Ends soon: Scotiabank Gold American Express Card – Increased bonus of 45,000 points and first year free! + MORE Dec 17th
RWRDS Daily Update Dec 27: Wealthsimple Visa Infinite Card now features No FX Fees and no spending caps Dec 27th
What is an RDSP? + MORE Dec 9th
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This Week in RWRDS December 6, 2024: The best credit card welcome bonuses for December
– RewardsCanada.ca
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What’s included in Canada’s GST holiday—and how not to overspend
– moneysense.ca
For most low- and middle-income families, “getting any amount of discount is always a benefit,” said Jessica Morgan, founder of financial literacy site Canadian Budget.
But to take advantage of the tax break, “it really depends on what the purchase is for and when,” she said.
The tax break can mean savings in the short term, but the equation may change when you consider whether you can fit these purchases into your budget. Putting them on credit could mean racking up interest and adding to your debt.
“It’s a decision people will have to make depending on when they need to make those purchases, when they’re giving those gifts or if they’re hosting a dinner or they need to do their regular groceries,” Morgan said…