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Latest News
In reality only a few programs will be affected by the proposal to make points expiry illegal + MORE Dec 2nd
It has been quite the frenzy over the past 24 hours (we've completed 7 interviews and 1 more to go) in regards to the the proposed bill in Ontario that would make the expiration of points and miles illegal. In our post yesterday we wondered if the bill would cover both Expiry and Inactivity Rules or.... More »
What to do with a monetary advance on your inheritance + MORE May 28th
Q. My amazing parents are downsizing and have decided to gift my husband and me $200,000. It’s nice for us but leaves me with a lot of questions. My husband and I are 37 years old and have been happily married for 15 years. We have no credit card debt, and just $12,000 on a credit line we used for.... More »
Telus customer hit with $24K cellphone bill: Could it happen to you? + MORE Feb 7th
When Jesse Janssen received his Telus cellphone bill in September, he was shocked to discover it included $24,156.91 in data roaming charges. Janssen says someone stole his phone and was able to rack up the charges by consenting to text messages sent by Telus..... More »
American Express will issue replacement Annual Travel Credits for Platinum Cardmembers who didn't use them during the pandemic + MORE Apr 8th
The Platinum Card from American Express may be one of the most expensive cards to carry in your wallet at $699 per year but there's good reason for that. You have an amazing lounge access program, you get automatic hotel elite status with numerous hotel chains, you get the Fine Hotels & Re.... More »
Hilton Honors next systemwide promotion has been revealed – Double Points & Elite Nights + MORE Aug 25th
Loyalty Lobby broke the news just over a day ago that the details for Hilton Honor’s next systemwide promo had been revealed. There isn’t a registration landing page available yet but the FAQ page is what went out on the web which astute searchers have found. The new promotion called Doub.... More »
Senior Ontario cabinet ministers on Thursday downplayed a decision by Moody’s Investors Service to change Ontario’s debt outlook from stable to negative, but the Opposition warned an expensive credit downgrade could soon follow.
Moody’s decision to change the outlook on Ontario’s credit ratings to negative puts added pressure on a provincial government looking to eliminate the deficit by fiscal 2017-1018.
CIBC and Tim Hortons have teamed up to launch the Double Double Visa. It combines a credit card with the Tim Hortons loyalty program.Air Canada: 2,500 Bonus Aeroplan Miles for AC flights between Canada and Switzerland
– RewardsCanada.ca
Fine chocolate, luxurious watches, and great skiing are just some of the things that describe Switzerland and now Aeroplan members planning to fly Air Canada to this great country can earn a small bonus. The offer of 2,500 bonus Aeroplan miles is good for a long period (9 months) but the key is that you have to register and book by September 12th. Offer details2,500 Bonus Aeroplan Miles for roundtrip flights (or 2 one-way segments) on Air Canada or or an Air Canada Vacations package between Montreal and Geneva or Toronto and Zurich. Register Online (Registration is required) Register and book between Jul 1 and Sep 12 for travel Aug 1, 14 – Apr 30, 15Can’t make use of this offer? Check out our Aeroplan Bonus Miles page for many more bonus offers!Calculating adjusted cost base: A case study
– moneysense.ca
If you’ve read our ironically titled white paper, As Easy as ACB, you understand how complex it can be to track the adjusted cost base of ETFs. You need to account for all purchases and sales of shares during your holding period and then adjust for any reinvested distributions, return of capital and share splits along the way. Since that paper came out, several readers have emailed to ask whether it’s really necessary to do all that work.That’s up to each investor to determine, but I wouldn’t want the Canadian Revenue Agency to discover you were paying a lot less tax than you owed. And as we discovered recently with a client of our DIY Investor Service, taking the time to accurately calculate your adjusted cost base can also save you from paying unnecessary taxes.
Our client purchased 300 shares of the iShares S&P/TSX Composite Index ETF (XIC) in September 2005 and added another 200 shares the following year. She eventually sold the entire holding (which by then had more than doubled in value) in April of this year…
