Friday, July 17News That Matters

Author: Arexl

Is a Premium Credit Card in Canada Worth It?

Is a Premium Credit Card in Canada Worth It?

CREDIT CARDS
In Canada, opting for a premium credit card makes sense primarily for those who actively utilize the associated rewards, perks, and benefits to offset the higher annual costs. If you are a frequent traveler, enjoy shopping, or seek exclusive benefits such as insurance coverage and access to lounges, these cards can deliver significant value. An important aspect to consider is the welcome bonus, which, if substantial, can often equate to two to three times the cost of the annual fee, making it an excellent opportunity for a trial period. Conversely, individuals who travel sparingly or primarily focus on everyday expenses may find the additional premium benefits lacking sufficient value to justify the expense. With a wide range of Canadian credit cards featuring travel rewards, lifestyle ...
Avoiding Kijiji Scams: Tips to Protect Yourself

Avoiding Kijiji Scams: Tips to Protect Yourself

PERSONAL FINANCE
Kijiji undoubtedly stands out as one of Canada’s leading online classified platforms. Whether you're searching for baby essentials or vehicles, the site offers an extensive range of second-hand and brand-new products. With frequent substantial discounts, it’s no wonder that Kijiji has become a shopping favorite. However, the very elements that enhance its user-friendliness can also attract deceitful activities. Unscrupulous individuals target unsuspecting users, taking advantage of those eager for a bargain or looking to sell their items. Given that scammers often employ clever strategies to create the facade of credible transactions, it’s essential for potential buyers and sellers to remain alert to the dangers associated with Kijiji. Common schemes might involve impersonating buyers who...
2026 Review of Scotiabank Passport Visa Infinite Card

2026 Review of Scotiabank Passport Visa Infinite Card

CREDIT CARDS
Searching for a review of the Scotiabank Passport Visa Infinite Card? Let me share that this card ranks among my top choices. With no fees for foreign transactions, comprehensive travel insurance, and access to airport lounges, the Scotiabank Passport Visa Infinite Card stands out as a leading travel credit card. While several credit cards now feature no foreign transaction fees, the Scotiabank Passport Visa Infinite was pioneering in this regard. Despite being launched a few years back, it remains one of Canada's top travel cards. For more insights, check out my complete review of the Scotiabank Passport Visa Infinite Card. Scotiabank Passport™ Visa Infinite* Card Apply Now $150 annual fee ...
Understanding Guaranteed Investment Certificates (GICs)

Understanding Guaranteed Investment Certificates (GICs)

BANKING
Have you ever asked yourself, what exactly is a GIC? A Guaranteed Investment Certificate (GIC) represents a secure investment vehicle. The principal amount you invest is guaranteed, ensuring that you won’t lose any of your initial investment, which makes GICs appealing for many investors. Nevertheless, due to their guaranteed returns, GIC rates in Canada tend to be relatively low. This might not be an issue for investors with shorter investment horizons or those aiming to achieve a balanced portfolio, but GICs may not be the most effective way to accumulate wealth over time. Despite the modest growth potential of GICs, they can still play a beneficial role in your overall investment portfolio. Understanding how GICs operate and the factors influencing their interest rates is essential. ...
36 Top Birthday Freebies in Calgary

36 Top Birthday Freebies in Calgary

PERSONAL FINANCE
In Calgary, celebrating your birthday can be both delightful and budget-friendly with an array of fantastic birthday freebies. Many places offer goodies ranging from complimentary meals to free samples, and some even extend their offers for weeks, providing ample time to strategize your birthday indulgences. Whether you’re keen on enjoying a free breakfast on your special day or multiple bubble teas throughout your birthday week, claiming these rewards is a breeze. Just remember to bring your ID and be aware of the available offerings to fully enjoy the top birthday treats Calgary has to offer. Top Birthday Freebies in Calgary Many restaurants and retailers in Calgary surprise patrons with birthday gifts. With a multitude of options at your disposal, planning your birthday experience is...
Understanding Chequing Accounts

Understanding Chequing Accounts

BANKING
If you're wondering what is a chequing account, there's no need to feel embarrassed. While many recognize that a bank account is essential, the multitude of options available can be overwhelming. Gaining clarity on how a chequing account functions and how to make the most of its benefits can lead to significant savings in the long run. What is a chequing account? A chequing account represents the fundamental type of bank account offered by financial institutions. It's important to note that in the U.S., these accounts are commonly referred to as checking accounts, but their functionality remains the same. Despite their simplicity, chequing accounts are the most frequently utilized accounts, enabling users to receive their paychecks, settle bills, transfer funds, and more. They also prov...
Scotiabank Scene+ Visa Card Review

Scotiabank Scene+ Visa Card Review

CREDIT CARDS
The Scotiabank Scene+ Visa Card serves as a fantastic entry-level option for students and newcomers to Canada who desire to establish their credit. With no annual fees and the capacity to earn versatile points, it stands out among Scotiabank credit offerings. However, the card lacks a plethora of perks, so be sure to check out my detailed review of the Scotiabank Scene+ Visa Card. Scotiabank Scene+®* Visa* Card Apply Now No annual fees Receive 2,500 Scene+ points after spending $250 in the first three months Earn an additional 5,000 Scene+ points after spending $1,000 in the initial three months Accrue 2 Scene+ points per $1 on purchases at Cineplex™ t...
Chequing vs. Savings Accounts: Key Differences

Chequing vs. Savings Accounts: Key Differences

BANKING
When choosing between a chequing account and a savings account, it's important to assess your personal requirements. Chequing accounts are generally intended for everyday financial transactions, while savings accounts serve the purpose of accumulating funds. In most cases, individuals maintain both types of accounts; however, these accounts may not necessarily be held at the same financial institution. Some people opt for online banks for their savings accounts due to the higher interest rates offered. On the other hand, many prefer to consolidate all their accounts within a single bank for convenience. As a customer, understanding the distinctions between checking and savings accounts is crucial in order to select the account type that best fits your needs. What is a chequing account? ...
Scotiabank Passport Visa Infinite Business Card Review

Scotiabank Passport Visa Infinite Business Card Review

CREDIT CARDS
While business credit cards are often geared towards enhancing purchasing power and safeguarding business finances, several options also offer commendable travel rewards. A prime example is the Scotiabank Passport Visa Infinite Business Card, which comes with no foreign transaction fees, travel insurance, access to airport lounges, and additional perks. From a business perspective, a credit card that imposes no foreign transaction fees can lead to considerable savings—around 2.5% on purchases made in currencies other than Canadian dollars. But are these savings sufficient to make this card worthwhile for you? Discover more by reading my in-depth review of the Scotiabank Passport Visa Infinite Business Card. Scotiabank Passport™ Visa Infinite Business* Card ...
Maternity Leave in Ontario: A Complete Guide

Maternity Leave in Ontario: A Complete Guide

PERSONAL FINANCE
In Ontario, maternity leave practices mirror those in many other provinces and territories across Canada, with the exception of Quebec, as they are governed by federal regulations. One of the appealing aspects of maternity and parental benefits in Canada is the possibility of receiving financial support for up to 18 months while you focus on childcare. When you take maternity leave or parental leave in Ontario, your benefits are derived from Employment Insurance (EI), which covers up to 55% of your earnings, capping at $668 per week (effective January 1, 2024). Although these benefits are subject to taxation, many Canadians find relief in not having to rush back to work after just a few months due to financial pressures. Understanding the intricacies of maternity leave in Canada is cruci...
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