All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
Over 40 new American Express Cobalt Card Confirmed Multiplier locations Oct 11th
Our American Express Cobalt Card Confirmed Multiplier Locations feature received a nice big update over the past few days thanks to Andre, Ben and ourselves. Andre provided a bunch more locations Quebec, Ontario, Atlantic Canada and Europe. Ben gave us our first non-chain locations in Sudbury and we.... More »
August 24 Update: Air Canada to launch Montreal-Tokyo flights, bonus AIR MILES for Hudson Bay eGift Cards & more! + MORE Aug 25th
News, Tips & Tricks Air Canada has announced new direct non-stop flights between Montreal and Tokyo Narita! These flight launch on June 1, 2018 and are currently showing lots of Aeroplan availability for Economy and Business Class redemptions! Now's the time to jump on it as those will be .... More »
Weekly rate report: Average card APR sits tight at 17.14 percent + MORE Nov 21st
November 21, 2018: Average rates on new credit card offers remained at a record high Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report..... More »
Russian man faces US trial in lucrative hacking scheme + MORE Aug 14th
SEATTLE – Prosecutors describe Roman Seleznev, the son of a Russian lawmaker, as a master hacker who orchestrated an international scheme that resulted in about $170 million in fraudulent credit card purchases.
In a federal jury trial that begins this week, they plan to lay out evidence that t.... More »
Earn 60 Bonus AIR MILES Reward Miles for stays at IHG Hotels until the end of July + MORE May 24th
If you are a serious AIR MILES collector and have summer travel plans then you can rack up the miles on your hotel stays! Last week we told you about the AIR MILES Best Western offer and now there is this offer to earn bonus miles at IHG Hotels Worldwide. IHG includes brands like InterContinental, C.... More »
Credit gardening: Sow the seeds for a great score
– creditcards.com
Fixing bad credit will take time. But following a ‘credit gardening’ plan can make the journey simpler
Tax implications for selling a U.S. property
– moneysense.ca
I’m considering selling my property in the U.S. I know I’ll need to pay capital gains on the appreciated value but do I claim the gains in U.S. or Canadian currency?
—Paul and Barb, Fort McMurray, Alta.
Timing is everything, in both comedy and taxes. According to Philippe Brideau, spokesperson for the CRA, both the cost of the property to buy and the proceeds of the sale must be converted into Canadian dollars using the exchange rate at the time of each transaction. You then report the capital gain, or loss, on your tax return based on “the difference between those two Canadian dollar amounts.” But the CRA isn’t the only tax collector to consider. The U.S. also cares about that property sale, explains Kim Moody of Calgary-based Moodys Gartner Tax Law. “A Canadian needs to first report a gain or loss in the U.S. by filing a U.S. tax return—form 1040NR—and paying any applicable U.S. taxes.” Expect to pay a withholding tax to the Internal Revenue Service, which you claim as a foreign tax credit on your Canadian tax return…
—Paul and Barb, Fort McMurray, Alta.
Timing is everything, in both comedy and taxes. According to Philippe Brideau, spokesperson for the CRA, both the cost of the property to buy and the proceeds of the sale must be converted into Canadian dollars using the exchange rate at the time of each transaction. You then report the capital gain, or loss, on your tax return based on “the difference between those two Canadian dollar amounts.” But the CRA isn’t the only tax collector to consider. The U.S. also cares about that property sale, explains Kim Moody of Calgary-based Moodys Gartner Tax Law. “A Canadian needs to first report a gain or loss in the U.S. by filing a U.S. tax return—form 1040NR—and paying any applicable U.S. taxes.” Expect to pay a withholding tax to the Internal Revenue Service, which you claim as a foreign tax credit on your Canadian tax return…
Dream Office REIT shifts gears amid 'messed-up time' for office sector
– theglobeandmail.com
The real estate investment trust announced plans to slash its distribution by one-third, top up its credit facility to $800-million and unload at least $1.2-billion worth of properties over the next three years
Samsung mobile-pay service will expand, starting with China
– canadianbusiness.com
NEW YORK, N.Y. – Samsung’s mobile-payment service will expand beyond the U.S. and South Korea this year.
The South Korean company said Friday that Samsung Pay is coming to China in March — a month after rival Apple Pay. It will hit Australia, Brazil, Singapore, Spain and the U.K. later in the year. Samsung also plans to expand to Canada, though no timeframe was given.
Samsung Pay works with certain Samsung phones. As with Apple Pay on iPhones and Google’s Android Pay on a broader range of Android phones, users add their credit or debit cards and make payments at stores by tapping on a machine with a wireless technology called NFC.
Many merchants don’t have NFC, though. Samsung Pay can work at additional stores by mimicking the magnetic swipes produced by plastic cards.
The post Samsung mobile-pay service will expand, starting with China appeared first on Canadian Business – Your Source For Business News.
The South Korean company said Friday that Samsung Pay is coming to China in March — a month after rival Apple Pay. It will hit Australia, Brazil, Singapore, Spain and the U.K. later in the year. Samsung also plans to expand to Canada, though no timeframe was given.
Samsung Pay works with certain Samsung phones. As with Apple Pay on iPhones and Google’s Android Pay on a broader range of Android phones, users add their credit or debit cards and make payments at stores by tapping on a machine with a wireless technology called NFC.
Many merchants don’t have NFC, though. Samsung Pay can work at additional stores by mimicking the magnetic swipes produced by plastic cards.
The post Samsung mobile-pay service will expand, starting with China appeared first on Canadian Business – Your Source For Business News.
