Morneau should donate shares to charity instead of selling them first: experts + MORE Nov 1st

How to go about securing the best rate and plan for your credit card in Canada.
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Earn Quadruple Aeroplan Miles for stays at Coast Hotels in Canada and the U.S. + MORE Nov 14th

Back in September we had let you know that you would be able to earn Triple Aeroplan miles for stays at Coast Hotels in Canada and the U.S. until the end of November. Well it looks like they have gone and changed the offer on us....Aeroplan members, your stays with Coast Hotels just got a lot sweete.... More »

Priority Pass increasing lounge visit fee to US$35 for credit card issued memberships + MORE Aug 30th

Priority Pass is emailing members to advise of a price increase in their lounge visit fees. As of October 1, 2023 the per visit fee will increase to US$35 from the current US$32. This follows and matches the fee for non-credit card issued Priority Pass memberships that was already increased to US$35.... More »

Vote for your favourite credit cards and loyalty programs in Canada’s Choice 2025! + MORE Oct 2nd

This is where, you, the Canadian consumer get to vote for your favourite credit cards and loyalty programs in Canada!! Voting is quite simple, once you click the voting icon or link below you will be asked to select one card or loyalty program in each one of our 12 categories (or none at all [….... More »
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How Deferring Mortgage Payments Could Affect Your Credit Score + MORE Apr 14th

For the past few weeks, we’ve become accustomed to Prime Minister Trudeau’s daily update from Rideau Cottage in Ottawa. To help ease the economic impact of the COVID-19 pandemic, the government has put forward several measures intended to support those who have lost their jobs due to the outbre.... More »
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Clash of the Credit Cards! Marriott Bonvoy American Express Card vs. MBNA Best Western Rewards Mastercard Dec 24th

 Welcome to another Rewards Canada Clash! If you listened to our podcast from June entitled Clash of the Credit Cards - you'll know that we've changed our Showdown features to Clashes. The reason why is that lots of sites and blogs are using Showdown now, some are using battle so we .... More »
October 31 Update: Podcast Episode 34 discusses credit scores, Renaissance Montreal intimate Navigator’s Table dinner & morePodcast Episode 34 is here! You can listen to or download it on Apple iTunes, Google Play, our website and Soundcloud. In this episode we welcome Rubina Ahmed-Haq of AlwaysSaveMoney.com. Rubina is a journalist and blogger who covers the world of personal finance in Canada. She gives tips on how to save money on her blog and many media outlets across Canada. For the Rewards Canada podcast Rubina and Jeff delve into the world of credit scores. From what is a good credit score, what can affect your credit score, checking your score and more. If you are in Montreal next week you may want to check out this event at the Renaissance Montreal Downtown:Anne-Marie Withenshaw, a Canadian television and radio personality, hosts “Dîner en Couleur,”, a twist on a “Dîner en Blanc.”Beginning November 6, Renaissance Hotels will be hosting its first-ever week-long dinner series at nearly all of the brand’s 170 hotels worldwide, as an intriguing extension of “The Navigator’s Table,” the brand’s original digital series featuring four-time James Beard award winner and Renaissance Hotels’ global brand ambassador, Andrew Zimmern, that premiered its second season October 17…

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Link your RBC Credit or Debit Card with Petro-Points to earn more points and save at the pumpTwo weeks ago the details were released about RBC’s and Petro-Canada’s latest offer and expansion of their partnership.As of today RBC clients can now link their Petro-Points card to any personal or business RBC debit or credit card to instantly receive 3¢ per litre fuel savings and earn 20 per cent more Petro-Points on qualifying purchases made at Petro-Canada. RBC Rewards credit card holders will also earn 20 per cent more RBC Rewards points on their Petro-Canada purchases. Unlike other loyalty programs where the benefits are limited to a specific card, Canadians will be able to use every RBC card in their wallet to save instantly on fuel and earn more rewards points. Clients simply need to link their Petro-Points card to their RBC profile online once by visiting the secure RBC website, rbc.com/petro-canada Compared to the last offer that ended yesterday providing a 2 cents per litre discount the discount now becomes greater however you need to tie your cards together from RBC and Petro-Points unlike the previous offer where you just swiped your card to get the discount…

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Tax Credit Bidding War

– online.wsj.com

Tax Credit Bidding WarThe Rubio-Lee child tax credit will sap growth from tax reform.

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OTTAWA _ Of all the headaches Bill Morneau is nursing these days, this might be the least of them: what’s the best way to donate millions of dollars in stock-market gains to charity?
Nice problem to have, many Canadians might say.
But even finance ministers have to manage their money, and Morneau is doubtless well aware of the whopping tax bill that will accompany the sale of roughly $21-million worth of shares in his former company, Morneau Shepell.
A cynic might suggest that’s part of the reason he has decided to make a charitable donation out of the difference between what the shares are worth today and what they were worth in 2015 when he first became finance minister _ a dollar figure roughly estimated at around $5 million.
Donating that much to charity will bring a sizeable tax credit that should help to soften the blow. But experts have advice for anyone contemplating such a decision: donate the shares themselves instead of selling them.
It’s in Morneau’s interest to donate the value in shares, since liquidating the stock first would result in a big tax hit, particularly when it comes to capital gains, said accountant Robert Kleinman, executive vice-president of The Jewish Community Foundation of Montreal…

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OTTAWA — Of all the headaches Bill Morneau is nursing these days, this might be the least of them: what’s the best way to donate millions of dollars in stock-market gains to charity?
Nice problem to have, many Canadians might say.
But even finance ministers have to manage their money, and Morneau is doubtless well aware of the whopping tax bill that will accompany the sale of roughly $21-million worth of shares in his former company, Morneau Shepell.
READ: What’s in Bill Morneau’s wallet?
A cynic might suggest that’s part of the reason he has decided to make a charitable donation out of the difference between what the shares are worth today and what they were worth in 2015 when he first became finance minister — a dollar figure roughly estimated at around $5 million.
Donating that much to charity will bring a sizeable tax credit that should help to soften the blow. But experts have advice for anyone contemplating such a decision: donate the shares themselves instead of selling them…

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