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Canada’s best credit cards 2021
– moneysense.ca
Finding the right credit card could save you hundreds, if not thousands, of dollars a year. Whether you’re looking for lower fees, more rewards or simply valuable perks like travel medical insurance or rental car savings, every dollar counts. If you use your credit card wisely, pay off your balance monthly and find the right rewards program for you, and you are sure to come out ahead. There’s a slew of credit card options out there, and it can be challenging to find the best deal—but this list of best credit cards in Canada is here to help. We’ve highlighted the best in 13 different categories so that you can zero in on the ones that fit your spending habits, and offer features you truly value. Remember, this “best credit cards” ranking is the starting point; the final decision is yours to make.
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*Cards will be exclusively from Ratehub.ca partners. You can find MoneySense’s top editorial picks below…
The Benefits of Donating a Life Insurance Policy to Charity
– life-insurance-quotes.ca
Life insurance policies cannot only be left to an individual beneficiary, but can be donated to charity. Along with the satisfaction of knowing that you are leaving money to a worthy cause, donating your policy will also have certain tax benefits.
Donating your life insurance policy can be accomplished in 2 ways:
The donor will either gift ownership of an existing policy to a charity, or;
The charity will take out a policy on the donor’s life.
Note that in both scenarios the charity is actually the owner of the policy.
If an existing policy is donated, the cash surrender value of the policy minus any policy loans outstanding plus any accumulated dividends or interest is treated as the fair market value of that policy. This is the amount for which a tax receipt can be issued. Payment of the premiums due on the policy by the donor, which is owned by the charity are considered charitable donations. The charity can issue an annual tax receipt for these payments, whether they are paid by the donor directly or paid to the charity with instructions that the money is used to pay the premiums…
