We define the second canonical forms for the generating matrices of the Reflection Equation algebras and the braided Yangians, associated with all even skew-invertible involutive and Hecke symmetries. By using the Cayley–Hamilton identities for these matrices, we show that they are similar to their canonical forms in the sense of Chervov and Talalaev (J Math Sci (NY) 158:904–911, 2008).