All about Canadian insurance. Learn the ins and outs and get the latest news.
Latest News
These are the most expensive postal codes for auto insurance in the city. Here’s how you can save if you live in one + MORE Mar 16th
The City of Toronto came in as the seventh most expensive city in the province for auto insurance, with the most expensive postal codes — M3N and M9M — in Humber River-Black Creek..... More »
Canada’s best no-fee credit cards 2022 Nov 4th
Some of the best things in life are free—so why should you expect any different from your credit card? Canada has an impressive array of no-fee credit cards that don’t charge cardholders an annual fee, while also delivering respectable rewards like cash back and travel points. Many of these no-f.... More »
The problem with involving the PBO in elections Apr 12th
Parliamentary Budget Officer Jean-Denis Frechette waits to appear before the Commons infrastructure committee, Tuesday, February 21, 2017 in Ottawa. (Adrian Wyld/CP)
Yesterday, the Government of Canada tabled legislation to implement Budget 2017. These Budget Implementation Acts (often 2 are neede.... More »
Top financial innovations of the last 25 years Feb 29th
To mark MoneySense’s 25th anniversary, we dove into the top innovations that have changed personal finance since this magazine was founded in 1999. From new registered accounts and investment products to online services and developments in artificial intelligence, these are some of the biggest.... More »
Common Life Insurance Mistakes to Avoid Mar 27th
Shopping for a life insurance plan that fits your particular situation can be a daunting task. There are many companies that offer life insurance and each company has pros and cons.
There are also different types of life plans with many different options.
In addition, mistakes can be made when enrol.... More »
The Ins and Outs of Home Insurance for the First-Time Buyer
– ratesupermarket.ca
There’s so much to know as a first-time homebuyer, not the least of which is how to protect your brand new asset. Home insurance is something that isn’t mandated, but homeowners should include it as part of their financial plan. We’ve broken down the ins and outs of purchasing home insurance to ensure you receive the best possible protection at the right price.
Why Should I Get Home Insurance?
Insurance is one of those areas where you may feel like you’re throwing your hard-earned cash into a black hole every year. The truth is, the consequences of not purchasing it are too stressful to even imagine. In the case of home insurance, it will cover the replacement cost of your valuables and living expenses if you’re not able to stay in your home after an unforeseen event.
What Type of Home Insurance Should I Get?
Your options range from basic which only covers specified risks, to comprehensive which covers virtually every risk. The type of insurance you purchase depends entirely on the level of risk you’re willing to take on, and how much you’re willing to pay…
OTTAWA – An in-depth review of Canada’s anti-money-laundering efforts has uncovered serious concerns that organized crime is using the country’s hot real estate sector to illegally funnel cash.
The report from the Paris-based Financial Action Task Force makes special note of real estate as an area of the economy with a high risk of illicit activity, one of a few weak spots in what the report calls a comprehensive federal regime to combat money laundering and terrorist financing.
The charitable and life insurance industries are also identified in the report as sectors at risk of providing financial help to terrorists and criminals.
Of particular concern are real estate schemes in which a foreign or domestic criminal provides cash to a local buyer, or more sophisticated schemes where loans and mortgages are combined with lawyers’ trust accounts to move money around quietly.
The Canada Revenue Agency is investigating questionable transactions in the Vancouver real estate market, part of a wider study the federal government is doing into ever-rising housing prices there and in Toronto…
The report from the Paris-based Financial Action Task Force makes special note of real estate as an area of the economy with a high risk of illicit activity, one of a few weak spots in what the report calls a comprehensive federal regime to combat money laundering and terrorist financing.
The charitable and life insurance industries are also identified in the report as sectors at risk of providing financial help to terrorists and criminals.
Of particular concern are real estate schemes in which a foreign or domestic criminal provides cash to a local buyer, or more sophisticated schemes where loans and mortgages are combined with lawyers’ trust accounts to move money around quietly.
The Canada Revenue Agency is investigating questionable transactions in the Vancouver real estate market, part of a wider study the federal government is doing into ever-rising housing prices there and in Toronto…
