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Why is auto insurance so expensive in Alberta? Dec 7th
Auto insurance in Alberta has been in the news recently with Premier Danielle Smith’s announcement that insurance rate premium hikes for “good drivers” will be capped at 3.7% as of January 1, 2024. The government chose this percentage to match Alberta’s inflation rate in September 2023, the .... More »
What you need to know about third-party liability insurance in Canada Oct 10th
Third-party liability insurance is mandatory coverage for all drivers in Canada. It offers protection for drivers if they’re at fault in an accident and the other party is hurt or even killed. This is mandated at a provincial level, and all provinces require a minimum of $200,000 in third-party in.... More »
Driving schools selling shortcuts to insurance discounts and faster road tests, investigation reveals - CBC News + MORE Mar 8th
Driving schools selling shortcuts to insurance discounts and faster road tests, investigation reveals CBC News.... More »
Can life insurance be used as a fixed income investment? Dec 21st
Q. I am 55 years old, recently finished a four-year battle with cancer, and will be retiring soon. I have a healthy portfolio, consisting of 60% in blue-chip stocks and 40% in fixed income, which will look after my husband’s and my financial needs in the future. I also hold a $2-million life ins.... More »
Where to find and apply for COVID-19 financial relief
– moneysense.ca
The COVID-19 outbreak has dealt a shock to our economy, shuttering entire industries and leaving many more businesses in limbo, forcing layoffs and loss of income on many people. Fortunately, the Canadian government and several other institutions are offering financial relief for Canadians during the COVID-19 pandemic. If you have lost your job, have decreased income, need to stay home to take care of someone else, need to isolate or are sick yourself, the following emergency measures can help cushion the blow, including the latest news on the federal government’s plan for relief when the Canada Emergency Response Benefit (CERB) ends.
Canada Emergency Response Benefit (CERB)
This is a COVID-19 emergency aid measure set up by the federal government to help get financial relief to Canadians quickly and efficiently. It is a taxable benefit that pays $2,000 per month for up to four months (16 weeks), retroactive to March 15.
Who qualifies for CERB?
Canada Emergency Response Benefit (CERB)
This is a COVID-19 emergency aid measure set up by the federal government to help get financial relief to Canadians quickly and efficiently. It is a taxable benefit that pays $2,000 per month for up to four months (16 weeks), retroactive to March 15.
Who qualifies for CERB?
Workers who have lost their jobs or cannot work because of the COVID-19 outbreak
UPDATED: Workers whose income has fallen to $1,000 per month or less, including self-employed and gig-economy workers
Workers who are sick, quarantined, or caring for someone else who is sick
Working parents who can’t work because schools and daycares are closed
Workers who still have jobs but, due to required workplace shutdowns and layoffs, are not working right now
Independent contractors and self-employed workers who don’t usually qualify for Employment Insurance (EI)
How is CERB different from EI?
The CERB is specifically designed to fill in the gaps that surround the current EI system…
