There are more credit card options in Canada than you can shake a stick at! Stay on top of the best rates and plans right here.
Latest News
Credit cards that help you avoid those dreaded airline fees - Updated for 2022 + MORE Jan 29th
The next long running Rewards Canada feature to get its yearly update and also be moved to the new format on our site is article on Credit cards that help you avoid those dreaded airline fees. There weren't a ton of changes to this 8+ year old feature which looks at all the ways Canadians ca.... More »
Air Canada / Aeroplan: Triple Miles for Accor stays Worldwide + a chance to win 80,000 miles + MORE Feb 18th
Just like the Iberia, British Airways, Singapore Airlines, Turkish Airlines and airberlin Accor stay offers that have been posted to the Rewards Canada bonus offer pages, there is now one for Aeroplan that offers up Triple miles for all stays and a chance to win 80,000 more Aeroplan Miles!Offer D.... More »
More than a dozen federal departments flunked a credit card security test Oct 7th
There are 34 federal departments and agencies that allow citizens and others to pay for services with credit and debit cards. An internal briefing note, obtained by CBC News, shows that half of those institutions have flunked a global test designed to help ensure that personal inform.... More »
B.C. telescope finds 25 repeating cosmic radio signals - Coast Reporter + MORE Apr 27th
B.C. telescope finds 25 repeating cosmic radio signals Coast ReporterAstronomers double the number of repeating cosmic probes Phys.orgAre aliens trying to contact us? Astronomers detect 25 radio bursts Daily MailAstronomers discover record haul of 25 new repeating 'f.... More »
Starwood Preferred Guest: Receive a 35% discount when you buy or gift Starpoints (until Dec 29, 17) + MORE Nov 4th
Last seen in the summer the great buy Starpoints offer of a 35% discount on the cost of the points has returned. Your yearly limit remains at 30,000 Starpoints so if you haven't bought any yet this year this could be the time to do. This offer brings the price down to US 2.28 cents each or just a.... More »
Using a TFSA to finance a rental property
– moneysense.ca
Q: My husband and I are both 60 years old and working full time. We’ve just made an offer to purchase a cottage for $75,000. The cottage needs extensive renovations. We are thinking it’ll be a two-year project, costing us about $50,000. Once it’s done, we plan to rent it out for 15-20 weeks per year. The going rate in the area is $1,000 per week.We have $30,000 cash and could cash in TFSAs to make up the $75,000. We are thinking about working slowly on the renovations using our homeowner’s line of credit and when it gets to a certain point we could transfer that to a mortgage.
Or should we use our $30,000 cash as a down payment, get a mortgage right away for $45,000 and use a combination of TFSAs and line of credit for renovations?
We already max out our RRSPs each year. And we plan to continue our TFSA contributions.
—Debra
A: Debt repayment versus investing is an age-old financial planning conundrum, Debra. Given the price of real estate, investors generally incur debt in order to invest in a rental property…
February 9 Update: New Credit Card page along with 23 new bonus offers
– RewardsCanada.ca
Only update for the next two weeks! News, Tips & Tricks This will be our only daily update for this week and next as the Rewards Canada family is off to enjoy some sun, sand and more. Yes the flights were totally free. Aeroplan mile redemption for four plus taxes and fees paid for with TripFlex from American Express Membership Rewards.We updated our general credit card page on Rewards Canada. We’ve kept the breakdown by category of card but now we provide full descriptions with the cards rather than just list the sign up bonus. You can find the page here and over the next month or so it will be populated with many more cards!Simply navigate to the page here and then click “show all” to see the cards for that category. Posts since our last update:Miles & More Award Ticket Sale – Save up to 50% on award tickets to Europe from Montreal and Toronto As we do each month we bring you the latest set Miles & More “Meilenschnaeppchen” discounted mileage awards! This… Bonus Offers American AAdvantage- 4,000 Bonus AAdvantage Miles for AA Elite members on your first Rocketmiles booking More…Tax refund: Using it to pay off credit card debt
– creditcards.com
Five questions to help you decide where to apply that refund
