How to go about securing the best rate and plan for your credit card in Canada.
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What Happens To Debt When You Get Married? Dec 14th
Many couples are getting married with a significant amount of debt. One or both partners might have student loans, credit card debt, a line of credit, an auto loan, or a mortgage. In 2014, Harris/Decima conducted a poll that showed two in five Canadian newlyweds enter their marriages with debt .... More »
Credit card interest rates decrease to 14.92 percent + MORE Dec 17th
December 17, 2014: Average rates on new credit card offers decline slightly to 14.92 percent this week, according to the CreditCards.com Weekly Credit Card Rate Report..... More »
MyPoints Review: Get Rewarded for Surveys, Online Shopping, and More + MORE Oct 16th
I’ve often said that one of the easiest ways to make a few extra bucks is by participating in online surveys. While paid surveys are never going to make you rich, it’s something that you can try while you’re doing other things, like watching Netflix, or sitting in a waiting room.
MyPoints is o.... More »
Small Business Credit Profile: Torqued + MORE Nov 14th
Tim Trampedach turned his side hustle importing car racing seats into a full-time motorsports business. The company is not backed by venture capital or loans - instead, credit cards are fueling its race toward success..... More »
February 12 Update: Canada's new entry requirements to start on February 22 and the Government of Canada approves Air Canada's takeover of Air Transat Feb 13th
Here's your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. This update is brought to you by the HSBC +Rewards Mastercard which is currently offering a welcome bonus of up to 30,000 bonus points, no.... More »
Am I liable for my business' corporate card debt?
– creditcards.com
A small-business owner’s responsibility for the company’s credit card debt depends partly on the kind of card. Corporate cards and small-business cards treat liability differently
Can I Still Get a “Zero Down” Mortgage with a Credit Union?
– ratesupermarket.ca
In the aftermath of the “Great Recession” when the U.S. housing market imploded, sending the global economy into a tailspin, Canada’s financial institutions were resoundingly praised for their stability and sound lending practices. Still, our country’s financial leaders recognized that there were some risks inherent in the system, and mortgage regulations were introduced to tighten any loopholes.
One notable series of changes, introduced by the Office of the Superintendant of Financial Institutions revolved around residential mortgages, including efforts to stop banks from offering “cash back” or “zero down payment” mortgages. As of 2008, buyers have been required to make a minimum 5 per cent down payment on their home purchase when taking out a mortgage with a federally-regulated lender.
But since credit unions are regulated provincially, they don’t fall under OSFI rules, and are able to offer many mortgage options that the banks increasingly can not, meaning the zero per cent down mortgage does, technically, still exist…
A Pro-Family, Pro-Growth Tax Reform
– online.wsj.com
Two simple income-tax brackets: 15% and 35%. End the marriage penalty and increase the child tax credit.Sep 22 Update: Aeroplan Volvo bonuses return, Etihad systemwide flight bonus, IHG Rewards Club Bonus for Great Wolf Lodge stays
– RewardsCanada.ca
A quiet start to the week with only bonuses to bring your way! News, Tips & TricksIn the bonus offers section there are some great new bonuses. We see the return of the Aeroplan Volvo bonus miles offer. The best part of it is the free 250 miles with every test drive you do (limited to 1 test drive per 30 days). If you are planning to fly Etihad out of Toronto to Abu Dhabi or beyond be sure to register for their systemwide Double Miles (and Double Tier Miles if in Business/First Class) offer.The other really good offer sees IHG Rewards Club team up with Great Wolf Lodges! The offer is for bonus points, a discount and waterpark passes for stays this fall. If you are unfamiliar with Great Wolf they are a small chain of family oriented resorts that have huge waterparks as part of their resort offering! If you live in Southern Ontario you can easily visit their location in Niagara Falls while those in the Vancouver area have a location in the Seattle area. There are also other various locations across the U…
