Aeroplan Business: Two Tiers

TD Aeroplan Business costs $149 a year. The Amex Aeroplan Business Reserve costs $599 and delivers unlimited Maple Leaf Lounge access, a companion pass, and earn rates that scale with Air Canada flying. Here is what the extra $450 actually buys.

3 ways to fly

Move the spend slider to update how long each card takes to earn the points. The highlighted cell is the card you’ve selected.

Card:
Starting points 60,000 pts
Monthly spend: $5,000/mo
🗼
Business Class to Europe
Return business class, one passenger · YYZ or YVR to London, Frankfurt, or Paris
~$5,000 value

A flat bed on the way over. 🌍 London for Borough Market and the corner pub. Frankfurt for the Römerberg and easy day trips into the Rhine valley. Paris for everything it never needs to explain. Business class changes what jet lag feels like on the other end.

Points required · return business class, one passenger 130,000 pts
Starting points (60,000 pts) −60,000 pts
Remaining to earn 70,000 pts
Annual earn at $5,000/mo ~78,000 pts/yr
Time to goal 11 months
Business class cash fare saved ~$5,000+
TD Aeroplan Business
1.3 pts/$1 · 60K bonus
Amex Business Reserve
3 pts/$1 on AC · 90K bonus

~130,000 pts return · Aeroplan zone-based pricing, Air Canada or partner carrier. Cash equivalent varies widely by carrier, dates, and availability. TD blended: 1.3 pts/$1 (10% Air Canada at 2×, 40% travel/dining/telecom at 1.5×, 50% general). Amex Reserve blended: 1.54 pts/$1 (10% Air Canada/ACV at 3×, 15% hotels/rentals at 2×, 75% general at 1.25×). Verify at aircanada.com/aeroplan.

Time to Goal · TD Aeroplan Business
🗼
130,000 pts
🌊
Mexico for Two
Return economy, two passengers · any Canadian gateway to Cancun or Puerto Vallarta
~$1,700 value

A week in the sun for two. 🌴 Caribbean water if you choose Cancun. Pacific coastline and colonial towns if you land in Puerto Vallarta. Two economy seats, fully covered by points from everyday business spending.

Points required · two passengers return economy 100,000 pts
Starting points (60,000 pts) −60,000 pts
Remaining to earn 40,000 pts
Annual earn at $5,000/mo ~78,000 pts/yr
Taxes & fees (cash, both passengers) ~$200
Time to goal 7 months
Economy tickets saved vs. buying ~$1,700
TD Aeroplan Business
1.3 pts/$1 · 60K bonus
Amex Business Reserve
3 pts/$1 on AC · 90K bonus

~100,000 pts total for two passengers return · ~50,000 pts each, economy, Aeroplan zone pricing. At this goal size, the Amex Reserve’s 90K bonus nearly covers the full redemption. Cash equivalent approximately $700–$1,000 CAD per person depending on season. Verify at aircanada.com/aeroplan.

Time to Goal · TD Aeroplan Business
🌊
100,000 pts
🌅
Business Class Across the Pacific
Return business class, one passenger · YVR to Tokyo or Sydney
~$8,000 value

Fourteen hours across the Pacific. 🌏 Tokyo for the neighbourhoods, the ramen counters, and a transit system that makes other cities look careless. Sydney for the harbour and the long slow way back. A business class seat on this route is something you plan a trip around.

Points required · return business class, one passenger 200,000 pts
Starting points (60,000 pts) −60,000 pts
Remaining to earn 140,000 pts
Annual earn at $5,000/mo ~78,000 pts/yr
Time to goal 22 months
Business class cash fare saved ~$8,000+
TD Aeroplan Business
1.3 pts/$1 · 60K bonus
Amex Business Reserve
3 pts/$1 on AC · 90K bonus

~200,000 pts return business class · YVR to NRT or SYD on Air Canada or partner carrier. Market fares for premium transpacific range from ~$7,000–$12,000 CAD return. Availability is limited — book early. Verify at aircanada.com/aeroplan.

Time to Goal · TD Aeroplan Business
🌅
200,000 pts
Annual value by card
Spend is set from the bar above. Select your expected Aeroplan redemption value.
Aeroplan redemption value
TD Aeroplan Visa Business
Annual pts earned
Value at 1.5 cpp
Annual fee−$149
Welcome bonus (year 1)
Year 1 total return
Ongoing net (earn − fee)
Amex Aeroplan Business Reserve
Annual pts earned
Value at 1.5 cpp
Annual fee−$599
Welcome bonus (year 1)
Year 1 total return
Ongoing net (earn − fee)
TD · $149/yr
CategoryRateAnnual
Air Canada ($500/mo)2.0×
Travel, dining, telecom ($2,000/mo)1.5×
Other ($2,500/mo)1.0×
Annual earn
Amex Reserve · $599/yr
CategoryRateAnnual
Air Canada & ACV ($500/mo)3.0×
Hotels & car rentals ($750/mo)2.0×
All other ($3,750/mo)1.25×
Annual earn

TD split: 10% Air Canada direct (2×), 40% travel, dining, telecom & transit (1.5×), 50% general (1×). Amex Reserve split: 10% Air Canada and Air Canada Vacations (3×), 15% hotels and car rentals (2×), 75% everything else (1.25×). Both cards earn Aeroplan points directly — no transfer step required. The earn crossover where Amex’s higher rate covers its $450 fee premium occurs at approximately $10,400/month in total spend.

Side by side

Both cards earn Aeroplan directly on the same Air Canada flights and the same redemptions. The difference is earn rate, Air Canada perks, and the cost of carrying the card.

TD Aeroplan Visa Business Amex Aeroplan Business Reserve
Fees
Annual fee $149 $599
Supplementary card fee $49 each · first two waived year 1 $199 each · or add a no-fee Aeroplan Business card at $0
Welcome Bonus
Maximum bonus Up to 60,000 pts Up to 90,000 pts
Bonus structure 10K on first purchase + 30K at $15K in 180 days + 20K at $25K in 365 days 65K after $10,500 in first 3 months + 25K after $3,500 in month 13
Earn Rates
Air Canada & Air Canada Vacations 2 pts/$1 3 pts/$1
Hotels & car rentals 1.5 pts/$1 (travel category) 2 pts/$1
Travel, dining, telecom, transit 1.5 pts/$1 1.25 pts/$1 (general rate)
All other purchases 1 pt/$1 1.25 pts/$1
Earn cap (bonus categories) $80,000/yr on bonus-rate categories None stated
Air Canada Perks
Free first checked bag Yes · cardholder and up to 8 on same booking Yes · cardholder and up to 8 on same booking
Maple Leaf Lounge access 1 pass per $10,000 spend · max 4 per year Unlimited · North America · cardholder + one guest
Air Canada Café access Included · North America
Priority Pass membership Complimentary membership · 1,200+ lounges (visit fees apply)
Status Qualifying Miles 1,000 SQM per $20,000 spend · max 25,000/yr 1,000 SQM + 1 SQS per $10,000 spend · 2× faster
Annual companion pass Yes · economy companion at $99 base fare after $25,000 annual spend
Other Perks
NEXUS application fee rebate Up to $100 CAD every 48 months
Avis Preferred Plus Yes Yes
Insurance
Emergency travel medical Up to $2M · first 15 days of trip Up to $5M · first 15 days of trip
Trip cancellation Yes Up to $1,500 per person
Trip interruption Yes Up to $1,500 per person
Flight delay & baggage Yes (9 coverage types) Yes · up to $1,000 for delays of 4+ hours

TD earn cap applies to bonus-rate categories combined. Amex companion pass applies to Air Canada economy cash bookings worldwide. Verify current welcome offers, earn rates, and terms directly with TD and American Express before applying.

The companion pass changes the math. After $25,000 in annual card spend (achievable at roughly $2,100/month), the Amex Reserve issues an Annual Worldwide Companion Pass. This lets you add a companion to any Air Canada economy cash booking at a $99 base fare plus taxes. On a transatlantic or transpacific route, that fare difference can be $800–$2,000+ per trip. Used once a year on a meaningful route, the companion pass alone can justify the $450 fee premium over TD.
Status Qualifying Miles: the hidden edge. Both cards help you work toward Aeroplan Elite Status, but Amex earns SQM twice as fast: 1,000 SQM per $10,000 vs TD’s 1,000 SQM per $20,000. At $5,000/month, Amex contributes ~6,000 SQM annually vs TD’s ~3,000. For cardholders who already fly Air Canada and are chasing 25K or 35K status, that gap is significant.

Not sure which tier fits your business?

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