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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How to set up CRA direct deposit + MORE May 16th
Have you ever had to wait for a held-up payment from the government or the Canada Revenue Agency (CRA)? Labour strikes, severe weather, stat holidays and other factors can delay mail delivery by days or even weeks. At best, it’s inconvenient; at worst, it’s stressful for cash-strapped Canadians .... More »
The best credit cards for airport lounge access in Canada for 2025 Oct 29th
Airport lounge access is more than a nice perk. On a long day of travel, an airport lounge can be an oasis of calm amidst the chaos: a comfortable, secure spot to rest, refuel, or catch up on some work before your next flight. Most airport lounges require membership (and entry fees), but the be.... More »
RWRDS Daily Update July 22: New Amex Offers for Lenovo & Small Grocery Stores in Ontario plus Marriott Bonvoy Moments launches a dedicated French-language page + MORE Jul 23rd
New Amex Offers for Lenovo & Small Grocery Stores in Ontario, Marriott Bonvoy Moments launches a dedicated French-language page and Catch up on This Week in RWRDS. Check out today's points & miles updates here:
The post RWRDS Daily Update July 22: New Amex Offers for Lenovo & Small Gr.... More »
When is open banking coming to Canada? Ottawa says “at the earliest opportunity” Jun 19th
The federal government says it will introduce legislation to implement open banking at its “earliest opportunity” as some advocates warn the project’s momentum may have stalled.
Open banking or consumer-driven banking, as Ottawa calls it, is about allowing Canadians and businesses to secure.... More »
This Week in RWRDS August 8, 2025: Big Changes Coming to Air Canada Aeroplan + MORE Aug 9th
This week we look at the big changes coming to Air Canada Aeroplan, the option to use a credit card to get SkyTeam Elite status, the best credit card welcome bonuses for August and much more in our weekly credit card and loyalty rewards newscast! Watch This Week in RWRDS here: Listen to This Week [&.... More »
RWRDS Daily Update Jan 13: Clarification on Scotiabank credit cards marketed with up to 4x points on Scene+ Travel purchases
– RewardsCanada.ca
Clarification on Scotiabank credit cards marketed with up to 4x points on Scene+ Travel purchases, AIR MILES Card Linked Flash Offer for Best Buy and Catch up on the RWRDS Canada Podcast. Check out today’s points & miles updates here:
The post RWRDS Daily Update Jan 13: Clarification on Scotiabank credit cards marketed with up to 4x points on Scene+ Travel purchases appeared first on Rewards Canada.
The post RWRDS Daily Update Jan 13: Clarification on Scotiabank credit cards marketed with up to 4x points on Scene+ Travel purchases appeared first on Rewards Canada.
How is a non-registered account taxed upon death?
– moneysense.ca
Ask MoneySense
With so much information out there about estate planning with RRSPs and TFSAs, the one thing l find hard to find answers to are [questions] related to investments in a non-registered account in a brokerage. I am trying to draw down my RRSPs and RRIFs in a tax-efficient manner so that there isn’t a large amount of future tax payable on the last surviving spouse.
With so much information out there about estate planning with RRSPs and TFSAs, the one thing l find hard to find answers to are [questions] related to investments in a non-registered account in a brokerage. I am trying to draw down my RRSPs and RRIFs in a tax-efficient manner so that there isn’t a large amount of future tax payable on the last surviving spouse.
It’s my understanding that you cannot name a beneficiary to your non-registered account at a brokerage and that it will have to go through probate and the estate. Am l better off not having such a large amount in a non-registered account at a brokerage? I currently have a total of $450,000 in there. Should l have it in GICs at a bank or credit union and name a beneficiary for them? Should l slowly sell off my stocks to avoid a large tax bill down the road or in the event that l pass away?
—Joe
During their working years, savers tend to focus on tax deferral, especially using registered retirement savings plans (RRSPs)…
