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?
Latest News
American Express Cobalt Card: 31 new confirmed multiplier locations + MORE Mar 13th
Here’s our next update to our American Express Cobalt Card Confirmed Multiplier Locations list with 31 new locations being added today from across Canada. We have now surpassed 2,000 entries for locations in Canada! A big thank you to the RWRDS Canada community for providing details on thou.... More »
RWRDS Daily Update Feb 18: AIR MILES Flash Offer to earn 100 bonus miles at Global Pet Foods Feb 18th
AIR MILES Flash Offer to earn 100 bonus miles at Global Pet Foods and earn 600 bonus Stars for linking Starbucks Rewards to your TD Credit Card. Check out today's points & miles updates here:
The post RWRDS Daily Update Feb 18: AIR MILES Flash Offer to earn 100 bonus miles at Global Pet Foods a.... More »
The best credits cards in Canada for 2025 + MORE Jan 4th
RWRDS Canada is pleased to reveal our annual top travel rewards and cash back credit card rankings for 2025! Canada’s longest running credit card rankings have entered their 17th year with newly crowned champions in the No Foreign Transaction Fee Credit Card and Small Business Travel Rewards Credi.... More »
The best Visa credit cards in Canada for July 2023 + MORE Jul 5th
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The best credit cards for gas purchases in Canada for July 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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Scientists discover 'new type' of killer whale with some strange hunting habits - MSN + MORE Mar 18th
Scientists discover 'new type' of killer whale with some strange hunting habits MSNShark-bitten orcas in the Northeastern Pacific could be a new population of killer whale Phys.orgUBC researchers discover possible new pod of orcas seen hunting sperm whales Nanaimo Ne.... More »
January 26 Update: Redeem Amex Membership Rewards points for education via HigherEdPoints, AIR MILES Bonus Boom returns February 4 and more!
– RewardsCanada.ca
Here’s your Rewards Canada Daily update! Your daily dose (or near daily dose) of loyalty program, credit card and travel news, bonuses, deals and more. This update is brought to you by the HSBC +Rewards Mastercard which is currently offering a welcome bonus of up to 30,000 bonus points, no annual fee in the first year and a low 11.9% interest rate! Great news from our friends at HigherEdPoints as they have brought back another big loyalty partner to their ranks that you can redeem points for education! You can now once again redeem American Express Membership Rewards points for a HigherEdPoints certificate. This means you can use your Membership Rewards points (all types Select, First etc.) to help pay for tuition and/or student loans. The redemption rate is 32,500 Membership Rewards points for $250. This works out to almost 0.77 cents per point which puts the redemption value about 10% higher than the Use Points for Purchases option (essentially cash back)…The great escape
– moneysense.ca
You’ve probably thought about the best way to get money into your RRSP, but have you thought about the best way to get your money out? If you haven’t pondered this issue, you should. Otherwise, you could run headfirst into a nasty tax bill.
The people who get swiped the hardest are diligent savers. They’re so successful at preparing for retirement that they don’t need to tap their RRSPs the moment they hit 65. They just let their money sit there. Then they’re surprised to discover that when you turn 71, the government forces you to start withdrawing money from your RRSP, whether you want to or not.
What really stings is that you have to pay taxes on the money you withdraw. If you have a seven-figure RRSP, or if your total income is high because of other investments, you could lose more than 40% of your hard-earned RRSP savings to the taxman. Nothing incenses a 71-year-old more.
The good news is that you can avoid this problem by implementing an RRSP “meltdown strategy” long before you hit your 70s…
The people who get swiped the hardest are diligent savers. They’re so successful at preparing for retirement that they don’t need to tap their RRSPs the moment they hit 65. They just let their money sit there. Then they’re surprised to discover that when you turn 71, the government forces you to start withdrawing money from your RRSP, whether you want to or not.
What really stings is that you have to pay taxes on the money you withdraw. If you have a seven-figure RRSP, or if your total income is high because of other investments, you could lose more than 40% of your hard-earned RRSP savings to the taxman. Nothing incenses a 71-year-old more.
The good news is that you can avoid this problem by implementing an RRSP “meltdown strategy” long before you hit your 70s…
