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BEST BANK ACCOUNTS FOR NEW IMMIGRANTS TO CANADATop 10 banks in Canada � 1. Royal Bank of Canada (RBC) � 2. Toronto-Dominion Bank (TD) � 3. Bank of Nova Scotia (Scotiabank) � 4. Bank of. Below is our analysis of each of Canada's three biggest banks, which are the Royal Bank of Canada, the Toronto-Dominion Bank, and the Bank of Nova Scotia. 1. RBC � 2. TD Bank � 3. Bank of Montreal (BMO) � 4. CIBC � 5. Scotiabank � 6. President's Choice Financial � 7. Tangerine � 8. National Bank of Canada.