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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 »
What DCPD insurance means to you Jan 19th
Direct compensation property damage, or DCPD, has nothing to do with your house and everything to do with your wheels. Part of the no-fault auto insurance system, it is a mandatory component of car policies in Ontario, Quebec, Nova Scotia, New Brunswick, Newfoundland and Prince Edward Island. The bi.... 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 »
Canada’s best travel credit cards 2022 + MORE Jan 7th
With a good travel credit card in your name, going on a trip can suddenly become more affordable (when you are ready to travel again, of course). And, you can get even more value if you sign up for the right travel credit card—one that doesn’t just focus on points, but also has perks such as lou.... More »
If my flight is delayed or cancelled, can insurance offered by my credit card help cover the cost? Aug 4th
Medical insurance is typically the first thing that comes to mind when someone mentions travel insurance. But you could get a lot more out of your credit card..... More »
Fire insurance claims: When to tell your home insurance provider
– moneysense.ca
“You don’t have to file a home insurance claim if you have a house fire,” is not something you would expect to hear from insurance experts. But in the wake of the increasing fire-related fatality numbers from the Ontario Fire Marshal, we couldn’t help but ask.
First, the numbers. Between January 1 and May 4, 2020, there were 51 fire-related fatalities in Ontario—a 65% increase in comparison to the same timeframe last year. However, insurance specialists in the province aren’t reporting a surge in claims.
Now, if house-fire fatalities are up and residential fires in general are a growing concern during the pandemic, it’s reasonable to consider that some Canadians aren’t making insurance claims after a house fire—presumably because they want to avoid a potential rate increase.
Should you make an insurance claim for a house fire? Well, it depends
When an injury or fatality occurs, it’s critical that all relevant reports are made. However, if a house fire results in property damage only, you may consider handling the repairs privately…
First, the numbers. Between January 1 and May 4, 2020, there were 51 fire-related fatalities in Ontario—a 65% increase in comparison to the same timeframe last year. However, insurance specialists in the province aren’t reporting a surge in claims.
Now, if house-fire fatalities are up and residential fires in general are a growing concern during the pandemic, it’s reasonable to consider that some Canadians aren’t making insurance claims after a house fire—presumably because they want to avoid a potential rate increase.
Should you make an insurance claim for a house fire? Well, it depends
When an injury or fatality occurs, it’s critical that all relevant reports are made. However, if a house fire results in property damage only, you may consider handling the repairs privately…
10 strategies to help you pay off your credit card
– moneysense.ca
Credit cards have become ubiquitous, used to pay for everything from gas to travel to home delivery. Managed properly, they’re also essential financial tools, allowing cardholders to build credit, earn cash back or travel points, and gain valuable perks, like insurance or purchase protection. Carrying a balance, however, changes everything. “Credit card debt is very high-interest debt, typically in the neighbourhood of 20% or more,” says Scott Hannah, president and CEO of Credit Counselling Society. At that rate, even a modest balance can spiral quickly out of control.
If you’re holding a balance on your credit card, paying it off is task number one, so you can once again enjoy its benefits. Here are 10 solid tips to help you get to a $0 balance, faster.
1. Examine your spending habits
It might seem obvious, but you can’t improve on something if you don’t understand it. “Typically, when someone comes to us looking for help, our first goal is to look at their expenditures and balance their budget,” says Hannah…
If you’re holding a balance on your credit card, paying it off is task number one, so you can once again enjoy its benefits. Here are 10 solid tips to help you get to a $0 balance, faster.
1. Examine your spending habits
It might seem obvious, but you can’t improve on something if you don’t understand it. “Typically, when someone comes to us looking for help, our first goal is to look at their expenditures and balance their budget,” says Hannah…
