBA holder with a Bachelor's degree in Accounting & Finance. He has over a decade of experience in writing personal and business finance content for audiences across North America, Europe, the UK and Africa. In addition to his writing experience, he also has a strong background in financial research and analysis, giving him a unique perspective of the financial markets. John derives pleasure in helping people make smart financial decisions, and he believes that knowledge and experience can be valuable resources for anyone who wants to learn how to manage their money.

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