New Xbox 360 owners, and gamers with an Xbox Live subscription set to expire soon, will definitely want to check this deal out courtesy of Amazon.ca. For a limited time, you can purchase an Xbox Live 12 Month Gold Subscription for $39.99; down from $59.99 and about the lowest promotional pricing for the yearly online gaming pass. We've seen sales for the subscription go on sale at this price before but, if you missed out or know someone who needs one, it doesn't get much better than $40.

Although you can access the internet regularly with the free Xbox Live Silver account, the Gold subscription offers you the following features:

• Unlimited online multi-player gaming
• Access to thousands of HD movies from Netflix (provided you have a Netflix account)
• Weekly Gold-Exclusive discounts
• Early access to content such as free game demos
• Connect with friends through Facebook
• Follow and post tweets on Twitter

For those of you wondering, you will not be able to play online multiplayer without an Xbox Live Gold Subscription; the real reason for actually upgrading from Silver to Gold. At this price, about $3.35 a month, it's a pretty good deal if you have any inclination of playing online with fellow Xbox 360 users.

The deal is live now and ships free.