How to go about securing the best rate and plan for your credit card in Canada.
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Employers running credit checks on job applicants must tread carefully + MORE Jul 25th
The screening tool is increasingly seen as unfair by state legislatures, though they may make sense in some cases.... More »
Not all 'digital wallets' give you bonus reward points + MORE Feb 10th
If you're using a mobile wallet to make purchases using your American Express card, you may not get get those bonus rewards points the card promises.... More »
Debt-free seniors may have a new credit problem: They're 'unscorable' + MORE Dec 22nd
Congratulations! You've paid off your mortgage and all other debt. But you may have lost something else in the process: your credit score.... More »
Case Study: Should These Boomers Get a Reverse Mortgage? + MORE Nov 25th
Although he always thought his parents were doing ok in retirement, a friend of mine just got a big shock: His folks – now both in their mid-70s – seem to be running short of money.
They’re not visiting the food bank or taking in boarders, but rising costs and fairly modest pensions are s.... More »
Exploring mysterious worlds in 'The Hunt for Planet B' - CNN + MORE Nov 20th
Exploring mysterious worlds in 'The Hunt for Planet B' CNNThe most powerful telescope ever built is about to change how we see the universe East Idaho NewsNASA's huge James Webb Space Telescope is one month from launch Space.comThe name of NASA's most powerful telesc.... More »
The tax implications of getting back together
– moneysense.ca
(Getty Images/Jose Luis Pelaez)Q: My wife and I separated two years ago but we’re now trying to work things out for our kids. What impact will our reuniting have on government benefits my wife has received and what will the tax consequences be? Will we end up owing money? —Joshua Elimino, Scarborough, Ont.
A: It isn’t unusual to have a lower overall tax burden when separated, says chartered accountant Enzo Testa, a partner at Collins Barrow. “Any spousal support paid is deductible by the payer and taxable to the recipient. If the recipient is in a lower tax bracket, which tends to be the case, this alone results in lower taxes.” Some tax credits are based on family income—so the lower the income the higher the credit, and other credits require that the parents are “separate and living apart.” Things like the child tax benefit or HST rebates “may need to be refunded if income levels change as a result of the reconciliation” says Testa, but you wouldn’t owe anything for the lower taxes you paid during the years you were separated…
Oct 2 Update: 500 Bonus Aeroplan Miles on Delta Hotel stays, 20% bonus when converting RBC Rewards Points to WestJet
– RewardsCanada.ca
This is what Thursday brings in the world of travel rewards! News, Tips & TricksBe sure to vote for your favourtie Travel Rewards Credit Card in Canada’s Top Travel Rewards Credit Cards! Cast your vote nowAnother Air Miles bonus for Safeway shopping this weekend. Spend $100 get 100 bonus Miles between Oct 3 and 6. Get the coupon here. In the bonus offers section check out the Aeroplan Delta hotels offer and the transfer bonus from RBC Rewards to WestJet Rewards! Bonus Offers Air Canada / Aeroplan- 500 Bonus Aeroplan Miles on all eligible Delta Hotels stays in Canada. More… Until Nov 30, 14 – Earn up to 2,000 Bonus Aeroplan Miles when book a cruise during the World Explorer Sale. More… Until Oct 20, 14airBaltic PINS (on FrequentFlyerBonuses.com only)- 300 Bonus PINS when you pre-order your meal worth EUR 15 or more for your next airBaltic flight. More… Until Oct 31, 14 – Triple PINS for Sixt rentals in the Netherlands, Austria or France. More… Until Oct 15, 14Cathay Pacific Asia Miles- Double Asia Miles for every HKD10 spent on hotel bookings at Agoda…Prescreened card offers don't impact your credit score
– creditcards.com
Prequalified or prescreened credit card offers just mean you meet a card issuer’s broad criteria. But if you try to take the offer, the real credit check occurs
