rbc travel avion

Sign In to Avion Rewards

Sign in with:

If you have a personal credit card or deposit account, you need to enrol in RBC Online Banking to enjoy Avion Rewards. It’s easy and secure.

Redeem your points for gift cards, merchandise, travel and more

All Avion Rewards members can use points to...

Use points to...

Redeem top brands

Use your points for a huge selection of merchandise and gift cards from top brands like Apple, Best Buy and more 1 .

Take that dream vacation

Use your points to book travel, including hotels, flights and package deals.

Donate to charity

Redeem your points wherever they matter most by donating to a charity of your choice.

Avion Premium and Elite members can also use points to...

Make payments online.

Use your points for Interac transfers, credit cards and bill payments and leave more in your wallet.

Save for the future

Use your points to contribute to investments such as mortgages and lines of credit.

See all membership levels and benefits

Join now to get all your personalized offers

Here are just a few examples of offers you’ll find to help you earn and save.

Avion Elite members can travel more for less

Avion Elite members can use fixed points pricing to book deals to top destinations – any airline, any flight, any time.

Do it all with points in the Avion Rewards app

The Avion Rewards app lets you access your account quickly and easily. Use your points for gift cards, merchandise, travel and more. Shop, earn, save and redeem – all in the app.

Download the app

View Legal Disclaimers Hide Legal Disclaimers

How to book a flight with RBC Avion Rewards points

One of the options for redeeming Avion Rewards credit cards is to use your points towards airfare anywhere in the world. Here’s how this works for a fixed-point exchange .

RBC Avion Rewards Points

There are several RBC Avion Rewards credit cards. The one used for this example is the RBC Visa Infinite Avion Card .

With this exceptional offer for the RBC Avion Visa Infinite Card, you can earn up to 55,000 Avion points:

• 35,000 Avion points on approval
• 20,000 Avion bonus points when you spend $5,000 in your first 6 months

This offer expires on April 30, 2024, and will not be renewed. Take advantage of it before it’s too late !

You can use your Avion Rewards points for travel or redeem them with other loyalty programs such as :

• American Airlines AAdvantage
• British Airways Executive Club (and Qatar Airways Privilege Club)
• Cathay Pacific Asia Miles
• WestJet Rewards

For example, with the current welcome offer, you can get 55,000 British Airways Avios Points or 550 WestJet Dollars .

With the RBC Avion Visa Infinite Card, you earn 1 point per dollar and 1.25 points for travel purchases.

And you’ll benefit from a wide range of insurance coverage: Trip Cancellation and Interruption Insurance, Out-of-Province/Country Emergency Medical Insurance, Rental Vehicle Collision/Loss Damage Insurance, Mobile Device Insurance.

RBC Avion Rewards points can be used to travel anywhere in the world with a round-trip ticket. A one-way trip requires half as many Avion points. Here is the airfare table for a round-trip flight:

On average this equals about 2 cents per Avion point .

How to Book an Airline Ticket with RBC Avion Rewards Points

With 35,000 Avion points, I could afford a plane ticket to Canada or the United States.

From your RBC Online Banking profile, click on the blue Avion Rewards button.

Then, on the Trips page, click on Book a Trip .

Avion Rewards acts like a travel agency. Generally, the prices are the same as the ones found on the sites of the carriers and tour operators.

Its search tool allows you to use RBC Avion Rewards points to book :

• A car rental
• Hotel stays
• Or Vacation Packages

After entering your desired dates and destinations, the results will be displayed. On the left, there is a filter for options.

In this example, the non-stop and no change fee options are selected.

35,000 points can be redeemed on a flight costing up to $750.

In this example, I have chosen a higher class. This exceeds the $750, the remaining balance is added to the taxes and fees.

In my case, the same flight cost about $1,000 on the Air Canada website. This equates to 2.14 cents per point , ($750 divided by 35,000 points) which is excellent!

On the checkout page, RBC shows the points required to book this airline ticket. Any remaining point balance can be used to reduce the tax and fee balance.

For example, 90 points were used to lower the balance by 90 cents. The rest is to be paid with a credit card.

Enter the traveler’s information and make the payment.

An email from RBC Avion Rewards will be sent moments later to confirm. A few minutes later (or a few hours for some), the airline will send confirmation in a separate email. All the details will be there, including the reservation number.

How to Manage an Airline Ticket Purchased with RBC Avion Rewards Points

The booked trip can be found in the My Trips section of the RBC Avion Rewards portal. A link redirects you to the airline’s website.

You will be able to link this reservation to your frequent flyer profile. Here I entered my Aeroplan membership number.

Since I had taken the Comfort fare on Air Canada, I was able to choose a Prefered seat at no charge. This must be done directly on the Air Canada website.

Please note that to change or cancel a flight purchased through the RBC Avion Rewards portal, you must call the RBC Travel Centre directly at 1-877-636-2870.

The airline will not be able to do anything on their end and they will refer you to RBC. Any changes have a cost of $25 for each ticket .

There is also the option to chat with a virtual agent on the RBC site in the Help section.

In addition, if you have eUpgrades with Air Canada, you have the option to apply them at check-in 24 hours prior to your flight.

When your flight is completed, points and qualifications are deposited into your account based on the fare booked.

For example, the Comfort rate booked through RBC gave :

• Aeroplan Points

This counts towards your Aeroplan Status .

Here are other ways to use RBC Avion points .

Another way to redeem RBC Avion Rewards points for travel

Occasionally, the Avion Rewards site may experience technical difficulties or your flight may not appear in the search results.

At that time, call Avion Rewards Customer Service at 1-800-769-2512.

• Get an authorization number to book the flight you want (mandatory);
• Book your own flight directly on the desired airline’s website;
• Send an e-mail to [email protected] with your authorization number obtained earlier from Customer Service, your name, the number of tickets reserved, proof of purchase and itinerary details.

Avion Rewards will then deduct the required points from your RBC Rewards points account to credit the cost of your airline tickets, according to their airfare table.

All posts by Caroline Tremblay

Suggested Reading

• How to Choose the Right Credit Card
• How to Apply for a Credit Card
• How to Cancel a Credit Card
• Ways To Pay Off Credit Card Debt
• Why Your Credit Card Was Declined
• How to Get Out of Credit Card Debt
• What to Know About Credit Card Minimum Payments
• What Is a Credit Card and Should You Get One?
• How Do Credit Cards Work in Canada?
• What Are the Different Types of Credit Cards?
• How an International Credit Card Works
• Common Credit Card Terms and Conditions
• Credit Card Fees and Charges

Credit Card Interest Calculator

• First-Time Home Buyer Incentive
• Tax-Free First Home Savings Account
• Home Equity Loan
• How a Reverse Mortgage Works
• Home Equity Line of Credit
• Mortgage Renewal
• Getting a Second Mortgage
• How to Refinance a Mortgage
• How Does Mortgage Interest Work?
• Realtors vs Real Estate Agents vs Brokers
• Is Canada’s Housing Market Crashing?
• Types of Houses in Canada
• First-Time Home Buyer Grants and Assistance Programs
• Types of Mortgages in Canada: Which Is Right for You?
• How Does a Mortgage Work in Canada?

• What Is an Interest Rate?
• Guaranteed Investment Certificate (GIC)
• Savings Account Guide
• Common Canadian Bank Fees and Charges
• Types of Bank Accounts in Canada
• EQ Bank Review
• Simplii Financial Review
• Tangerine Bank Review
• National Bank of Canada Review
• CIBC Review
• Scotiabank Review
• TD Bank Review
• What Is Canadian Investor Protection Fund (CIPF) Coverage?
• How Capital Gains Tax Works
• Investing for Canadian Beginners
• Understanding Asset Classes in Investing
• Understanding Fixed-Income Investments
• How to Invest in Stocks
• What Are T-Bills
• What is a Bond
• What is Registered Disability Savings Plan (RDSP)
• What Are Mutual Funds
• What is an ETF (Exchange Traded Fund)
• What Is Forex Trading
• What Is Cryptocurrency and How Does It Work
• What Is a Stock
• What is Old Age Security and How Does It Work
• What is Registered Retirement Income Funds (RRIFs)
• How a Life Income Fund (LIF) Works for Retirement
• What Is An In-Trust Account
• What Is a Locked-in Retirement Account (LIRA)
• How Much Money You’ll Need To Retire
• Defined Benefit vs. Defined Contribution Pension Plans
• Can Annuities Fund Your Retirement?
• What Is a Personal Loan?
• Personal Loan Insurance: Do You Need It?
• What Is a Secured Personal Loan?
• What Is a Payday Loan?
• What Is a Pawn Loan?
• What Is a Car Title Loan?
• Small Business Loan vs Personal Loan
• Personal Loan vs. Line of Credit
• Personal Line of Credit vs Home Equity Loan:
• Personal Line of Credit vs Car Loan
• HELOC vs Personal Loan
• Debt Consolidation vs Personal Loan
• Cash Advance vs Personal Loan
• Business Loan vs Personal Loan
• Price Matching Tips to Help You Save Big
• How to save for Wedding
• How to Save Money on Groceries
• Ways to Save on Your Next Family Vacation
• Tips to Help You Save On Gas
• How to Save Money in 8 Easy Steps
• Passive Income: What It Is and How to Make It
• Budgeting 101: How to Budget Your Money
• Ways to Make Money Online and Offline in Canada
• How Do Credit Inquiries Work?
• What is the Ideal Credit Utilization Ratio?
• What Credit Score is Needed for a Credit Card?
• How to Get a Better Credit Score
• What is a Good Credit Score in Canada?
• Credit Cards

RBC Avion Visa Infinite Review 2024: Is It Worth It?

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.

RBC Avion Visa Infinite Review 2023: Is It Worth It?

NerdWallet CA

Good for travellers who collect Avion points.

With this card, you can earn one Avion point for every CAD spent, and enjoy perks like 12 months free Doordash deliveries.  Learn more about our star rating methodology.

The RBC Avion Visa Infinite card offers new cardholders up to 55,000 Avion Points. There are no spending categories to keep track of; cardholders earn one Avion point on all purchases and 1.25 points on eligible travel purchases. However, the card’s $60,000 minimum income requirement and $120 annual fee may be high for some applicants.

RBC Avion Visa Infinite

• Annual Fee $120
• Interest Rates 20.99% / 22.99% 20.99% on purchases, 22.99% on cash advances.
• Rewards Rate 1x-1.25x Points Earn 1.25x Avion points on eligible travel-related purchases and 1x on everything else.
• Intro Offer Up to 55,000 Points Get 35,000 Welcome Points on approval and 20,000 bonus points when you spend $5,000 in your first 6 months1. Apply by April 30, 2024.
• Get up to 55,000 Avion points* (a value of up to $1,100†), that’s enough to fly anywhere in North America or the Caribbean!
• Earn 1 Avion point for every dollar you spend* and an extra 25% on eligible travel purchases.
• Avioners can book flights with points on any airline, on any flight, at any time, early or last minute, with no blackout periods or restrictions.
• Avioners earn points that never expire so your points will be waiting for your next adventure.
• Redeem your points for travel and more. Use points for anything from paying bills and paying your card balance to redeeming for Gift Cards and Merchandise at top brands like Apple. The Avion Rewards program gives you the freedom of choice to use your points your way, and helps you make the most as an Avioner.
• Eligible Avion Rewards members can also convert points to other loyalty programs including WestJet dollars, British Airways Avios points and Hudson’s Bay Rewards points.
• Link your RBC card with a Petro-Points membership to instantly save 3₵ per litre on fuel at Petro-Canada stations and earn 20% more Petro-Points and 20% more Avion points.
• Link your RBC card with a Rexall Be Well account and get 50 Be Well points for every $1 spent on eligible products at Rexall. Redeem Be Well points faster for savings in store on eligible purchases where 25,000 Be Well points = $10.
• Get access to RBC offers which provides access to earn points faster at specified brands.
• Extensive insurance including: mobile device insurance, travel insurance (trip cancellation, interruption and emergency medical) and other eligible purchases to protect you and your family.
• Avioners get access to luxury Visa Infinite benefits including first in line for exclusive events, and hotel and dining benefits.
• Avioners no longer need 14-days to book travel using the RBC grid.
• Get $0 delivery fees for 12 months from DoorDash¹⁷ – Add your eligible RBC credit card to your DoorDash account to:
• Get a 12-month complimentary DashPass subscription± – a value of almost $120.
• Enjoy unlimited deliveries with $0 delivery fees on orders of $15 or more when you pay with your eligible RBC credit card.
• Corresponding legal references and product terms are available on the RBC website, which will be available and agreed upon in the customer onboarding process.
• Full review
• Customer ratings
• Eligibility
• How to apply

RBC Avion Visa Infinite vs TD First Class Travel Visa Infinite

• Rating methodology

RBC Avion Visa Infinite full review

The RBC Avion Visa Infinite card is one of six personal credit cards from the Royal Bank of Canada that offers Avion points — a loyalty program specific to RBC. You can spend Avion points on a range of products like flights, electronics, investments and more. The company’s Visa Infinite card is among the more expensive of RBC’s personal Avion credit cards. 

Benefits of the RBC Avion Visa Infinite card

• 35,000 Avion Points upon approval and 20,000 bonus points when you spend $5,000 in your first 6 months. Apply by Apr. 30, 2024.
• No seat restrictions or blackouts when you book travel using Avion points.  
• Free Doordash deliveries for 12 months. (Must activate before Jan. 1, 2024).
• Discounts and additional Avion points available when you rent with Hertz, or link the card to a Petro-Canada card. 

Drawbacks of the RBC Avion Visa Infinite card

• Minimum income requirement of $60,000 ($100,000 for household).
• No airport lounge access. 
• RBC has low Trustpilot and BBB ratings. 

Who should get the RBC Avion Visa Infinite card?

You may want to get the RBC Avion Visa Infinite card if you:

• Want to collect Avion points on all purchases.
• Have a Be Well or Petro-Canada card and want to take advantage of extra discounts. 
• Use Hertz or Doordash and want to take advantage of the card’s free delivery offer and rental car discounts.

Is RBC Avion Visa Infinite worth it?

If you want a card that offers consistent Avion points across all purchases the RBC Avion Visa Infinite may be right for you. However, the high income requirement, lack of airport lounge access and an average earn rate that’s lower than other RBC credit cards may reduce this card’s value for some people. 

Our Nerd’s verdict: A mid-tier travel card with flexible rewards

The RBC Avion Visa Infinite touts itself as a premium travel card, but I’m not sure I agree. Premium cards in this category offer complimentary airport lounge access, annual travel credits and NEXUS fee rebates, to name a few — all of which the RBC Avion Visa Infinite is missing. That said, I think the RBC Avion Visa Infinite Card is a fine choice for Canadians on the hunt for a well-rounded rewards card. You can earn up to 1.25 Avion points per $1 spent, and the card offers fuel discounts at Petro-Canada, Hertz rental discounts and insurance coverage that includes trip cancellation, trip interruption and emergency medical coverage. Overall, the card will appeal to those who want to collect rewards with diverse redemption options and travellers seeking the peace of mind provided by a card with travel insurance.  — Shannon Terrell

RBC customer ratings

• Below average in customer satisfaction: RBC ranks 8 out of 13 in J.D. Power’s 2023 Canada Credit Card Satisfaction Study.
• Low Trustpilot rating: 1.2 out of 5 possible stars based on over 1,000 customer reviews, as of this writing.
• Low Better Business Bureau rating: 1.2 out of 5 possible stars based on over 130 customer reviews, as of this writing. RBC is not accredited by the BBB itself.

RBC Avion Visa Infinite eligibility

Who qualifies for the rbc avion visa infinite card.

To qualify for the RBC Avion Visa Infinite card, you must earn a gross income of at least $60,000 ($100,000 per household) or have a minimum of $250,000 investable assets. 

In general, you must be at least the age of majority and a resident of Canada to qualify, unless otherwise stated by the card issuer. 

Approximate credit score needed for approval

Canadian credit card issuers rarely disclose required credit scores, which makes it hard to know your chances of approval when comparing credit cards. What we do know is that higher scores have better chances of approval — that’s true no matter what type of credit you’re applying for. Want to learn more? Visit our “ What Credit Score is Needed for a Credit Card? ” page.

» MORE: How to Check Your Credit Score

RBC Avion Visa Infinite rewards

Earn 35,000 Avion points when you’re approved for the RBC Avion Visa Infinite card and 20,000 bonus points when you spend $5,000 in your first 6 months (must apply by April 30, 2024).

You could save up to $1,100 on flights. The card’s 35,000 welcome points can be used to purchase a long-haul return flight to eligible destinations with a maximum ticket price of $1,100.

• Earn 1 Avion point for every CAD spent on all purchases. 
• Earn 1.25x Avion points on eligible travel purchases. 
• Earn 1.20x Avion points on eligible Petro-Canada purchases. 
• Earn 3x Avion points on eligible Hertz purchases. 

How to apply for the RBC Avion Visa Infinite card

• Click the Apply Now and then the Get Started buttons on the RBC Avion Visa Infinite web page.
• Confirm if you are an existing RBC customer or not. Sign in if you are an existing customer for a faster application process. 
• If you are not an existing member, review the card’s terms and conditions and click Continue. 
• Enter your personal details, such as full name, email, date of birth and address.
• Enter any employment or financial information requested. 
• Review and submit your application.

Both cards have similar income requirements, but have different loyalty programs and earn rates.

Reasons you might want a different card

If you’re looking for a rewards card outside of the Avion points program, that has higher earn rates and offers airport lounge access, you may want to look elsewhere. 

RBC Avion Visa Infinite facts

Rating methodology.

NerdWallet Canada rates credit cards according to overall consumer value and their suitability for specific kinds of consumers. Factors in  our evaluation methodology  include annual and other fees, rewards rates, the earning structure (for example, flat-rate rewards versus bonus categories), redemption options, bonus offers for new cardholders, introductory and ongoing APRs, and other noteworthy features such as airline or hotel perks or the ability to transfer points.

Frequently asked questions about RBC Avion Visa Infinite

No. RBC Avion Visa Infinite does not offer access to airport lounges. The bank’s higher-tiered card (RBC Avion Visa Infinite Privilege) does offer lounge access.

You must have a minimum gross income of $60,000 ($100,000 for the household) or at least $250,000 of investable assets to be eligible for this card.

About the Author

Georgia Rose is a lead writer on the international team at NerdWallet. Her work has been featured in The Washington Post, The New York Times, The Independent and The Associated…

23 Best Credit Cards in Canada for April 2024

NerdWallet Canada’s picks for the best credit cards include top contenders across numerous card categories. Compare these options to find the ideal card for you.

Interest charges don’t need to be a mystery. Use our credit card interest calculator to see how much interest you’d owe if you carry a credit card balance.

Best RBC Credit Cards in Canada

The best RBC credit card options in Canada include several co-branded cards that are especially popular among those looking to earn travel rewards.

25 Best Rewards Credit Cards in Canada for April 2024

Compare the best rewards credit cards in Canada across numerous rewards categories, including travel, cash back and more, to find the ideal card for your spending preferences.

• Book Travel
• Credit Cards

RBC® Avion Visa Infinite†

Best offer is available until April 30, 2024

Signup bonus:, annual fee:, interest rates:, earning rate:.

The RBC ® Avion Visa Infinite † is RBC ® ‘s flagship product, and currently offers a record-high welcome bonus with a lengthy time window to meet the minimum spending requirement.

Bonuses & Fees

This card is currently offering a promotional welcome bonus of up to 55,000 RBC Avion points † for new cardholders, which are awarded as follows:

• Earn 35,000 Avion points upon approval †
• Earn 20,000 Avion points upon spending $5,000 in the first six months †

The card has an annual fee of $120 † . If you have an RBC ® VIP Banking Account , you’ll be able to get a fee waiver on one of RBC ® ‘s premium credit cards, including this one.

You have until April 30, 2024 to apply for this offer.

Earning Rewards

The RBC ® Avion Visa Infinite † offers the following earning rates:

• 1.25 RBC Avion points per dollar spent † on qualifying travel purchases
• 1 RBC Avion point per dollar spent † on all other qualifying purchases

Redeeming Rewards

There are a variety of ways to redeem RBC Avion points for a high value.

As a transferable currency, RBC Avion points can be converted into British Airways Executive Club† and Cathay Pacific Asia Miles† at a 1:1 ratio, WestJet Rewards† at a 100:1 ratio, as well as American Airlines AAdvantage† at a 1:0.7 ratio.

Avios, Asia Miles, and AAdvantage will all provide a means to book business class and First Class flights on Oneworld airlines, which will be by far the best value for your Avion points if you’re interested in travelling internationally in style.

Look out for 10–50% transfer bonuses to these partners too, which can boost the value of your points even further.

These can be some of highest value uses of RBC Avion points. If you signed up via the current offer for 55,000 Avion points, for example, and transferred the points over to Avios during a 30% promotion, you’d get 71,500 Avios — good for a number of short-haul flights, a one-way flight in Qatar Airways Qsuites from North America to Doha, or enough to make solid progress towards a multi-carrier ticket .

You can also redeem via the Air Travel Redemption Schedule † , which lets you use Avion points to book round-trip economy class tickets departing from Canada, up to a certain maximum ticket price. As a baseline, you can also apply Avion points to any travel purchase at a rate of 1 cent per point † .

Perks & Benefits

The RBC ® Avion Visa Infinite † includes a host of interesting benefits, including 12 months of free DashPass from DoorDash as part of the wider partnership between RBC and DoorDash † .

It also includes a 3¢/L saving on fuel at Petro-Canada † , along with earning 20% more Petro-Points and RBC Avion points upon using your card to pay † .

Furthermore, RBC Avion cardholders can save 20% at Hertz † , as well as earn 2x the points if using your card † .

Finally, you can earn 50 Be Well points for every $1 spent on eligible products at Rexall † , as well as an improved redeeming ratio of 25,000 Be Well points = $10.

Insurance Coverage

The RBC ® Avion Visa Infinite † comes with pretty strong protection, as would be expected for a premium credit card:

Emergency medical insurance † for the first 15 days of any out-of-province trips for travellers under the age of 65 or the first three days for those 65 and up

Travel accident insurance † , covering death or dismemberment, of up to $500,000

Car rental collision/loss damage insurance † , which allows you to save on the daily insurance charged by car rental companies for vehicles up to a MSRP of $65,000

Trip cancellation insurance † of up to $5,000 and trip interruption insurance † of up to $25,000

Flight delay insurance † of up to $500 for reasonable expenses incurred

There’s also a very compelling purchase protection scheme †  in place that will reimburse you for accidentally lost or damaged personal property within 90 days of purchase, up to a maximum of $50,000 per year, as well as an extended warranty †  feature that automatically doubles the original manufacturer’s warranty.

Overall, the insurance on this card is on par with other premium cards in the market, making it a solid option for any big purchases.

Historical Offers

Legal disclaimers.

† Terms and conditions apply. Refer to the RBC website for up-to-date offer terms and conditions.

† This website contains affiliate links. Please read our disclaimer for more info.

As a Visa Infinite product, this credit card has a minimum personal annual income requirement of $60,000 or a minimum household income of $100,000 to be eligible. Refer to RBC® page for up to date offer terms and conditions.

Credit Cards

Investments

Accounts Overview

RBC Vantage

Explore Account Types

Chequing Accounts

Cross-Border Banking

Savings Account

Youth and Student Banking

Earn More with RBC

Value Program

Chequing Products

Advantage Banking

Advantage Banking for Students

Day to Day Banking

Signature No Limit Banking

VIP Banking

US Personal Banking

Savings Products

High Interest eSavings

Enhanced Savings

Day to Day Savings

Leo’s Young Savers Account

Tools & Resources

Account Selector Tool

Compare Chequing Accounts

Compare Saving Accounts

Customer Service

Managing Your Bank Account

Wire Transfer

International Money Transfer

Virtual Visa Debit

Direct Deposit

Additional Account Services

Credit Cards Overview

View All Credit Cards

Travel Cards

Rewards Cards

Cash Back Cards

Low Interest Cards

No Annual Fee Cards

Student Cards

Business Cards

Help me Choose a Credit Card

Company Credit Cards

Credit Card Cash Back Calculator

Frequently Asked Questions

Cards Advice: How Do I…

Improve my credit score

Reduce my credit card interest

Pay my credit card bill

Manage expenses with credit cards

Protect from credit card fraud

I’m a Cardholder

Activate My Card

Cardholder Resources

Report Lost or Stolen Credit Card

Add an Additional User

Benefit Guides and Insurance Documents

Optional Add-On Services

Mortgages Overview

Mortgage Rates

Mortgage Products

Manage Your Mortgage

Special Mortgage Offers

Connect with a Mortgage Specialist

Get Pre-Qualified in 60 Seconds

Your Next Move

Buy Your First Home

Buying Your Next Home

Renovate Your Home

Buying an Investment Property

Buying a Vacation Home

Renew Your Mortgage

Switch Your Mortgage to RBC

Refinance Your Mortgage

Mortgage Payment Calculator

Home Value Estimator

Neighbourhood Explorer

Rent or Buy Calculator

All Mortgage Tools & Calculators

RBC Homebuyer Advantage

Personal Loans

Loans Overview

Lines of Credit

Student Lines of Credit

Home Improvement Loans

Car Loans & Vehicle Solutions

Car Loans Overview

Car Loans Through a Dealer

Loans for Electric Vehicles

Financing Your Boat or RV

Business Vehicle Solutions

Buying Your First Vehicle

Buying Your Next Vehicle

Managing Your Car Loan

Car Loan Prequalify Calculator

Tools & Calculators

My Auto Affordability Tool

Car Loan Calculator

RV & Marine Locator

Loan Payment Calculator

Debt Consolidation Calculator

Compare Lines of Credit & Loans

Pay Down Debt & Improve Cash Flow

Loan Calculators

Savings and Investments Overview

Popular Accounts & Products 1

Tax-Free Savings – TFSA

Retirement Savings – RRSP

First Home Savings – FHSA

Education Savings – RESP

Guaranteed Investment Certificate – GICs

Mutual Funds

Exchange-Traded Funds – ETFs

Stocks and Bonds (RBC Direct Investing)

ESG Investing

All Investments Accounts and Products

Ways to Invest

With Access to an Advisor

Low-Efffort, Automatic Investing (RBC InvestEase)

Trade and Invest Yourself (RBC Direct Investing)

Purchase Investments

Advice and Planning

How to Save and Invest Guides

Retirement Planning

Financial Planning (RBC Financial Planning)

Customized Wealth Planning (RBC Wealth Management)

Resources and Tools

All Investment Tools & Calculators

TFSA Calculator

RRSP Calculator

GIC Selector

Compare GICs

Retirement Budget Calculator

1 Products and services may be offered by Royal Bank of Canada or by a separate corporate entity affiliated with Royal Bank of Canada, including but not limited to Royal Mutual Funds Inc., RBC Direct Investing Inc. (Member–Canadian Investor Protection Fund), RBC InvestEase Inc., RBC Global Asset Management Inc., Royal Trust Company or The Royal Trust Corporation of Canada

Insurance Overview

Creditor Insurance

Creditor Insurance Overview

HomeProtector Insurance

LoanProtector Insurance

BalanceProtector Insurance

Travel Insurance

Travel Insurance Overview

Travel Insurance Packages

Travel Medical Insurance

Trip Cancellation and Interruption Insurance

Get a Quote

Creditor Protection Selector

HomeProtector Insurance Quote

LoanProtector Insurance Quote

Make a Travel Insurance Claim

Ways to Bank

Student Solutions

Beyond Banking

Sustainable Finance Solutions

Ways to Bank Overview

Online Banking

ATM, Branch, & Telephone Banking

RBC Digital Banking Security Guarantee

Mobile Banking apps

Avion Rewards

Pay with Your Mobile Device

Learn How To…

Reset Your Password

View or Print a Void Cheque

Add or Remove a Payee

Set up Direct Deposit

Transfer Money Between Accounts

View or Print Your Tax Documents

View All Tutorials

Newcomers Overview

The RBC Newcomer Advantage

Advice by Visa Status

Permanent Resident

International Student

Business Owner/Entrepreneur

Foreign Worker

What Our Partners Can Offer You

How Banking Works in Canada

Building a Credit History in Canada

Buying Your First Home in Canada Checklist

Buying Your First Car in Canada Checklist

Retirement Overview

I’m Saving and Planning

I’m Getting Close

I am Already Retired

Retirement FAQ

Tools and Resources

Test Your Retirement Knowledge

Will and Estate Planning

What is CPP and QPP?

Tailored Products & Offers

Retirement Income Fund – RRIF

Student Hub

Student Bank Accounts

Student Credit Cards

Student Loans

Popular Accounts

RBC Advantage Banking for Students

RBC High Interest eSavings

RBC Leo’s Young Savers Account

Build Your Career

Future Launch

Gain New Skills

Grow Your Network

Work Experience

Personal Beyond Banking

Business Beyond Banking

Arrive: For Newcomers to Canada

Learn More About Arrive

Sustainable Finance Solutions Overview

Switch to Electronic Statements

Savings & Investments

Travel & Commuting

Electric Car Financing

Electric Car Cost Calculator

Electric Car Guide

Electric Car Rebates

Home Energy Rebates

Rewards Overview

Avion Rewards Credit Cards

Pay with Points

RBC Petro-Canada

Rewards Credit Cards

Popular Rewards Cards

RBC Avion Visa Infinite

RBC ION Visa

RBC Avion Visa Infinite Privilege

RBC ION+ Visa

What’s New

View Offers

#LifeMatters: Bryan Baeumler on Choosing a Path Less Travelled

• My Money Matters

Struggling to Make Ends Meet

Managing and Consolidating Debt

Managing Expenses

Improving Your Credit Score

Unexpected Events

Loss of Income

Handling Financial Stress

Money in an Emergency

Personal Bankruptcy

Business Bankruptcy

Consumer Proposals

Need Financial Help?

Book an Appointment

1 800 769-2511

Buying a Home

Buying your First Home

Buying your Next Home

Investment Property and Vacation Home

Home Building and Renovations

Refinancing and Downsizing

Buying a Vehicle

Finding the Right Car

Financing Your Car

Travel and Cross-Border

Planning for a Big Trip

Buying or Refinancing a US property

Travelling and Shopping in the US

Studying in the US

Living in the US

School and Career

Going to College or University

Finding a Job

Continuing Education

Medical or Dental Students

Planning for Retirement

Living in Retirement

Family Events

Death of a family member

New to Canada

Settling in Canada

Employment in Canada

Banking in Canada

Studying in Canada

Starting a Business in Canada

Settling into your new life in Canada can be hard. Talk to an RBC Newcomer Advisor

Banking Basics

Account Types

Banking Tips

Money Mindset

Credit and Borrowing

Understanding Loans

Understanding Credit Scores

Understanding Credit Cards

Types of Investments

Understanding Risk

Investing Basics

Cyber Security

Understanding Cyber Safety

Cyber Security for Business

Economics 101

Economics for Beginners

Understanding Inflation

Understanding Interest Rates

Climate Change

Business Stages

Start a Business

Grow Your Business

Transition Your Business

Managing Your Business

Business Planning

Business Financing & Funding

Cash Flow Management & Financials

Making & Receiving Payments

Get Inspired

Business Success Stories

Right-Sized Business Advice

Small Business

Solo Entrepreneur

Ideas & Voices

Go To Grandma with Kathy Buckworth

Real Life Stories of Cyber Crime

Take 2 Minutes

The Wealthy Barber

Inspired Investor

Ideas & Motivation

Investing Academy

Smart Savings

What’s your money mindset?

Finance, Fitness and your Future

• Institutional
• Global Asset Management
• Capital Markets
• Investor Services
• Find a Branch
• Call 1-800-769-2511
• English (Canada)
• Français (Canada)

Federal Budget 2024: What are the proposed capital gains tax changes and how might they affect me?

By Diane Amato

Share this:

Published April 19, 2024 • 4 Min Read

Canada’s recently unveiled 2024 budget proposes to adjust the capital gains inclusion rate. What does this mean for investors and taxpayers? Read on to find out how these changes might affect you.

When you sell an asset or investment for more than it cost you, you have a capital gain

Today, 50% of capital gains are taxable for all individuals and businesses

As of June 25, the capital gains tax inclusion rate is set to increase from 50% to 66.67%  for all capital gains realized by corporations and trusts, and for capital gains over $250,000 realized by individuals

What are capital gains?

When you sell an asset or investment for more than you paid for it, that difference is your capital gain. For example, say you bought a cottage for $400,000 and two years later, sold it for $500,000. You have a capital gain of $100,000. On the flip side, when you sell an asset for less than you bought it for, you have a capital loss.

You can realize capital gains and losses on several types of investments and property, including stocks, bonds, shares in mutual funds, rental properties, cottages, even business equipment. Capital gains and losses do not apply to your primary residence.

What is capital gains tax?

In Canada, capital gains are taxable. How much tax you pay depends on a few factors. That’s because the value of a capital gain is treated as income during the year in which you realized it – in other words, in the year you sold your investment or property. But it’s not the full value of the gain that gets taxed – rather it’s only a portion.

The capital gains tax inclusion rate – today and tomorrow

Today, only 50% of the capital gain is taxable (this is known as the capital gains tax inclusion rate). This means that $50,000 of the $100,000 earned from the sale of the cottage in our example is added as income for that tax year.

Here’s an example:

Your regular income, earned from your full-time job, is $75,000

You make a $100,000 profit from the sale of your cottage (after you pay real estate fees, closing costs, etc.)

50% of the profit is taxable, which means you add $50,000 to your income during the tax year in which you realized this capital gain

$75,000 + $50,000 = a total income for that tax year of $125,000

The amount of tax you ultimately pay in that year will depend on your tax bracket and its marginal tax rate.

If this budget is passed, the capital gains tax inclusion rate is set to change. The federal government’s 2024 budget proposes a few modifications to how capital gains are taxed. Here’s a rundown of the changes:

For all corporations and trusts , the capital gains tax inclusion rate will increase to 66.67% – up from 50%.

For individuals with gains over $250,000 , the capital gains tax inclusion rate will increase to 66.67% – up from 50%.

For individuals with gains under $250,000 , the capital gains tax inclusion rate will stay the same, 50%.

Who will the changes affect?

The adjustments will affect all corporations and trusts regardless of value, as well as individuals with capital gains of $250,000 or more.  

Capital gains tax does not apply to your primary residence, so you these changes could affect you if:

You sell a secondary property – such as a cottage, rental or investment property – and earn more than $250,000 in profit from that sale.

You sell investments for a value of $250,000 more than the original purchase price.

When will the changes take effect?

If adopted, the changes will take effect on June 25, 2024.

The federal government estimates that 28.5 million Canadians will not have any capital gains income next year, while three million others will fall below the $250,000 annual threshold, suggesting that these changes will not have an impact on the majority of Canadians.

If you believe they will affect you and your finances, it may be worth speaking with a qualified tax advisor and financial planner to learn strategies to reduce the impact of capital gains taxes and the proposed increased inclusion rate.

Things our lawyers want you to know Things our lawyers want you to know

This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.

Share This Article

Read This Next

Claudia Looi

Touring the Top 10 Moscow Metro Stations

By Claudia Looi 2 Comments

Komsomolskaya metro station looks like a museum. It has vaulted ceilings and baroque decor.

Hidden underground, in the heart of Moscow, are historical and architectural treasures of Russia. These are Soviet-era creations – the metro stations of Moscow.

Our guide Maria introduced these elaborate metro stations as “the palaces for the people.” Built between 1937 and 1955, each station holds its own history and stories. Stalin had the idea of building beautiful underground spaces that the masses could enjoy. They would look like museums, art centers, concert halls, palaces and churches. Each would have a different theme. None would be alike.

The two-hour private tour was with a former Intourist tour guide named Maria. Maria lived in Moscow all her life and through the communist era of 60s to 90s. She has been a tour guide for more than 30 years. Being in her 60s, she moved rather quickly for her age. We traveled and crammed with Maria and other Muscovites on the metro to visit 10 different metro stations.

Arrow showing the direction of metro line 1 and 2

Moscow subways are very clean

To Maria, every street, metro and building told a story. I couldn’t keep up with her stories. I don’t remember most of what she said because I was just thrilled being in Moscow.   Added to that, she spilled out so many Russian words and names, which to one who can’t read Cyrillic, sounded so foreign and could be easily forgotten.

The metro tour was the first part of our all day tour of Moscow with Maria. Here are the stations we visited:

1. Komsomolskaya Metro Station  is the most beautiful of them all. Painted yellow and decorated with chandeliers, gold leaves and semi precious stones, the station looks like a stately museum. And possibly decorated like a palace. I saw Komsomolskaya first, before the rest of the stations upon arrival in Moscow by train from St. Petersburg.

2. Revolution Square Metro Station (Ploshchad Revolyutsii) has marble arches and 72 bronze sculptures designed by Alexey Dushkin. The marble arches are flanked by the bronze sculptures. If you look closely you will see passersby touching the bronze dog's nose. Legend has it that good luck comes to those who touch the dog's nose.

Touch the dog's nose for good luck. At the Revolution Square station

Revolution Square Metro Station

3. Arbatskaya Metro Station served as a shelter during the Soviet-era. It is one of the largest and the deepest metro stations in Moscow.

Arbatskaya Metro Station

4. Biblioteka Imeni Lenina Metro Station was built in 1935 and named after the Russian State Library. It is located near the library and has a big mosaic portrait of Lenin and yellow ceramic tiles on the track walls.

Lenin's portrait at the Biblioteka Imeni Lenina Metro Station

5. Kievskaya Metro Station was one of the first to be completed in Moscow. Named after the capital city of Ukraine by Kiev-born, Nikita Khruschev, Stalin's successor.

Kievskaya Metro Station

6. Novoslobodskaya Metro Station  was built in 1952. It has 32 stained glass murals with brass borders.

Novoslobodskaya metro station

7. Kurskaya Metro Station was one of the first few to be built in Moscow in 1938. It has ceiling panels and artwork showing Soviet leadership, Soviet lifestyle and political power. It has a dome with patriotic slogans decorated with red stars representing the Soviet's World War II Hall of Fame. Kurskaya Metro Station is a must-visit station in Moscow.

Ceiling panel and artworks at Kurskaya Metro Station

8. Mayakovskaya Metro Station built in 1938. It was named after Russian poet Vladmir Mayakovsky. This is one of the most beautiful metro stations in the world with 34 mosaics painted by Alexander Deyneka.

Mayakovskaya station

One of the over 30 ceiling mosaics in Mayakovskaya metro station

9. Belorusskaya Metro Station is named after the people of Belarus. In the picture below, there are statues of 3 members of the Partisan Resistance in Belarus during World War II. The statues were sculpted by Sergei Orlov, S. Rabinovich and I. Slonim.

10. Teatralnaya Metro Station (Theatre Metro Station) is located near the Bolshoi Theatre.

Teatralnaya Metro Station decorated with porcelain figures .

Taking the metro's escalator at the end of the tour with Maria the tour guide.

Have you visited the Moscow Metro? Leave your comment below.

January 15, 2017 at 8:17 am

An excellent read! Thanks for much for sharing the Russian metro system with us. We're heading to Moscow in April and exploring the metro stations were on our list and after reading your post, I'm even more excited to go visit them. Thanks again 🙂

December 6, 2017 at 10:45 pm

Hi, do you remember which tour company you contacted for this tour?

Leave a Reply Cancel reply

You must be logged in to post a comment.

Please go to the Instagram Feed settings page to create a feed.

Strange Glow Over Moscow Skies Triggers Panic as Explosions Reported

B right flashes lit up the night sky in southern Moscow in the early hours of Thursday morning, new footage appears to show, following reports of an explosion at an electrical substation on the outskirts of the city.

Video snippets circulating on Russian-language Telegram channels show a series of flashes on the horizon of a cloudy night sky, momentarily turning the sky a number of different colors. In a clip shared by Russian outlet MSK1.ru, smoke can be seen rising from a building during the flashes lighting up the scene.

Newsweek was unable to independently verify the details of the video clips, including when and where it was filmed. The Russian Ministry of Emergency situations has been contacted via email.

Several Russian Telegram accounts said early on Thursday that residents of southern Moscow reported an explosion and a fire breaking out at an electrical substation in the Leninsky district, southeast of central Moscow.

Local authorities in the Leninsky district told Russian outlet RBC that the explosion had happened in the village of Molokovo. "All vital facilities are operating as normal," Leninsky district officials told the outlet.

The incident at the substation in Molokovo took place just before 2 a.m. local time, MSK1.ru reported.

Messages published by the ASTRA Telegram account, run by independent Russian journalists, appear to show residents close to the substation panicking as they question the bright flashes in the sky. One local resident describes seeing the bright light before losing access to electricity, with another calling the incident a "nightmare."

More than 10 villages and towns in the southeast of Moscow lost access to electricity, the ASTRA Telegram account also reported. The town of Lytkarino to the southeast of Moscow, lost electricity, wrote the eastern European-based independent outlet, Meduza.

Outages were reported in the southern Domodedovo area of the city, according to another Russian outlet, as well as power failures in western Moscow. Electricity was then restored to the areas, the Strana.ua outlet reported.

The cause of the reported explosion is not known. A Telegram account aggregating news for the Lytkarino area described the incident as "an ordinary accident at a substation."

The MSK1.ru outlet quoted a local resident who speculated that a drone may have been responsible for the explosion, but no other Russian source reported this as a possible cause.

Ukraine has repeatedly targeted Moscow with long-range aerial drones in recent months, including a dramatic wave of strikes in late May.

On Sunday, Moscow Mayor Sergei Sobyanin said the region's air defense systems had intercepted an aerial drone over the city of Elektrostal, to the east of Moscow. No damage or casualties were reported, he said.

The previous day, Russian air defenses detected and shot down another drone flying over the Bogorodsky district, northeast of central Moscow, Sobyanin said.

There is currently no evidence that an aerial drone was responsible for the reported overnight explosion at the electrical substation in southern Moscow.

Related Articles

• Russian Soldier Bashes Drone With Shovel After Detonation Failure: Video
• Russia Headed for Disappointment in Battles Along Dnieper River: UK
• Ukraine's Military Receives Good News From Multiple NATO Allies

Start your unlimited Newsweek trial