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Explain medical debt with 100-word statement Aug 22nd
You should add a 100-word statement to your credit report explaining your late payment due to medical debt -- but don't forget to remove it later.... More »
September 6 Update: The Platinum Card from Amex now offers Shangri-La elite status which provides Singapore Airlines status, Cobalt Multipliers updated and more! + MORE Sep 7th
Following suit of what we saw on the U.K. version of The Platinum Card from American Express earlier this year, our Canadian version of the card now provides Jade Elite Status in the Shangri-La Hotels Golden Circle program. This new benefit continues to enhance the hotel elite offers the card prov.... More »
Best credit cards for Airbnb + MORE Aug 27th
Are you an Airbnb loyalist looking to earn rewards points on your stays? Look no more. These are the best credit cards to use on Airbnb..... More »
Earn Double Aeroplan Miles for IHG Hotel stays until the end of the year + MORE Sep 18th
The fall Aeroplan IHG Double Miles offer is back! This is the exact same offer we saw this time last year and is good a one to take advantage if you only have one stay planned or aren't someone who normally collects IHG Rewards Club points. Remember that you no longer earn a flat rate of mi.... More »
November 19 Update: Redeem Alaska Airlines Mileage Plan miles on Icelandair, new Air Canada routes, bonuses galore! + MORE Nov 19th
Once again lots of news and bonuses to bring your way! News, Tips & TricksAs we mentioned earlier this fall, the partnership between Alaska Airlines and Icelandair returned. It started off with only being able to earn miles on each others flights along with reciprocal elite benefits but now yo.... More »
Still time to cut 2013 tax liability
– moneysense.ca
It’s high time to plan to reduce your taxes for 2013. By filing prior years’ returns or adjusting previous errors, you can recover “tax gold” before year end, spend to maximize tax reducers and set up tax-efficient wealth management for 2014.
Recover gold. Missed a big deduction? CRA lets you recover refunds on prior filed returns over a maximum 10 years. Adjustments to 2003 tax returns can still be made until Dec. 31, 2013. Be sure to claim capital losses, safety deposit box charges, disability, medical and other tax credits, and file missed returns to create RRSP contribution room.
Give generously. The new First-Time Donor’s Super Credit, available between 2013 and 2017, is for cash rather than in-kind donations, as long as you or your spouse have not donated in the prior five years. The regular calculations change from 15% to 40% on the first $200 and from 29% to 54% for those over $200 but not over $1000.
Consider giving $1,000 in cash, perhaps by generating losses in non-registered portfolios…
Recover gold. Missed a big deduction? CRA lets you recover refunds on prior filed returns over a maximum 10 years. Adjustments to 2003 tax returns can still be made until Dec. 31, 2013. Be sure to claim capital losses, safety deposit box charges, disability, medical and other tax credits, and file missed returns to create RRSP contribution room.
Give generously. The new First-Time Donor’s Super Credit, available between 2013 and 2017, is for cash rather than in-kind donations, as long as you or your spouse have not donated in the prior five years. The regular calculations change from 15% to 40% on the first $200 and from 29% to 54% for those over $200 but not over $1000.
Consider giving $1,000 in cash, perhaps by generating losses in non-registered portfolios…
GE plans to spin off credit card unit in IPO
– theglobeandmail.com
Initial public offering, announced on Friday, should help reduce GE’s so-called “bank discount” on Wall Street
Western Canada has more debt, and that’s good
– moneysense.ca
Higher average consumer debt levels in the West can be explained by greater optimism that encourages more spending. “Households with relatively high incomes, couples with children, and people living in growing regions tend to cause overall debt levels to rise,” says Roger Sauvé, a demographer at People Patterns Consulting. “All these factors are clearly more evident in most of the West.” Economic performance in central Canada, Sauvé adds, has been flatter.
Source: Canadian Consumer Credit Trends Q2 2013, Equifax
The post Western Canada has more debt, and that’s good appeared first on MoneySense.
