All about Canadian credit cards. Learn the ins and outs and get the latest news.
Latest News
How to Stop Spending Money: 10 Ways to Resist Overspending + MORE Apr 24th
During the past year, record-high inflation has forced Canadians to examine their budgets more closely. While we’ve seen an increase in the prices of the products and services we use daily, many consumers have realized they were spending too much on non-essentials.
While certain economic facto.... More »
RWRDS Daily Update – February 14 + MORE Feb 15th
The Ultimate Guide to Credit Card & Loyalty Programs for the All Inclusive Vacationer and a new offer for the National Bank Platinum Mastercard. Check out today's points and miles updates here:
The post RWRDS Daily Update – February 14 appeared first on Rewards Canada..... More »
Earn up to a $250 Mastercard Gift Card for a two night stay in Vancouver Jan 6th
StayVancouverHotels has brought back their popular gift card offer for the next four months. Just like the offer for fall 2022 this one also requires a 2 night stay with a gift card being awarded for each night. The offer is available at 42 different hotels in the downtown Vancouver area. The tota.... More »
RWRDS Daily Update – February 29, 2024 + MORE Mar 1st
New RBC Offers credit for fresh kitchen + juice bar and ANA Mileage Club premium cabin flight awards devaluation coming in April. Check out today's points & miles updates here:
The post RWRDS Daily Update – February 29, 2024 appeared first on Rewards Canada..... More »
Benefits, fees, hidden perks: Choosing the right credit card for your lifestyle + MORE Mar 6th
Critical to building a credit history, credit cards are a rite of passage into financial adulthood.
Even if you’re debt-phobic or have heard too many horror stories of people maxing out their cards, you can’t skip this step.
Cindy Marques, certified financial planner and director at Open A.... More »
Principal residence exemption: Would a senior get a tax credit for selling their house if they move out?
– moneysense.ca
Does the fact that a senior citizen moves out of her home and rents a unit in a nearby senior’s building impact her principal residence exemption when she sells the home, given that she no longer is “residing” in it?
— David
The principal residence exemption allows a homeowner to sell their home and receive the proceeds tax-free. A home can include a house, an apartment, a cottage, a mobile home, a trailer or even a houseboat.
Principal residence exemption, according to the CRA
There are a few important criteria from the Canada Revenue Agency (CRA) to claim the principal residence exemption, David. One is that the taxpayer must ordinarily inhabit the home for each year that the exemption is claimed. That does not necessarily mean that they need to live in the home at the time of the sale. This is a common misconception. I have even come across people who mistakenly think that moving into a rental property and living there for a year before they sell it makes the proceeds tax-free…
January 5 Update: Correction to the card that has the best earn rate at gas stations and shop online today with Shoppers to earn 50,000 bonus PC Optimum points
– RewardsCanada.ca
Here’s your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. Have to correct something that I have been wrong about for the past year and a couple of months. Late in 2020 when BMO revealed their new BMO Eclipse Visa Infinite and Infinite Privilege cards I stated that these card’s 5x points earn rate on gas and transit purchases (which equate to a 3.33% return for travel redemptions) are the best in Canada. That holds true for transit but not gas and that’s where I was wrong. As I seem to mention often, there is one card in Canada that tends to be forgotten and that card is the Scotiabank Platinum American Express Card. The Scotiabank Platinum Amex is in fact the card that is best in Canada for gas station purchases. It earns 4 points per dollar which equates to a 4% return when redeeming for any travel via any provider. I apologize for missing that so long ago and not catching it sooner…
Biggest ever bonus offers revealed for the BMO Rewards World Elite Mastercard, BMO eclipse Visa Infinite & BMO eclipse Visa Infinite Privilege cards
– RewardsCanada.ca
The current era of card issuers topping their best ever welcome bonus offers with even better offers continues today with BMO revealing new best ever promotions for their BMO World Elite™* Mastercard®*, BMO eclipse Visa Infinite* Card and the BMO eclipse Visa Infinite Privilege* Card. The two premium cards see welcome offers of up to 60,000 bonus points and the first year annual fee waived while the ultra premium Infinite Privilege card sees an offer of up to 90,000 points. The offers for the World Elite Mastercard and Visa Infinite Card definitely stand out as the most attractive offers here. Both will reward you with 30,000 points when you spend $3,000 in the first 3 months and 2,500 points for each subsequent month for 12 months (months 4 to 15) when you spend at least $2,000 in purchases on your card per month. This means you need to spend $27,000 over the course of 15 months to receive the full bonus. Good news is both of these cards have first year free waivers for the primary and first additional card but you will be paying those in month 13 as you make your way to trying to score the entire bonus…
