Capital gains changes have Canadians rushing to get ‘affairs in order’ – National

Canadians are scrambling to get their “affairs in order” as controversial changes to how capital gains are taxed are set to go into effect on Tuesday, accountants say. The changes, which have received pushback from business groups and doctors, will increase the inclusion rate for taxable capital gains from 50 to 67 per cent for … Read more

Costly detail in receipt at Australian restaurant sparks outrage

A disgruntled Aussie diner expressed their concern this week, after they said they copped a $4 surcharge on their bill. They said no signs explaining the additional fee were visible anywhere in the store, a trend they believe appears to be becoming more common. Two serves of beef pepper rice and a Pepsi Max set … Read more

Armaguard gets $50 million bailout to keep cash moving

Cash transport company Armaguard has secured its short term future after locking in a $50 million deal with its largest customers. The agreement, funded by Commonwealth Bank, Westpac, NAB, ANZ, Coles, Woolworths, Bunnings and Australia Post, means Armaguard will receive monthly payments in exchange for efficiency and restructuring requirements. Those monthly payments will also come … Read more

More than $234 million sitting unclaimed by NSW residents

More than $577 million is currently sitting unclaimed by Revenue NSW, with about $234 million of that designated as belonging to residents who have yet to claim it. The NSW Government returned more than $21.8 million in unclaimed funds during the last financial year, setting a record. Unclaimed funds are comprised of payments, refunds, unpresented … Read more

Westpac launches pay with Altitude Points credit card scheme

Westpac customers can now use their Altitude Points for credit card purchases, in a first for Australian banking. The bank’s new pay with points program allows customers to use their points as money when paying with their Mastercard, without needing to go through the normal redemption process. Customers can now see their points on the … Read more

CommBank blamed as QLD business Street Feast sparks uproar by going cashless before backflip

A Queensland small business has accused its bank of making it “actively difficult” to deal in cash, after facing an “unacceptable” situation where coin deposit machines were down at multiple branches. But the Commonwealth Bank (CBA) has rejected suggestions it’s phasing out deposit machines, saying “cash is and will remain an important part of Australia’s … Read more

Major Afterpay changes, including delayed initial payments and preferred payment day, come into effect

Major changes to Buy Now Pay Later (BNPL) service Afterpay have come into effect. Under its new terms of service, select customers will now have the option to delay their first payment. And all customers will now be able to choose a day of the week to pay their instalment, rather than having the day … Read more

Just weeks to claim $500 annual cash boost available to millions through superannuation co-contribution scheme

Australians have just weeks left to claim a $500 cash boost to their super. To get the cash boost deposited in their super fund after tax time, eligible Australians will need to fork out their own voluntary contributions by the new financial year on July 1. But “there are some strings attached”, UniSuper advice team … Read more

Australians hit with ‘hidden fees’ for using tap-and-go method of payment

The convenience of tapping your card instead of inserting or swiping could be costing Australians up to $1 billion a year in surcharges, with many unaware about the “hidden fees” behind the simple act. Most of us now tap our cards to pay for goods and services without a second thought — the modern way … Read more

‘Retirement may not come’: Investment company Vanguard’s worrying prediction for Aussie workers’ future

Retirement dreams may be drifting further out of reach for Australians, with experts warning we may need to rethink our plans for the golden years. Working mum Jodie Imam is among those who no longer sees herself as heading towards a traditional retirement. WATCH THE VIDEO ABOVE: Aussie workers worried they’ll run out of money … Read more