15x AIR MILES Reward Miles on all airmilesshops.ca purchases until November 29 + MORE Nov 20th

 
The right credit card can help protect you from online fraud, shoddy deals, and, of course, save you cash.
As the loonie rises and tumbles and household debt steadily increases, deal-happy Canadians are still gearing up to hit this week’s Black Friday and Cyber Monday door-buster sales.
Though the Black Friday and Cyber Monday “holidays” have origins in the U.S., they have steadily grown in popularity in Canada and are now usurping Boxing Day – with some shoppers even claiming Black Friday offers better deals.
For the savvy shopper, spending holidays can be a great time to save a few bucks on gifts and toys for the kids, maybe pick up the smartphone you’ve been eyeing, or grab that patio set you’ll need come spring.
But getting caught up in these sales has a downside – particularly, online and in-store fraud, travel costs and steep duties and taxes.
The good news? Your method of payment can go a long way in protecting you from shopping pitfalls.
Here are our top three reasons for getting a better credit card for your 2017 Black Friday and Cyber Monday purchases…

Q. In the 1980s, I bought a number of bottles of wine that I kept in my cellar. I’ve now put this wine up for auction, and it will fetch over $10,000. However, I have no records of the original purchases, and no memory of what I paid for the wine, although it was certainly a lot less. How do I handle the reporting of capital gains on the sale of the wine? – Ken M.  Toronto
Hi, Ken. That’s a good question. For U.S.citizens, green card holders and those who are considered resident aliens under the U.S. Tax Code, sales from collectibles including bottles of wine are taxed a 28% capital gains rate, plus of course an additional 3.8% Net Investment Income Tax if you have a high income.
Assuming you live in Canada, you would receive credit for any taxes you pay to Canada Revenue Agency on the income. On the Canadian side, because the wine is listed as personal property, the original cost is assumed to be $1.000 (Cdn.). That would be your starting point.
Since Canadian taxpayers are required to keep books and records in order to determine their tax liability, you would need to find some sort of documentation to support a higher cost…

Black Friday this week unofficially marks the start of the holiday shopping season —and for some people, the start of blown seasonal budgets and overspending.If you’re hoping to survive this year’s Black Friday – and subsequent Cyber Monday – without falling off the budget bandwagon, this is the article for you. Stacy Yanchuk Oleksy, director of education and community awareness at the Credit Counselling Society, shared her top tips on saving money and making wise financial decisions on two of North America’s top shopping days.• Set your goals: If you decide to brave the crowds, be clear on your intention before you set out. Keep in mind what you hope to purchase, who you’re buying it for, and what your price range is – then stick to it.“Are you doing your Christmas shopping? Do you need new towels? Or are you going there to browse and take in the crowds?” says Yanchuk Oleksy. “Ask yourself – am I tempted because I really do need this and it’s a great deal, or am I just tempted because I want it?”• Bring cash: Shopping with cash and leaving your credit and debit cards at home is a great way to limit your spending, avoid impulse purchases, and stick to your budget…

The online shopping bonuses are the best during the holiday season and here is the next one! For the next 9 days you can earn 15x Reward Miles on each qualifying purchase of $20 or more dollars via Air Miles Shops. For more Holiday SFor more details visit airmilesshops.ca For more on Holiday Shopping check out our Top 6 tips for maximizing miles & points earning on your holiday shoppingHere are the terms of the offer: Monday November 20 until Wednesday November 29, 2017. Get 15x Miles sitewide† LIMITED TIME OFFER: Get 15x AIR MILES® Reward Miles on qualifying purchases of $20 CDN or more, excluding shipping, duty and taxes, made in a single transaction between 00:00:01 AM ET on November 20 and 23:59:59 PM ET on November 29, 2017. Offer applies to the total Base Miles collected on qualifying purchase amount excluding shipping, duty and taxes. Base offer may vary per store, click on store logo at airmilesshops.ca for details. Collectors must sign in at airmilesshops.ca before purchasing in order to get Reward Miles…

Considering charging thousands of dollars in online courses on your card to jump-start your career? Spend some time doing research first.