It has been a busy week for money rule makers – and recent changes could directly affect your wallet. The government has given the word on two controversial issues close to Canadian consumers – the introduction of the long-promised income splitting tax credit, and a reduction of credit card processing fees for your favourite retailers. These measures seem like they’ll save you money – but how much will consumers really benefit?
ant to know more? Check out our full coverage below.
In Credit Cards: Interchange Fees – What You Need to Know
Credit card giants Visa and MasterCard announced they will voluntarily reduce the credit card interchange fees paid by retailers to about half.
How will this benefit you as a consumer – and what should you keep a close eye out for?
Read Penelope’s Blog | Interchange Fees – What You Need to Know
In Mortgages: How to Finance a U.S. Home Purchase
Want to join the ranks of snowbirds who fly south of the border when Canadian temperatures drop? American real estate can be a great deal – but there are mortgage challenges facing foreign buyers. Here’s what you should know, from our friends at The Housing Block.
Read The Housing Block’s Blog: How to Finance a U.S. Home Purchase
In Economic News: Will Income Splitting Benefit You?
New income splitting tax cuts have been implemented by the Conservatives for families with children – but there’s criticism that only higher-income taxpayers will benefit. Many experts have stated Canada’s surplus would be better used if it applied to all Canadians.
Where do you stand on income splitting? Read on for the full story.
Read Sean’s Blog: Will Income Splitting Benefit You?
In Savings: Is a Lack of Financial Literacy Threatening Your Retirement?
Do you have the financial literacy retirement skills you need to successfully retire? A majority of Canadians don’t according to a survey. Here are the top areas of concern, and how you can turn your retirement reality around.
Read Rubina’s Blog | Is a Lack of Financial Literacy Threatening Your Retirement?
In Personal Finance: Auto Loans Debt: A Risk to Canada?
Can Canadians really afford to own cars? A study finds auto loans are on the rise – and that they represent an amount of unsecured debt that could pose danger to Canada’s economy. Read on for the full story.
Read Gordon’s Blog | Auto Loans Debt: A Risk to Canada?
In Lifestyle: 5 Ways to Turn Leftover Halloween Candy into Christmas Treats
Looking to use up leftover Halloween candy? These 5 scrumptious recipes will put that sugar to good use, and will help you save on holiday baking costs.
Read Melissa’s Blog | 5 Ways to Turn Leftover Halloween Candy Into Christmas Treats
This Week’s #RSMWIN!
On for a second week!
Will you rely on credit to afford the holiday season?
Tweet your answer to @RateSupermarket with #RSMWin to enter for a $25 gift card!