Ten ways the 2017 federal budget will affect your personal finances + MORE Mar 23rd

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Offer extended: 10% cash back for the first two months with Tangerine Mastercards + MORE Apr 3rd

Tangerine has once again extended their limited time welcome offers on the ever popular Tangerine credit cards to end of May. Both the Tangerine Money-Back Credit Card and the Tangerine World Mastercard will award a 10% cash back welcome earn rate in the first two months for any new approved applic.... More »
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New welcome offer for the CIBC Aventura® Visa Infinite* Card - Earn up to 35,000 Aventura Points with first year annual fee rebate† + MORE Feb 18th

At the start of November CIBC  launched new offers on many of their rewards credit cards. One of those was earning up to 35,000 Aventura Points on their premium travel card, the CIBC Aventura® Visa Infinite* Card†. That offer has now been enhanced to include a first year annual fee rebate fo.... More »

Aeroplan Family Sharing misuse leads to the temporary suspension of the creation of new plans + MORE Aug 22nd

We just received notice from Air Canada that they have temporarily suspended the ability to create new Family Sharing Plans. This feature which was was added to the program when it was revamped in 2020 allows family/groups to pool Aeroplan points to achieve rewards faster. It has proven to be very p.... More »

AIR MILES Travel offering up some big bonuses for bookings made during Thanksgiving weekend! + MORE Oct 10th

The timing couldn’t be more perfect – as we revealed our updated Guide to Credit Card & Loyalty Programs for the All Inclusive Vacationer, AIR MILES has revealed some big bonuses for booking travel with them this weekend! AIR MILES is one those programs that allow you to use miles t.... More »
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Podcast Episode 88 - February 21, 2022  BMO, What are you doing? Part II Feb 22nd

Who would have thought that almost exactly a year after we had a podcast "BMO, What are doing?" we release this episode, BMO, What are you doing? Part II. Yes, BMO is at it again, changing their best travel rewards card and for the most part it is getting worse. The BMO World Elite Mastercard wi.... More »
21 ways Budget 2017 will affect your finances

1. Employment Income (EI) premiums are going up to $1.69 per $100 of insurable earnings from the current $1.63 per $100 of insurable earnings.
2. The tax credit for Public Transit Tax Credit on Passes will be eliminated effective July 1st.
3. Tighter rules on investment products you can and can’t hold in your Registered Education Savings Plan (RESP) and Registered Disability Savings Plans (RDSP). Strict investment rules had already been outlined for RRSPs and TFSAs. Make sure you’re holding allowable investment products, otherwise the penalties are onerous.
4. The CRA will continue to receive more funding in 2017 to ensure every Canadian is playing by the tax rules and claiming all eligible taxable income. For 2017, the federal government will be spending an additional $523.9 million on top of the $400 million they spent last fall to track tax cheats and collect money from tax evaders both in Canada and around the world.

5 ways Budget 2017 will hike your Friday night spending

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Continue Reading On moneysense.ca »

Federal budget scraps Canada Savings Bonds sales and public transit tax credit, but keeps capital gains taxes at 50 per cent

Continue Reading On theglobeandmail.com »

1. Employment Income (EI) premiums are going up to $1.69 per $100 of insurable earnings from the current $1.63 per $100 of insurable earnings.
2. The tax credit for Public Transit Tax Credit on passes will be eliminated effective July 1st.
3. Tighter rules on investment products you can and can’t hold in your Registered Education Savings Plan (RESP) and Registered Disability Savings Plans (RDSP). Strict investment rules had already been outlined for RRSPs and TFSAs. Make sure you’re holding allowable investment products, otherwise the penalties are onerous.
4. The CRA will continue to receive more funding in 2017 to ensure every Canadian is playing by the tax rules and claiming all eligible taxable income. For 2017, the federal government will be spending an additional $523.9 million on top of the $400 million they spent last fall to track tax cheats and collect money from tax evaders both in Canada and around the world.
5. Excise duty rates on alcohol products are going up by 2 per cent effective right now…

Continue Reading On macleans.ca »

When a family member opens cards in your name, you need to file a police report

Continue Reading On creditcards.com »

Consumer tax changes in today’s federal budget will add to the cost of Uber rides while ending a public-transit tax credit. Those are just two of several Liberal government moves that will hit pocketbooks directly, though modestly.

Continue Reading On cbc.ca »

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