Applying for the BMO Eclipse Visa Infinite Privilege is a fully online process and relatively straightforward for applicants who meet the bank’s requirements. As a premium credit card, BMO applies a more detailed credit assessment, taking into account income, credit history, and overall financial profile. Step-by-step application process Visit the official BMO websiteNavigate to the page dedicated to the BMO Eclipse Visa Infinite Privilege credit card. Complete the application formYou will be asked to provide personal details, address, annual income, employment status, and basic financial information. Authorize the credit checkBMO will review your credit history to assess eligibility and determine approval. Wait for the decisionIn many cases, approval is provided quickly. If approved, the card will be mailed to your registered address. Activate the card and start using itOnce received, activation can be completed through the BMO mobile app or online banking. General eligibility requirements While exact criteria may vary, this card typically requires: A strong credit score High minimum annual income (standard for Visa Infinite Privilege cards) Canadian residency Legal age to apply Additional documentation may be requested depending…

Canadian savers face a simple yet important choice when deciding where to hold their money: registered accounts or non-registered accounts. Registered accounts are government-recognized vehicles that come with tax rules and incentives tailored to specific goals. Non-registered accounts are the flexible, everyday option with fewer restrictions but no special tax shelter. Understanding the trade offs helps match each account to a financial objective. Product lineup: a quick specification guide Below is a concise list of the common account types and their primary characteristics. RRSP (Registered Retirement Savings Plan): Contributions are tax deductible. Growth is tax deferred. Withdrawals are taxed as income. TFSA (Tax Free Savings Account): Contributions are not deductible. Investment growth and withdrawals are tax free. FHSA (First Home Savings Account): Designed for first time home buyers. Combines tax-deductible contributions with tax-free withdrawals for qualifying home purchases. RESP (Registered Education Savings Plan): Savings vehicle for postsecondary education. Contributions are not deductible. Grants and tax-deferred growth are available; some withdrawals are taxable to the student. RRIF (Registered Retirement Income Fund): A retirement income vehicle converted from an RRSP. Provides regular…