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@resjudicata But if you only earn 1.25% rewards instead of 1.5%, how are you ever going to save up for retirement?

@jorge20alarcon That's not how that works. Income is earned when you are paid, in this case with a cheque, not when you deposit the cheque.

@jorge20alarcon Legally, a cheque never expires but that doesn't translate into it being always payable. Payments Canada rules state that a cheque is stale-dated after 6 months. Either or both. The bank where the deposit is made (called the "negotiating institution") can refuse to negotiate...