The “Big Five” Canadian banks offer credit cards and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Did you know that there are many other options?
Latest News
Credit card limit decreased? Why it happens, and what to do about it + MORE Aug 28th
A credit limit decrease can happen because your spending habits changed, or if your good credit is mixed up with someone else's bad credit.... More »
B.C. Liberals to refund almost $93,000 for indirect donations + MORE Mar 25th
B.C Premier Christy Clark speaks to a crowd attending an Erase Bullying in Sport event in collaboration with Pink Shirt Anti-Bullying Day in Burnaby, B.C., on Wednesday, February 22, 2017. (Ben Nelms/CP)
VANCOUVER – The British Columbia Liberal Party says it has found 43 so-called indirect don.... More »
AIR MILES Shops: Spend $80 receive 100 bonus miles Mar 3rd
AIR MILES has launched a March Break bonus offer for shopping online via AIR MILES Shops. This promotion is available until March 17 and offers 100 bonus AIR MILES Reward Miles when you spend $80+ in a single transaction sitewide. The bonus can earned up to five times per collector so if you have mu.... More »
Roadside assistance, your credit card's little-known benefit + MORE Oct 10th
If your car breaks down by the side of the road, in some cases your credit card company won't leave you stranded.... More »
5 mistakes you should avoid after paying off credit card debt + MORE Jun 22nd
From running up debt again to not using your card at all, avoid these mistakes after paying off your credit card debt..... More »
'Joint and several liability' clause shares business debt risk
– creditcards.com
Small businesses have a hard time finding credit cards that don’t require a personal guarantee. There are some that will allow you to share the liability with your company, but that has limits
Tax tips to start 2015 off right
– moneysense.ca
(Gail Shotlander/Getty Images)With 2014 destined for the record books at midnight Wednesday, there’s not a lot of time left to optimize your investing and tax health. As noted here a week ago, it’s already too late to benefit from tax-loss selling, which had to be executed by Christmas Eve.
Even so, if you’re reading this on Dec. 30 or even Dec. 31, there are still a few actions you can take to maximize your wealth or at least minimize tax due in April but you’ll have to complete them well before you start singing Auld Lang Syne.
Charitable donations
A big one is donating to charity, as outlined in Evelyn Jacks’ column in the latest print edition of MoneySense. One of several useful tips she highlights is the First Time Donor’s Super Credit, which became available 2013 and will be around until 2017. Instead of the normal tax credit of 15% of donations under $200, the Super Credit boosts this to 40% for first-time donors. And between $200 and $1,000 the Super Credit boosts the tax credit from 29% to a whopping 54%…
Huge Air Miles Bonuses for Gift Card Purchases at Safeway – 1.4 Reward Miles per $1 spent (until Jan 1, 15)
– RewardsCanada.ca
Safeway has come out with new Air Miles bonuses on buying gift cards just like the offer back in November but even better! That previous offer awarded 1.1 Air Miles per dollar spent on gift cards (55 Air Miles for each $50 card purchased) while this offer bumps that up to 1.4 Air Miles per dollar spent since you’ll get 70 Air Miles for each $50 card purchased by January 1st. You have to print out the coupons and you can find them here. The merchant gift cards included are Spafinder, Bass Pro Shops, Roots, the Keg, La Vie En Rose, La Senza, Sport Chek, Garage, Cactus Club Cafe, Marks and Canadian Tire.I bought 6 cards during the last go round for 330 bonus Air Miles plus 600 Membership Rewards points which equates to 600 Aeroplan Miles or British Airways Avios as I purchased them on my American Express Gold Rewards card which awards 2 points per dollar spent at grocery stores. Other credit cards you can look at using to really bump your miles/points earning on these types of purchases include (earning is per dollar spent): American Express Air Miles Reserve Credit Card: 1 Mile/$10 CIBC Aerogold Visas: 1…
