Insurance policy getting you down? There are always sound insurance alternatives.
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CMHC tightens mortgage rules in latest response to COVID-19 + MORE Jun 12th
On June 4, 2020, the Canadian Mortgage and Housing Corporation (CMHC) announced changes to the eligibility rules for mortgage insurance, in the agency’s latest response to the COVID-19 pandemic.
The new rules will lower the amount of debt an applicant for an insured mortgage can carry, set a hig.... More »
Consumer-first finance: How USDC Rewards are changing the game Nov 20th
While traditional savings accounts offer minimal returns, cryptocurrency platforms are presenting Canadians with new options for their cash. Coinbase’s latest offering—3.85% rewards* on USDC balances—highlights a growing shift in how people think about storing and growing their money.
T.... More »
American Express Cobalt review + MORE Dec 15th
If you know you want an American Express credit card, you’ve probably been referred to the Cobalt credit card. The Cobalt combines high earn rates for everyday purchases with a great insurance package and the ability to put points towards travel for high value. In this American Express Cobalt revi.... More »
Employee Benefits vs Individual Health Insurance Plans + MORE Jan 30th
In this article we examine what the phrase "health insurance" actually means. We first highlight the difference between government-managed healthcare systems and private health insurance. We then compare and contrast the two types of health insurance available to Canadians: employee benefits and ind.... More »
RRIF and LIF withdrawal rates: Everything you need to know Jun 25th
At some point, a registered retirement savings plan (RRSP) is typically converted to a registered retirement income fund (RRIF). The latest you can defer the conversion of your RRSP to a RRIF is the end of the year you turn 71. This means that by December 31 of your 71st year, you need to either wit.... More »
A federal think-tank argues that workplace benefits such as maternity leave and employment insurance have less relevance to “virtual workers” who do temporary contract jobs online. Virtual workers also face downward pressure on wages as they compete globally.
Packing travel insurance on vacation
– canadianbusiness.com
Summer travel season is in full swing. As you ponder where to go and what to pack, you may also be considering travel insurance.
The U.S. Travel Insurance Association, an industry group, estimates Americans spent over $2.2 billion in 2014 on all types of travel protection.
While popular with some travellers, it isn’t always necessary, so we talked to experts about when you might (and might not) need it.
WHAT IT IS: Travel insurance is designed to help protect you from financial losses related to your trip, such as the cost of cancelling a vacation because of a death in the family or being airlifted off a mountain because of a skiing accident.
According to the Insurance Information Institute, travel insurance breaks down to three basic types: medical, assistance and trip cancellation, interruption or delay coverage.
The cost is based on the age of the traveller, type of coverage and cost of trip but generally costs about 5 to 7 per cent of the total, according to the institute. A “Cancel for Any Reason” type of policy, which is more comprehensive than a standard policy, usually costs more…
The U.S. Travel Insurance Association, an industry group, estimates Americans spent over $2.2 billion in 2014 on all types of travel protection.
While popular with some travellers, it isn’t always necessary, so we talked to experts about when you might (and might not) need it.
WHAT IT IS: Travel insurance is designed to help protect you from financial losses related to your trip, such as the cost of cancelling a vacation because of a death in the family or being airlifted off a mountain because of a skiing accident.
According to the Insurance Information Institute, travel insurance breaks down to three basic types: medical, assistance and trip cancellation, interruption or delay coverage.
The cost is based on the age of the traveller, type of coverage and cost of trip but generally costs about 5 to 7 per cent of the total, according to the institute. A “Cancel for Any Reason” type of policy, which is more comprehensive than a standard policy, usually costs more…
