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A sleeping giant: The Scotiabank Platinum American Express Card + MORE Jul 29th
There is one Ultra Premium credit card that just can't seem to stay in the spotlight, even with it having some significant changes at start of July, the card just seems to quickly fall into the shadows. That card is the Scotiabank Platinum American Express card. A sleeping giant in our market, the c.... More »
The best GIC rates in Canada for 2025 Sep 29th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Are European authorities trying to force regime change in Greece? + MORE Jun 30th
It’s not surprising that the European Central Bank has limited its credit to Greece by enough to force the Greek banking system to close
.... More »
This Week in RWRDS: January 5, 2024 Jan 6th
This week we look at the new increased credit card welcome bonuses from Scotia and TD; we take a look at RBC Avion Rewards Select new points earning card linked offers and more in our weekly credit card and loyalty rewards newscast! Watch This Week in RWRDS here: Listen to This Week in RWRDS here: [.... More »
How are geniuses made? + MORE Jan 10th
THE GEOGRAPHY OF GENIUS
Eric Weiner
Early in his career, Freud had his theories of psychoanalysis dismissed, even ridiculed; Einstein had difficulty obtaining his Ph.D. Both today are regarded as geniuses, but the term is selective, subjective and ever shifting. In his 2008 bestseller, The Geograph.... More »
The Conservative government announced its latest tax policy volley last Thursday in Vaughan, Ont. Over the next five years, the value of the newly-promised tax cuts is estimated at $26.8 billion, so this package puts a large dent into any future surpluses. Below, I first outline the details of the tax package and then talk about how much we should rely on the typical ‘who gets what’ analysis. Finally, I go through the three elements of the package and see how well each stands up against tax principles.The first element of the package adds $60 per month to the Universal Child Care Benefit (UCCB) for each child age 0 to 17, which takes the taxable UCCB to a total of $160 monthly for children age 0 to 5 and $60 for those age 6 to 17. The UCCB expansion was twinned with repeal of the non-refundable Child Tax Credit, which had an annual value of $338 per child—but only paid out to those who owed income taxes. The second major element is an update of the Child Care Expenses Deduction by $1,000—the first time the deduction’s value has moved since 1998…
Big Data rewards come with tricky set of risks for companies
– theglobeandmail.com
Companies discover through trial and error that info gathered to tailor offerings to individual customers can also creep them out
The Conservative government announced its latest tax policy volley last Thursday in Vaughan, Ont. Over the next five years, the value of the newly-promised tax cuts is estimated at $26.8 billion, so this package puts a large dent into any future surpluses. Below, I first outline the details of the tax package and then talk about how much we should rely on the typical ‘who gets what’ analysis. Finally, I go through the three elements of the package and see how well each stands up against tax principles.The first element of the package adds $60 per month to the Universal Child Care Benefit (UCCB) for each child age 0 to 17, which takes the taxable UCCB to a total of $160 monthly for children age 0 to 5 and $60 for those age 6 to 17. The UCCB expansion was twinned with repeal of the non-refundable Child Tax Credit, which had an annual value of $338 per child—but only paid out to those who owed income taxes. The second major element is an update of the Child Care Expenses Deduction by $1,000—the first time the deduction’s value has moved since 1998…
The future of payments is wearable, and it’s already here
– canadianbusiness.com
The Bionym Nymi wristband authenticates your digital identity by detecting your heartbeat. (Bionym)Mobile payments are just starting to gain traction in the consumer world, but they’re already behind the curve. Toronto tech firm Bionym today announced a pilot project in association with MasterCard and the Royal Bank of Canada (RBC) that will turn its Nymi wearable into a payment device.
Canadians already use cash for only 10% of their transactions. The vast majority of that non-cash activity is composed of credit and debit cards, and tap-to-pay cards and point of sale (POS) terminals are already in widespread use in Canada. That makes Toronto the perfect test case for Bionym’s undertaking, because the Nymi will use the same near-field communications (NFC) technology in currently-available contactless payment options.
MasterCard’s involvement in a recent $14 million funding round was an early indicator that Bionym was considering the payment space. The pilot will be limited to existing MasterCard account holders, and unlike the much-hyped Apple Pay-enabled Apple Watch, will not require users to have a paired mobile device on hand…
