Using the Scotiabank Gold American Express card to redeem for any travel - whale watches included! + MORE Apr 16th
April 24 Update: Resources for gaining Elite Status faster, WestJet 20% off promo code to select destinations and more! + MORE Apr 25th
April 10 Update: More confirmed American Express Multiplier locations, Amtrak Guest Rewards changes inactivity policy without notice & more! + MORE Apr 11th
The federal government’s Carbon Tax officially came into effect on April 1, increasing the costs of gasoline and fossil fuel consumption.
The tax was introduced in an attempt to encourage Canadians to use more environmentally-friendly and energy-efficient processes, though subsequently, a tax credit was also implemented as a way to offset these increased fuel costs.
The Climate Action Incentive (CAI) only applies to residents of Manitoba, New Brunswick, Ontario and Saskatchewan, since other provinces have already developed a carbon pricing program.
The amount received from the rebate is based on the province in which the claimant lives, as well as the size of his or her family.
The rebate can also only be claimed by one person per household on 2018 income tax returns, meaning you can receive savings even though the Carbon Tax was only introduced this year.
In Ontario, for example, a single person will reportedly receive $154, and a family of four could be eligible for $307. In other provinces,
A single person can receive:
New Brunswick: $128
A family of four can receive:
New Brunswick: $256
Even if your income falls below the taxable amount, those who file a nil tax return will still receive some CAI…
With a mandate of supporting Canadian small business, while also providing fixed income investors with an alternative to the GIC products offered by banks and credit unions, Lending Loop has established itself as Canada’s premier peer-to-peer lending platform. There are other competitors, but they deal exclusively with large, institutional investors.
In this article, I’ll show you how to use Lending Loop as an investment platform, by pooling your funds with thousands of other lenders, with the potential of earning attractive rates of interest on your money. The best part is that you can get started with as little as $200, and signup is completely free.
I’ve invested a small amount of test money with Lending Loop and really like it…
American Express Cobalt Card to have 5x points on Eats & Drinks capped at $30,000 per year starting this August
Banks offer a variety of products to give you access to cash. But is every borrowing option the same? If you’re weighing the alternatives, you may struggle with the choice between a loan and line of credit. Only you can decide what’s best for you, but there are some factors to consider. Those include your personal spending habits and your plans for the extra source of funding.
What’s the Difference?
Once you’re approved for a line of credit, you don’t have to use it right away. The credit line is available for you to draw from as you need, but you’ll have to make regular payments on any balance. It’s considered a revolving form of credit, where you get the available credit back after you’ve made the agreed upon payments. Some lines of credit only require that you pay the interest on any outstanding balance.
A loan typically comes as cash in one lump sum. You pay it off in fixed installments. Once it’s paid off, it’s paid off…