Apr 15 Update: Does the BMO World Elite cover award ticket taxes, Emirates July Miles Accelerator offers, Last day to enter FFB10! + MORE Apr 15th

If severely in debt and behind on payments, your credit score is already hurting. Entering into a debt management plan can only help by showing timely payments

Pay less taxes when selling investment real estate by keeping meticulous paper trails (jonathansloane/Getty Images)
There’s less than two weeks before the April 30 deadline to file your personal income tax and, if you sold an investment property in 2014, you’ll need to gather a bit more paperwork than the regular T-slips (such as your employer-issued T4, the investor-focused T3 and the interest and dividend showing T5 slips being the most common).
For instance, do you have a file with all your expense receipts for every year you owned the property before you sold it last year? If not, then you can kiss those deductions goodbye. That’s because the Canada Revenue Agency now has a zero-tolerance policy on undocumented expenses.
Don’t worry, you won’t need to send in all the receipts but you will need documentation to help you sort out your deductions when filing your return and you’ll need them to support your deductions should you get audited.
Also, contrary to popular belief banking records and credit card statements are not adequate forms of documenting expenses for your investment property…

Here is your mid week update! News, Tips & Tricks Reader question! Anshul posted this on our Facebook page: “Does BMO World Elite Mastercard cover award ticket (aeroplan) taxes?” And we had a simple answer. No it does not. However for a list of cards that do see this post. Beware however the post is a couple of years old so it is not fully up to date as there are now several other cards that can be used to pay Award ticket taxes but it gives you the general idea of the most popular cards that do.— Our Top 5 Travel Rewards Currencies got featured on CTV’s Canada AM this morning! See the video and story here. —If you are planning to fly Emirates this July check out the bonus offer section below for the latest Skywards Miles Accelerator offers. YYZ is included for first class and there are lots of flights out of Dubai that have bonuses as well if you are connecting. Posts since our last update! Earning Stories: 10,822 Gold Passport Points on a 5 Night Stay at the Hyatt Regency Mission Bay Picture of our view from the Hyatt Regency Mission Bay (http://www…

ATHENS, Greece – The Standard and Poor’s rating agency downgraded Greece’s credit grade further into junk status Wednesday, saying the country’s financial commitments would be unsustainable without “deep economic reform or further relief.”
The agency downgraded Greece to CCC+ from B-, with a negative outlook “given the risk of further worsening in liquidity for the sovereign, the banks, and the economy.”
Greece is in talks with its European creditor states to get the latest loan installment from its bailout program. But the creditors want to see a list of economic reforms first. The two sides are locked on what reforms are suitable.
Amid the uncertainty, investors are getting nervous and there are reports of savers withdrawing money from the banks. Greece’s stock market closed down 1.9 per cent on Wednesday.
S&P said Greece’s solvency hinges increasingly on business, financial, and economic conditions.
“In our view, these conditions have worsened due to the uncertainty stemming from the prolonged negotiations between the almost three-month-old Greek government and its official creditors…

Most Canadian workers start each year with the hope of improving their finances – and then the April tax deadline comes around, leaving them feeling that they’ve been falling behind in their planning and subsequently missing out on potential deductions.
But, while they clearly don’t have as many options as those who are self-employed, employees can get a bit of tax relief for some of their unreimbursed business costs. It is, however, a lot more difficult to find items to work with.
Here’s what to look for.
Be Sure to Claim the Employment Tax Credit
It costs some people a fortune just getting to work. The employment tax credit is designed to help offset small portion of the work-related expenses incurred by employees. For 2014, the amount is calculated as the lesser of $1,127 and the amount of money you made during the year.
Oddly enough, you don’t have to actually incur expenses in order to claim this credit. And no receipts are required, assuming you’re actually out of pocket…