How to go about securing the best rate and plan for your credit card in Canada.
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BMO replaces Air Miles with new Blue Rewards program + MORE Jan 28th
BMO Financial Group has announced it will replace Air Miles with a new loyalty rewards program called Blue Rewards this summer. It said the new program will be available for all Canadians through a newly designed Blue Rewards app, and will be integrated into BMO’s existing mobile banking app a.... More »
With rewards cards, which expenses count as travel for bonus rewards? + MORE Jun 19th
With rewards credit cards, "travel expense" covers a few surprises. Beyond airfare, hotels and rental cars, sometimes ride-shares, vacation rentals and even parking count as travel expenses..... More »
RWRDS Daily Update – January 15, 2024 Jan 15th
Earn bonus miles with AIR MILES Receipts and AIR MILES Shops and Catch up on This week in RWRDS, our weekly loyalty newscast. Check out today's points & miles updates here:
The post RWRDS Daily Update – January 15, 2024 appeared first on Rewards Canada..... More »
RWRDS Daily Update Feb 12: Five new Amex offers including statement credits with Lenovo & Oceania Cruises + MORE Feb 12th
Five new Amex offers including statement credits with Lenovo & Oceania Cruises and Changes coming to the Iberia Plus program. Check out today's points & miles updates here:
The post RWRDS Daily Update Feb 12: Five new Amex offers including statement credits with Lenovo & Oceania Cruis.... More »
CIBC Rewards Review: Will a Generous Welcome Offer Win You Over? Jan 24th
Like most of the big bank customer loyalty programs, CIBC Rewards is a credit card rewards program. This means that you earn points when you make purchases with your CIBC credit card, and you can then redeem those points in a variety of ways. In this article, I’ll show you how to earn points, what.... More »
Do You Have the Right Taxpectations?
– ratesupermarket.ca
With the exception of accountants, I don’t think anyone enjoys tax season. But with the personal tax deadline quickly approaching on April 30th, it’s something we can’t ignore. On a positive note, 57 per cent of Canadians are anticipating to receive a tax refund, according to a recent TD survey.
Of those anticipating a refund, 61 per cent say they expect to get back to up $1,499. This may seem great at face value, but that just means we’ve given the government an interest-free loan and they’re simply returning the money.
Some people think of their tax refund as “free money” but when used effectively, that extra money can go a long way. According to those surveyed, the top three financial goals for Canadians are as follows.
Paying off credit card debt – 32 per cent
Contributing to an RRSP or TFSA – 21 per cent
Adding to their emergency fund – 28 per cent
Setting Spending Priorities
One quick note: some people try to maximize their RRSP contributions to get a bigger tax refund, but if you have credit card debt, it makes more sense to just pay that down first so you can avoid paying the insanely high interest charges…
