Hi MoneyNerds,

Here’s what we’ve got for you this week:

Also, be sure to take our reader poll and don’t miss the headlines of the week!

Let’s dive in.

Tune in to our Nerdy thoughts on trending convos.

This week’s spicy take: “Keep your inheritance separate from your partner — maybe get a prenup.”

On a thread asking for advice about what to do with $100k inheritance, multiple commenters warned a not-yet-married Reddit user against depositing the inheritance into a joint account. They also said not to use it for joint/household expenses, and not to put it toward a shared home because it could become a shared asset if the relationship ends. One person put it bluntly: buying a home with it means “you’ve just given 50% of your inheritance away,” while another simply said: “I’d advise a prenup.”

🤓 In our Nerdy opinion: An inheritance gives you a rare chance to enhance your financial stability. Treat it as a one-time opportunity, not a windfall to immediately absorb into your current lifestyle. Keep it in an account under your name while you build a plan.

Before using it for a home, a joint purchase or anything involving your partner, speak with a family lawyer in your province. Ask specifically how inherited money is treated if you marry, become common-law, buy a home together or separate later.

That being said, there’s no reason to act like James Bond about it.

A healthy couple can (and should!) talk about an inheritance openly while still prioritizing the inheritor. You could say: “This money came from my family, and I want to be thoughtful about how I use it. I’m going to keep it separate while I get advice and make a plan.” That’s different from secrecy.

The bottom line: There may be a perfectly reasonable future where one person’s inheritance is put toward shared goals. But that should happen intentionally, with legal advice, clear documentation and ideally a written agreement — not just because it seems like marriage is inevitable or because a partner expects access to the money.

Several major Canadian rewards deadlines are approaching. Some require simple housekeeping tasks. Others could meaningfully affect the value of your points.

Here’s what you need to know:

Aeroplan’s updated partner award chart will soon take effect for tickets booked or reissued on or after June 1. Expect targeted price increases, especially in areas where partner redemption costs have surged.

» This is the most important deadline on our list. If you use Aeroplan for partner flights, especially long-haul or premium-cabin redemptions, treat June 1 as a real devaluation deadline.

Rove, a transferable rewards currency that recently added Aeroplan as a 1:1 transfer partner, is offering a 25% bonus on transfers from Rove Miles to Aeroplan points that are completed by 11:59 pm ET on June 6.

Treat this as an Aeroplan top-up opportunity, not a reason to move points without a trip in mind.

» Transfer ASAP if you have Rove Miles and need more Aeroplan points before the award-chart change. After June 1, the bonus may still help with future Aeroplan redemptions, but it won’t help you beat the new chart.

RBC is currently offering a 30% transfer bonus from Avion points to British Airways Club Avios. You must convert at least 10,000 Avion points to qualify.​

» Make the transfer if Avios fit your established travel patterns. Keep your Avion points flexible if Avios are new to you.

If you already use the program, make any final Membership Rewards transfers before the deadline.

You have until June 19 to decide. Etihad Guest isn’t a default option for most Canadians, but it has niche value for premium-cabin or partner redemptions.

» Don’t let FOMO inform your strategy. If you didn’t already care about Etihad Guest rewards, you certainly don’t need to start now.

We demystify the jargon so you never feel out of the loop.

Give it to me in one sentence:
Amortization (pronounced: am-er-tuh-ZAY-shuhn) is the process of paying off a loan, like a mortgage, through scheduled payments that cover both interest and the amount borrowed.

Why should I care?
In Canada, mortgage amortization plays a big role in how much homeownership actually costs over time. A longer amortization period can make monthly payments more affordable, but you’ll pay more interest overall. A shorter amortization period usually means higher payments, but less interest paid and faster progress toward owning your home outright. Understanding amortization can help you compare mortgage options, budget realistically and see how changes to your payment schedule could affect your long-term costs.

Have more questions?
If you’re shopping for a mortgage, ask your lender or mortgage broker to show you an amortization schedule. It breaks down how each payment is split between interest and principal, and shows how much you’ll still owe at different points in your mortgage.

🤓 Nerd out: Explore different amortization scenarios with our mortgage payment calculator.