New US resident must rebuild credit + MORE May 21st

A relativey quiet day in the Canadian world of travel rewards!  News, Tips & Tricks More Rewards Canada’s credit card comparison chart updates today. Today we added the BMO Sobeys AIR MILES MasterCard to the mix. You’ll find the card on the following two charts: Canadian Travel Credit Card Comparison: All Credit Cards Canadian Travel Credit Card Comparison: Travel Poins Credit Cards  COPA Airlines sent out another email about their new ConnectMiles program with details on when enrollment will begin. Everything seems to be lining up properly for their July 1st launch. Posts since our last update: Destinations you can fly to with WestJet dollars We’ve been asked when we release various rankings on the site, how come WestJet dollars didn’t make it into our… Bonus OffersAmerican AAdvantage- Earn up to 50,000 Bonus AAdvantage Miles when you buy or gift AAdvantage Miles online. More… Until Jun 12, 15Emirates Skywards- 1,000 Bonus Skywards Miles for stays at all Marriott Hotels in India…

Unfortunately, a positive credit file built up in another country doesn’t follow you here. Here’s how to start over

(Getty Images / Fuse)
A new survey by the U.S.-based National Association of Realtors (NAR) shows that a few number of cash-flush people flocked to the United States to purchase vacation property last year. (Read Monday’s post for a great infographic that breaks down what this survey shows about U.S. investment and vacation homes in 2014)
With all this continued interest in U.S. vacation properties, you may be tempted to take the plunge and buy a property down south, but if you do there are a few details you’ll need to keep in mind to stay on the good side of the U.S. and Canadian taxman.
CRA offers foreign tax credit
If you buy a U.S. vacation home and opt to rent it out—to either earn income or defray some of your annual expenses—then be prepared for double-taxation. That’s because any income you earn in the U.S. must be declared to the Internal Revenue Service (IRS)—America’s taxman, as well as to Canada Revenue Agency—our taxman. The good news is that Canada and the United States have a tax treaty, which means: “You can generally claim a foreign tax credit to reduce your Canadian tax,” explains Jamie Golombek, CIBCs managing director of tax and estate planning…

WASHINGTON – The House voted Wednesday to make permanent a generous tax credit that rewards businesses for investing in research and development, setting the stage for another showdown over taxes.
The tax credit is part of a package of more than 50 temporary tax breaks that routinely expires every year or two, only to be renewed by Congress.
The entire package expired at the beginning of the year. House Republicans have been working to make selected tax breaks permanent, over the objections of many Democrats.
“Research and development is the lifeblood of manufacturing, driving growth through increased productivity and new product development,” the National Association of Manufacturers said in a letter to lawmakers. “The lack of a permanent R&D tax credit creates uncertainty as manufacturers do not know if the credit will be around for the entire length of their R&D projects.”
The House passed the bill by a vote of 274-145. It now goes to the Senate…

May 20, 2015: Average rates on new credit card offers rose Wednesday to their highest point in more than six months, according to the CreditCards.com Weekly Credit Card Rate Report.