Lenders may remember old charge-off forever + MORE Mar 24th

OTTAWA – The federal government is restoring the tax credit for labour-sponsored investment funds, but investment experts urge caution for investors who may be considering them.
They say tax credits should not drive your investment decisions and that labour-sponsored investment funds have been a risky proposition with a history of disappointing performance.
Professor Eric Kirzner of University of Toronto’s Rotman School of Management says they are complex investments that are difficult to understand and carry high management fees.
“Would I recommend these as investments: No,” he said.
Labour-sponsored funds or labour-sponsored venture capital corporations were first introduced in the 1980s as a way for small investors to invest in small- to medium-sized businesses.
Don’t panic about corporate class funds »
Kirzner, who holds the John H. Watson Chair in Value Investing and teaches investment finance, says the idea was that investors would do well and companies that otherwise would not have been able to raise capital would get needed investment…

Nothing requires a lender to grant more credit if you still owe a debt, despite it falling off your credit report

For our Maui trip back in February we rented a large SUV to shuttle us around the island. We picked a 7/8 passenger SUV (Ford Explorer or similar) from Hertz as they had some of the best pricing and we could take advantage of an Aeroplan bonus mile offer for Hertz rentals. Related: Earning Stories: 2,500 Aeroplan Miles on a Hertz SUV rental in Maui I put the car rental charges on my Diners Club MasterCard for two reasons. It has no cap on rental car value for the CDW just in case we got an upgrade (and we did, read the related story above!) and the possibility of using Club Rewards points for the charge. In the end I did end up using points for the rental: So as you can see the rental ended up costing us 47 cents as you don’t redeem points for portions under $1. I pretty much only use the Diners Club card for the Tailored Travel Credit redemptions to save us money on our vacations (see my other Diners Club redemption stories here). The redemption rate works out to a 1.7% return on my spending, of course there are cards out there that could have got me 2% however I wouldn’t have been able to drive around in an upgraded luxury SUV with those cards…

One of the most under regarded cards in the market, even by ourselves, the mbna Rewards World Elite MasterCard is the best card in mbna’s portfolio for any type of rewards! While the card may not rank in our Top 5 Travel Points cards with an annual fee, it can definitely compete with those cards as long as you are fine with lesser insurance benefits and a lower sign up bonus. OverviewThe mbna Rewards World Elite MasterCardis marketed by mbna as a travel rewards credit card, which it is, but it is also cash back credit card and one of the best at that! We recently placed it into our Ultimate Cash Back Credit Card portfolio because of this. The card is known for its strong return on everyday spending, a straight 2%. No tiers or specific categories to worry about. No matter what, your return is always 2%. Continue reading the entire review on the main Rewards Canada website

An amazing new bonus has come out on The Platinum Card from American Express. This bonus is not on the public American Express Canada site but it is rather part of their member get a member referral program. If you apply for the card via a referral you will now get 75,000 Bonus Membership Rewards Points instead of the 60,000 that it used to be when you spend $1,000 in the first three months of cardmembership.Here are the card details• Platinum members are automatically enrolled in the Membership Rewards First™ Tier and earn 1.25 points for every dollar in purchases charged to the Card• $699 Annual fee • The Platinum Card gives you access to exceptional lounge benefits such as the Canadian Platinum Lounge Benefit, Airport Club Program• You will also have access to elevated status with many Hotel & Car Rental loyalty programs, $200 Annual Travel Credit for Travel Bookings through Platinum Card Travel Service, lodging benefits at a collection of over 700 Fine Hotels & Resorts around the world, access to special events and unique opportunities and a dedicated concierge team• You can use Apple Pay on your eligible device to pay for goods and services at participating American Express contactless merchants • American Express is not responsible for maintaining or monitoring the accuracy of information on this website…