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April 27 Update: Credit Cards that earn the most points, 3rd Party Hotel Booking site bonuses, Aeroplan makes commitments to members + MORE Apr 27th
Today saw us release another feature on the main Rewards Canada website. This feature looks at the credit cards that earn the most points and miles on everyday spend and nothing else. Read the feature here: The Top 5 Credit Cards for Earning Points and Miles (This feature will be updated as frequ.... More »
Buy now, pay later: Are installment plans a budget win or finance fail? + MORE Dec 18th
As the past year or so continues to meld into one long, sweatpants-clad day, it’s no surprise Canadians have turned to online shopping for much-needed boosts of morale. If you’re clicking “add to cart” for sport, you’ve probably noticed that when you reach the checkout page, instead of fin.... More »
Researchers Finally Have The Answer To What Caused Mass Extinction 420 Million Years Ago - Mashable India + MORE Sep 3rd
Researchers Finally Have The Answer To What Caused Mass Extinction 420 Million Years Ago Mashable IndiaMass extinction event 2 billion years ago killed 99 percent of life on Earth, study says Fox NewsLack of Oxygen Caused Extinction of 99.5% Life on Earth 2 Billion Years Ago, S.... More »
Huge Aeroplan promotion - Receive 50% of your miles back on award flights within Canada or between Canada and the U.S. + MORE Jun 17th
Even though Aeroplan's huge Travel at Home promotion is over they aren't stopping with providing new offers for members. The latest is really for those itching to travel and it's a big one! When you book flights with your Aeroplan miles for travel within Canada or between Canada and the U.S. they wi.... More »
WestJet elite members can earn up to 2x qualifying spend on WestJet flights for the remainder of the year + MORE Jun 5th
WestJet is looking forward to travel returning this year and to encourage their elite members to fly with them they launched this pretty sweet offer! For the remainder of the year all WestJet Rewards elite tier members (Silver, Gold, Platinum) can earn up 2x qualifying spend when they fly on WestJet.... More »
Pros and cons of using the tax system to subsidize health care premiums for the uninsured
– canadianbusiness.com
Using the federal income tax system to promote social policy goals is a time-honoured strategy for policymakers of both political parties.
The nation’s main anti-poverty program, the Earned Income Tax Credit, uses the tax system to supplement the earnings of low-income families. Employer-provided health insurance is tax-free for workers and tax-deductible for companies, a huge boost for workplace coverage.
But some economists say that the chief purpose of any tax system should be revenue collection, and using income taxes to advance social policy makes the code needlessly complicated, while also distorting incentives to work, save and invest.
Some pros and cons of using the tax system to help people pay premiums for private health insurance, as the Affordable Care Act does:
PRO: Could build support for the health overhaul because tax credits have greater political popularity than traditional government spending programs.
CON: Complicates tax filing for many lower-to-middle income people, who may not be able to afford tax-preparation services…
The nation’s main anti-poverty program, the Earned Income Tax Credit, uses the tax system to supplement the earnings of low-income families. Employer-provided health insurance is tax-free for workers and tax-deductible for companies, a huge boost for workplace coverage.
But some economists say that the chief purpose of any tax system should be revenue collection, and using income taxes to advance social policy makes the code needlessly complicated, while also distorting incentives to work, save and invest.
Some pros and cons of using the tax system to help people pay premiums for private health insurance, as the Affordable Care Act does:
PRO: Could build support for the health overhaul because tax credits have greater political popularity than traditional government spending programs.
CON: Complicates tax filing for many lower-to-middle income people, who may not be able to afford tax-preparation services…
