How to go about securing the best rate and plan for your credit card in Canada.
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Forgot to File Your Taxes Last Year? What You Need to Know + MORE Mar 13th
If filing your taxes over the next few weeks isn’t on your calendar, it certainly should be. Tempting as it may be, this is one area where procrastinating can only make things worse.
Unlike sales tax, which is a pay-at-the-pump proposition, Canada’s income tax system is based on self-assessment.... More »
Air Canada Signature Suite in Vancouver set to open on March 14 + MORE Mar 14th
Last night Air Canada gave a sneak peek of its brand new Signature Suite in Vancouver to the media and we now know the new lounge will open on March 14. This will be Air Canada's second Signature Suite in their business class lounge network after the one in Toronto which debuted in 2017.Recommended .... More »
Customer says BMO ignored her plea to cap limit on joint line of credit with ex: debt more than doubles + MORE Apr 9th
An Ontario woman says she is furious that her bank repeatedly increased the limit on a joint line of credit she had with her then-husband, allowing him to rack up debt for which she is responsible. She wants banks to have to get permission before increasing a customer's line of credi.... More »
Some advice for borrowers and investors: Take a deep breath + MORE Dec 15th
WASHINGTON _ If you’re about to buy a home, shop for a car or borrow for college, the pros have some advice:
Go ahead.
The Federal Reserve’s decision Wednesday to slightly raise its key interest rate, advisers say, should have little effect on mortgages or auto and student loans. The Fed.... More »
Neighbor says case of found remains, detained teen is 'horrifying' - WTSP 10 News + MORE Nov 26th
WTSP 10 NewsNeighbor says case of found remains, detained teen is 'horrifying'WTSP 10 News15-year-old Logan Mott is a person of interest in the investigation of the remains found believed to be his grandmother. Alexander Osiadacz, WTLV 9:50 PM. EST November 25, 2017. Seagate Avenue home wh.... More »
4 smart things to do with your tax refund
– moneysense.ca
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It’s an annual rite of spring, right up there with dusting off your golf clubs and watching the Stanley Cup playoffs: Getting your annual tax return from the CRA. Rather than blow it—though you certainly could—here are four ways you can use your refund to put some spring in your finances.
1. Use it to pay off debt
There are few investments you can make that can compare with paying off any outstanding debt you may be carrying. Debt repayment offers piece of mind and a guaranteed rate of return—make that a guaranteed outstanding rate of return if you are paying off a high-interest debt like a credit card balance.
2. Use it to invest in your future
Take your tax rebate and put it into a Registered Retirement Savings Plan (RRSP) or a tax-free savings account (TFSA)…
May 30 Update: It is a credit card kind of day! Exclusive TD Aeroplan offer, Scotia More Rewards is here, BMO World Elite AIR MILES update
– RewardsCanada.ca
News, Tips & TricksTypically we see most credit card offerings change at the start of a month but since June 1st is mid week it seems like most banks wanted to bring out their new offers or updates on cards today. From our exclusive offer on the TD Aeroplan Visa Infinite Card to the release of the Scotiabank More Rewards Visa and more, it was a busy day in the world of rewards credit cards.We have received notice that the current offer of up to 3,000 Bonus AIR MILES for the BMO AIR MILES World Elite MasterCard will end on June 9th so if you have had this card in your sights get in on it now as after the 9th the sign up bonus drops to 1,000 AIR MILES Reward Miles.One of readers reached out to us to see if we could confirm if Scotiabank Amex cards included Front of the Line access as he spoke to a customer service rep and that rep said yes their cards do. We thought it was the opposite and have confirmed with Scotiabank management that FOTL access is NOT included on their Amex cards…Canadians Remain in Denial about Personal Debt: Ipsos Reid survey
– ratesupermarket.ca
Despite debt levels continuing to rise, Canadians are looking to a brighter financial future.
Following data released by credit rating agency TransUnion, a new Ipsos Reid/BDO poll shows that the average Canadian’s non-mortgage debt level rose to $21,348 in the first quarter of 2016. That is a 2.7 per cent increase from the average debt level this time last year. It also means that Canadians owe $1.60 for every dollar we earn per year, something that can add to the many financial stresses Canadians already have. But not everyone is worried about it.
Positive outlook:
The poll found that 73 per cent of Canadians are carrying debt, and almost a quarter say they believe they will never become debt free. Almost half of those polled find that the rising cost of living is preventing them from being able to pay off what they owe.
Despite those gloomy figures, four in 10 respondents believe their children will be better off financially than they are.
What makes up the debt:
According to TransUnion, auto and installment loans are the two largest, most common debts, pushing us further into the red…
How to Reduce Your Credit Card Interest Rate
– canadianfinanceblog.com
One of the most depressing things about having credit card debt is the fact that the high interest rate can mean that most of your monthly payment (if you carry a balance) goes to paying interest, rather than reducing your principal. This can mean a long, slow slog as you try to pay off debt.However, you might not have to keep paying that interest rate. In some cases it’s possible for you to reduce your credit card interest rate… just by asking.
Steps to Reduce Your Credit Card Interest Rate
Is your credit card interest rate 18% or higher? Call the number on the back of your card, tell them you have seen lower rates and chances are that you can get them to lower it. It’s not always that simple, of course, but it’s a start.
Call and ask to speak to someone about your interest rate. In some cases, representatives are allowed to drop your interest rate by as much as 3% in order to retain you as a customer. If the first representative can’t help you, ask for someone who can help you lower your interest rate…
Rewards Canada Exclusive: Double Aeroplan Miles on select spending when you apply for and get the TD Aeroplan Visa Infinite card
– RewardsCanada.ca
Rewards Canada is pleased to have teamed up with TD Canada Trust to give our readers this exclusive offer on the TD Aeroplan Visa Infinite Card! The standard offer out there will only award up to 20,000 Aeroplan Miles when you sign up for the card however with our exclusive offer you can earn Double Miles on select purhcases with the TD Aeroplan Visa Infinite Card that can give you up to 7,500 more miles than the other offers out there.The standard offer is 15,000 Bonus Aeroplan Miles on your first purchase with your first year annual fee on the primary card being waived as well as an additional 5,000 Aeroplan Miles is awarded if you add an authorized user. We have that in our offer as well but on top of that we have this double Aeroplan miles offer:For every $1 spent on eligible gas, grocery, drugstore and aircanada.com Purchases with your Card, earn double Aeroplan Miles for the first 90 days after Account approval – that’s 3 miles instead of 1…
