TD Business Cash Back Visa

Overview

The TD Business Cash Back Visa Card is TD Bank's no-fee cashback option for Canadian small business owners. It earns cashback on everyday business expenses with no annual fee attached, making it an entirely cost-free tool for sole proprietors and small operations. The earn structure centres on 2% cashback on gas and EV charging, public transit, office supplies, and recurring bill payments and streaming. All other purchases earn at a lower base rate. There is a $15,000 CAD annual spending cap per bonus category before the earn rate drops to the base rate, which is generous for most small businesses.

Who this card is for

This card fits a small business owner or self-employed professional whose biggest recurring costs include office supplies, phone and internet bills, and gas. There's no stated minimum income requirement, which makes it broadly accessible. If your monthly business operating costs across gas, office supplies, and recurring bills total $2,000 CAD, you're generating roughly $480 CAD in cashback over a year at the 2% rate — a reasonable return for a no-cost card.

Key benefits

The breadth of the 2% earn rate is the strongest element here. Many business cards restrict elevated cashback to a single category; this one covers gas, transit, office supplies, and recurring bills simultaneously. Cashback dollars accumulate and are credited back to your business account annually, which simplifies the bookkeeping element.

The $15,000 annual cap per category is high enough that most small businesses running this card as a secondary purchasing tool will never hit it. The card includes purchase protection and extended warranty on eligible items, which adds a layer of protection for business equipment purchases. No annual fee means every dollar of cashback is net profit, with no offset calculation required.

Potential drawbacks

The base earn rate on purchases outside the 2% categories is 0.5%, which is low. If a significant portion of your business spending falls outside gas, office supplies, transit, and recurring bills — say, professional services, contractor payments, or restaurant client entertaining — that spending earns at an unremarkable rate. There are also no travel benefits, no lounge access, and no points transferability. This is a purely functional cashback tool without travel perks.

How it compares

The TD Business Travel Visa earns TD Rewards points redeemable for travel via Expedia For TD at $149 CAD annually — a better fit for business owners who travel frequently. The American Express Gold Business earns 3x MR points on gas and advertising at $250 CAD annually — a stronger return for businesses with high advertising spend, but at a real cost. For zero-fee business cashback, the TD Business Cash Back Visa is difficult to improve on domestically.

Bottom line

If you run a small Canadian business and want cashback on the operating expenses you're already incurring — office supplies, gas, recurring software subscriptions — the TD Business Cash Back Visa is a cost-free way to get money back without adding an annual fee line item to your budget.