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?
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Making the most of the pension tax credit Nov 28th
Ask MoneySense
I liked your coverage of RRIF taxation. I would like to see more information on LIF taxation. More precisely, on the following scenario: Individuals do not get the $2,000 tax credit for RRIF withdrawals before age 65. Did I read properly that for LIF withdrawals the $2,000 tax cr.... More »
This Week in RWRDS: June 1 – 7, 2024 + MORE Jun 8th
This week we look at the return of the Amex Shop Small promotion for summer 2024, delve into the issue of PC Optimum accounts being frozen and more in our weekly credit card and loyalty rewards newscast! Watch This Week in RWRDS here: Listen to This Week in RWRDS here: Topics of discussion American .... More »
RWRDS Daily Update – January 31 Feb 1st
The Ultimate Air France KLM Flying Blue Credit Card Portfolio & final day for increased offers on the Scotia Platinum Amex & Tangerine credit cards. Check out today's points and miles updates here:
The post RWRDS Daily Update – January 31 appeared first on Rewards Canada..... More »
The best GIC rates in Canada for 2025 + MORE Jun 23rd
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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Another big batch of new RBC Offers - From Clinique to Pet Value to Sporting Life & more! + MORE Dec 4th
Wow we see another round of new RBC offers and there are a bunch of them this time! m Be sure to login to your RBC account right away to load these offers (if required) or get the promo codes if required. The new offers are as follows:Sporting lifeGet a $50 statement credit when you spend a minimu.... More »
How do credit card payment deferrals work during COVID-19?
– moneysense.ca
If you’re dreading your credit card bill, you’re not alone. According to the Bank of Canada, 30% of us carry a balance from month to month, accruing interest, on average, at an eye-watering 19.99%. Simply put, we’re in the red, with an average of $23,800 per Canadian owing on credit cards, lines of credit, loans and other non-mortgage debt, according to Equifax Canada.
Those stats are from the end of 2019. Since the COVID-19 pandemic took effect, Statistics Canada reports that more than one million Canadians lost their job in March, taking the unemployment rate from historic lows to 7.8%. The job loss is a decline not seen since the 1980s.
What does that mean to our day-to-day financial lives? One in three (34%) Canadians are worried that they may miss rent or a mortgage payment or have to borrow money, according to an Angus Reid survey, released March 25. In addition, the survey found that 37% of households who have experienced job loss say that they aren’t equipped to handle an extra $100 expense in the next 30 days…
Those stats are from the end of 2019. Since the COVID-19 pandemic took effect, Statistics Canada reports that more than one million Canadians lost their job in March, taking the unemployment rate from historic lows to 7.8%. The job loss is a decline not seen since the 1980s.
What does that mean to our day-to-day financial lives? One in three (34%) Canadians are worried that they may miss rent or a mortgage payment or have to borrow money, according to an Angus Reid survey, released March 25. In addition, the survey found that 37% of households who have experienced job loss say that they aren’t equipped to handle an extra $100 expense in the next 30 days…
AIR MILES extends Gold and Onyx elite status to 2021 and further extends travel change fee waiver
– RewardsCanada.ca
Over the past few weeks we have been passing along the news of many airline and hotel loyalty programs extending the elite status for their members and now AIR MILES has followed suit. The program reached out to us today to pass along the news that Gold and Onyx elite status members will have their status extended to the end of 2021. AIR MILES has also extended the period of their travel change fee waiver to the end of May.Here are the details that AIR MILES provided to us:AIR MILES GOLD® and Onyx® Status Extension For Collectors who achieved AIR MILES GOLD® or Onyx® Collector status in 2019, their status has been automatically extended for an entire year – until December 31, 2021. Given the current circumstances, AIR MILES understands that it may be hard to re-qualify for status in 2020 and wanted to provide our Collectors with the assurance that your status and benefits are secure.Travel change fee extensionAdditionally, AIR MILES is extending its one-time waiver of all AIR MILES change fees until May 31, 2020 for all bookings with travel dates between March 13, 2020 and May 31, 2020…
