New offer for the CIBC Dividend Visa Infinite Card - 10% Cash Back for first 4 months & first year annual fee rebate + MORE Sep 10th
Earn up to 10x Aeroplan points with the eStore’s Amazon Prime Big Deals Days promotion + MORE Oct 8th
Could a line of credit impact my mortgage application? + MORE Oct 7th
RWRDS Daily Update Dec 6: You can now redeem Aeroplan points for LCBO purchases + MORE Dec 6th
New "UltraFICO" score will focus on checking history Oct 23rd
11 money, credit management tips for extended vacations
– creditcards.com
Do all purchases count when building rewards?
– creditcards.com
15 ways Budget 2018 will affect your wallet
– moneysense.ca
What’s not to love? Whether you’re a woman, child, family, veteran or student hitting the books to retrain, the Trudeau Liberals’ second federal budget has something for everyone. But before you get too excited, note that there are no show-stopping measures. Here are 15 ways Budget 2018 will affect your finances:
1. The government is turning the Working Income Tax Benefit into a new Canada Workers Benefit (CWB). The changes mean that if you are single and earn $15,000 or less in 2019 you may earn an extra $500 per year. In the past you had to check a box on your return to apply, but this is no longer the case. You will now be automatically enrolled.
Individuals who are eligible for the Disability Tax Credit may also receive Canada Workers Benefit Disability Supplement. The budget also proposes that the maximum amount of this supplement will be increased to $700 in 2019. It will be phased in at $24,111 for singles without dependents and will disappear at $36,483 for families…
What is the Difference Between Fixed and Variable Rate Loans?
– ratesupermarket.ca
It’s no secret that acquiring debt can cause grief and anxiety. But whether it’s for an unplanned financial emergency, an upcoming renovation or a needed major purchase, there are some situations when taking out a personal loan makes sense.
A personal loan can be easier to apply for in comparison to other types of financing such as credit cards, or a personal line of credit from your bank. There are also no restrictions in how you spend a personal loan.
However, borrowing money from a lender or bank means you’re legally committed to paying the money back within a certain time frame. So when applying, simply guessing if your budget can afford the timely payments is a bad idea.
First, you need to understand how interest rates will affect your payments, and you basically have two ways to go — fixed rates or variable rates.
Fixed-rate loan – the “set it and forget it” choice
With a fixed-rate loan, the loan rate and payment you make each month will stay constant for the term of your loan, no matter how much the market fluctuates…
