Rate survey: Average card rates fall to 14.96 percent + MORE Nov 11th

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Charity 100: Overview
Charity 100: Grades
Charity 100: Lotteries
Charity 100: Tax tip
Charity 100: Methodology

Thinking about donating some proceeds from a sale of property or stock to your favourite charity over the holiday season? You may want to consider holding off for one more year if you want to give a bigger and better gift. Come 2017, as promised in the latest federal budget, capital gains tax will be eliminated from the sale of real estate and private company shares if the proceeds are donated to a registered charity within 30 days. This may turn out to be a real boon for charities, as cash donations are expected to increase by $200 million per year. Best of all, donors will still receive a sizeable charitable tax credit, despite bypassing capital gains altogether. As the example below shows, donating the proceeds from the sale of a cottage could shave tens of thousands of dollars off your tax bill.

 
The post Don’t be generous this Christmas?! appeared first on MoneySense.

With no credit activity, no credit score can be generated, which eliminates the possibility of you being approved for a mortgage

Have two cards from one issuer? Trying combining credit limits before you close one

Nov. 11, 2015: Interest rates on new credit card offers tumbled Wednesday for the first time in almost nine months, according to the CreditCards.com Weekly Credit Card Rate Report.

TORONTO – The Ontario Superior Court of Justice has approved a $32.5-million settlement in a class-action lawsuit filed by investors who lost money when Sino-Forest Corp. collapsed in 2012 amid allegations of fraud.
Several Canadian banks and other financial institutions that helped the Chinese forestry company raise millions on the financial markets agreed to the settlement back in January.
The agreement does not include any admission of wrongdoing.
The case alleged that directors, officers, auditors and underwriters at Sino-Forest used misleading accounting tactics to defraud investors.
The allegations have not been proven in court.
The settlement includes Credit Suisse Securities (Canada) Inc., TD Securities Inc. (TSX:TD), Dundee Securities Corp., RBC Dominion Securities Inc. (TSX:RY), Scotia Capital Inc. (TSX:BNS), CIBC World Markets Inc. (TSX:CM), Merrill Lynch Canada Inc., Canaccord Financial Ltd. (TSX:CF) and Maison Placements Canada Inc.
Follow @alexposadzki on Twitter.
The post Court approves $32…