There are more insurance options in Canada than you can shake a stick at! Stay on top of the best policies right here.
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TFSA contribution room calculator + MORE Aug 28th
TFSA contribution room calculator
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator. Note that in the second box below, you should not “double count” contributions that you have withdrawn and then legitimately re-contributed in the following.... More »
How much is insurance for a new driver? + MORE Mar 24th
You might believe that all you need to do to hit the open road is pass your driver’s test and put your keys in the ignition, right? Wrong. All drivers in Canada, including new ones, must also obtain auto insurance before they can legally drive. So, how much is insurance for a new driver? If you o.... More »
TFSA contribution room calculator + MORE Apr 9th
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
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Tax-free savings account is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like e.... More »
What is renters insurance and how does it work? We make it make sense + MORE Jun 8th
While many people are under the assumption that their landlord’s insurance will protect them, there are actually big differences to be aware of, said money expert Jessica Moorhouse..... More »
How to get lower home insurance Aug 7th
Lower home insurance prices are possible, if you’re willing to shop around and you know what factors can affect your premium. Here’s how to get good, cheap home insurance—but not too cheap—to protect what is likely your biggest asset.
How much does home insurance cost?
The average Canadian.... More »
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 insurance coverage, except for Quebec, where the minimum is $50,000. Many Canadians set their policy default between $1 million and $5 million.
There are a variety of reasons people increase their minimum third-party car insurance coverage, including if you frequently carpool, use your vehicle for commercial purposes, live in a metropolitan centre, or regularly cross the Canada-U.S. border in your vehicle. Experts recommend considering a default of $1 million or $2 million in the situation where your damage is likely to exceed the provincially mandated minimums.
What is third-party liability insurance?
In Canada, third-party insurance coverage ultimately aims to protect you if you’re involved in an accident where you may be at fault or liable to pay for property damages, third-party injury, or even death…
There are a variety of reasons people increase their minimum third-party car insurance coverage, including if you frequently carpool, use your vehicle for commercial purposes, live in a metropolitan centre, or regularly cross the Canada-U.S. border in your vehicle. Experts recommend considering a default of $1 million or $2 million in the situation where your damage is likely to exceed the provincially mandated minimums.
What is third-party liability insurance?
In Canada, third-party insurance coverage ultimately aims to protect you if you’re involved in an accident where you may be at fault or liable to pay for property damages, third-party injury, or even death…
