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Latest News
Receive a $100 Statement Credit when you spend $100 or more with Air Canada on your TD Aeroplan Visa Infinite card + MORE Jan 15th
There is obviously a big push from TD happening right now to get more people to jump on their TD Aeroplan Visa Infinite card and as a consumer why wouldn't you?!? Right now it is being offered with its first year free so you have time to decide if you like the card and want to keep along with a sign.... More »
Which credit card earns the most Aeroplan Points? Version 2.1 (Updated) Aug 30th
There's a new card that has championed its way to being the one that earns the most Aeroplan points in Canada! Before we let you know which card it is let's step back into time - way back in 2012 we published a feature and infographic that compared how various credit and charge cards in Canad.... More »
Earn up to 20,000 bonus Aeroplan Points on Air Canada Vacations packages + MORE Sep 11th
Just in time for booking those winter getaways, Air Canada Vacations have increased their Aeroplan bonus points offer for booking select packages around the world to up to 20,000 points! First launched in October 2023, these bonuses were set to expire at the end of September 2024 then were extended .... More »
How is passive income taxed in Canada? + MORE Nov 8th
Passive income generally includes interest, dividends, rental income and capital gains. These income sources may be subject to different tax rates depending on your income level, province or territory of residence, and how the assets are held.
Income in non-registered accounts
Investment incom.... More »
Wal-Mart set to begin Visa ban today at stores in Thunder Bay + MORE Jul 18th
After months of negotiations, retail giant is eliminating Visa as a payment option at three Thunder Bay stores; vows to extend ban to its 400 locations in Canada.
.... More »
Canadian Debt Levels Are Higher Than Ever… But We’re Not Worried
– ratesupermarket.ca
When it comes to financial goals, debt repayment is the top New Year’s Resolution for many Canadians. In a blog post I wrote just last month, I discussed how Ontarians are choosing debt over retirement savings. Despite the fact that we’re finally starting to listen to the Bank of Canada’s message that interest rates aren’t going to be low forever, Canadians keep piling on debt. Even if you want to repay your debt, it could take some people a few years or longer to get their debt fully paid off.
Consumer Debt Continues to Rise
The facts don’t lie – Canadians love spending. The household debt-to-income ratio hit a new high in the third quarter of 2013, reaching 163.7 per cent. Although it’s not the best measure of consumer debt, it shows that Canadians continue to take on debt, despite the warning bells.
A recent survey from Equifax paints an even bleaker picture. Consumer debt, including mortgages, in Canada totaled $1.422 trillion in the fourth quarter of 2013, according to credit rating service…
