The “Big Five” Canadian banks offer credit cards and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Did you know that there are many other options?
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Second Cup signs deal for $8-million loan following review of strategic options + MORE Dec 5th
MISSISSAUGA, Ont. – The Second Cup Ltd. (TSX:SCU) has signed a deal for a four-year, $8-million secured term loan from an affiliate of Serruya Private Equity following a review of its strategic options.
The company says proceeds from the loan will be used to repay its existing $6-million credi.... More »
Equifax hack reveals the need for tougher regulations + MORE Sep 19th
The serious consequences of the data breach won’t be properly dealt with until Equifax and other credit bureaus are properly regulated and accountable to the people they serve: consumers
.... More »
TD Cash Back Visa Card review Oct 27th
There isn’t much that rings sweeter than cash in your pocket, which is precisely the allure of the cash back credit card. Canada’s Big Five banks (and many smaller ones too) offer a wide range of credit cards that allow you to accumulate cash rewards simply by using them. And to maximize those r.... More »
RWRDS Daily Update – January 25, 2024 Jan 25th
Use your airline or hotel status to receive a free status match with Red by Dufry and AIR MILES Carousel of Dreams contest is now live. Check out today's points & miles updates here:
The post RWRDS Daily Update – January 25, 2024 appeared first on Rewards Canada..... More »
Australia CANCELS Katie Hopkins' visa after quarantine breach, reveals TV star was allowed in on basis of ‘economic benefit’ - RT + MORE Jul 18th
Australia CANCELS Katie Hopkins' visa after quarantine breach, reveals TV star was allowed in on basis of ‘economic benefit’ RTKatie Hopkins to be deported from Australia ‘imminently’ after visa cancelled The Guardian AustraliaAustralia to deport commentator Hopkins for.... More »
No need to expand the CPP: Report
– moneysense.ca
As Ontario Premier Kathleen Wynne clarifies and possibly softens her line on what her government is expecting around Canada Pension Plan reform, a new report from the Fraser Institute suggests expanding the program isn’t necessary.
“When you consider the facts, not the rhetoric, it becomes abundantly clear that expanding the CPP is a solution in search of a problem,” Charles Lammam, director of fiscal studies at the Fraser Institute and co-author of the study, said in a release.
First of all, the study argues, most Canadians are financially prepared for retirement. It points to the fact that in 2014, Canadians held $7.7 trillion in non-pension assets, such as stocks and real estate, compared to the $3.3 trillion held in pensions.
How do I know if I qualify for a pension income tax credit? »
The study comes as Wynne said yesterday the Ontario government could accept an enhanced CPP even if it doesn’t meet the same benefit levels as the Ontario Retirement Pension Plan. Finance ministers are meeting in Vancouver next week to see whether they can reach an agreement on enhancement of the CPP and the Quebec Pension Plan, something that would require the approval of seven provinces representing two-thirds of the population…
“When you consider the facts, not the rhetoric, it becomes abundantly clear that expanding the CPP is a solution in search of a problem,” Charles Lammam, director of fiscal studies at the Fraser Institute and co-author of the study, said in a release.
First of all, the study argues, most Canadians are financially prepared for retirement. It points to the fact that in 2014, Canadians held $7.7 trillion in non-pension assets, such as stocks and real estate, compared to the $3.3 trillion held in pensions.
How do I know if I qualify for a pension income tax credit? »
The study comes as Wynne said yesterday the Ontario government could accept an enhanced CPP even if it doesn’t meet the same benefit levels as the Ontario Retirement Pension Plan. Finance ministers are meeting in Vancouver next week to see whether they can reach an agreement on enhancement of the CPP and the Quebec Pension Plan, something that would require the approval of seven provinces representing two-thirds of the population…
Reduce debt and pay your bills to improve credit score
– moneysense.ca
OTTAWA – If you want to help improve your credit score, it’s a no-brainer that you need to start paying your bills on time and reducing outstanding debt.
But Gary Tymoschuk, vice-president of operations at the Credit Counselling Society, says you should also be careful about the amount of new credit you’re applying for.
“Don’t be out there applying for a Visa and a MasterCard, an American Express, new cellphone service and a new car loan and all these different things,” he said.
How your credit score impacts your mortgage application »
Tymoschuk said a flurry of inquiries over a short period of time on your credit report can be “a little bit of a red flag.”
“If you’re looking for a lot of credit, often times that can be a sign of a difficult challenging time in terms of managing your debt,” he said.
A credit report is a record of your past, including your payment history, how much you owe, how much new credit you’ve been searching for, the length of your credit history and the types of credit you have, Tymoschuk pointed out…
But Gary Tymoschuk, vice-president of operations at the Credit Counselling Society, says you should also be careful about the amount of new credit you’re applying for.
“Don’t be out there applying for a Visa and a MasterCard, an American Express, new cellphone service and a new car loan and all these different things,” he said.
How your credit score impacts your mortgage application »
Tymoschuk said a flurry of inquiries over a short period of time on your credit report can be “a little bit of a red flag.”
“If you’re looking for a lot of credit, often times that can be a sign of a difficult challenging time in terms of managing your debt,” he said.
A credit report is a record of your past, including your payment history, how much you owe, how much new credit you’ve been searching for, the length of your credit history and the types of credit you have, Tymoschuk pointed out…
How a Canadian can restart credit in the U.S.
– creditcards.com
A great score in Canada means little; you need to obtain a U.S. loan from a U.S. lender that reports to U.S. credit bureaus
Credit card statistics
– creditcards.com
This is the web’s largest and best-documented set of credit card statistics, from industry studies, government and university reports, and CreditCards.com’s original research
Wal-Mart 'taking a stand' in battle with Visa over credit-card fees
– theglobeandmail.com
Retailer says credit-card company’s ‘hidden fee’ is four times higher in Canada than what consumers pay elsewhere
