How to go about securing the best policy for your insurance in Canada.
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Tax Benefits of Health Insurance Dec 6th
Personal Health Expenses
In many cases health plan related expenses can be declared as tax deductible expenses when filing
taxes. This is true for both individual plans and employee benefit plans.
According to the Canadian Revenue Agency (CRA), the premiums for a private health insurance plan that
.... More »
This Year’s Best Credit Cards for Travel Perks Dec 10th
For the avid traveler, there are a few things you can’t go without – your passport, travel insurance, and a good travel rewards credit card.
Those who travel pretty often already know – the opportunity to gain rewards with a good travel credit card are hard to resist. You can easily earn deep.... More »
Uninsured auto insurance 101: What you need to know Dec 9th
Uninsured motorist coverage is used to protect you if you’re involved in an accident with someone who does not have valid insurance, or even if you’re left behind in a hit-and-run scenario.
We know what you’re thinking: Isn’t every vehicle required to have insurance in Canada?
Yes, but the.... More »
What is an Insurance Grace Period? Sep 13th
Life gets busy sometimes. It’s not surprising you might forget to pay your insurance premium. But what does that mean for your coverage? Some insurance is optional, but some — like auto — is mandatory. So, the last thing you want is a cancelled policy.
Thankfully, you might not ne.... More »
Is a vacation home a good investment? + MORE Sep 21st
The benefits of owning a vacation property are obvious. A cottage, cabin, condo or trailer a short drive from your home can provide a quick weekend recharge. A property down south can serve as a regular vacation destination or a winter home for a snowbird.
Sometimes, emotions are the motivat.... More »
100,000 Canadians may be affected by Equifax hack
– moneysense.ca
TORONTO — Equifax Canada says approximately 100,000 Canadian consumers may have had their personal information compromised in the massive cyberattack on the credit data company made public earlier this month.
The company said Tuesday the investigation is ongoing and it appears that the breached data may have included names, addresses, social insurance numbers and in some cases credit card numbers.
“We apologize to Canadian consumers who have been impacted by this incident,” Lisa Nelson, president and general manager of Equifax Canada, said in a statement.
READ: 5 things to know about the Equifax hack
“We understand it has also been frustrating that Equifax Canada has been unable to provide clarity on who was impacted until the investigation is complete.”
The credit data company added that hackers accessed Equifax Inc.’s systems through a consumer website application intended for use by U.S. consumers. The hackers obtained access to files containing the personal information of some Canadian consumers through the interface, Equifax said…
The company said Tuesday the investigation is ongoing and it appears that the breached data may have included names, addresses, social insurance numbers and in some cases credit card numbers.
“We apologize to Canadian consumers who have been impacted by this incident,” Lisa Nelson, president and general manager of Equifax Canada, said in a statement.
READ: 5 things to know about the Equifax hack
“We understand it has also been frustrating that Equifax Canada has been unable to provide clarity on who was impacted until the investigation is complete.”
The credit data company added that hackers accessed Equifax Inc.’s systems through a consumer website application intended for use by U.S. consumers. The hackers obtained access to files containing the personal information of some Canadian consumers through the interface, Equifax said…
Ottawa says federal deficit for 2016 17 fiscal year was $17.8 billion
– canadianbusiness.com
OTTAWA _ The federal Finance Department says the government ran a smaller deficit than it was expecting in the spring budget, ending its 2016-17 fiscal year with a deficit of $17.8 billion.
That compared with a $23-billion deficit that was forecast in the spring budget.
The smaller-than-expected deficit came as revenue was $1.4 billion higher than expected due to higher GST revenue and non-resident income tax.
Program spending was also $3.7 billion lower than forecast due to lower-than expected infrastructure transfer payments; lower-than-expected bad debt expenses; and a downward adjustment to the expenses at the St. Lawrence Seaway Management Corp.
Public debt charges were about $100 million lower than forecast due to lower interest rates.
The deficit for the 2016-17 fiscal year compared with a $1-billion deficit for the 2015-16 fiscal year.
Compared with a year ago, government revenues were down $2.0 billion or 0.7 per cent compared with the previous year due to a drop in personal income tax revenue, employment insurance premium revenue and other revenues, offset in part by an increase in GST revenue…
That compared with a $23-billion deficit that was forecast in the spring budget.
The smaller-than-expected deficit came as revenue was $1.4 billion higher than expected due to higher GST revenue and non-resident income tax.
Program spending was also $3.7 billion lower than forecast due to lower-than expected infrastructure transfer payments; lower-than-expected bad debt expenses; and a downward adjustment to the expenses at the St. Lawrence Seaway Management Corp.
Public debt charges were about $100 million lower than forecast due to lower interest rates.
The deficit for the 2016-17 fiscal year compared with a $1-billion deficit for the 2015-16 fiscal year.
Compared with a year ago, government revenues were down $2.0 billion or 0.7 per cent compared with the previous year due to a drop in personal income tax revenue, employment insurance premium revenue and other revenues, offset in part by an increase in GST revenue…
Equifax Canada says 100,000 Canadians may be affected by cyberattack
– canadianbusiness.com
TORONTO _ Equifax Canada says approximately 100,000 Canadian consumers may have had their personal information and credit card details compromised in the massive cyberattack on the credit data company made public earlier this month.
The company said Tuesday the investigation is ongoing and it appears that the breached data may have included names, addresses, social insurance numbers and, in limited cases, credit card numbers.
“We apologize to Canadian consumers who have been impacted by this incident,” Lisa Nelson, president and general manager of Equifax Canada, said in a statement.
“We understand it has also been frustrating that Equifax Canada has been unable to provide clarity on who was impacted until the investigation is complete.”
Equifax Canada has provided information to MasterCard and VISA about Canadians whose credit card details may have been compromised, for communication to the financial institutions involved, the company said in an update on its Canadian website…
The company said Tuesday the investigation is ongoing and it appears that the breached data may have included names, addresses, social insurance numbers and, in limited cases, credit card numbers.
“We apologize to Canadian consumers who have been impacted by this incident,” Lisa Nelson, president and general manager of Equifax Canada, said in a statement.
“We understand it has also been frustrating that Equifax Canada has been unable to provide clarity on who was impacted until the investigation is complete.”
Equifax Canada has provided information to MasterCard and VISA about Canadians whose credit card details may have been compromised, for communication to the financial institutions involved, the company said in an update on its Canadian website…
