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: 14 new confirmed multiplier locations in Canada, U.S., U.K. & South Africa Feb 6th
Here’s our next update to the American Express Cobalt Card Confirmed Multiplier Locations with 14 new locations being added today from Canada, U.S., U.K. and South Africa. Thanks to the RWRDS Canada community for providing details on thousands of locations around the world where you can use the Am.... More »
Srivindhya Kolluru: Crushing mortgage payments have Canadian homeowners looking for options. Here are a few … Jul 9th
Experts say when considering refinancing to be mindful of your credit profile and not to gamble on interest rates changes that may not happen..... More »
Receive up to an 80% bonus when you buy Aeroplan points + MORE Oct 17th
Aeroplan is out with another buy or gift points promotion where you can buy Aeroplan points with up to an 80% bonus. This offer runs until October 25, 2023 and is awarded on purchases of 15,000 points or more. If you purchased points during the July promotion you’ll automatically receive an extra .... More »
RWRDS Daily Update – April 4, 2023 + MORE Apr 5th
Guide to Credit Card Emergency Medical Insurance Coverage and Fiji Airways upgrading Vancouver flights to the Airbus A350. Check out today's points and miles updates here:
The post RWRDS Daily Update – April 4, 2023 appeared first on Rewards Canada..... More »
RWRDS Daily Update – January 27 + MORE Jan 28th
Fast track to Alaska Airlines Elite Status for employees of 10 companies, the Ultimate Student Credit Card Portfolio & one new Amex Offer. Check out today's points and miles updates here:
The post RWRDS Daily Update – January 27 appeared first on Rewards Canada..... More »
I’ve noticed a surge of posts on other sites about the recently revamped NBC World Elite Mastercard on being an amazing 5x points card and its awesome new welcome bonus. Don’t get me wrong, it is a good card, in fact it verges on being very good but there is an elephant in the room […]
The post Loyalty Lesson: The revamped National Bank World Elite Mastercard is good but…. appeared first on Rewards Canada.
The post Loyalty Lesson: The revamped National Bank World Elite Mastercard is good but…. appeared first on Rewards Canada.
How to Claim the Canada Training Credit (CTC)
– canadianfinanceblog.com
If you’ve spent money to upgrade your skills, you can reduce your tax owing with the Canada Training Credit. One of the newer and lesser-known tax credits, the Canada Training Credit lets working Canadians claim eligible training fees when they file their income tax return. But what is the Canada Training Credit, and who can make a claim? I’ll answer those questions and more in this guide to the Canada Training Credit.
What Is the Canada Training Credit?
The Canada Training Credit (CTC) is a refundable tax credit designed to help Canadians cover eligible training expenses, including tuition and other fees paid for courses you take during the year.
Who Can Claim the Canada Training Credit?
According to the CRA, if you meet all of the following six conditions, you may be eligible to claim the Canada Training Credit:
What Is the Canada Training Credit?
The Canada Training Credit (CTC) is a refundable tax credit designed to help Canadians cover eligible training expenses, including tuition and other fees paid for courses you take during the year.
Who Can Claim the Canada Training Credit?
According to the CRA, if you meet all of the following six conditions, you may be eligible to claim the Canada Training Credit:
You were a resident of Canada throughout the year
You file an income tax and benefit return for the year
Your Canada Training Credit limit is above zero
You were at least 26 years old and younger than 66 years old at the end of the year…
My bank has offered me a credit limit increase I didn’t request. Is there any reason I shouldn’t take it?
– thestar.com
Experts say there are pros and cons to accepting an increase to your credit limit.
