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Salty groundwater system found under ice sheet in Antarctica, implicating sea level rise - ThePrint + MORE May 7th
Salty groundwater system found under ice sheet in Antarctica, implicating sea level rise ThePrintScientists discover a vast, salty groundwater system under the Antarctica ice sheet Phys.orgVast Saline Groundwater System Discovered Deep Under Antarctic Ice Sci-News.co.... More »
AIR MILES Shops: Earn 3x miles sitewide for your online shopping Feb 4th
AIR MILES has a Valentine’s Day offer for shopping online via AIR MILES Shops. This promotion is available until February 12 and offers 3x miles sitewide on eligible purchases. An eligible purchase is one that will earn at least one base AIR MILES Reward Mile. Most partners will require at lea.... More »
The best GIC rates in Canada for 2026 May 26th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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February 3 Update: Earn 2x elite qualifying points on your IHG stays, Flair Airlines 50% off to the U.S. & Mexico flash sale and Avianca Latin America seat sale + MORE Feb 3rd
Here's your Rewards Canada Daily update! Your bear daily dose of loyalty program, credit card and travel news, bonuses, deals and more. This update is brought to you by the HSBC World Elite Mastercard which is currently offering a welcome bonus of up to 100,000 bonus points worth $500, ha.... More »
Earn 100,000 points with The Platinum Card from American Express Apr 20th
The Platinum Card® from American Express’ is currently available with a welcome of up to 100,000 points for new customers. This card is Canada’s #1 Ultra Premium Credit Card and has the best airport lounge access out of any credit in Canada. The up 100,000 points welcome bonus offer: Ri.... 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…
