How to go about securing the best rate and plan for your credit card in Canada.
Latest News
Earn up to 10,000 bonus Aeroplan points on most Air Canada flights Worldwide + MORE Jan 3rd
Air Canada’s newest worldwide seat sale includes a near systemwide bonus Aeroplan points offer as well! When you book flights during this sale you can earn up to 10,000 bonus Aeroplan points for travel in Canada, to the U.S. and basically anywhere else in the world that Air Canada flies to exc.... More »
What is a Secured Credit Card and How Does It Work? + MORE Jun 29th
A good credit history is important for everyone. It’s a gateway to more borrowing options and the basis of a positive financial future. But what if you have no credit, or some unfortunate marks on your record make it hard to get a new card?
That’s where a secured credit card may come in.... More »
Rate survey: Average card APR climbs to a record high of 16.83 percent + MORE Jun 27th
June 27, 2018: The average credit card interest rate smashed another record this week, climbing to 16.83 percent, according to the CreditCards.com Weekly Credit Card Rate Report.... More »
November 26 Update: Air Canada enters into definitive agreement to buy Aeroplan, new Orbitz Rewards elite benefits and more + MORE Nov 26th
Looks like one more step has been completed in Air Canada's steps to purchase Aeroplan from Aimia. Today it was announced that both companies have sign a definitive agreement for Air Canada to purchase the program and that Air Canada looks to close the deal as soon as possible after the approval .... More »
The Best Online Banks in Canada for 2022 + MORE Oct 24th
According to the Canadian Bankers Association, 90% of Canadians reported using online banking in the past year, and almost 50% say that digital is their preferred banking channel. The trend towards online banking isn’t a new one, but it certainly was hastened by the isolation and mandatory quarant.... More »
500 Free Aeroplan Miles for adding your email (select members only)
– RewardsCanada.ca
Be sure to check your Aeroplan account when you log in for a banner that states you can get 500 Aeroplan miles for adding your email. I saw it when I logged in the other day so obviously I was targeted for it. You can check to see if you qualify by logging into your account on Aeroplan.com. You have until March 31st to do so!January 31 Update: Video for Deals of the Week, targeted free Aeroplan miles offer & 2x Starpoints at select Alberta hotels
– RewardsCanada.ca
News, Tips & TricksThere is a slight change in Aeroplan earning on United flights. As of February 1, 2017: “Aeroplan Miles earned in booking class N on all eligible United flights are not Altitude Qualifying Miles and will not count towards Air Canada Altitude™ status” (Source Aeroplan)Been having some fun with iMovie and pulling sound bites from the Podcast to make videos for the Rewards Canada Youtube channel. In case you prefer to visualize then check out the Deals of the Week for January 30th! Posts since our last update: 500 Free Aeroplan Miles for adding your email (select members only) Be sure to check your Aeroplan account when you log in for a banner that states you can get… Canadian Bonus Offers Starwood Preferred Guest- Double Starpoints for stays at the Element Calgary Airport. More… Until Mar 31, 17 – Double Starpoints for stays at the Four Points by Sheraton Sherwood Park. More… Apr 1 – Jul 31, 17 Other Bonus Offers Alitalia MilleMiglia- Earn up to 1,000 Bonus MilleMiglia Miles when you fly Alitalia between Rome and Kiev…
Tax-efficient dividend income
– moneysense.ca
Q: If I am holding stocks that pay a dividend in a taxable account, would it be better to enrol them into a DRIP program if possible or just collect the dividend?What is more tax-efficient?
—Nathan
A: When you earn investment income in a non-registered account – outside an RRSP or TFSA – there are tax implications. The tax implications can vary, Nathan, but I’ll try to explain the various rules.
When you own stocks in a taxable account, the tax payable on the dividends will depend upon the type of dividends earned.
Penalty for holding dividend stocks in a TFSA? »
A U.S. or other foreign dividend is taxed at your marginal tax rate, just like your other income, added to your other sources of income and taxed accordingly.
A Canadian dividend receives special tax treatment, due to something called the Dividend Tax Credit (DTC). The federal and provincial governments incentivize Canadians to invest in Canadian stocks by charging a preferential low tax rate on Canadian dividends…
