How to go about securing the best rate and plan for your credit card in Canada.
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Airport Reward Programs: What You Need to Know Feb 14th
After enrolling in brand loyalty programs, amassing frequent flier miles, and getting a credit card with great rewards, what’s next? Many airports have started offering their own rewards programs, earning you bonus points for everything from duty-free shopping to parking. Whether you’r.... More »
Walmart and Visa declare truce in battle over credit card fees + MORE Jan 6th
Corporate behemoths Walmart Canada and Visa have declared a truce in their dispute over merchant fees, allowing Walmart customers in Manitoba and Thunder Bay, Ont., to resume using the credit card beginning Friday..... More »
What the data isn’t showing about credit stress Apr 16th
The broad picture of household finances indicates that Canadians are generally managing through the upheavals of tariffs, a soft job market, inflation, and other headwinds, but looking deeper shows pockets of severe credit challenges.
The recent difficulties at Goeasy Ltd. give a hint of those .... More »
Wild, weird and wonderful things to watch for around the world in 2018 + MORE Dec 27th
PyeongChang Olympics
South Korea: The drama of the Winter Olympics comes to PyeongChang, South Korea, starting Feb. 9. But expect the real fireworks to unfold on Twitter between “Dotard” Trump and “Rocket Man” Kim next year.
Chinese Tourism
Chin.... More »
Aeroplan eStore Black Friday Offers - Up to 10x Miles for online shopping + MORE Nov 24th
We've been highlighting a lot of tip for maximizing your miles and points during the holiday season lately and the offers continue to come in! Aeroplan's eStore is a great way to rack up lots of Aeroplan miles for your online shopping and since today is Black Friday they have launched their Black Fr.... More »
CTV NewsMcKenna promises new measures this fall to cut carbon emissionsCTV NewsThe federal government will bring in additional measures later this fall to lower Canadian carbon emissions, Environment Minister Catherine McKenna says. Last week, Prime Minister Justin Trudeau announced he would impose a $10 per tonne carbon tax on …Trudeau government OK's tax credit for TV talk showsCBC.caWhy conservatives have it wrong about Trudeau's carbon taxThe Globe and MailLoewen: Our data suggest Trudeau could go even further in taxing carbonSaskatoon StarPhoenixCalgary Herald -mySteinbach.ca (blog) -Edmonton Sun -TheChronicleHerald.caall 153 news articles »
Air Miles has announced a new clear-cut system for how it doles out reward choices. But it might be hard for some customers to get with the program after Air Miles spent months continually shifting its explanation for why different members would see different reward offers.
CTV NewsMcKenna promises new measures this fall to cut carbon emissionsCTV NewsThe federal government will bring in additional measures later this fall to lower Canadian carbon emissions, Environment Minister Catherine McKenna says. Last week, Prime Minister Justin Trudeau announced he would impose a $10 per tonne carbon tax on …Trudeau government OK's tax credit for TV talk showsCBC.caWhy conservatives have it wrong about Trudeau's carbon taxThe Globe and MailLoewen: Our data suggest Trudeau could go even further in taxing carbonSaskatoon StarPhoenixCalgary Herald -mySteinbach.ca (blog) -Edmonton Sun -TheChronicleHerald.caall 153 news articles »
What happens to your debts after you die?
– canadianbusiness.com
When you die, you don’t just leave behind your family and your legacy. You also leave behind your debts.
But what happens to those debts once you’re gone? In general, your assets and debts become part of an estate. It’s the estate’s responsibility to pay them. If there’s any money left, it goes to your heirs. If there’s not enough money to cover all the debts, they may go unpaid.
It can get complicated though, so here are a few things you should know:
SETTLING THE ESTATE: A will typically names an executor, who is responsible for settling the financial affairs of the deceased. If there is no will, the state decides who should handle it. That person follows a pecking order of who gets paid first, said Greg McBride of Bankrate.com. Secured debts, like mortgage or auto loans, come first; unsecured debts, such as credit cards and medical bills, follow.
HOME: Banks expect to continue to be paid for a mortgage or they will take action. But some protections exist for family members or others living in the home, said Chas Rampenthal, general counsel at LegalZoom…
But what happens to those debts once you’re gone? In general, your assets and debts become part of an estate. It’s the estate’s responsibility to pay them. If there’s any money left, it goes to your heirs. If there’s not enough money to cover all the debts, they may go unpaid.
It can get complicated though, so here are a few things you should know:
SETTLING THE ESTATE: A will typically names an executor, who is responsible for settling the financial affairs of the deceased. If there is no will, the state decides who should handle it. That person follows a pecking order of who gets paid first, said Greg McBride of Bankrate.com. Secured debts, like mortgage or auto loans, come first; unsecured debts, such as credit cards and medical bills, follow.
HOME: Banks expect to continue to be paid for a mortgage or they will take action. But some protections exist for family members or others living in the home, said Chas Rampenthal, general counsel at LegalZoom…
