Brightest object, powered by hungriest black hole discovered – DAWN.com + MORE Feb 21st

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How to earn more rewards with your credit cards Mar 30th

If you’re like many Canadians, you may feel your credit card rewards aren’t delivering as much value as they could. After all, cards are often marketed with generous welcome bonuses and the promise of effortless cash back, travel points, statement credits, and more. If those rewards don’t seem.... More »

How to improve your chances of being approved for a personal loan + MORE Feb 5th

If you’re applying for a personal loan, chances are it’s not because everything is going perfectly. Maybe you’re juggling high-interest debt, covering an unexpected expense, or trying to get your finances back on track. And you wouldn’t be alone: total Canadian consumer debt grew by 4.1% jus.... More »

The best GIC rates in Canada for 2024 Dec 23rd

GIC comparison tool Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance. Why trust us MoneySense is an award-winning magazine, helping Canadians navigat.... More »

This Week in RWRDS: March 16 – 22, 2024 + MORE Mar 23rd

This week we look at the new BMO Shell partnership that offers up 7 cents per litre in savings, RBC Avion Rewards joining forces with More Rewards and much more in our weekly credit card and loyalty rewards newscast! Watch This Week in RWRDS here: Listen to This Week in RWRDS here: Topics of discuss.... More »

The best Visa credit cards in Canada for 2024 Nov 7th

Credit card comparison tool Compare your Visa options with our interactive tool and filter credit cards based on rewards value, annual fees, income requirements and more. powered by Why trust us MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999.... More »
Brightest object, powered by hungriest black hole discovered  DAWN.comAstronomers discover universe’s brightest object – a quasar powered by a black hole that eats a sun a day  The GuardianMonster black hole powers the brightest known object in the universe  New ScientistThe Universe’s Brightest Body Is a Quasar That Shines 500 Trillion Times Brighter Than the Sun  IGNScientists have found a black hole so large it eats the equivalent of one sun per day  NPR

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Ask MoneySense
Is there any tax credit for working from home? Our company has gone completely remote since the pandemic. In the past few years, there was a tax credit based on how many days you worked from home. I believe the 2022 tax year was the last year for this credit. But now that I am permanently remote, is there anything I can claim for the 2023 tax year?—Imtiaz

Work-from-home tax deduction in Canada

Canadian taxpayers can claim a tax deduction for home-office expenses. This differs slightly from a tax credit, Imtiaz. A tax credit, such as those you get for medical expenses or donations, can be claimed to reduce your income tax payable. It is generally 15% to 20% of an eligible expense, depending on your province or territory of residence.

A tax deduction is often better than a tax credit because it reduces your taxable income. When you decrease your taxable income, you may save 15% to 54% tax depending on your income and where you live.

What can you claim for working from home in 2023?

The Canada Revenue Agency (CRA) introduced a temporary flat-rate home-office expense deduction for the 2020, 2021 and 2022 tax years…

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Earn 4,000 bonus points at the Sofitel Montreal Golden Mile, American Express Business Edge Confirmed Multiplier Locations and new Amex Offers statement credit for Knix. Check out today’s points & miles updates here:
The post RWRDS Daily Update – February 20, 2024 appeared first on Rewards Canada.

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As mentioned in our February 9th episode of This Week in RWRDS I reached out to RBC to see if we could learn more about the HSBC Rewards to Avion Rewards points conversion ratio. To date this ratio has been the big unknown in the credit card portion of the HSBC to RBC migration. I […]
The post Exclusive details on HSBC Rewards to Avion Rewards points conversions appeared first on Rewards Canada.

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Brightest object, powered by hungriest black hole discovered  DAWN.comAstronomers discover universe’s brightest object – a quasar powered by a black hole that eats a sun a day  The GuardianMonster black hole powers the brightest known object in the universe  New ScientistThe Universe’s Brightest Body Is a Quasar That Shines 500 Trillion Times Brighter Than the Sun  IGNScientists have found a black hole so large it eats the equivalent of one sun per day  NPR

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