Here’s how the Canada Pension Plan is set to change + MORE Jun 22nd

Here are the forthcoming changes to the Canada Pension Plan agreed to Monday by the federal government and most of the provinces and territories:
— Increasing the income replacement rate to one-third from one-quarter, meaning the maximum CPP benefit will be about $17,478 instead of about $13,000.
How CPP changes could affect employees »
— Increasing premiums on employers and employees by one per cent, meaning an extra $408 a year coming off paycheques.
— Increased premiums will be phased in over seven years, starting in 2019.
— Increasing by 14 per cent to $82,700 the maximum amount of income subject to CPP.
Making sense of the CPP expansion »
— Expanding the refundable tax credit known as the federal working income tax benefit, to help low-income Canadians offset the increase in premiums.
— New portion of employee contributions to CPP will be tax deductible (not a tax credit).
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In this feature of Rewards Canada’s Ultimate Credit Card Portfolios we look at the ultimate one for earning travel points that you can use for virtually any travel and not have to pay any annual fees.We have always recommended that you should carry a Visa, a MasterCard and an American Express card in your wallet. The reason why is that there are benefits, promotions and earning potential unique to each brand of credit card. We won’t go into detail here as you can read all about it in our feature on how to Maximize your Miles and Points but here we outline one card from each brand that will help you build up those travel rewards points faster than ever without having to worry about paying annual fees. Ultimately there are various options that could be utilized for such a portfolio but we look at one card from each issuing family that will provide strong travel point earning.What is Rewards Canada’s Ultimate No Free Travel Credit Card Wallet?Continue reading this article on the main Rewards Canada website to find out!

In the sometimes tumultuous world of co-branded loyalty cards, another partnership has gone sour. Royal Bank and Shoppers Drug Mart are ending both their joint Optimum MasterCard and debit card.

Credit card applications handed out on planes sometimes come with better rewards sign-up bonuses and other perks, but not always

News, Tips & Tricks Today we released our latest Ultimate Credit Card Portfolio! This one looks at the best three cards to make a no fee travel points credit card wallet. If you hate paying annual fees on credit cards or don’t need the benefits or insurance that come with fee based cards you can still earn a decent amount of travel rewards points with thest credit cards! In the wallet we show you how you can maximize that earn with one Visa Card, a MasterCard and an American Express Card. Find out what the The Ultimate No Fee Travel Points Credit Card Portfolio is here! Also on the credit card front news is out that RBC and Shoppers Drug Mart are ending their relationship. This doesn’t come as a surprise since Loblaw’s owns Shoppers and will likely issue a PC Financial Shoppers Optimum Credit Card in the near future. We have got around to updating another one of our most popular features. This one looked at the great redemption option for short haul flights that British Airways Executive Club provided for Canadians…