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?
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Octopus ancestors lived before era of dinosaurs, study shows - Phys.org + MORE Mar 13th
Octopus ancestors lived before era of dinosaurs, study shows Phys.orgStudy: Octopus Ancestors Lived Before Dinosaurs VOA Learning EnglishScientists Discover Octopus Fossil That Predates The Dinosaurs All That's InterestingScientists discover ancient ancestor of octop.... More »
WestJet RBC World Elite Mastercard: Biggest ever bonus of up to 700 WestJet dollars + MORE Aug 1st
700 WestJet dollars – that’s not a typo. The biggest ever WestJet dollar bonus to be offered on the WestJet RBC World Elite Mastercard has returned! When you apply for and are approved for the card right now, you can earn that bonus in addition to the card’s famous benefits of re.... More »
AIR MILES Bonus Boom is now live - earn bonus miles with participating partners + 95 bonus miles with three different Bonus Boom offers + MORE Aug 28th
The latest AIR MILES Bonus Boom event kicked off today with your usual bunch of bonus miles offers for shopping or completing actions with various AIR MILES partners. Most of the bonuses are available between today and September 8 and once again if you use three different Bonus Boom offers .... More »
Marriott Bonvoy Elite Members to receive 50% elite night credits, will offer a double points/elite credit promotion & a discount on off peak redemptions + MORE Jan 12th
Marriott just announced they will once again be giving a boost to their elite members to make re-qualifying for status easier during these depressed travel times. This February all elite members will receive elite night credits equal to half of what it would normally take to earn the same stat.... More »
Receive 20% points back on Aeroplan hotel bookings Jun 17th
Air Canada Aeroplan has brought back a “points back” promotion for booking hotel stays with your Aeroplan points. Members receive 20% Aeroplan points back when registering for this offer and redeeming for eligible stays booked via Air Canada. Just like the other versions of this promotion, this .... More »
Should I withdraw from my TFSA to contribute to an RRSP?
– moneysense.ca
Q. When does it make sense to withdraw money from a TFSA and move it to an RRSP? I am in my late 50s and considering doing this as I have a fairly high income and not much cash on hand to make RRSP contributions. Is that a good move for me? – Deirdre T.
I like that you are thinking about ways to reduce tax, Deirdre, and if you’re careful it may be a good move; if not, it could be a big mistake.
There are two things to think about:
Will your tax rate in retirement be lower than it is now? If so this could be a good strategy. Also think about things like the OAS clawback, the age credit, GIS, GST credit etc…
A TFSA contribution is an after-tax contribution and an RRSP contribution is a pre-tax contribution. A $5,000 contribution to a TFSA is not the same as a $5,000 contribution to an RRSP. If your marginal tax rate is 40% and you draw $5,000 from your TFSA you’ll have $5,000. The same $5,000 withdrawal from your RRSP will leave you with $3,000, and that’s where you could make your mistake…
Should you postpone retirement to pay off card debt?
– creditcards.com
If you are approaching retirement and are still revolving credit card balances, it may be better to keep working until those debts are paid off.
The parent company of loyalty card Aeroplan saw its shares plummet for a second day Friday after DBRS warned about a possible downgrade after it announced the sale of its Nectar business at a substantial loss.
Choice Privileges Elite Status Match now available to Canadians
– RewardsCanada.ca
We’ve had this offer listed for quite sometime on our global site, FrequentFlyerBonuses.com but never covered it here on Rewards Canada as it was only available to U.S. residents. Great news is that for 2018 the offer has been expanded and us Canadians can now get status matched in the program The Choice Privileges status match offer will match the status of most other hotel loyalty programs. Choice Privileges Elite Status isn’t as rich as the status seen from other programs like Starwood or Hyatt but it is better than not having any – especially when it comes to booking free award nights from the base level of only 30 days out to anywhere from 50 to 100 days depending on the status level.I’ll have to update the following post as it boosts it to at least seven programs!Get elite status with at least six hotel reward programs with The Platinum Card from American Express Offer detailsElite Status Match – Choice Privileges will match the elite status you hold in another hotel loyalty program…
