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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The Best Travel Credit Card Welcome Bonus Offers for April 2024 + MORE Apr 6th
Here are the Best Travel Credit Card Sign Up offers for the month of April 2024. This is not an overall ‘best’ credit card list like our recently released Top Travel Rewards Credit Card rankings for 2024 but instead a look at cards that have the most valuable welcome bonus sign up offers.... More »
RWRDS Daily Update – November 20, 2023 + MORE Nov 20th
New Amex Offers for Luxury Escapes and Just Golf Stuff, Save 40% on Pointsyeah Online Award search premium memberships and Air Canada is bringing back non-stop Calgary to Ottawa flights. Check out today's points & miles updates here:
The post RWRDS Daily Update – November 20, 2023 appeared fi.... More »
9 Tips for Safer Online Shopping this Holiday Season + MORE Dec 18th
Holidays are time for shopping — but if you’re spending money online, you might want to do a few additional safety checks. There are plenty of opportunities to find deals, but not all is what it seems. Trust your instincts and take these steps to have a positive holiday shopping experie.... More »
Ends soon: CIBC Dividend® Visa Infinite* Card – 10% cash back up to $300 and a first year annual fee rebate + MORE Aug 8th
The CIBC Dividend® Visa Infinite* Card’s boosted welcome bonus that provides up to $300 cash back will be ending very soon. The bonus cash back rate of 10% is awarded on up to $3,000 in spending in the first four statement periods. RWRDS Canada considers the CIBC Dividend Visa Infinite a.... More »
July 11 Update: 2018 Top Cash Back Credit Cards, Double Points for Radisson stays, new Coast Hotel in Oliver BC + MORE Jul 11th
If you missed it earlier we released out Top Cash Back Credit Card rankings for 2018! Three cards from 2017 remain in the Top 5 and two new cards make it into the list! Find them all here. Radisson Hotels have launched a new systemwide bonus offer. Members of Radisson Rewards can earn double point.... More »
Should I withdraw from my TFSA to contribute to an RRSP?
– moneysense.ca
Q. When does it make sense to withdraw money from a TFSA and move it to an RRSP? I am in my late 50s and considering doing this as I have a fairly high income and not much cash on hand to make RRSP contributions. Is that a good move for me? – Deirdre T.
I like that you are thinking about ways to reduce tax, Deirdre, and if you’re careful it may be a good move; if not, it could be a big mistake.
There are two things to think about:
Will your tax rate in retirement be lower than it is now? If so this could be a good strategy. Also think about things like the OAS clawback, the age credit, GIS, GST credit etc…
A TFSA contribution is an after-tax contribution and an RRSP contribution is a pre-tax contribution. A $5,000 contribution to a TFSA is not the same as a $5,000 contribution to an RRSP. If your marginal tax rate is 40% and you draw $5,000 from your TFSA you’ll have $5,000. The same $5,000 withdrawal from your RRSP will leave you with $3,000, and that’s where you could make your mistake…
Should you postpone retirement to pay off card debt?
– creditcards.com
If you are approaching retirement and are still revolving credit card balances, it may be better to keep working until those debts are paid off.
The parent company of loyalty card Aeroplan saw its shares plummet for a second day Friday after DBRS warned about a possible downgrade after it announced the sale of its Nectar business at a substantial loss.
Choice Privileges Elite Status Match now available to Canadians
– RewardsCanada.ca
We’ve had this offer listed for quite sometime on our global site, FrequentFlyerBonuses.com but never covered it here on Rewards Canada as it was only available to U.S. residents. Great news is that for 2018 the offer has been expanded and us Canadians can now get status matched in the program The Choice Privileges status match offer will match the status of most other hotel loyalty programs. Choice Privileges Elite Status isn’t as rich as the status seen from other programs like Starwood or Hyatt but it is better than not having any – especially when it comes to booking free award nights from the base level of only 30 days out to anywhere from 50 to 100 days depending on the status level.I’ll have to update the following post as it boosts it to at least seven programs!Get elite status with at least six hotel reward programs with The Platinum Card from American Express Offer detailsElite Status Match – Choice Privileges will match the elite status you hold in another hotel loyalty program…
