Institution profile · Domestic bank (Schedule I)
Canadian Tire Bank
ActiveCanadian Tire BankCDIC
Canadian Tire Bank is the Schedule I bank behind Canadian Tire’s financial services. Scotiabank sold its 20% stake in the business back to Canadian Tire in 2023.
Profile facts checked October 30, 2026
At a glance
- Legal name
- Canadian Tire Bank
- Type
- Domestic bank (Schedule I)
- Owner / parent
- Canadian Tire Corporation, Limited
- Head office
- Oakville, ON
- Founded
- 2003 — The bank states it was established in 2003.
- Regulator
- Office of the Superintendent of Financial Institutions (OSFI) for safety and soundness; Financial Consumer Agency of Canada (FCAC) for consumer protection
- Best posted savings rate
- 2.4% on $10,000 (Canadian Tire High Interest Savings Account)
- OBSI banking cases
- 27 opened in fiscal 2025 (Nov 1, 2024 – Oct 31, 2025)
- Website
- www.ctfs.com
Deposit protection
CDIC member.
Canadian Tire Bank savings accounts and posted rates
| Account | Rate at $10,000 | Monthly fee |
|---|---|---|
| Canadian Tire High Interest Savings Account | 2.4% | No monthly fee |
On the official lists
| Legal entity | OSFI list | CDIC member |
|---|---|---|
| Canadian Tire Bank | OSFI — Schedule I domestic bank | Yes |
Facts, with sources
- Established in 2003 as the financial services subsidiary of Canadian Tire Corporation; based at 3475 Superior Court, Oakville.Source: media.ctfs.com
- Scotiabank sold its 20% interest in Canadian Tire’s Financial Services business back to Canadian Tire on October 31, 2023.Source: scotiabank.com
Your own pattern can change the order. Put your numbers into the true-cost finder to rank Canadian Tire Bank’s accounts against everyone else’s.
Complaints that reached the ombudsman
OBSI, the ombudsman for banking, opened 27 banking cases about Canadian Tire Bank in fiscal 2025 (Nov 1, 2024 – Oct 31, 2025), closed 24, and resolved 9 to the complainant’s satisfaction. Across all banks and credit unions, OBSI opened 5,438 banking cases that year (+113% on the year before) and 25% of closed cases ended with money paid.
Counts aren’t adjusted for size, so bigger banks have more cases. A complaint reaches OBSI only after the bank’s own process (up to 56 days). Source: OBSI Annual Report 2025, released March 13, 2026. How to complain.
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