All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
The Best Secured Credit Cards of 2018 + MORE Jun 25th
A secured credit card is one that might require that you provide funds to guarantee the loan. Remember, a credit card is a loan, and if you have no credit, or bad credit, issuers might be reluctant to issue you a card. This is where a secured credit card comes in.
If you are willing to provide a sec.... More »
What to do about your debt after the interest rate hike + MORE Jan 18th
TORONTO — Many consumers will soon find their debt loads heavier now that Canada’s central bank and the country’s biggest commercial lenders have raised their benchmark rates by one-quarter percentage point.
The country’s biggest banks raised their prime rates after the Bank of C.... More »
New to Canada? Here’s how the Scotiabank newcomer offer can help Dec 17th
Newcomers to Canada typically have a hard time applying for credit cards or financial products simply because they have no Canadian credit history. Fortunately, Scotiabank’s StartRight® Program offers newcomers the ability to apply for credit and start building their credit history in Canada.
.... More »
Chexy co-founder Liza Akhvledziani on investing, debt, and why you should always negotiate Jul 17th
When Liza Akhvledziani moved to Canada as an international student, she quickly realized that money worked differently here. From building a credit history to understanding how debt could affect her financial future, she had to learn a new set of rules while rebuilding her financial life from scratc.... More »
Wrongly reported old delinquencies can keep credit score low Jun 29th
Old delinquencies reported as recent by mistake can seriously damage your credit score. Identify any errors on your credit report and submit an investigation to credit bureaus.... More »
Ottawa posts $3.2B deficit for October
– macleans.ca
OTTAWA – The federal government says it posted a deficit of $3.2 billion in October due in large part to its new income-splitting plan for families and the doubling of the children’s fitness tax credit.
The result for the month compared with a deficit of $2.5 billion in October 2013.
The tax changes resulted in a $1.6-billion adjustment to revenue and, without that, Ottawa would have posted a deficit of $1.6 billion for October.
The Harper government announced in October it would go ahead with income-splitting plan for couples with children as well as higher child-care benefits.
The income splitting plan has been sharply criticized by the opposition who say the $2-billion-a-year program would only benefit about 15 per cent of Canadian households.
For the fiscal year to date, the government posted a deficit of $4 billion, compared with a deficit of $12.8 billion in the same period a year ago.
The post Ottawa posts $3.2B deficit for October appeared first on Macleans.ca.
The result for the month compared with a deficit of $2.5 billion in October 2013.
The tax changes resulted in a $1.6-billion adjustment to revenue and, without that, Ottawa would have posted a deficit of $1.6 billion for October.
The Harper government announced in October it would go ahead with income-splitting plan for couples with children as well as higher child-care benefits.
The income splitting plan has been sharply criticized by the opposition who say the $2-billion-a-year program would only benefit about 15 per cent of Canadian households.
For the fiscal year to date, the government posted a deficit of $4 billion, compared with a deficit of $12.8 billion in the same period a year ago.
The post Ottawa posts $3.2B deficit for October appeared first on Macleans.ca.
Rent to Own Retail: What You Need to Know
– ratesupermarket.ca
When it comes to buying big-ticket items like furniture and appliances, ‘pay no interest for six months!’ promotions from big box stores are hard to resist – and may even be good value, providing you have the money to pay things off six months later.
But don’t confuse such layaway deals with the offerings from rent-to-own stores like Easyhome and Aaron’s, which are aimed largely at pay-by-the-week low-income households.
It’s an easy sell: you take the furniture or appliance home and make small lease payments rather than footing the entire purchase price at once. Buyers know they’re paying more than the item is worth – although the size of the mark up seems to come as a surprise to many – but feel, largely because of poor credit, that they have little choice.
Also read: Is Rent-to-Own Housing Ever a Good Idea?>
Why Pay More Than It’s Worth?
That’s what happened to Quebec homemaker Paula Dnistrianskyj when she signed up for a fairly basic refrigerator from Easyhome, paying $21 a week on a three-year contract…
Ottawa posts $3.2B deficit for October
– macleans.ca
OTTAWA – The federal government says it posted a deficit of $3.2 billion in October due in large part to its new income-splitting plan for families and the doubling of the children’s fitness tax credit.
The result for the month compared with a deficit of $2.5 billion in October 2013.
The tax changes resulted in a $1.6-billion adjustment to revenue and, without that, Ottawa would have posted a deficit of $1.6 billion for October.
The Harper government announced in October it would go ahead with income-splitting plan for couples with children as well as higher child-care benefits.
The income splitting plan has been sharply criticized by the opposition who say the $2-billion-a-year program would only benefit about 15 per cent of Canadian households.
For the fiscal year to date, the government posted a deficit of $4 billion, compared with a deficit of $12.8 billion in the same period a year ago.
The post Ottawa posts $3.2B deficit for October appeared first on Macleans.ca.
The result for the month compared with a deficit of $2.5 billion in October 2013.
The tax changes resulted in a $1.6-billion adjustment to revenue and, without that, Ottawa would have posted a deficit of $1.6 billion for October.
The Harper government announced in October it would go ahead with income-splitting plan for couples with children as well as higher child-care benefits.
The income splitting plan has been sharply criticized by the opposition who say the $2-billion-a-year program would only benefit about 15 per cent of Canadian households.
For the fiscal year to date, the government posted a deficit of $4 billion, compared with a deficit of $12.8 billion in the same period a year ago.
The post Ottawa posts $3.2B deficit for October appeared first on Macleans.ca.
Private equity investors have global vision for DBRS
– theglobeandmail.com
Carlyle Group and Warburg Pincus’s acquisition of Canadian credit rating agency said to be worth about $500-million
