No fee everyday banking
Set up direct deposit and skip the monthly fee. Free to open, and the Easy plan has no monthly fee. Worth doing if you will actually move your pay or your CRA deposits over, not if the card sits unused. Code BREMO2026.
FreshBooks is a Toronto-based accounting software company that has been serving Canadian small businesses and freelancers since 2003. It's particularly strong for service-based businesses that invoice clients, track time, and manage project costs. In 2025, FreshBooks competes directly with QuickBooks Online and Wave for the Canadian small business market.
KOHO combines a no-fee bank account with built-in spending tracking and budgeting. Use code BREMO2026 for a sign-up bonus.
Get KOHO Free — Use Code BREMO2026| Plan | Monthly Cost | Clients | Best For |
|---|---|---|---|
| Lite | ~$19/mo | 5 active | Solo freelancers |
| Plus | ~$33/mo | 50 active | Growing freelancers |
| Premium | ~$60/mo | Unlimited | Small teams |
| Select | Custom | Unlimited | Larger businesses |
FreshBooks bills in CAD for Canadian customers, which is a notable advantage over US-based competitors. Pricing above is approximate — FreshBooks regularly offers promotional discounts for new accounts.
| Feature | FreshBooks | QuickBooks Online |
|---|---|---|
| Ease of use | Excellent | Good |
| Invoicing | Excellent | Good |
| Time tracking | Built-in | Add-on |
| Inventory | Basic | Excellent |
| Payroll | Via integration | Built-in add-on |
| Billing currency | CAD | CAD |
| Best for | Service businesses | Product businesses |
FreshBooks built its reputation among Canadian freelancers and consultants. If your business primarily invoices clients for time or services, FreshBooks is arguably the best-designed tool for your workflow. The time-tracking integration with invoicing is seamless — log hours to a project, click a button, and a professional invoice is generated automatically.
Canadian support is also a genuine advantage. FreshBooks has local support staff familiar with Canadian tax rules, GST/HST requirements, and the Canadian banking system.
FreshBooks is an excellent choice for Canadian freelancers and service-based small businesses. Its Canadian roots mean it's built with local tax requirements in mind, billed in CAD, and supported by a team that understands Canadian business. For product-based businesses or those needing complex inventory management, QuickBooks Online is the stronger choice. For invoicing-focused businesses, FreshBooks is hard to beat.