How to go about securing the best policy for your insurance in Canada.
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Auto loans for newcomers—questions to ask when buying your first car in Canada Dec 22nd
Buying a car in Canada can be a daunting task for newcomers to the country, facing unique challenges like a lack of credit history, an unfamiliar selection of vehicles, new regulations, and new financing and insurance options. Below, we’ll dive into the important steps, tips and pitfalls to help n.... More »
Bring back the $10,000 TFSA + MORE Oct 6th
Federal Finance Minister Bill Morneau, left, with Prime Minister Justin Trudeau (Jake Wright/CP)
For those who pay attention to what politicians are up to on taxes, consider that since 2015, the focus has mostly been on raising them. From Atlantic Canada to Alberta, British Columbia and federally, .... More »
Feds post deficit of $8.4B through first 10 months of ’17 18: estimate + MORE Apr 1st
OTTAWA _ A preliminary analysis of the federal books says the government ran a budgetary deficit of $8.4 billion through the first 10 months of the fiscal year, compared with a shortfall of $12.8 billion for the same period last year.
The Finance Department’s latest monthly fiscal monitor show.... More »
10 travel insurance myths to stop believing now + MORE Feb 23rd
Travel insurance can be tough to understand, and if you’re not reading the fine print, you could be relying on inaccurate myths to inform your coverage decisions. Luckily, InsurEye, a Canadian insurance education site has compiled a massive list of 111 insurance myths that are out there. We’.... More »
The best travel insurance credit cards in Canada for 2025 Jan 11th
Many Canadian credit cards come with built-in travel insurance benefits, such as emergency medical coverage, trip cancellation protection and flight delay compensation, which can save travellers from unexpected out-of-pocket expenses. Our list of the best travel insurance credit cards come with thes.... More »
Urbancorp reminds us that our investments are at risk
– moneysense.ca
Want to know why our grandparents hid money in their mattress? Because prior to 1967 any money saved was at risk. If a bank failed, those savings were gone. Wiped out. A big, fat zero. For them, it felt safer to tuck the bills into a hidey-hole and hope for the best.
But the feds realized this wasn’t a great strategy if they wanted to grow the nation’s economy. As a result, they created a Crown corporation: the Canadian Deposit Insurance Corporation (CDIC), with a mandate to protect all eligible deposits made by Canadians. (See more on this below under “What CDIC does.”)
Still, the line between what’s a saving and what’s an investment can become blurred—just ask the thousands of disappointed Urbancorp buyers, who watched virtually all their money disappear when the real estate developer declared bankruptcy earlier this year.
While these same buyers are currently fighting to get official representation at the company’s bankruptcy hearing, the question that’s left unanswered is whether a real estate purchase is an investment, a form of saving, or a human right?
What buyers can learn from the Urbancorp collapse »
What CDIC does
As a crown corporation, the CDIC contributes to the stability of the Canadian financial system by covering the potential loss of savings that are deposited at member institutions…
But the feds realized this wasn’t a great strategy if they wanted to grow the nation’s economy. As a result, they created a Crown corporation: the Canadian Deposit Insurance Corporation (CDIC), with a mandate to protect all eligible deposits made by Canadians. (See more on this below under “What CDIC does.”)
Still, the line between what’s a saving and what’s an investment can become blurred—just ask the thousands of disappointed Urbancorp buyers, who watched virtually all their money disappear when the real estate developer declared bankruptcy earlier this year.
While these same buyers are currently fighting to get official representation at the company’s bankruptcy hearing, the question that’s left unanswered is whether a real estate purchase is an investment, a form of saving, or a human right?
What buyers can learn from the Urbancorp collapse »
What CDIC does
As a crown corporation, the CDIC contributes to the stability of the Canadian financial system by covering the potential loss of savings that are deposited at member institutions…
