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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The best rewards credit cards in Canada for 2024 + MORE Feb 1st
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The best rewards credit cards in Canada for 2024
Rewards credit cards help you earn cash back or points, which can be redeemed toward groceries, travel, merchandise, gift cards and more.
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AIR MILES Flash Offers: Earn bonus miles on Dream and Cash Miles redemptions Feb 25th
This week’s AIR MILES Flash Offers has the program offering bonus miles for collectors who complete Dream and/or Cash Miles redemptions by March 1, 2024. Both offers require collectors to opt-in prior to redeeming so simply log in to your online account or the app to do so. Earn 300 bonus mi.... More »
Scene+ redemption rate for groceries will be a great 1,000 points for $10 Jul 2nd
Today sees Scene+ revealing a few more details on the upcoming partnership with their new co-owner Empire Company Limited. The Atlantic Canada based corporation that operates grocery stores, pharmacies, liquor and convenience stores announced last month they were leaving the AIR MILES program to bec.... More »
Canada’s Top Travel Rewards Credit Cards 2021 Revealed - Time to rack up the points for future travel Jan 26th
Travel may not be on the radar for Canadians due to the ongoing pandemic but people are itching to get away once it is safe to do so. That means most Canadians are planning for the long term when it comes to travel and now is the time to start thinking about collecting as many points and miles.... More »
It's finally here! You can now convert American Express Membership Rewards points to Air France KLM Flying Blue + MORE Aug 20th
For those who saw this several years ago the wait is over. American Express Canada has added a new airline program to their Membership Rewards frequent traveler participants! This is the part of the program where you can convert Membership Rewards points to airline programs and the two most po.... More »
6 Ways to Save Money On Your Taxes
– ratesupermarket.ca
Canadians either love or dread tax season. Taxes are typically due in April; however, the 2019 tax filing deadline has been extended to June 1, 2020, for individuals and certain trusts. The extension may give taxpayers more time to review their returns, carefully scanning for benefits and ensuring potential deductions are not missed.
While taxes tend to be more complicated for those who are self-employed like freelancers, or small business owners, tax relief may come in the form of business cost deductions. For those finding themselves working from home during the COVID-19 pandemic, similar deductions may be possible next tax season.
Here are six ways you may be able to save money on your taxes.
1. The Canada Employment Amount
The Canada employment amount — once known as the employment tax credit — is designed to help offset a small portion of work-related expenses incurred by employees. For example, home computers, uniforms and supplies may fall under this category. For the 2019 tax year, the amount is calculated as the lesser of $1,222 or the amount of income you made during the year…
