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Best no-fee credit cards in Canada for 2023
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Canada’s best no-fee credit cards 2023
By Sandra MacGregor on January 17, 2023Estimated Reading Time: 19 minutes
Some of the best things in life are free—so why should you expect any different from your credit card? Canada has an impressive array of no-fee credit cards that don’t charge cardholders an annual fee, while still delivering respectable rewards like cash back and travel points. Many of these no-fee cards also boast attractive extras like solid welcome bonuses, no foreign transaction fees and useful travel insurance. Those who don’t always pay off their balance in full every month will be happy that a few of these cards even feature a standard low interest rate or an attractive balance transfer promo…
Tax implications of working in another country
Congratulations, Eddy. That sounds exciting but obviously challenging to leave your family behind in Canada while you are working half a world away.
Canada levies federal and provincial income tax based on residency, not citizenship. So, while residing in Canada, both citizens and non-citizens alike have to report and pay tax on their worldwide income. When income is subject to tax in another country as well, Canada generally allows a foreign tax credit to be claimed to avoid double taxation…