Business Platinum Card from American Express
130,000 MR points
Are Credit Card Rewards Taxable?
Share this Article
Business Platinum Card from American Express
- Earn 90,000 MR points upon spending $15,000 in the first three months
- Plus, earn 40,000 MR points upon making a purchase in months 14–17 as a cardholder
- And, earn 1.25x MR points on all purchases
- Also, receive a $200 annual travel credit
- Transfer MR points to Aeroplan and other frequent flyer programs for premium flights
- Unlimited airport lounge access for you and one guest at Priority Pass, Plaza Premium, Centurion, and other lounges
- Credits and rebates for business expenses throughout the year with Amex Offers
- Bonus MR points for referring family and friends
- Qualify for the card as a sole proprietor
- Annual fee: $799
4 Comments
Prince of Travel is the leading resource for using frequent flyer miles, credit card points, and loyalty programs to travel the world at a fraction of the price.
Join our Sunday newsletter below to get weekly updates delivered straight to your inbox.
Have a question? Just ask.
Platinum Membership
Our Platinum members get access to a Circle community, exclusive live learning sessions, and in-person gatherings with like-minded travellers.
Top Offers
Latest News
Prince of Travel Elites
Interesting post! What about cashback given from cashback cards, or bank account signup promotions?
Cash back falls into the same category as a discount or rebate, as I understand it.
Meanwhile, I believe bank account bonuses should technically count as income (since it’s not really a discount of any kind), so everyone who got in on the Coast Capital $500 last year should technically be declaring it. However, I’m not aware of any Canadian bank that has issued the equivalent of 1099 forms for the account opening bonuses, so it’s up to every individual to declare.
Great summary. Note that there may be a distinction between a self employed business owner and someone incorporated.
For a self employed person, there aren’t really “business cards” per se. As a matter of accounting simplicity it is preferable to keep separate cards, however the cra doesn’t care where spending goes. As a sole proprietor they’re all personal cards/bank accounts.
However, when someone incorporates, then there is a real legal distinction between the corp and the corp owner, and there are thus more potential issues.
So you are saying that as a sole proprietor, any points accumulated on any card could be used to personal trips?