How to go about securing the best rate and plan for your credit card in Canada.
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Shoppers Drug Mart PC Optimum Bonus Redemption Event - up to an extra $100 in value for your points + MORE Feb 27th
PC Optimum's bonus redemption event for shopping at Shoppers Drug Mart has returned. PC Optimum members will receive up to an extra $100 in value for their points when they redeem them for online or in-store Shoppers Drug Mart purchases.The redemption bonuses are as follows:Redeem 50,000 points an.... More »
Sizing up a credit card rewards scheme + MORE Jun 14th
Points pros live lavish lifestyles with their rewards points they collect, but if you're planning to get in on the game, make sure the fees won't outweigh the benefits.... More »
7 ways you can lose credit card rewards points + MORE Jun 13th
You worked hard for those points, so don't throw them away.... More »
June 15 Update: Credit cards that help you avoid those dreaded airline fees and Aeroplan providing some elites with status boosts next year + MORE Jun 16th
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 World Elite Mastercard which is currently offering a welcome bonus of up to 70,000 bonus points a.... More »
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 »
500 Free Aeroplan Miles for adding your email (select members only)
– RewardsCanada.ca
Be sure to check your Aeroplan account when you log in for a banner that states you can get 500 Aeroplan miles for adding your email. I saw it when I logged in the other day so obviously I was targeted for it. You can check to see if you qualify by logging into your account on Aeroplan.com. You have until March 31st to do so!January 31 Update: Video for Deals of the Week, targeted free Aeroplan miles offer & 2x Starpoints at select Alberta hotels
– RewardsCanada.ca
News, Tips & TricksThere is a slight change in Aeroplan earning on United flights. As of February 1, 2017: “Aeroplan Miles earned in booking class N on all eligible United flights are not Altitude Qualifying Miles and will not count towards Air Canada Altitude™ status” (Source Aeroplan)Been having some fun with iMovie and pulling sound bites from the Podcast to make videos for the Rewards Canada Youtube channel. In case you prefer to visualize then check out the Deals of the Week for January 30th! Posts since our last update: 500 Free Aeroplan Miles for adding your email (select members only) Be sure to check your Aeroplan account when you log in for a banner that states you can get… Canadian Bonus Offers Starwood Preferred Guest- Double Starpoints for stays at the Element Calgary Airport. More… Until Mar 31, 17 – Double Starpoints for stays at the Four Points by Sheraton Sherwood Park. More… Apr 1 – Jul 31, 17 Other Bonus Offers Alitalia MilleMiglia- Earn up to 1,000 Bonus MilleMiglia Miles when you fly Alitalia between Rome and Kiev…
Tax-efficient dividend income
– moneysense.ca
Q: If I am holding stocks that pay a dividend in a taxable account, would it be better to enrol them into a DRIP program if possible or just collect the dividend?What is more tax-efficient?
—Nathan
A: When you earn investment income in a non-registered account – outside an RRSP or TFSA – there are tax implications. The tax implications can vary, Nathan, but I’ll try to explain the various rules.
When you own stocks in a taxable account, the tax payable on the dividends will depend upon the type of dividends earned.
Penalty for holding dividend stocks in a TFSA? »
A U.S. or other foreign dividend is taxed at your marginal tax rate, just like your other income, added to your other sources of income and taxed accordingly.
A Canadian dividend receives special tax treatment, due to something called the Dividend Tax Credit (DTC). The federal and provincial governments incentivize Canadians to invest in Canadian stocks by charging a preferential low tax rate on Canadian dividends…
