Canadian High Interest Savings Bank Accounts - Forum: Motive Financial https://www.highinterestsavings.ca/forum/motive-financial/ Simple:Press Version 6.11.10 UkrainianDude on Motive Financial accounts migrating to National Bank https://www.highinterestsavings.ca/forum/motive-financial/motive-financial-accounts-migrating-to-national-bank/page-27/#p112846 Motive Financial https://www.highinterestsavings.ca/forum/motive-financial/motive-financial-accounts-migrating-to-national-bank/page-27/#p112846

Norman1 said

UkrainianDude said
I have one of my GICs maturing at the beginning of April. What is the best way to withdraw the funds? I have a progress account. Can I link my Wealthsimple account with it and pull the funds free of charge, or what are my options? Thanks.

Add a link to the external account from the National Bank investment account holding the GIC's. Ask National Bank to then direct deposit the GIC interest and maturing GIC principal to the external account. See previous post.  

I have successfully linked WS with NB Progress account. Will pull funds when GIC matures.

]]> Wed, 01 Apr 2026 23:01:41 -0700 savemoresaveoften on Motive Financial accounts migrating to National Bank https://www.highinterestsavings.ca/forum/motive-financial/motive-financial-accounts-migrating-to-national-bank/page-27/#p112845 Motive Financial https://www.highinterestsavings.ca/forum/motive-financial/motive-financial-accounts-migrating-to-national-bank/page-27/#p112845 Few months ago I reqest a money order for the amount and it was free of charge too.
That should still be the case.

]]> Wed, 01 Apr 2026 21:41:23 -0700 Norman1 on Motive Financial accounts migrating to National Bank https://www.highinterestsavings.ca/forum/motive-financial/motive-financial-accounts-migrating-to-national-bank/page-27/#p112844 Motive Financial https://www.highinterestsavings.ca/forum/motive-financial/motive-financial-accounts-migrating-to-national-bank/page-27/#p112844

UkrainianDude said
I have one of my GICs maturing at the beginning of April. What is the best way to withdraw the funds? I have a progress account. Can I link my Wealthsimple account with it and pull the funds free of charge, or what are my options? Thanks.

Add a link to the external account from the National Bank investment account holding the GIC's. Ask National Bank to then direct deposit the GIC interest and maturing GIC principal to the external account. See previous post.

]]> Wed, 01 Apr 2026 12:15:27 -0700 LarryS on Motive Financial accounts migrating to National Bank https://www.highinterestsavings.ca/forum/motive-financial/motive-financial-accounts-migrating-to-national-bank/page-27/#p112836 Motive Financial https://www.highinterestsavings.ca/forum/motive-financial/motive-financial-accounts-migrating-to-national-bank/page-27/#p112836

UkrainianDude said
I have one of my GICs maturing at the beginning of April. What is the best way to withdraw the funds? I have a progress account. Can I link my Wealthsimple account with it and pull the funds free of charge, or what are my options? Thanks.  

I'm in the same situation where I have numerous GICs maturing throughout 2026. I've simply linked my Progress Account to an account in another FI (in my case, Saven) and pulled the funds out. Everything went smoothly, no problems at all and no extra fees or service charges.

]]> Wed, 01 Apr 2026 01:29:20 -0700 dommm on Motive Financial accounts migrating to National Bank https://www.highinterestsavings.ca/forum/motive-financial/motive-financial-accounts-migrating-to-national-bank/page-26/#p112831 Motive Financial https://www.highinterestsavings.ca/forum/motive-financial/motive-financial-accounts-migrating-to-national-bank/page-26/#p112831

Andrew1387 said
If you aren't happy with NB, you should set up an account with WealthOne Bank of Canada.
It is currently paying 2.6% and its savings account allows you to transfer funds to your accounts at other FIs seamlessly, pay bills, and do scheduled bill payments and scheduled transfers  

Pay some bills yes but not 2025 CRA income tax owed. Strange one.

]]> Tue, 31 Mar 2026 13:11:56 -0700 UkrainianDude on Motive Financial accounts migrating to National Bank https://www.highinterestsavings.ca/forum/motive-financial/motive-financial-accounts-migrating-to-national-bank/page-26/#p112828 Motive Financial https://www.highinterestsavings.ca/forum/motive-financial/motive-financial-accounts-migrating-to-national-bank/page-26/#p112828 I have one of my GICs maturing at the beginning of April. What is the best way to withdraw the funds? I have a progress account. Can I link my Wealthsimple account with it and pull the funds free of charge, or what are my options? Thanks.

]]> Tue, 31 Mar 2026 12:06:40 -0700 Alexandra on Motive T5 2026? https://www.highinterestsavings.ca/forum/motive-financial/motive-t5-2026/page-2/#p112331 Motive Financial https://www.highinterestsavings.ca/forum/motive-financial/motive-t5-2026/page-2/#p112331

savemoresaveoften said
Since I will have both Motive AND National Bank slips (from Motive GIC), let's hope CRA nor National Bank mess it up and end up having one overwrite the others....  

One thing people are missing 🙂 is Canadian Western Bank had a lot of CWB envelopes left so National Bank is using up their envelopes with a faded extra stamped address in black saying "National Bank of Canada on it" sf-surprised

]]> Tue, 24 Feb 2026 01:51:50 -0800 Norman1 on Motive T5 2026? https://www.highinterestsavings.ca/forum/motive-financial/motive-t5-2026/page-2/#p112329 Motive Financial https://www.highinterestsavings.ca/forum/motive-financial/motive-t5-2026/page-2/#p112329 Multiple uploaded T5 slips with report code "O" (box 21) won't overwrite.

]]> Mon, 23 Feb 2026 22:25:17 -0800 savemoresaveoften on Motive T5 2026? https://www.highinterestsavings.ca/forum/motive-financial/motive-t5-2026/page-2/#p112328 Motive Financial https://www.highinterestsavings.ca/forum/motive-financial/motive-t5-2026/page-2/#p112328 Since I will have both Motive AND National Bank slips (from Motive GIC), let's hope CRA nor National Bank mess it up and end up having one overwrite the others....

]]> Mon, 23 Feb 2026 21:34:56 -0800 Norman1 on Motive T5 2026? https://www.highinterestsavings.ca/forum/motive-financial/motive-t5-2026/page-2/#p112292 Motive Financial https://www.highinterestsavings.ca/forum/motive-financial/motive-t5-2026/page-2/#p112292

tokyokaminvoice said
Motive T5 mailed and received few days ago -- Canadian Wertern Bank

However, T5 shows up in My CRA but it's under BANQUE NATIONALE DU CANADA

Question is when we file our tax, do we use Canadian Western or BANQUE NATIONALE DU CANADA?

Canadian Western Bank ceased to exist sometime in March last year when it and National Bank of Canada amalgamated.

The T5 slip (more accurately, the info in the slip) was actually uploaded to CRA by National Bank of Canada.

I've reviewed the files NETFILE software uploads to CRA for my returns. As AltaRed described, the info of each individual slip is not uploaded.

]]> Sun, 22 Feb 2026 11:58:36 -0800 AltaRed on Motive T5 2026? https://www.highinterestsavings.ca/forum/motive-financial/motive-t5-2026/#p112291 Motive Financial https://www.highinterestsavings.ca/forum/motive-financial/motive-t5-2026/#p112291 If you are using tax software, the Netfile dataset simply rolls up the T5 amounts, with no identifiers by source, and it thus doesn't matter for CRA purposes. The identifiers are for your use when populating the software.

]]> Sun, 22 Feb 2026 11:16:10 -0800 tokyokaminvoice on Motive T5 2026? https://www.highinterestsavings.ca/forum/motive-financial/motive-t5-2026/#p112290 Motive Financial https://www.highinterestsavings.ca/forum/motive-financial/motive-t5-2026/#p112290 Motive T5 mailed and received few days ago -- Canadian Western Bank

However,

T5 shows up in My CRA but it's under BANQUE NATIONALE DU CANADA

Question is when we file our tax, do we use Canadian Western or BANQUE NATIONALE DU CANADA?

]]> Sun, 22 Feb 2026 11:10:18 -0800 dell15454 on Motive T5 2026? https://www.highinterestsavings.ca/forum/motive-financial/motive-t5-2026/#p112214 Motive Financial https://www.highinterestsavings.ca/forum/motive-financial/motive-t5-2026/#p112214 Received T5's from CWB re Motive accounts yesterday. These are for period up to the migration date.
It states NB will send a T5 for period after migration to December 31 2025

]]> Tue, 17 Feb 2026 23:52:18 -0800 canadian.100 on Motive T5 2026? https://www.highinterestsavings.ca/forum/motive-financial/motive-t5-2026/#p112206 Motive Financial https://www.highinterestsavings.ca/forum/motive-financial/motive-t5-2026/#p112206

rk said
Thanks, I will check my mail tomorrow. In Ontario today is a holiday, so I doubt that any mail was delivered.  

There was mail delivery on Family Day by Canada Post.
Family Day is an Ontario provincial statutory holiday.
Canada Post is under federal legislation.

]]> Tue, 17 Feb 2026 06:52:20 -0800 Alexandra on Motive T5 2026? https://www.highinterestsavings.ca/forum/motive-financial/motive-t5-2026/#p112205 Motive Financial https://www.highinterestsavings.ca/forum/motive-financial/motive-t5-2026/#p112205 I don't see this posted anywhere but here it is anyway:

"For 2025, CWB clients who have migrated to National Bank- your tax slips will be issued in two parts:

- You will receive a tax slip from CWB that covers the period between Jan1, 2025 and your migration date.
This printed CWB tax Slip displays "CWB" as the issuer, however, the issuer may display "National Bank of Canada" on your CRA on-line account.

- You still also receive a tax slip from National Bank that covers the period between your migration date and December 31, 2025.

]]> Tue, 17 Feb 2026 04:24:08 -0800