The “Big Five” Canadian banks offer credit cards and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Did you know that there are many other options?
Latest News
FINAL CALL: Up to 50,000 Aeroplan points and first year free with the TD® Aeroplan® Visa Infinite* Card + MORE Dec 27th
This is a final boarding call to apply for the TD® Aeroplan® Visa Infinite* Card with its welcome bonus offer that provides up to 50,000 Aeroplan Points and no annual fee in the first year. This offer is not being extended in the New Year. The TD Aeroplan Visa Infinite Card is ranked as the [.... More »
Rome mayor cleared in expense account scandal that cost job + MORE Oct 7th
ROME – A court has cleared the ex-mayor of Rome in an expense account scandal that cost him his job and plunged the already troubled city administration into a year of chaos.
A defiant Ignazio Marion emerged from the courthouse Friday denouncing the political elites of his own Democratic Party.... More »
AIR MILES Shops Boxing Week deal - Earn 10x miles site wide for your online shopping + MORE Dec 27th
If you haven't had enough of online shopping just yet then this week is another good one to get some done and rack up some bonus miles. AIR MILES is offering 10x miles site wide on AIR MILES Shops purchases made by December 31. As long as your purchase meets the minimum requirement for .... More »
RWRDS Daily Update June 3: Opt in for your monthly bonus offers from AIR MILES + MORE Jun 4th
Opt in for your monthly bonus offers from AIR MILES and Earn 1,000 bonus Stash Rewards points on stays booked this month. Check out today's points & miles updates here:
The post RWRDS Daily Update June 3: Opt in for your monthly bonus offers from AIR MILES appeared first on Rewards Canada..... More »
RWRDS Daily Update – January 31, 2024 Jan 31st
Clash of the Credit Cards! BMO eclipse rise Visa Card vs Tangerine Money-Back Credit Card, No Canadian Flying Blue Promo Rewards for February and earn 1,000 Etihad Guest Miles + World of Hyatt points on Hyatt stays. Check out today's points & miles updates here:
The post RWRDS Daily Update – .... More »
CMHC Axes Second Home and Self Employed Mortgages
– ratesupermarket.ca
Late last Friday, April 25, the Canadian Mortgage and Housing Corporation rolled out the latest changes to impact home buyers – the discontinuation of Second Home and Self-Employed Without Third Party Validation mortgage insurance products. These insurance types will no longer be available to mortgage buyers as of May 30, though applications made before that cutoff will be accepted regardless of closing date.
Who is Affected?
While the CMCH states that these products account for only 3 per cent of its insured mortgage business, self-employed buyers and those looking to buy or co-sign on a second home will feel the squeeze.
If You Are Self Employed: Those who work for themselves have additional hoops to jump through when securing mortgage financing. They must present proof of their working situation, past income, and projected earnings to confirm their status as a qualified borrower, traditionally with the following documents:
- Notice of tax assessment
- Audited documentation proving income and business details, or
- Unaudited documentation prepped and validated by a third party
CMHC’s product allowed self-employed buyers to bypass this validation step if they had a credit score higher than 650, and made a minimum 10 per cent down payment…
Transfer points to Aeroplan to earn up to 25,000 Bonus Aeroplan Miles
– RewardsCanada.ca
Aeroplan has once again brought back their partner transfer bonus that we saw in November 2013 April 2013, November 2012 and so on. Basically what it entails is transferring points out of other select loyalty programs into your Aeroplan account. Just like in November, the offer is once again cumulative across all participating partners and the bonus maxes out at 25,000 miles again. (We haven’t seen the 40,000 miles bonus since April of last year so it looks like it may have gone the way of the dodo bird…) and there are no financial partners involved this time as well, for Canadians that is, Americans get Diners Club Club Rewards in that category. Basically you can transfer from partners like Starwood, Hertz and more (see the last graphic) and as long as the total Aeroplan miles deposited from all of them reaches one of the bonus target levels you will be awarded the respective bonus miles. And just like the last two versions of this offer, American Express Membership Rewards is unfortunately not included…
