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Tips & Hacks

Are Canadian Credit Card Rewards Taxable?

are credit cards rewards, miles, points taxable?

We’re close to the tax filing deadline and panic is in the air as tax season comes to a head. As convoluted as our tax code is, credit card rewards may introduce another layer of complexity. The average Canadian does not have to pay taxes on their credit card points, miles or cash back earned. However, the Canadian Revenue Agency ... Read More »

Get The Most From Your Aeroplan Miles

get most from aeroplan reward miles

Aeroplan remains one of Canada’s most valuable rewards programs – and with good reason. With a multitude of credit card, frequent flyer and retail partner earning opportunities, members can accumulate more miles for each dollar they spend than almost any other program in Canada. No we’re not blind to Aeroplan’s shortcomings. Use the program like the masses and it will be ... Read More »

8 Misleading Credit Card Tricks Eating A Hole Through Your Wallet

flcik

Many credit cards are designed to catch consumers off guard with late fees, retroactive interest charges, penalty rates and other toxic landmines. Some are justified, others not so much. Regardless, we’d like to give you a primer on some of the more common, and frankly, egregious examples of fine print trickery, in our opinion. The more you know, the less ... Read More »

Know Thyself: Don’t Get Screwed By Your Credit Card

credit card addiction

Much of the risk in credit cards is predicated on exploiting consumer psychology. The theory goes that it’s the weakness of our heads, not our wallets, that make us prone to debt, fees and overspending. One famous study from 2001 showed that people were willing to pay up to twice as much for the same item when paying with a credit card ... Read More »

Avoid Credit Card Balance Insurance Like The Plague

Credit Card Balance Insurance

Ever get the call from your credit card company offering you credit card “balance protection”, “balance insurance”, or “payment protection”? Do they push peace of mind? Just say NO. Regardless of the name, credit card balance insurance products basically promise to either pay down your balance in the event you die, or pay/suspend your minimum monthly credit card payments in ... Read More »

Have Too Much Holiday Credit Card Debt? Do This…

holiday credit card debt

Are you saddled with more credit card debt than you’d like? Between gifts, vacations and celebrations, the holiday season can be an especially expensive time of year. You’re not alone. Nearly one in four Canadians will finance part of their holiday expenses on their credit card, according to TD. If you have credit card debt, or any debt for that ... Read More »

12 Ways To Master The Credit Card Rewards Game In Canada

CCredit Card Rewards Game

They’re fun, liberating, enriching, exhilerating, frustrating and distressing. They make every purchase an aspirational event, and every redemption an exercise in despondency. But we love ’em! More than any other people in the world, Canadians love to earn, burn and churn their cash, points and miles. Play the game like the masters, and you’ll have the chance to fly free, stay ... Read More »

A Frequent Flyer Surprise: Expedia For TD

Expedia

For frequent flyers who love using Expedia to book cheap flights, hotels, and exclusive travel deals, TD’s First Class Visa Infinite credit card may be the most rewarding and flexible credit card in Canada. You’ll be able to redeem your rewards to book any airline, hotel, cruise, or package available on Expedia at the best prices available, with no black ... Read More »