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Best Business Cash Back Credit Cards in Canada

Cash back keeps business accounting simple: the reward is a dollar figure, not a points balance to value and redeem. These are the business cash-back cards we rate, ranked on what they earn across a realistic business spending mix.

Short answer: The Scotia Momentum for business Visa pays the highest mainstream business cash-back rate in Canada — 3% on gas and EV charging, restaurants, office supplies and recurring bills — for a $79 annual fee, with a $40,000 combined annual cap on the bonus tiers. If you want nothing to manage, the no-fee version pays a flat, uncapped 1%, and the BMO CashBack Business Mastercard pays 1.5% on gas, office supplies and telecom with no fee. Figures checked September 17, 2026 against issuer pages.

Updated September 2026·4 cards ranked·How we rank →
Quick picks · jump to a cardBest cash back for business · Scotia Momentum for business Visa Card↓Best no-fee flat rate · Scotia Momentum for business No Fee Visa Card↓Simple no-fee cash back · RBC Business Cash Back Mastercard↓No-fee category cash back · BMO CashBack Business Mastercard↓

First, check whether you need a business card at all

Most Canadian issuers let a sole proprietor or side-business owner apply with their own name and Social Insurance Number rather than a registered business number, so being unincorporated is rarely the barrier people expect it to be. That also means a personal card stays on the table. Personal cards often earn at a higher rate on everyday categories such as groceries and gas, and the annual fee frequently buys more travel insurance. What a business card adds is separation of business and household spending at tax time, employee cards with individual limits, and a credit limit set against business revenue rather than personal income. Whether business spending stays off your personal credit file depends on the issuer, so confirm it rather than assuming. It is worth comparing the personal card you would otherwise carry before you decide.

Our Picks, Ranked

#1 · BEST CASH BACK FOR BUSINESS
Scotia Momentum for business Visa Card credit card
3.5
MoneyMint rating
among business cards

Why it’s #1: Three percent across gas and EV charging, restaurants, office supplies and recurring bills — the highest cash-back rate among the business cards we review, subject to a $40,000 combined annual cap.

$79Annual fee
$325Welcome bonusest. value of current offer
3%Top earn rate
20.99%Purchase APR

Good for

  • ✓3% cash back across five categories most businesses spend in, including recurring bills and…
  • ✓2% on shipping and on accounting and bookkeeping services, which few competing cards…

Worth knowing

  • !The 3% and 2% tiers share a $40,000 combined annual cap; past that, those categories drop to 1%.
  • !The $79 annual fee means roughly $2,650 of bonus-category spending a year just to break even against a…
Current offer: 5% cash back on up to $6,500 in eligible purchases for the first 3 months, plus a 2.99% introductory balance transfer rate for 6 months.
Apply nowSecure application on Scotiabank’s siteRead full review
#2 · BEST NO-FEE FLAT RATE
Scotia Momentum for business No Fee Visa Card credit card
2.8
MoneyMint rating
among business cards

Why it’s here: A flat 1% on everything with no annual fee, no categories and no cap — the simplest business card on this list, and the cheapest to keep.

$0Annual fee
$150Welcome bonusest. value of current offer
1%Top earn rate
21.99%Purchase APR

Good for

  • ✓No annual fee on the primary card and no fee for supplementary employee cards.
  • ✓A flat 1% with no categories to track and no annual cap on earnings.

Worth knowing

  • !1% is well below what a category card pays on fuel, office supplies or client meals.
  • !The 21.99% purchase APR is higher than several competing business cards, including its own $79 sibling.
Current offer: 10% cash back on up to $1,500 in eligible purchases for the first 3 months, worth up to $150.
Apply nowSecure application on Scotiabank’s siteRead full review
#3 · SIMPLE NO-FEE CASH BACK
RBC Business Cash Back Mastercard credit card
2.6
MoneyMint rating
among business cards
RBC Royal Bank · Mastercard

RBC Business Cash Back Mastercard

Why it’s here: a flat 1% on everything, including pre-authorized bills, with no annual fee and 2% for your first three months. Cash back is capped at $650 a year.

$0Annual fee
$62Welcome bonusest. value of current offer
1%Top earn rate
19.99%Purchase APR

Good for

  • ✓No annual fee, a free additional card, and 1% on all purchases including pre-authorized bills

Worth knowing

  • !Cash back is capped at $650 a year, and only one additional card is allowed
Current offer: 2% cash back on purchases for your first three full monthly statement periods, then 1%.
Apply nowSecure application on RBC’s siteRead full review
#4 · NO-FEE CATEGORY CASH BACK
BMO CashBack Business Mastercard credit card
2.6
MoneyMint rating
among business cards
BMO (Bank of Montreal) · Mastercard

BMO CashBack Business Mastercard

Why it’s here: 1.5% on gas, office supplies and telecom with no annual fee, which beats a flat 1% card if your spending concentrates in those three categories.

$0Annual fee
$150Welcome bonusest. value of current offer
1.5%Top earn rate
20.99%Purchase APR

Good for

  • ✓No annual fee on the primary card, no income or revenue minimum to apply 1.5% cash back on…

Worth knowing

  • !$50/year additional employee card fee not prominently disclosed 1.5% bonus categories cap at…
Current offer: 10% cash back on gas, office supplies, and cellphone/internet bill payments for the first 3 billing cycles, up to $150 total (based on $1,500 in eligible spend), plus a 0% introductory balance transfer rate for 9 months (3%…
Apply nowSecure application on BMO’s siteRead full review

All 4 at a Glance

Compare all business cards →
#CardAnnual feeWelcome bonus (est.)Top earn ratePurchase APRRating
1Scotia Momentum for business Visa Card$79$3253%20.99%3.5 ★Apply
2Scotia Momentum for business No Fee Visa Card$0$1501%21.99%2.8 ★Apply
3RBC Business Cash Back Mastercard$0$621%19.99%2.6 ★Apply
4BMO CashBack Business Mastercard$0$1501.5%20.99%2.6 ★Apply

Common Questions

Which Business Card Pays the Most Cash Back in Canada?

The Scotia Momentum for business Visa, at 3% on gas and EV charging, restaurants, office supplies and recurring bill payments. That rate applies until your combined 3% and 2% spending reaches $40,000 in a year, after which those categories earn 1%.

Is a $79 Annual Fee Worth Paying for 3% Cash Back?

It depends on where you spend. Against a no-fee 1% card, the extra 2% on bonus categories covers the $79 fee at roughly $3,950 of bonus-category spending a year, or about $330 a month. Below that, a no-fee card leaves you better off.

Are There No-Fee Business Cash Back Cards in Canada?

Yes. The Scotia Momentum for business No Fee Visa pays a flat 1% on everything with no cap, the BMO CashBack Business Mastercard pays 1.5% on gas, office supplies and telecom and a lower rate elsewhere, and the RBC Business Cash Back Mastercard pays a flat 1% with cash back capped at $650 a year. None of the three charges an annual fee on the primary card.

Does Business Cash Back Count as Taxable Income?

Credit card cash back is generally treated as a rebate on the purchase rather than income, which typically means it reduces the deductible expense rather than being taxed as revenue. Treatment depends on your circumstances, so confirm with your accountant.

More Rankings

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MoneyMint may earn a commission if you apply through some links on this site; that does not affect how cards are rated or ranked. Rates, fees and offers were confirmed on each issuer’s own site on September 17, 2026 and change without notice — confirm current terms on the issuer’s application page before you apply. Business credit cards in Canada generally require a personal guarantee from the business owner. This page is general information, not financial, legal or tax advice.