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Rebuilt credit, sleep better Jan 15th
Barely making it? Seek financial help.... More »
Earn 15% cash back for the first 2 months with the Tangerine Mastercards Jan 1st
The 15% cash back welcome offers on the Tangerine Money-Back Credit Card and the Tangerine World Mastercard have been extended. Now you have until January 31, 2023 to apply for either of these Tangerine cards to earn 15% cash back on all purchases in the first 2 months. The 15% is capped on $1,000 o.... More »
Open a savings account for your toddler + MORE Mar 16th
OTTAWA — Omar Abouzaher remembers going to the bank with his daughter so she could make her first deposit into an account that was opened for her when she was just a toddler.
The regional vice-president for the Bank of Montreal’s daughter was four when they took her piggy bank to deposit the.... More »
RWRDS Daily Update – February 25 Feb 27th
We review the Air France KLM World Elite Mastercard and Porter Airlines to partner in development of a new terminal at Montreal Saint-Hubert plus 23 new Cobalt Card confirmed locations. Check out today's points & miles updates here:
The post RWRDS Daily Update – February 25 appeared first on .... More »
Get the American Express Cobalt Card right away to lock in a lower monthly fee for 12 months + MORE Jul 13th
We know that American Express will be updating the Cobalt Card as of August 16, 2021. On that date the card will get an increased earn rate of 3x points for select streaming services like Netflix and Spotify. It will also get Mobile Device insurance added to insurance suite of benefits. The bi.... More »
Still time to cut 2013 tax liability
– moneysense.ca
It’s high time to plan to reduce your taxes for 2013. By filing prior years’ returns or adjusting previous errors, you can recover “tax gold” before year end, spend to maximize tax reducers and set up tax-efficient wealth management for 2014.
Recover gold. Missed a big deduction? CRA lets you recover refunds on prior filed returns over a maximum 10 years. Adjustments to 2003 tax returns can still be made until Dec. 31, 2013. Be sure to claim capital losses, safety deposit box charges, disability, medical and other tax credits, and file missed returns to create RRSP contribution room.
Give generously. The new First-Time Donor’s Super Credit, available between 2013 and 2017, is for cash rather than in-kind donations, as long as you or your spouse have not donated in the prior five years. The regular calculations change from 15% to 40% on the first $200 and from 29% to 54% for those over $200 but not over $1000.
Consider giving $1,000 in cash, perhaps by generating losses in non-registered portfolios…
Recover gold. Missed a big deduction? CRA lets you recover refunds on prior filed returns over a maximum 10 years. Adjustments to 2003 tax returns can still be made until Dec. 31, 2013. Be sure to claim capital losses, safety deposit box charges, disability, medical and other tax credits, and file missed returns to create RRSP contribution room.
Give generously. The new First-Time Donor’s Super Credit, available between 2013 and 2017, is for cash rather than in-kind donations, as long as you or your spouse have not donated in the prior five years. The regular calculations change from 15% to 40% on the first $200 and from 29% to 54% for those over $200 but not over $1000.
Consider giving $1,000 in cash, perhaps by generating losses in non-registered portfolios…
GE plans to spin off credit card unit in IPO
– theglobeandmail.com
Initial public offering, announced on Friday, should help reduce GE’s so-called “bank discount” on Wall Street
Western Canada has more debt, and that’s good
– moneysense.ca
Higher average consumer debt levels in the West can be explained by greater optimism that encourages more spending. “Households with relatively high incomes, couples with children, and people living in growing regions tend to cause overall debt levels to rise,” says Roger Sauvé, a demographer at People Patterns Consulting. “All these factors are clearly more evident in most of the West.” Economic performance in central Canada, Sauvé adds, has been flatter.
Source: Canadian Consumer Credit Trends Q2 2013, Equifax
The post Western Canada has more debt, and that’s good appeared first on MoneySense.
