Book Review: Travel Hacking for Canadians by Stephen Zussino + MORE Oct 10th

(Shutterstock)
The Prime Minister traveled to Whitby, Ont. on Thursday afternoon to announce some changes to the Children’s Fitness Tax Credit. We have a lot of research on this tax credit, so I have put together here a quick summary to provide some background to the debate.
Currently, the Children’s Fitness Tax Credit (CFTC) allows a credit of up to $500 for spending on children’s sporting activities. Credits are multiplied by 15 per cent to figure out the cash equivalent, so this “$500″ credit only means a maximum of $75 per child in the parents’ pockets. This is a ‘nonrefundable’ tax credit, meaning that you only get the credit if you owe any income tax. About one third of taxfilers have ‘nontaxable’ returns, meaning they already have more credits and deductions than they need to entirely cover their income and owe no tax. More information on the CFTC from the Canada Revenue Agency is here. The analysis of the cost of the tax credit from Finance Canada is here, suggesting it costs around $115 million a year…

Authorized users can greatly benefit from being tagged in an account with a good credit score. But they can also be hurt if the account is not so great

Are you fed up with paying more for less when it comes to travelling? You’re not alone; while the cost of airline tickets continues to rise, customers are losing the perks that were once commonplace. Air travel today means being packed like sardines into airplanes with not enough legroom. You don’t even get a free bag of peanuts anymore! To top it all off, customers are being hit with a slew of new fees – just last month Air Canada and WestJet announced plans to introduce a new $25 for the first checked bag.
What is Travel Hacking?
If you’re unfamiliar with the term “travel hacking”, the concept is simple: it’s about bringing the cost of travel as close to zero as possible. Travel hacking is about fighting back against big airlines who keep introducing new fees, which make air travel unaffordable for the average family. Being a travel hacker means constantly chasing miles, reward points and elite status. Through everyday purchases on your credit card, you can redeem your travel reward points towards free flights and hotels…

(Shutterstock)
The Prime Minister traveled to Whitby, Ont. on Thursday afternoon to announce some changes to the Children’s Fitness Tax Credit. We have a lot of research on this tax credit, so I have put together here a quick summary to provide some background to the debate.
Currently, the Children’s Fitness Tax Credit (CFTC) allows a credit of up to $500 for spending on children’s sporting activities. Credits are multiplied by 15 per cent to figure out the cash equivalent, so this “$500″ credit only means a maximum of $75 per child in the parents’ pockets. This is a ‘nonrefundable’ tax credit, meaning that you only get the credit if you owe any income tax. About one third of taxfilers have ‘nontaxable’ returns, meaning they already have more credits and deductions than they need to entirely cover their income and owe no tax. More information on the CFTC from the Canada Revenue Agency is here. The analysis of the cost of the tax credit from Finance Canada is here, suggesting it costs around $115 million a year…

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