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?
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Find the best credit card for your New Year’s resolution Jan 2nd
See how you can get rewarded for sticking to your New Year's resolutions in 2019..... More »
July 11 Update: 2018 Top Cash Back Credit Cards, Double Points for Radisson stays, new Coast Hotel in Oliver BC + MORE Jul 11th
If you missed it earlier we released out Top Cash Back Credit Card rankings for 2018! Three cards from 2017 remain in the Top 5 and two new cards make it into the list! Find them all here. Radisson Hotels have launched a new systemwide bonus offer. Members of Radisson Rewards can earn double point.... More »
Business credit card debt: Can I transfer card debt if I'm selling my business? + MORE Jan 28th
If you're selling your business, you can transfer the card debt associated with it to the new owner – just make sure to follow a few rules and put the agreement in writing..... More »
November 9 Update: Canadian North adding wireless IFE, Aeroplan Air Canada Getaway Bonus nixed for 2019, 10x Plum Points at Chapters Indigo + MORE Nov 10th
Canadian North will be adding wireless in-flight entertainment on select flights starting in January 2019 that are serviced with four of their 737s. If all goes to plan and the service is well received it will be expanded to all 16 of their aircraft. (Source Canadian North)This exciting new inf.... More »
Credit Card Review: HSBC World Elite Mastercard Aug 27th
The HSBC World Elite Mastercard is a relatively new card in the Canadian market. This is not their 'Premier World Elite' which is meant for people who bank at HSBC but rather this card is for any Canadian and it is essentially the same as the Premier version. When HSBC la.... More »
Mulcair pledges to boost GIS
– moneysense.ca
Tom Mulcair announced that an NDP federal government would increase the Guaranteed Income Supplement (GIS) for seniors by $400 million.
The NDP leader made the announcement Monday during a campaign stop in Toronto suggesting that the boost would help lift 200,000 vulnerable seniors out of poverty.
The GIS is a government benefit given to low-income seniors and is separate from Old Age Security (OAS).
The party also promises to reverse the Conservatives’ proposal to change the OAS eligibility age from 65 to 67.
“The number of seniors will nearly double in the next 25 years. The NDP is the only party with a national seniors’ strategy that will ensure that everyone can age with dignity,” Mulcair said in a press release.
The announcement comes after the other opposition parties recently pledged expanded benefits and boosted tax credits.
The Liberals promised to offer lifetime pensions to Canadian veterans and to expand the compassionate care benefit, while the Conservatives pledged to boost the withdrawal amount for the Home Buyers’ Plan, increase the adoption tax credit and reintroduce the home renovation tax credit…
The NDP leader made the announcement Monday during a campaign stop in Toronto suggesting that the boost would help lift 200,000 vulnerable seniors out of poverty.
The GIS is a government benefit given to low-income seniors and is separate from Old Age Security (OAS).
The party also promises to reverse the Conservatives’ proposal to change the OAS eligibility age from 65 to 67.
“The number of seniors will nearly double in the next 25 years. The NDP is the only party with a national seniors’ strategy that will ensure that everyone can age with dignity,” Mulcair said in a press release.
The announcement comes after the other opposition parties recently pledged expanded benefits and boosted tax credits.
The Liberals promised to offer lifetime pensions to Canadian veterans and to expand the compassionate care benefit, while the Conservatives pledged to boost the withdrawal amount for the Home Buyers’ Plan, increase the adoption tax credit and reintroduce the home renovation tax credit…
August 25 Update: Porter Airlines Pittsburgh launch sale, KLM Business Class sale, IHG Rewards Club Accelerate
– RewardsCanada.ca
Tuesday always seem to be a bit slower especially as the end of the month approaches! News, Tips & Tricks No news for you today! Posts since our last update:Great KLM Business Class Sale for Fall/Winter/Spring flights – Europe from $2,299 all in, Africa from $2,799 and more! KLM are it again running an amazing business class sale for their flights out of Canada! These are some…LAST WEEK: 500 Bonus AIR MILES with the No Fee BMO AIR MILES MasterCard Our special offer of 500 Bonus AIR MILES for signing up for the No Fee BMO AIR MILES MasterCard… Travel Deals Porter Airines is launching Pittsburgh service on September 21st and introductory flights are only $166 if you book by Sep 7 for travel until Dec 15. Find out more here. Bonus Offers airBaltic PINS (on FrequentFlyerBonuses.com only)- 4x PINS on all purchases at Chic Outlet Shopping Villages in Europe. More… Until Sep 15, 15Asiana Club- Triple Club Miles on all stays at participating Hilton Hotels Worlwide…West, East coasters top savers in Canada
– moneysense.ca
While Canadians in most provinces are dipping into their savings, residents of British Columbia and Newfoundland and Labrador are on average putting away more funds than the rest of the country, says a new study.
Canadians drew down an average of $2,901 per household in 2014, according to WealthScapes 2015 data.
In contrast, residents of B.C. put away $3,705 per household—the most in the entire country. The high savings rates were mostly seen in Vancouver, likely encouraged by the costly down-payments required to buy a home in the city’s hot real estate market.
Households in Newfoundland and Labrador, meanwhile, enjoyed net savings of $1,075. This was likely caused by the 4.7% rise in household incomes—twice the national average—prompted by strong economic activity in the province’s flourishing mining, oil and gas sectors.
The rest of us can congratulate ourselves for one thing, however. Credit card debt only rose by 0.3% in 2014, which is 1.2% lower than the inflation rate. Canadians as a whole also shied away from borrowing from lines of credit, and saw balances actually decline by 1…
Canadians drew down an average of $2,901 per household in 2014, according to WealthScapes 2015 data.
In contrast, residents of B.C. put away $3,705 per household—the most in the entire country. The high savings rates were mostly seen in Vancouver, likely encouraged by the costly down-payments required to buy a home in the city’s hot real estate market.
Households in Newfoundland and Labrador, meanwhile, enjoyed net savings of $1,075. This was likely caused by the 4.7% rise in household incomes—twice the national average—prompted by strong economic activity in the province’s flourishing mining, oil and gas sectors.
The rest of us can congratulate ourselves for one thing, however. Credit card debt only rose by 0.3% in 2014, which is 1.2% lower than the inflation rate. Canadians as a whole also shied away from borrowing from lines of credit, and saw balances actually decline by 1…
